The Pacer Advisors Inc. Raises Position in Murphy Oil Corporation (MUR)

The Pacer Advisors Inc. Raises Position in Murphy Oil Corporation (MUR)

Pacer Advisors Inc. boosted its stake in Murphy Oil Corporation (NYSE:MUR) by 7.4% during the third quarter, Holdings Channel reports. The institutional investor owned 15,207 shares of the company’s stock after buying an additional 1,052 shares during the period. Pacer Advisors Inc.’s holdings in Murphy Oil Corporation were worth $462,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Euclid Advisors LLC purchased a new position in Murphy Oil Corporation during the second quarter valued at about $104,000. Advisor Group Inc. bought a new stake in shares of Murphy Oil Corporation during the second quarter worth $116,000. Acadian Asset Management LLC bought a new stake in shares of Murphy Oil Corporation during the second quarter worth $132,000. Toronto Dominion Bank raised 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 period. Finally, Kentucky Retirement Systems Insurance Trust Fund bought a new stake in shares of Murphy Oil Corporation during the second quarter worth $208,000. 93.42% of the stock is currently owned by institutional investors and hedge funds.

Shares of Murphy Oil Corporation (NYSE:MUR) traded up 0.29% on Wednesday, hitting $31.24. 2,249,596 shares of the company’s stock were exchanged. The stock’s market cap is $5.38 billion. The company’s 50-day moving average price is $32.30 and its 200 day moving average price is $29.50. Murphy Oil Corporation has a 12-month low of $15.23 and a 12-month high of $37.48.

Murphy Oil Corporation (NYSE:MUR) last announced its quarterly earnings data on Wednesday, October 26th. The company reported ($0.18) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.20) by $0.02. Murphy Oil Corporation had a negative net margin of 39.44% and a negative return on equity of 6.50%. During the same period last year, the business posted ($0.72) EPS. On average, equities analysts predict that Murphy Oil Corporation will post ($1.35) earnings per share for the current fiscal year.

A number of equities research analysts have recently weighed in on MUR shares. Barclays PLC reissued an “overweight” rating and set a $42.00 price objective on shares of Murphy Oil Corporation in a report on Monday, October 10th. Nomura reissued a “hold” rating and set a $28.00 price objective on shares of Murphy Oil Corporation in a report on Monday, November 7th. RBC Capital Markets reissued a “hold” rating and set a $33.00 price objective on shares of Murphy Oil Corporation in a report on Tuesday, January 3rd. Credit Suisse Group lowered shares of Murphy Oil Corporation from a “neutral” rating to an “underperform” rating and boosted their price objective for the company from $33.00 to $37.00 in a report on Wednesday, December 7th. Finally, Zacks Investment Research lowered shares of Murphy Oil Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, October 18th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $28.20.

Murphy Oil Corporation Company Profile

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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