Signature Financial Management Lowers stake in Murphy Oil Corporation (MUR)

Murphy Oil Corporation (MUR) : Signature Financial Management reduced its stake in Murphy Oil Corporation by 0.26% during the most recent quarter end. The investment management company now holds a total of 392,596 shares of Murphy Oil Corporation which is valued at $10,431,276 after selling 1,031 shares in Murphy Oil Corporation , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.Murphy Oil Corporation makes up approximately 4.85% of Signature Financial Management’s portfolio.

Other Hedge Funds, Including , California Public Employees Retirement System boosted its stake in MUR in the latest quarter, The investment management firm added 7,400 additional shares and now holds a total of 812,398 shares of Murphy Oil Corporation which is valued at $21,585,415. Murphy Oil Corporation makes up approx 0.03% of California Public Employees Retirement System’s portfolio.Cibc Asset Management Inc boosted its stake in MUR in the latest quarter, The investment management firm added 337 additional shares and now holds a total of 18,985 shares of Murphy Oil Corporation which is valued at $504,431.Dupont Capital Management Corp boosted its stake in MUR in the latest quarter, The investment management firm added 17,557 additional shares and now holds a total of 341,751 shares of Murphy Oil Corporation which is valued at $9,080,324. Murphy Oil Corporation makes up approx 0.20% of Dupont Capital Management Corp’s portfolio.Hartford Investment Management Co reduced its stake in MUR by selling 550 shares or 1.4% in the most recent quarter. The Hedge Fund company now holds 38,821 shares of MUR which is valued at $1,126,585. Murphy Oil Corporation makes up approx 0.02% of Hartford Investment Management Co’s portfolio.

Murphy Oil Corporation opened for trading at $28.15 and hit $29.25 on the upside on Monday, eventually ending the session at $28.48, with a gain of 2.37% or 0.66 points. The heightened volatility saw the trading volume jump to 37,30,926 shares. Company has a market cap of $4,904 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.

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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