Horrell Capital Management Lowers stake in Murphy Oil Corporation (MUR)

Murphy Oil Corporation (MUR) : Horrell Capital Management reduced its stake in Murphy Oil Corporation by 0.51% during the most recent quarter end. The investment management company now holds a total of 26,862 shares of Murphy Oil Corporation which is valued at $746,764 after selling 138 shares in Murphy Oil Corporation , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Murphy Oil Corporation makes up approximately 0.47% of Horrell Capital Management’s portfolio.

Other Hedge Funds, Including , Smith Asset Management Group Lp added MUR to its portfolio by purchasing 1,840 company shares during the most recent quarter which is valued at $51,152.Shell Asset Management Co boosted its stake in MUR in the latest quarter, The investment management firm added 1,957 additional shares and now holds a total of 8,674 shares of Murphy Oil Corporation which is valued at $241,137. Murphy Oil Corporation makes up approx 0.01% of Shell Asset Management Co’s portfolio.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.Nisa Investment Advisors boosted its stake in MUR in the latest quarter, The investment management firm added 5,005 additional shares and now holds a total of 124,334 shares of Murphy Oil Corporation which is valued at $3,978,688. Murphy Oil Corporation makes up approx 0.05% of Nisa Investment Advisors’s portfolio.Gateway Investment Advisers boosted its stake in MUR in the latest quarter, The investment management firm added 151 additional shares and now holds a total of 16,575 shares of Murphy Oil Corporation which is valued at $528,743.

Murphy Oil Corporation opened for trading at $26 and hit $27.7 on the upside on Friday, eventually ending the session at $27.43, with a gain of 3.24% or 0.86 points. The heightened volatility saw the trading volume jump to 52,64,886 shares. Company has a market cap of $4,723 M.

On the company’s financial health, Murphy Oil Corporation reported $-0.36 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $-0.39.Analysts expectations of $ 462.53.During the same quarter in the previous year, the company posted $-0.48 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 Company’s 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 Company’s 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 d’Arc Basin and Syncrude Canada Ltd.

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