Ameriprise Financial Inc. boosted its position in Murphy Oil Corporation (NYSE:MUR) by 407.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,057,047 shares of the oil and gas producer’s stock after buying an additional 848,930 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.61% of Murphy Oil worth $28,073,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently added to or reduced their stakes in MUR. Principal Financial Group Inc. increased its position in Murphy Oil by 171.4% in the third quarter. Principal Financial Group Inc. now owns 1,018,113 shares of the oil and gas producer’s stock worth $27,041,000 after buying an additional 642,930 shares during the last quarter. Bank of New York Mellon Corp increased its position in Murphy Oil by 19.5% in the third quarter. Bank of New York Mellon Corp now owns 3,326,099 shares of the oil and gas producer’s stock worth $88,342,000 after buying an additional 541,618 shares during the last quarter. FMR LLC increased its position in Murphy Oil by 4.7% in the second quarter. FMR LLC now owns 11,806,976 shares of the oil and gas producer’s stock worth $302,613,000 after buying an additional 529,291 shares during the last quarter. State Street Corp increased its position in Murphy Oil by 4.6% in the second quarter. State Street Corp now owns 11,373,872 shares of the oil and gas producer’s stock worth $291,513,000 after buying an additional 503,190 shares during the last quarter. Finally, SG Americas Securities LLC increased its position in Murphy Oil by 1,024.5% in the second quarter. SG Americas Securities LLC now owns 547,167 shares of the oil and gas producer’s stock worth $14,024,000 after buying an additional 498,507 shares during the last quarter. 96.87% of the stock is owned by institutional investors and hedge funds.
In other Murphy Oil news, VP John B. Gardner sold 3,783 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $27.84, for a total transaction of $105,318.72. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Robert Madison Murphy sold 6,325 shares of the firm’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $28.55, for a total value of $180,578.75. The disclosure for this sale can be found here. Insiders have purchased 76,500 shares of company stock valued at $17,850 in the last three months. 6.89% of the stock is owned by corporate insiders.
Murphy Oil Corporation (MUR) traded down $0.73 during trading on Thursday, hitting $28.21. The stock had a trading volume of 1,796,800 shares, compared to its average volume of 2,911,561. Murphy Oil Corporation has a 52-week low of $22.21 and a 52-week high of $34.90. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.74 and a quick ratio of 1.60.
Murphy Oil (NYSE:MUR) last posted its quarterly earnings data on Wednesday, November 1st. The oil and gas producer reported ($0.03) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.14) by $0.11. The company had revenue of $498.31 million during the quarter, compared to analyst estimates of $460.17 million. Murphy Oil had a negative return on equity of 1.25% and a negative net margin of 4.15%. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the company earned ($0.18) earnings per share. analysts anticipate that Murphy Oil Corporation will post -0.2 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Monday, November 13th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.54%. The ex-dividend date was Friday, November 10th. Murphy Oil’s dividend payout ratio is -196.08%.
MUR has been the subject of a number of recent research reports. Piper Jaffray Companies set a $23.00 target price on Murphy Oil and gave the stock a “hold” rating in a research report on Friday, August 25th. Scotiabank set a $27.00 target price on Murphy Oil and gave the stock a “hold” rating in a research report on Friday, August 11th. Cowen reissued a “hold” rating and issued a $30.00 target price on shares of Murphy Oil in a research report on Sunday, September 17th. Zacks Investment Research raised Murphy Oil from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a report on Friday, October 27th. Finally, ValuEngine lowered Murphy Oil from a “hold” rating to a “sell” rating in a report on Wednesday, August 23rd. Four equities 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 company. The company presently has an average rating of “Hold” and an average target price of $30.27.
About Murphy Oil
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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