Axa Decreases Holdings in Murphy Oil Corporation (MUR)

Axa trimmed its position in shares of Murphy Oil Corporation (NYSE:MUR) by 33.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 801,378 shares of the oil and gas producer’s stock after selling 397,000 shares during the quarter. Axa owned approximately 0.46% of Murphy Oil Corporation worth $20,539,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in shares of Murphy Oil Corporation by 271.4% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 49,446 shares of the oil and gas producer’s stock valued at $1,267,000 after buying an additional 36,133 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Murphy Oil Corporation by 18.3% during the 2nd 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. Pzena Investment Management LLC lifted its holdings in shares of Murphy Oil Corporation by 4.3% during the 2nd quarter. Pzena Investment Management LLC now owns 9,510,782 shares of the oil and gas producer’s stock valued at $243,761,000 after buying an additional 396,009 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Murphy Oil Corporation by 14.0% during the 1st quarter. Bank of America Corp DE now owns 613,099 shares of the oil and gas producer’s stock valued at $17,529,000 after buying an additional 75,164 shares during the last quarter. Finally, Wellington Management Group LLP lifted its holdings in shares of Murphy Oil Corporation by 35.7% during the 1st quarter. Wellington Management Group LLP now owns 49,514 shares of the oil and gas producer’s stock valued at $1,415,000 after buying an additional 13,024 shares during the last quarter. Institutional investors and hedge funds own 97.68% of the company’s stock.

In related news, insider Kelli M. Hammock sold 4,000 shares of the 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 completion of the transaction, the insider now directly owns 14,298 shares of the company’s stock, valued at $366,457.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Allan J. Misner sold 3,795 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $26.05, for a total value of $98,859.75. Following the transaction, the vice president now directly owns 100 shares of the company’s stock, valued at $2,605. The disclosure for this sale can be found here. Corporate insiders own 6.89% of the company’s stock.

Murphy Oil Corporation (MUR) opened at 23.46 on Friday. The company’s market capitalization is $4.05 billion. The company has a 50 day moving average price of $24.70 and a 200-day moving average price of $25.94. Murphy Oil Corporation has a 52 week low of $22.21 and a 52 week high of $35.19.

Murphy Oil Corporation (NYSE:MUR) last issued its quarterly earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.11) EPS for the quarter, beating the consensus estimate of ($0.15) by $0.04. Murphy Oil Corporation had a negative return on equity of 1.76% and a negative net margin of 1.83%. The firm had revenue of $474.50 million during the quarter, compared to analysts’ expectations of $495.03 million. During the same period in the prior year, the firm posted ($0.36) earnings per share. On average, equities analysts anticipate that Murphy Oil Corporation will post ($0.27) earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Monday, August 14th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $1.00 annualized dividend and a yield of 4.26%. Murphy Oil Corporation’s dividend payout ratio (DPR) is presently -454.55%.

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Several equities research analysts have recently issued reports on MUR shares. Piper Jaffray Companies set a $23.00 price target on Murphy Oil Corporation and gave the company a “hold” rating in a report on Friday, August 25th. Scotiabank set a $27.00 price target on Murphy Oil Corporation and gave the company a “hold” rating in a report on Friday, August 11th. BidaskClub upgraded Murphy Oil Corporation from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 14th. Cowen and Company set a $30.00 price target on Murphy Oil Corporation and gave the company a “hold” rating in a report on Wednesday, July 19th. Finally, Zacks Investment Research lowered Murphy Oil Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Four research 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. The stock has a consensus rating of “Hold” and a consensus price target of $30.82.

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

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