LMR Partners LLP Buys Shares of 28,502 Murphy Oil Co. (MUR)

LMR Partners LLP Buys Shares of 28,502 Murphy Oil Co. (MUR)

A number of other institutional investors also recently modified their holdings of the company. Norges Bank bought a new position in shares of Murphy Oil during the fourth quarter worth approximately $58,111,000. Hotchkis & Wiley Capital Management LLC increased its position in shares of Murphy Oil by 9.1% in the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 10,973,020 shares of the oil and gas producer’s stock worth $341,590,000 after buying an additional 910,875 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Murphy Oil by 43.4% in the first quarter. Bank of New York Mellon Corp now owns 2,741,204 shares of the oil and gas producer’s stock worth $78,370,000 after buying an additional 830,151 shares in the last quarter. Guggenheim Capital LLC increased its position in shares of Murphy Oil by 73.3% in the fourth quarter. Guggenheim Capital LLC now owns 1,680,945 shares of the oil and gas producer’s stock worth $52,329,000 after buying an additional 710,722 shares in the last quarter. Finally, Wedge Capital Management L L P NC increased its position in shares of Murphy Oil by 14.2% in the first quarter. Wedge Capital Management L L P NC now owns 5,502,335 shares of the oil and gas producer’s stock worth $157,312,000 after buying an additional 682,653 shares in the last quarter. Institutional investors and hedge funds own 94.77% of the company’s stock.

LMR Partners LLP bought a new position in Murphy Oil Co. (NYSE:MUR) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 28,502 shares of the oil and gas producer’s stock, valued at approximately $815,000.

Murphy Oil Co. (NYSE:MUR) traded down 1.05% during trading on Wednesday, hitting $24.41. 4,570,087 shares of the stock were exchanged. Murphy Oil Co. has a 12 month low of $23.80 and a 12 month high of $35.19. The stock’s 50 day moving average price is $26.58 and its 200 day moving average price is $29.00. The stock’s market cap is $4.21 billion.

Murphy Oil (NYSE:MUR) last announced its earnings results on Wednesday, May 3rd. The oil and gas producer reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.05) by $0.01. Murphy Oil had a negative return on equity of 4.54% and a negative net margin of 14.73%. The business had revenue of $544.70 million for the quarter, compared to analysts’ expectations of $529.61 million. During the same period in the previous year, the company earned ($0.66) earnings per share. Murphy Oil’s quarterly revenue was up 26.6% on a year-over-year basis. Analysts forecast that Murphy Oil Co. will post $0.17 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 1st. Investors of record on Monday, May 15th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.10%. The ex-dividend date is Thursday, May 11th. Murphy Oil’s payout ratio is currently -62.50%.

A number of equities analysts have commented on MUR shares. Barclays PLC upped their target price on shares of Murphy Oil from $46.00 to $52.00 and gave the stock a “buy” rating in a research note on Monday, April 17th. Zacks Investment Research downgraded shares of Murphy Oil from a “buy” rating to a “hold” rating in a research note on Monday, March 20th. Scotiabank restated a “hold” rating and issued a $40.00 target price on shares of Murphy Oil in a research note on Tuesday, March 14th. Credit Suisse Group AG restated a “hold” rating and issued a $35.00 target price on shares of Murphy Oil in a research note on Friday, April 7th. Finally, KLR Group started coverage on shares of Murphy Oil in a research note on Wednesday, May 24th. They issued a “buy” rating and a $41.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $34.89.

About Murphy Oil

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “MUR”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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