Murphy Oil Corporation (MUR) : Wedge Capital Management L L Pnc scooped up 866,216 additional shares in Murphy Oil Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 2, 2016. The investment management firm now holds a total of 5,359,607 shares of Murphy Oil Corporation which is valued at $162,610,476.Murphy Oil Corporation makes up approximately 1.68% of Wedge Capital Management L L Pnc’s portfolio.
Murphy Oil Corporation opened for trading at $29.76 and hit $31.186 on the upside on Friday, eventually ending the session at $30.34, with a gain of 0.26% or 0.08 points. The heightened volatility saw the trading volume jump to 50,16,662 shares. Company has a market cap of $5,220 M.
Other Hedge Funds, Including , Checchi Capital Advisers added MUR to its portfolio by purchasing 3,147 company shares during the most recent quarter which is valued at $95,480. Murphy Oil Corporation makes up approx 0.03% of Checchi Capital Advisers’s portfolio.Great West Life Assurance Co Can boosted its stake in MUR in the latest quarter, The investment management firm added 42,958 additional shares and now holds a total of 198,085 shares of Murphy Oil Corporation which is valued at $7,079,558. Murphy Oil Corporation makes up approx 0.03% of Great West Life Assurance Co Can’s portfolio.Russell Frank Co boosted its stake in MUR in the latest quarter, The investment management firm added 966 additional shares and now holds a total of 359,947 shares of Murphy Oil Corporation which is valued at $12,864,506. Murphy Oil Corporation makes up approx 0.02% of Russell Frank Co’s portfolio. Murphy Pohlad Asset Management added MUR to its portfolio by purchasing 8,323 company shares during the most recent quarter which is valued at $280,152. Murphy Oil Corporation makes up approx 0.21% of Murphy Pohlad Asset Management’s portfolio.
On the company’s financial health, Murphy Oil Corporation reported $-0.66 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 4, 2016. Analyst had a consensus of $-0.68. The company had revenue of $430.30 million for the quarter, compared to analysts expectations of $412.97 million. The company’s revenue was down -53.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.02 EPS.
Many Wall Street Analysts have commented on Murphy Oil Corporation. Company shares were Reiterated by UBS on Apr 28, 2016 to “Neutral”, Firm has raised the Price Target to $ 36 from a previous price target of $19 .Company shares were Reiterated by Barclays on Apr 8, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 27 from a previous price target of $23 .
Murphy Oil Corporation is an oil and gas exploration and production company. The Companys exploration and production business explores for and produces crude oil natural gas and natural gas liquids across the world. This business maintains upstream operating offices in locations including Calgary Alberta and Kuala Lumpur Malaysia. The Companys crude oil condensate and natural gas liquids production as of 2014 averaged 151647 barrels per day. The Company has operations in United States Canada Malaysia and all other countries including Australia Brunei Vietnam Suriname Cameroon and Equatorial Guinea among others. As of December 31 2014 total United States proved reserves were 204.9 million barrels of crude oil 29.1 million barrels of natural gas liquids and 226 billion cubic feet of natural gas. In Canada it owns an interest in three non-operated assets the Hibernia and Terra Nova fields offshore Newfoundland in the Jeanne dArc Basin and Syncrude Canada Ltd.