8,168 Shares in Murphy Oil Corporation (MUR) Purchased by Murphy Pohlad Asset Management LLC

Murphy Pohlad Asset Management LLC bought a new position in shares of Murphy Oil Corporation (NYSE:MUR) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 8,168 shares of the oil and gas producer’s stock, valued at approximately $216,000.

Several other institutional investors have also recently added to or reduced their stakes in MUR. JPMorgan Chase & Co. lifted its holdings in shares of Murphy Oil Corporation by 23.9% during the first quarter. JPMorgan Chase & Co. now owns 123,154 shares of the oil and gas producer’s stock worth $3,520,000 after purchasing an additional 23,755 shares during the period. Neuberger Berman Group LLC lifted its holdings in shares of Murphy Oil Corporation by 1.7% during the first quarter. Neuberger Berman Group LLC now owns 10,200 shares of the oil and gas producer’s stock worth $292,000 after purchasing an additional 174 shares during the period. OppenheimerFunds Inc. lifted its holdings in shares of Murphy Oil Corporation by 22.5% during the first quarter. OppenheimerFunds Inc. now owns 8,204 shares of the oil and gas producer’s stock worth $235,000 after purchasing an additional 1,505 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Murphy Oil Corporation by 35.7% during the first quarter. Wellington Management Group LLP now owns 49,514 shares of the oil and gas producer’s stock worth $1,415,000 after purchasing an additional 13,024 shares during the period. Finally, Teachers Advisors LLC lifted its holdings in shares of Murphy Oil Corporation by 6.0% during the first quarter. Teachers Advisors LLC now owns 220,185 shares of the oil and gas producer’s stock worth $6,295,000 after purchasing an additional 12,521 shares during the period. 97.99% of the stock is owned by hedge funds and other institutional investors.

In other news, VP Allan J. Misner sold 3,795 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $26.05, for a total value of $98,859.75. Following the completion of the sale, the vice president now directly owns 100 shares of the company’s stock, valued at approximately $2,605. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kelli M. Hammock sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $25.63, for a total value of $102,520.00. Following the completion of the sale, the insider now directly owns 14,298 shares of the company’s stock, valued at $366,457.74. The disclosure for this sale can be found here. 6.89% of the stock is owned by company insiders.

Shares of Murphy Oil Corporation (NYSE MUR) traded up 1.56% on Monday, reaching $25.97. The company’s stock had a trading volume of 509,099 shares. The stock has a 50-day moving average price of $25.84 and a 200-day moving average price of $25.52. The company’s market capitalization is $4.48 billion. Murphy Oil Corporation has a 1-year low of $22.21 and a 1-year high of $35.19.

Murphy Oil Corporation (NYSE:MUR) last posted its quarterly earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.11) EPS for the quarter, beating the consensus estimate of ($0.15) by $0.04. The business had revenue of $474.50 million during the quarter, compared to analysts’ expectations of $495.03 million. Murphy Oil Corporation had a negative return on equity of 1.76% and a negative net margin of 1.83%. During the same period last year, the firm earned ($0.36) EPS. On average, equities research analysts forecast that Murphy Oil Corporation will post ($0.25) EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Monday, November 13th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, November 10th. This represents a $1.00 annualized dividend and a dividend yield of 3.91%. Murphy Oil Corporation’s dividend payout ratio is currently -454.55%.

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A number of research firms recently commented on MUR. BidaskClub raised Murphy Oil Corporation from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Morgan Stanley lifted their target price on Murphy Oil Corporation from $23.00 to $26.00 and gave the stock an “underweight” rating in a report on Wednesday, October 18th. ValuEngine downgraded Murphy Oil Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, August 23rd. Barclays PLC downgraded Murphy Oil Corporation from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $38.00 to $29.00 in a report on Tuesday, July 11th. Finally, Zacks Investment Research downgraded Murphy Oil Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. Murphy Oil Corporation currently has an average rating of “Hold” and a consensus target price of $30.08.

Murphy Oil Corporation Profile

Murphy Oil Corporation (Murphy) is an oil and gas exploration and production company. The Company’s exploration and production business explores for and produces crude oil, natural gas and natural gas liquids across the world. Its exploration and production activities are subdivided into four geographic segments: the United States, Canada, Malaysia and all other countries.

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Institutional Ownership by Quarter for Murphy Oil Corporation (NYSE:MUR)

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