Laurion Capital Management LP grew its position in shares of Murphy Oil Corporation (NYSE:MUR) by 2,553.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 214,900 shares of the oil and gas producer’s stock after buying an additional 206,800 shares during the quarter. Laurion Capital Management LP owned approximately 0.12% of Murphy Oil Corporation worth $5,508,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently modified their holdings of MUR. Ameritas Investment Partners Inc. bought a new stake in Murphy Oil Corporation during the first quarter worth about $111,000. Daiwa Securities Group Inc. grew its stake in shares of Murphy Oil Corporation by 24.6% during the second quarter. Daiwa Securities Group Inc. now owns 4,860 shares of the oil and gas producer’s stock valued at $125,000 after purchasing an additional 960 shares during the last quarter. Koch Industries Inc. bought a new stake in shares of Murphy Oil Corporation during the first quarter valued at approximately $208,000. ING Groep NV grew its stake in shares of Murphy Oil Corporation by 0.5% during the second quarter. ING Groep NV now owns 8,313 shares of the oil and gas producer’s stock valued at $213,000 after purchasing an additional 39 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan grew its stake in shares of Murphy Oil Corporation by 75.2% during the second quarter. Municipal Employees Retirement System of Michigan now owns 9,060 shares of the oil and gas producer’s stock valued at $233,000 after purchasing an additional 3,890 shares during the last quarter. 97.68% of the stock is currently owned by hedge funds and other institutional investors.
MUR has been the topic of several research analyst reports. Piper Jaffray Companies set a $23.00 price target on shares of Murphy Oil Corporation and gave the company a “hold” rating in a research note on Friday, August 25th. Scotiabank set a $27.00 price target on shares of Murphy Oil Corporation and gave the company a “hold” rating in a research note on Friday, August 11th. Cowen and Company reissued a “hold” rating and set a $30.00 price target on shares of Murphy Oil Corporation in a research note on Sunday. BidaskClub raised shares of Murphy Oil Corporation from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th. Finally, Zacks Investment Research cut shares of Murphy Oil Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. 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 stock. The company presently has a consensus rating of “Hold” and a consensus price target of $30.82.
In other Murphy Oil Corporation news, VP Allan J. Misner sold 3,795 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $26.05, for a total transaction of $98,859.75. Following the sale, the vice president now directly owns 100 shares of the company’s stock, valued at approximately $2,605. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Kelli M. Hammock sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $25.63, for a total transaction of $102,520.00. Following the sale, the insider now directly owns 14,298 shares in the company, valued at $366,457.74. The disclosure for this sale can be found here. Insiders own 6.89% of the company’s stock.
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Shares of Murphy Oil Corporation (MUR) traded down 0.35% during trading on Friday, reaching $25.44. 3,293,755 shares of the company’s stock were exchanged. Murphy Oil Corporation has a 52-week low of $22.21 and a 52-week high of $35.19. The stock’s market cap is $4.39 billion. The stock’s 50 day moving average price is $24.59 and its 200-day moving average price is $25.81.
Murphy Oil Corporation (NYSE:MUR) last posted its earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.11) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.15) by $0.04. Murphy Oil Corporation had a negative net margin of 1.83% and a negative return on equity of 1.76%. The firm had revenue of $474.50 million for the quarter, compared to analyst estimates of $495.03 million. During the same period in the previous year, the firm posted ($0.36) EPS. On average, equities research analysts forecast that Murphy Oil Corporation will post ($0.29) EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Monday, August 14th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.93%. The ex-dividend date of this dividend was Thursday, August 10th. Murphy Oil Corporation’s payout ratio is -454.55%.
About Murphy Oil Corporation
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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