Murphy Oil Corporation (MUR) Shares Sold by Cadence Capital Management LLC
Cadence Capital Management LLC trimmed its holdings in Murphy Oil Corporation (NYSE:MUR) by 13.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,549 shares of the oil and gas producer’s stock after selling 3,947 shares during the quarter. Cadence Capital Management LLC’s holdings in Murphy Oil were worth $679,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Laurion Capital Management LP boosted its holdings in Murphy Oil by 2,553.1% in the second quarter. Laurion Capital Management LP now owns 214,900 shares of the oil and gas producer’s stock valued at $5,508,000 after purchasing an additional 206,800 shares in the last quarter. Shell Asset Management Co. lifted its stake in Murphy Oil by 103.3% in the third quarter. Shell Asset Management Co. now owns 26,101 shares of the oil and gas producer’s stock valued at $1,485,000 after buying an additional 13,262 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in Murphy Oil by 10.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,028,206 shares of the oil and gas producer’s stock valued at $26,353,000 after buying an additional 93,234 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Murphy Oil by 18.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 75,962 shares of the oil and gas producer’s stock valued at $1,947,000 after buying an additional 11,755 shares during the last quarter. Finally, LSV Asset Management lifted its stake in Murphy Oil by 3.8% in the second quarter. LSV Asset Management now owns 1,130,900 shares of the oil and gas producer’s stock valued at $28,984,000 after buying an additional 41,663 shares during the last quarter. 96.87% of the stock is owned by hedge funds and other institutional investors.
Murphy Oil Corporation (NYSE MUR) traded down $0.33 during trading on Tuesday, reaching $28.90. The company’s stock had a trading volume of 2,726,400 shares, compared to its average volume of 2,921,800. 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 $34.90.
Murphy Oil (NYSE:MUR) last posted its earnings results on Wednesday, November 1st. The oil and gas producer reported ($0.03) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.14) by $0.11. The company had revenue of $498.31 million for 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%. Murphy Oil’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.18) earnings per share. equities analysts predict that Murphy Oil Corporation will post -0.2 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Monday, November 13th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.46%. The ex-dividend date of this dividend was Friday, November 10th. Murphy Oil’s dividend payout ratio (DPR) is -196.08%.
A number of brokerages have weighed in on MUR. BidaskClub cut Murphy Oil from a “hold” rating to a “sell” rating in a research note on Thursday, August 17th. Morgan Stanley upped their price target on Murphy Oil from $23.00 to $26.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 18th. Zacks Investment Research cut Murphy Oil from a “buy” rating to a “hold” rating in a research note on Monday, October 30th. ValuEngine cut Murphy Oil from a “hold” rating to a “sell” rating in a research note on Wednesday, August 23rd. Finally, Piper Jaffray Companies restated a “hold” rating and set a $31.00 price target on shares of Murphy Oil in a research note on Thursday, August 10th. 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 company. The company has an average rating of “Hold” and an average price target of $30.27.
In related news, Director Robert Madison Murphy sold 6,325 shares of the stock in a transaction on Monday, November 6th. The stock was sold at an average price of $28.55, for a total transaction of $180,578.75. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP John B. Gardner sold 3,783 shares of the stock in a transaction on Monday, November 20th. The shares were 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. Insiders acquired 76,500 shares of company stock worth $17,850 in the last three months. 6.89% of the stock is owned by corporate insiders.
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Murphy Oil Company 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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