First Citizens Bank & Trust Co. reduced its position in shares of Murphy Oil Corp. (NYSE:MUR) by 10.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,988 shares of the company’s stock after selling 1,332 shares during the period. First Citizens Bank & Trust Co.’s holdings in Murphy Oil Corp. were worth $381,000 as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. State Street Corp increased its stake in shares of Murphy Oil Corp. by 0.4% in the first quarter. State Street Corp now owns 10,589,606 shares of the company’s stock worth $266,760,000 after buying an additional 45,934 shares during the period. BlackRock Institutional Trust Company N.A. raised its position in Murphy Oil Corp. by 5.9% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 4,824,582 shares of the company’s stock worth $121,531,000 after buying an additional 268,431 shares in the last quarter. NN Investment Partners Holdings N.V. raised its position in Murphy Oil Corp. by 128,811.0% in the second quarter. NN Investment Partners Holdings N.V. now owns 2,059,998 shares of the company’s stock worth $65,405,000 after buying an additional 2,058,400 shares in the last quarter. Geode Capital Management LLC raised its position in Murphy Oil Corp. by 2.6% in the first quarter. Geode Capital Management LLC now owns 1,338,696 shares of the company’s stock worth $33,655,000 after buying an additional 33,876 shares in the last quarter. Finally, Legal & General Group Plc raised its position in Murphy Oil Corp. by 13.1% in the first quarter. Legal & General Group Plc now owns 1,030,188 shares of the company’s stock worth $25,946,000 after buying an additional 119,032 shares in the last quarter. Institutional investors and hedge funds own 92.58% of the company’s stock.
Shares of Murphy Oil Corp. (NYSE:MUR) traded down 0.07% during mid-day trading on Tuesday, hitting $28.20. The stock had a trading volume of 2,095,594 shares. The stock’s market cap is $4.86 billion. The firm’s 50-day moving average price is $27.97 and its 200 day moving average price is $29.42. Murphy Oil Corp. has a 12-month low of $14.30 and a 12-month high of $37.48.
Murphy Oil Corp. (NYSE:MUR) last issued its earnings results on Wednesday, July 27th. The company reported ($0.36) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.39) by $0.03. Murphy Oil Corp. had a negative return on equity of 7.93% and a negative net margin of 106.14%. During the same period in the previous year, the firm posted ($0.48) earnings per share. Equities analysts forecast that Murphy Oil Corp. will post ($1.32) EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Monday, November 14th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, November 9th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.55%. Murphy Oil Corp.’s payout ratio is presently -7.24%.
A number of research analysts recently issued reports on MUR shares. Zacks Investment Research upgraded Murphy Oil Corp. from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a research report on Wednesday, October 12th. Barclays PLC restated an “overweight” rating and set a $42.00 price objective on shares of Murphy Oil Corp. in a research report on Monday, October 10th. Raymond James Financial Inc. upgraded Murphy Oil Corp. from an “underperform” rating to a “market perform” rating in a research report on Monday, June 20th. JPMorgan Chase & Co. restated a “hold” rating on shares of Murphy Oil Corp. in a research report on Thursday, June 30th. Finally, Credit Agricole SA restated a “sell” rating on shares of Murphy Oil Corp. in a research report on Tuesday, August 16th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $26.80.
In related news, Director Robert Madison Murphy bought 22,594 shares of the company’s stock in a transaction dated Monday, August 8th. The stock was acquired at an average cost of $21.93 per share, with a total value of $495,486.42. The transaction was disclosed in a filing with the SEC, which is available at this link. 6.39% of the stock is owned by insiders.
Murphy Oil Corp. Company Profile
Murphy Oil Corporation 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. The Company’s exploration and production activities are subdivided into four geographic segments, including the United States, Canada, Malaysia and all other countries.
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