Engineers Gate Manager LP Raises Position in Murphy Oil Corporation (MUR)

Engineers Gate Manager LP boosted its holdings in shares of Murphy Oil Corporation (NYSE:MUR) by 39.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 98,312 shares of the oil and gas producer’s stock after buying an additional 27,604 shares during the quarter. Engineers Gate Manager LP owned approximately 0.06% of Murphy Oil worth $2,611,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of MUR. Ameriprise Financial Inc. increased its holdings in Murphy Oil by 407.9% during the third quarter. Ameriprise Financial Inc. now owns 1,057,047 shares of the oil and gas producer’s stock valued at $28,073,000 after buying an additional 848,930 shares during the period. Principal Financial Group Inc. boosted its stake 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 valued at $27,041,000 after acquiring an additional 642,930 shares in the last quarter. Bank of New York Mellon Corp boosted its stake 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 valued at $88,342,000 after acquiring an additional 541,618 shares in the last quarter. FMR LLC boosted its stake 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 valued at $302,613,000 after acquiring an additional 529,291 shares in the last quarter. Finally, State Street Corp boosted its stake 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 valued at $291,513,000 after acquiring an additional 503,190 shares in the last quarter. 96.87% of the stock is currently owned by institutional investors.

Murphy Oil Corporation (MUR) traded down $0.73 during trading hours on Thursday, hitting $28.21. 1,796,800 shares of the stock traded hands, compared to its average volume of 2,911,561. Murphy Oil Corporation has a 1-year low of $22.21 and a 1-year 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) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.14) by $0.11. Murphy Oil had a negative net margin of 4.15% and a negative return on equity of 1.25%. The business had revenue of $498.31 million during the quarter, compared to the consensus estimate of $460.17 million. During the same period in the previous year, the firm posted ($0.18) earnings per share. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. equities analysts predict that Murphy Oil Corporation will post -0.2 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Monday, November 13th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, November 10th. This represents a $1.00 annualized dividend and a dividend yield of 3.54%. Murphy Oil’s payout ratio is currently -196.08%.

In related news, Director Robert Madison Murphy sold 6,325 shares of the firm’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $28.55, for a total transaction of $180,578.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP John B. Gardner sold 3,783 shares of the firm’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $27.84, for a total transaction of $105,318.72. The disclosure for this sale can be found here. Insiders have bought 76,500 shares of company stock valued at $17,850 over the last quarter. Insiders own 6.89% of the company’s stock.

Several equities research analysts have weighed in on MUR shares. Zacks Investment Research upgraded shares of Murphy Oil from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research note on Friday, October 27th. Scotiabank set a $27.00 target price on shares of Murphy Oil and gave the company a “hold” rating in a research note on Friday, August 11th. Piper Jaffray Companies restated a “hold” rating and issued a $31.00 target price on shares of Murphy Oil in a research note on Thursday, August 10th. Cowen restated a “hold” rating and issued a $30.00 target price on shares of Murphy Oil in a research note on Sunday, September 17th. Finally, ValuEngine downgraded shares of Murphy Oil from a “hold” rating to a “sell” rating in a research note on Wednesday, August 23rd. Four analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $30.27.

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

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