Van Den Berg Management I Inc. acquired a new position in shares of Murphy Oil Corporation (NYSE:MUR) during the fourth quarter, Holdings Channel reports. The fund acquired 87,380 shares of the company’s stock, valued at approximately $2,720,000. Van Den Berg Management I Inc. owned about 0.05% of Murphy Oil Corporation as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Toronto Dominion Bank boosted its stake in shares of Murphy Oil Corporation by 428.2% in the third quarter. Toronto Dominion Bank now owns 4,743 shares of the company’s stock worth $144,000 after buying an additional 3,845 shares during the last quarter. Advisor Group Inc. boosted its position in Murphy Oil Corporation by 28.2% in the third quarter. Advisor Group Inc. now owns 4,782 shares of the company’s stock valued at $146,000 after buying an additional 1,051 shares during the last quarter. Jacobi Capital Management LLC boosted its position in Murphy Oil Corporation by 17.9% in the third quarter. Jacobi Capital Management LLC now owns 6,558 shares of the company’s stock valued at $196,000 after buying an additional 997 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund bought a new position in Murphy Oil Corporation during the second quarter valued at approximately $208,000. Finally, Bellwether Investment Group LLC bought a new position in Murphy Oil Corporation during the second quarter valued at approximately $224,000. 94.68% of the stock is owned by institutional investors and hedge funds.
Shares of Murphy Oil Corporation (NYSE:MUR) traded up 0.85% during trading on Friday, reaching $28.48. The company had a trading volume of 2,607,951 shares. The stock’s market capitalization is $4.90 billion. Murphy Oil Corporation has a 52-week low of $15.30 and a 52-week high of $37.48. The stock has a 50 day moving average of $30.61 and a 200 day moving average of $29.43.
Murphy Oil Corporation (NYSE:MUR) last issued its quarterly earnings results on Wednesday, January 25th. The company reported ($0.16) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.00. Murphy Oil Corporation had a negative net margin of 14.73% and a negative return on equity of 4.54%. During the same quarter in the previous year, the business earned ($0.76) EPS. Equities research analysts forecast that Murphy Oil Corporation will post $0.48 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 1st. Stockholders of record on Monday, February 13th will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, February 9th. This represents a $1.00 annualized dividend and a dividend yield of 3.51%. Murphy Oil Corporation’s payout ratio is -62.50%.
Several research firms recently commented on MUR. RBC Capital Markets reissued a “hold” rating and set a $33.00 target price on shares of Murphy Oil Corporation in a research note on Tuesday, January 3rd. Credit Suisse Group AG cut Murphy Oil Corporation from a “neutral” rating to an “underperform” rating and boosted their target price for the stock from $33.00 to $37.00 in a research note on Wednesday, December 7th. Nomura reissued a “hold” rating and set a $28.00 target price on shares of Murphy Oil Corporation in a research note on Monday, November 7th. Finally, Zacks Investment Research cut Murphy Oil Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, October 18th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. Murphy Oil Corporation presently has a consensus rating of “Hold” and an average target price of $28.78.
About Murphy Oil Corporation
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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