Todays Report: The Gofen & Glossberg LLC IL reduces its investment in Murphy Oil Corp. (MUR)

The Gofen & Glossberg LLC IL reduces its investment in Murphy Oil Corp. (MUR)

Gofen & Glossberg LLC IL decreased its stake in Murphy Oil Corp. (NYSE:MUR) by 0.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,200 shares of the company’s stock after selling 8 shares during the period. Gofen & Glossberg LLC IL’s holdings in Murphy Oil Corp. were worth $280,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Murphy Oil Corp. by 3.4% in the second quarter. Vanguard Group Inc. now owns 15,366,952 shares of the company’s stock valued at $487,900,000 after buying an additional 499,781 shares during the last quarter. FMR LLC increased its stake in shares of Murphy Oil Corp. by 0.9% in the second quarter. FMR LLC now owns 12,662,404 shares of the company’s stock valued at $402,031,000 after buying an additional 106,862 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its stake in shares of Murphy Oil Corp. by 2.8% in the second quarter. Hotchkis & Wiley Capital Management LLC now owns 10,274,372 shares of the company’s stock valued at $326,211,000 after buying an additional 277,832 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in shares of Murphy Oil Corp. by 5.9% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 5,111,370 shares of the company’s stock valued at $162,286,000 after buying an additional 286,788 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of Murphy Oil Corp. by 1,602.9% in the second quarter. Principal Financial Group Inc. now owns 4,162,682 shares of the company’s stock valued at $132,165,000 after buying an additional 3,918,233 shares during the last quarter. 92.91% of the stock is currently owned by institutional investors.

Shares of Murphy Oil Corp. (NYSE:MUR) traded down 1.66% during mid-day trading on Friday, hitting $30.75. 961,748 shares of the company traded hands. The firm’s market cap is $5.30 billion. The firm has a 50-day moving average price of $28.74 and a 200 day moving average price of $29.12. Murphy Oil Corp. has a 52-week low of $14.30 and a 52-week high of $37.48.

Murphy Oil Corp. (NYSE:MUR) last posted its quarterly earnings results on Wednesday, October 26th. The company reported ($0.18) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.02. Murphy Oil Corp. 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 earned ($0.72) earnings per share. Equities research analysts anticipate that Murphy Oil Corp. will post ($1.31) EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Monday, November 14th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date of this dividend is Wednesday, November 9th. Murphy Oil Corp.’s dividend payout ratio (DPR) is -21.55%.

Several analysts have recently weighed in on MUR shares. Zacks Investment Research raised shares of Murphy Oil Corp. from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a report on Wednesday, October 12th. Nomura reaffirmed a “hold” rating and issued a $28.00 target price on shares of Murphy Oil Corp. in a report on Monday, November 7th. Barclays PLC reaffirmed an “overweight” rating and issued a $42.00 target price on shares of Murphy Oil Corp. in a report on Tuesday, August 2nd. Finally, reaffirmed a “sell” rating on shares of Murphy Oil Corp. in a report on Tuesday, August 16th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $27.11.

Murphy Oil Corp. 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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