November 28, 2016 - By Ellis Scott · 0 Comments
Murphy Oil Corp (NYSE:MUR) institutional sentiment increased to 1.12 in 2016 Q2. Its up 0.17, from 0.95 in 2016Q1. The ratio improved, as 147 institutional investors increased and started new equity positions, while 155 sold and trimmed positions in Murphy Oil Corp. The institutional investors in our partner’s database reported: 156.26 million shares, down from 163.29 million shares in 2016Q1. Also, the number of institutional investors holding Murphy Oil Corp in their top 10 equity positions decreased from 7 to 6 for a decrease of 1. Sold All: 38 Reduced: 117 Increased: 103 New Position: 44.
Murphy Oil Corporation is an oil and gas exploration and production company. The company has a market cap of $5.08 billion. The Company’s exploration and production business explores for and produces crude oil, natural gas and natural gas liquids across the world. It currently has negative earnings. The Company’s exploration and production activities are subdivided into four geographic divisions, including the United States, Canada, Malaysia and all other countries.
About 1.88M shares traded hands. Murphy Oil Corporation (NYSE:MUR) has declined 8.24% since April 25, 2016 and is downtrending. It has underperformed by 14.25% the S&P500.
Analysts await Murphy Oil Corporation (NYSE:MUR) to report earnings on January, 25. They expect $-0.14 earnings per share, up 81.58% or $0.62 from last year’s $-0.76 per share. After $-0.18 actual earnings per share reported by Murphy Oil Corporation for the previous quarter, Wall Street now forecasts -22.22% EPS growth.
According to Zacks Investment Research, “Murphy Oil Corporation is a worldwide oil and gas exploration and production company with refining and marketing operations in the United States and the United Kingdom and crude oil transportation and trading operations in Canada.”
Bancorpsouth Inc holds 15.12% of its portfolio in Murphy Oil Corporation for 4.27 million shares. Bank Of The Ozarks owns 888,458 shares or 10.24% of their US portfolio. Moreover, Signature Financial Management Inc. has 5.85% invested in the company for 392,596 shares. The New York-based Elm Ridge Management Llc has invested 4.22% in the stock. Grace & White Inc Ny, a New York-based fund reported 346,150 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 1 buy, and 0 insider sales for $889,255 net activity.
Ratings analysis reveals 11% of Murphy Oil Corporation’s analysts are positive. Out of 9 Wall Street analysts rating Murphy Oil Corporation, 1 give it “Buy”, 1 “Sell” rating, while 7 recommend “Hold”. The lowest target is $18 while the high is $50. The stock’s average target of $31.64 is 5.47% above today’s ($30) share price. MUR was included in 22 notes of analysts from July 22, 2015. The rating was upgraded by UBS on Thursday, July 30 to “Neutral”. The rating was downgraded by Zacks to “Buy” on Tuesday, August 11. The rating was maintained by RBC Capital Markets with “Sector Perform” on Friday, July 31. The stock of Murphy Oil Corporation (NYSE:MUR) has “Perform” rating given on Friday, July 31 by Oppenheimer. On Tuesday, December 15 the stock rating was initiated by Credit Agricole with “Underperform”. Barclays Capital maintained it with “Equal Weight” rating and $23.0 target price in Tuesday, January 12 report. The firm has “Overweight” rating given on Wednesday, July 13 by Barclays Capital. Iberia Capital Partners maintained it with “Sector Perform” rating and $25 target price in Friday, February 12 report. Credit Suisse upgraded the shares of MUR in a report on Wednesday, July 22 to “Neutral” rating. The rating was upgraded by Raymond James to “Market Perform” on Monday, June 20.
Murphy Oil Corporation, incorporated on June 29, 1964, is an gas and oil 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 divisions, including the United States, Canada, Malaysia and all other countries. The Company’s principal exploration and production activities are conducted in the United States by Murphy Exploration & Production Company-USA (Murphy Expro USA), in Malaysia, Australia, Brunei, Vietnam, and Namibia by Murphy Exploration & Production Company-International (Murphy Expro International) and its subsidiaries, and in Western Canada and offshore Eastern Canada by Murphy Oil Company Ltd. (MOCL) and its subsidiaries. The Company’s crude oil, condensate and natural gas liquids production averages to approximately 136,634 barrels per day.
Another recent and important Murphy Oil Corporation (NYSE:MUR) news was published by Seekingalpha.com which published an article titled: “Time For Murphy Oil Management To Produce” on November 28, 2016.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.
By Ellis Scott