The Northern Trust Corp Reduces Position in Murphy Oil Corp. (MUR)

The Northern Trust Corp Reduces Position in Murphy Oil Corp. (MUR)

Northern Trust Corp decreased its position in shares of Murphy Oil Corp. (NYSE:MUR) by 2.7% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 2,118,147 shares of the company’s stock after selling 58,037 shares during the period. Northern Trust Corp’s holdings in Murphy Oil Corp. were worth $64,392,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of MUR. Dimensional Fund Advisors LP boosted its position in shares of Murphy Oil Corp. by 15.6% in the second quarter. Dimensional Fund Advisors LP now owns 2,069,990 shares of the company’s stock worth $65,727,000 after buying an additional 279,927 shares in the last quarter. Teacher Retirement System of Texas boosted its position in shares of Murphy Oil Corp. by 12.9% in the second quarter. Teacher Retirement System of Texas now owns 24,205 shares of the company’s stock worth $769,000 after buying an additional 2,772 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Murphy Oil Corp. by 81.4% in the second quarter. JPMorgan Chase & Co. now owns 279,821 shares of the company’s stock worth $8,885,000 after buying an additional 125,562 shares in the last quarter. Neuberger Berman Group LLC purchased a new position in shares of Murphy Oil Corp. during the second quarter worth approximately $326,000. Finally, Investors Capital Advisory Services purchased a new position in shares of Murphy Oil Corp. during the second quarter worth approximately $426,000. 93.42% of the stock is currently owned by hedge funds and other institutional investors.

Murphy Oil Corp. (NYSE:MUR) opened at 31.60 on Friday. The stock’s 50 day moving average price is $32.27 and its 200 day moving average price is $29.51. Murphy Oil Corp. has a 12 month low of $15.23 and a 12 month high of $37.48. The company’s market capitalization is $5.44 billion.

Murphy Oil Corp. (NYSE:MUR) last released its earnings results on Wednesday, October 26th. The company reported ($0.18) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.20) by $0.02. Murphy Oil Corp. had a negative return on equity of 6.50% and a negative net margin of 39.44%. During the same quarter in the prior year, the firm earned ($0.72) EPS. Equities research analysts anticipate that Murphy Oil Corp. will post ($1.35) earnings per share for the current fiscal year.

A number of brokerages have recently commented on MUR. Credit Suisse Group AG cut Murphy Oil Corp. from a “neutral” rating to an “underperform” rating and upped their price target for the company from $33.00 to $37.00 in a research report on Wednesday, December 7th. RBC Capital Markets reissued a “hold” rating and set a $33.00 price objective on shares of Murphy Oil Corp. in a report on Tuesday, January 3rd. Barclays PLC reissued an “overweight” rating and set a $42.00 price objective on shares of Murphy Oil Corp. in a report on Monday, October 10th. Zacks Investment Research raised Murphy Oil Corp. from a “hold” rating to a “buy” rating and set a $33.00 price objective on the stock in a report on Wednesday, October 12th. Finally, Nomura reissued a “hold” rating and set a $28.00 price objective on shares of Murphy Oil Corp. in a report on Monday, November 7th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $28.20.

About Murphy Oil Corp.

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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