First Financial Equity Corporation bought a new stake in shares of Murphy Oil Corporation (NYSE:MUR) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 12,600 shares of the oil and gas producer’s stock, valued at approximately $356,000.
Other hedge funds have also recently made changes to their positions in the company. Russell Investments Group Ltd. bought a new position in Murphy Oil Corporation during the fourth quarter worth $2,666,000. Bessemer Group Inc. bought a new position in Murphy Oil Corporation during the fourth quarter worth $1,076,000. Dimensional Fund Advisors LP increased its position in Murphy Oil Corporation by 18.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,768,877 shares of the oil and gas producer’s stock worth $86,202,000 after buying an additional 438,440 shares during the period. Asset Management One Co. Ltd. increased its position in Murphy Oil Corporation by 258.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 283,007 shares of the oil and gas producer’s stock worth $8,817,000 after buying an additional 204,081 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new position in Murphy Oil Corporation during the fourth quarter worth $512,000. 96.55% of the stock is currently owned by institutional investors.
Shares of Murphy Oil Corporation (NYSE:MUR) traded down 0.80% during midday trading on Wednesday, reaching $24.65. 3,761,763 shares of the company were exchanged. The company’s market capitalization is $4.25 billion. The stock has a 50-day moving average price of $25.60 and a 200 day moving average price of $28.34. Murphy Oil Corporation has a 52-week low of $23.61 and a 52-week high of $35.19.
Murphy Oil Corporation (NYSE:MUR) last issued its quarterly earnings results on Wednesday, May 3rd. The oil and gas producer reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by $0.01. Murphy Oil Corporation had a negative net margin of 0.89% and a negative return on equity of 2.61%. The business had revenue of $544.70 million during the quarter, compared to analyst estimates of $529.61 million. During the same quarter in the previous year, the firm posted ($0.66) earnings per share. The firm’s quarterly revenue was up 26.6% on a year-over-year basis. Equities research analysts expect that Murphy Oil Corporation will post $0.12 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 1st. Shareholders of record on Monday, May 15th were paid a $0.25 dividend. The ex-dividend date was Thursday, May 11th. This represents a $1.00 annualized dividend and a yield of 4.06%. Murphy Oil Corporation’s payout ratio is currently -999.90%.
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MUR has been the topic of a number of research reports. Zacks Investment Research downgraded shares of Murphy Oil Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, March 2nd. Scotiabank set a $30.00 price target on shares of Murphy Oil Corporation and gave the stock a “hold” rating in a research note on Monday, March 27th. Credit Suisse Group reaffirmed a “hold” rating and issued a $35.00 price target on shares of Murphy Oil Corporation in a research note on Friday, April 7th. Royal Bank Of Canada set a $32.00 price target on shares of Murphy Oil Corporation and gave the stock a “hold” rating in a research note on Tuesday, April 25th. Finally, Barclays PLC upped their price target on shares of Murphy Oil Corporation from $46.00 to $52.00 and gave the stock a “buy” rating in a research note on Monday, April 17th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. Murphy Oil Corporation has an average rating of “Hold” and a consensus target price of $34.89.
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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