Murphy Oil Corporation (MUR) : Adams Asset Advisors scooped up 9,104 additional shares in Murphy Oil Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 19, 2016. The investment management firm now holds a total of 334,156 shares of Murphy Oil Corporation which is valued at $10,228,515.Murphy Oil Corporation makes up approximately 1.71% of Adams Asset Advisors’s portfolio.
Other Hedge Funds, Including , Kessler Investment Group reduced its stake in MUR by selling 6,274 shares or 56.51% in the most recent quarter. The Hedge Fund company now holds 4,829 shares of MUR which is valued at $147,816. Murphy Oil Corporation makes up approx 0.20% of Kessler Investment Group’s portfolio. Gradient Investments sold out all of its stake in MUR during the most recent quarter. The investment firm sold 6 shares of MUR which is valued $192.Capstone Asset Management Co reduced its stake in MUR by selling 680 shares or 6.39% in the most recent quarter. The Hedge Fund company now holds 9,959 shares of MUR which is valued at $317,692. Murphy Oil Corporation makes up approx 0.01% of Capstone Asset Management Co’s portfolio.Benjamin F. Edwards Company boosted its stake in MUR in the latest quarter, The investment management firm added 2 additional shares and now holds a total of 960 shares of Murphy Oil Corporation which is valued at $30,624. Murphy Oil Corporation makes up approx 0.01% of Benjamin F. Edwards Company’s portfolio.Exxonmobil Investment Management Inc Tx boosted its stake in MUR in the latest quarter, The investment management firm added 2,525 additional shares and now holds a total of 41,898 shares of Murphy Oil Corporation which is valued at $1,284,593. Murphy Oil Corporation makes up approx 0.03% of Exxonmobil Investment Management Inc Tx’s portfolio.
Murphy Oil Corporation closed down -0.38 points or -1.23% at $30.61 with 26,68,975 shares getting traded on Wednesday. Post opening the session at $30.66, the shares hit an intraday low of $30.04 and an intraday high of $31.32 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
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. Murphy Oil Corporation was Upgraded by Raymond James to ” Mkt Perform” on Jun 20, 2016. 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 .
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.