Cornerstone Capital Management Holdings LLC. raised its position in shares of Murphy Oil Co. (NYSE:MUR) by 54.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 76,260 shares of the oil and gas producer’s stock after buying an additional 26,945 shares during the quarter. Cornerstone Capital Management Holdings LLC.’s holdings in Murphy Oil were worth $2,025,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of MUR. Utah Retirement Systems increased its holdings in Murphy Oil by 0.3% in the 2nd quarter. Utah Retirement Systems now owns 29,842 shares of the oil and gas producer’s stock worth $765,000 after buying an additional 100 shares in the last quarter. Sentry Investment Management LLC increased its holdings in Murphy Oil by 1.0% in the 2nd quarter. Sentry Investment Management LLC now owns 12,549 shares of the oil and gas producer’s stock worth $322,000 after buying an additional 127 shares in the last quarter. Advisor Group Inc. increased its holdings in Murphy Oil by 8.0% in the 2nd quarter. Advisor Group Inc. now owns 4,071 shares of the oil and gas producer’s stock worth $105,000 after buying an additional 301 shares in the last quarter. M&T Bank Corp increased its holdings in Murphy Oil by 2.7% in the 2nd quarter. M&T Bank Corp now owns 17,960 shares of the oil and gas producer’s stock worth $460,000 after buying an additional 474 shares in the last quarter. Finally, Earnest Partners LLC increased its holdings in Murphy Oil by 1.0% in the 2nd quarter. Earnest Partners LLC now owns 57,686 shares of the oil and gas producer’s stock worth $1,478,000 after buying an additional 563 shares in the last quarter. Hedge funds and other institutional investors own 96.79% of the company’s stock.
Murphy Oil Co. (MUR) traded up $0.34 during mid-day trading on Friday, hitting $34.61. The stock had a trading volume of 1,889,062 shares, compared to its average volume of 2,297,389. Murphy Oil Co. has a 12-month low of $22.21 and a 12-month high of $35.00. The company has a current ratio of 1.74, a quick ratio of 1.60 and a debt-to-equity ratio of 0.58. The stock has a market cap of $5,970.00, a PE ratio of -66.56 and a beta of 2.29.
Murphy Oil (NYSE:MUR) last posted its quarterly earnings results on Wednesday, November 1st. The oil and gas producer reported ($0.03) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.14) by $0.11. Murphy Oil had a negative return on equity of 1.25% and a negative net margin of 4.15%. The company had revenue of $498.31 million for the quarter, compared to analysts’ expectations of $460.17 million. During the same period in the previous year, the firm earned ($0.18) EPS. The firm’s revenue was up 2.6% compared to the same quarter last year. equities analysts forecast that Murphy Oil Co. will post -0.23 earnings per share for the current year.
In other Murphy Oil news, Director Robert Madison Murphy sold 6,325 shares of Murphy Oil stock in a transaction that occurred on 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 at this hyperlink. Also, VP John B. Gardner sold 3,783 shares of Murphy Oil stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $27.84, for a total value of $105,318.72. The disclosure for this sale can be found here. Over the last three months, insiders purchased 25,500 shares of company stock worth $5,100. 6.89% of the stock is owned by insiders.
MUR has been the subject of several research analyst reports. Zacks Investment Research upgraded Murphy Oil from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a report on Friday, October 27th. 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. Credit Suisse Group initiated coverage on Murphy Oil in a research report on Monday, December 11th. They issued a “neutral” rating and a $30.00 target price on the stock. Finally, Morgan Stanley raised their target price on Murphy Oil from $23.00 to $26.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 18th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $29.91.
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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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