Deprince Race & Zollo Inc. cut its stake in shares of Murphy Oil Corporation (NYSE:MUR) by 28.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,383,674 shares of the oil and gas producer’s stock after selling 555,431 shares during the period. Murphy Oil Corporation comprises about 0.8% of Deprince Race & Zollo Inc.’s investment portfolio, making the stock its 28th biggest position. Deprince Race & Zollo Inc. owned approximately 0.80% of Murphy Oil Corporation worth $36,750,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MUR. Advisor Group Inc. lifted its position in Murphy Oil Corporation by 8.0% during the second quarter. Advisor Group Inc. now owns 4,071 shares of the oil and gas producer’s stock valued at $105,000 after purchasing an additional 301 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in Murphy Oil Corporation by 24.6% during the second quarter. Daiwa Securities Group Inc. now owns 4,860 shares of the oil and gas producer’s stock valued at $125,000 after purchasing an additional 960 shares in the last quarter. ING Groep NV lifted its position in Murphy Oil Corporation by 0.5% during the second quarter. ING Groep NV now owns 8,313 shares of the oil and gas producer’s stock valued at $213,000 after purchasing an additional 39 shares in the last quarter. Murphy Pohlad Asset Management LLC purchased a new position in Murphy Oil Corporation during the third quarter valued at $216,000. Finally, Municipal Employees Retirement System of Michigan lifted its position in Murphy Oil Corporation by 75.2% during the second quarter. Municipal Employees Retirement System of Michigan now owns 9,060 shares of the oil and gas producer’s stock valued at $233,000 after purchasing an additional 3,890 shares in the last quarter. Institutional investors own 98.46% of the company’s stock.
In related news, Director Robert Madison Murphy sold 6,325 shares of the business’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $28.55, for a total value of $180,578.75. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders purchased 76,000 shares of company stock worth $17,750 over the last quarter. 6.89% of the stock is owned by company insiders.
MUR has been the topic of several analyst reports. Cowen and Company set a $30.00 target price on Murphy Oil Corporation and gave the company a “hold” rating in a research report on Wednesday, July 19th. Piper Jaffray Companies set a $23.00 target price on Murphy Oil Corporation and gave the company a “hold” rating in a research report on Friday, August 25th. Zacks Investment Research downgraded Murphy Oil Corporation from a “buy” rating to a “hold” rating in a research report on Monday, October 30th. Morgan Stanley lifted their target price on Murphy Oil Corporation from $23.00 to $26.00 and gave the company an “underweight” rating in a research report on Wednesday, October 18th. Finally, ValuEngine downgraded Murphy Oil Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, August 23rd. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $30.27.
Murphy Oil Corporation (MUR) traded down $1.16 during trading hours on Wednesday, hitting $27.79. The company had a trading volume of 4,032,400 shares, compared to its average volume of 2,920,175. The company has a current ratio of 1.74, a quick ratio of 1.60 and a debt-to-equity ratio of 0.58. 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 posted its earnings results on Wednesday, November 1st. The oil and gas producer reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.11. The company had revenue of $498.31 million for the quarter, compared to the consensus estimate of $460.17 million. Murphy Oil Corporation had a negative return on equity of 1.25% and a negative net margin of 4.15%. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the previous year, the business earned ($0.18) earnings per share. equities research analysts anticipate that Murphy Oil Corporation will post -0.19 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Monday, November 13th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, November 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.60%. Murphy Oil Corporation’s dividend payout ratio is currently -196.08%.
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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