Swiss National Bank Raises Stake in Murphy Oil Corporation (MUR)

Swiss National Bank lifted its stake in shares of Murphy Oil Corporation (NYSE:MUR) by 3.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 597,419 shares of the oil and gas producer’s stock after acquiring an additional 17,700 shares during the quarter. Swiss National Bank owned approximately 0.35% of Murphy Oil Corporation worth $15,312,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of MUR. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in Murphy Oil Corporation by 271.4% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 49,446 shares of the oil and gas producer’s stock valued at $1,267,000 after buying an additional 36,133 shares during the period. Pzena Investment Management LLC increased its holdings in Murphy Oil Corporation by 4.3% during the second quarter. Pzena Investment Management LLC now owns 9,510,782 shares of the oil and gas producer’s stock valued at $243,761,000 after buying an additional 396,009 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Murphy Oil Corporation by 18.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 75,962 shares of the oil and gas producer’s stock valued at $1,947,000 after buying an additional 11,755 shares during the period. Bank of America Corp DE increased its holdings in Murphy Oil Corporation by 14.0% during the first quarter. Bank of America Corp DE now owns 613,099 shares of the oil and gas producer’s stock valued at $17,529,000 after buying an additional 75,164 shares during the period. Finally, Wellington Management Group LLP increased its holdings in 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 valued at $1,415,000 after buying an additional 13,024 shares during the period. 97.68% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts recently issued reports on the stock. BidaskClub raised shares of Murphy Oil Corporation from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Royal Bank Of Canada set a $32.00 price objective on shares of Murphy Oil Corporation and gave the company a “hold” rating in a report on Saturday, June 3rd. ValuEngine raised shares of Murphy Oil Corporation from a “sell” rating to a “hold” rating in a report on Friday, July 28th. Zacks Investment Research raised shares of Murphy Oil Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Finally, J P Morgan Chase & Co cut their price objective on shares of Murphy Oil Corporation from $31.00 to $30.00 and set a “neutral” rating on the stock in a report on Wednesday, May 31st. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $30.82.

Murphy Oil Corporation (NYSE MUR) opened at 23.45 on Tuesday. The stock’s market capitalization is $4.05 billion. The firm has a 50-day moving average of $24.68 and a 200 day moving average of $25.89. Murphy Oil Corporation has a 12-month low of $22.21 and a 12-month high of $35.19.

Murphy Oil Corporation (NYSE:MUR) last announced its quarterly earnings data on Wednesday, August 2nd. The oil and gas producer reported ($0.11) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.15) by $0.04. Murphy Oil Corporation had a negative net margin of 1.83% and a negative return on equity of 1.76%. The company had revenue of $474.50 million for the quarter, compared to the consensus estimate of $495.03 million. During the same period in the prior year, the firm posted ($0.36) EPS. On average, analysts predict that Murphy Oil Corporation will post ($0.27) earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Monday, August 14th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.26%. The ex-dividend date of this dividend was Thursday, August 10th. Murphy Oil Corporation’s dividend payout ratio is presently -454.55%.

In other Murphy Oil Corporation news, insider Kelli M. Hammock sold 4,000 shares of the 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 sale, the insider now directly owns 14,298 shares of the company’s stock, valued at approximately $366,457.74. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Allan J. Misner sold 3,795 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $26.05, for a total transaction of $98,859.75. Following the completion of the sale, the vice president now directly owns 100 shares in the company, valued at $2,605. The disclosure for this sale can be found here. Corporate insiders own 6.89% of the company’s stock.

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Murphy Oil Corporation Company 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.

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

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