Elm Ridge Management buys $16,419,161 stake in Murphy Oil Corporation (MUR)

Murphy Oil Corporation (MUR) : Elm Ridge Management scooped up 27,195 additional shares in Murphy Oil Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 579,568 shares of Murphy Oil Corporation which is valued at $16,419,161.Murphy Oil Corporation makes up approximately 5.41% of Elm Ridge Management’s portfolio.

Other Hedge Funds, Including , Allianz Asset Management Ag boosted its stake in MUR in the latest quarter, The investment management firm added 13,471 additional shares and now holds a total of 45,668 shares of Murphy Oil Corporation which is valued at $1,293,774.Smith Asset Management Group Lp boosted its stake in MUR in the latest quarter, The investment management firm added 110 additional shares and now holds a total of 1,950 shares of Murphy Oil Corporation which is valued at $50,388.California Public Employees Retirement System reduced its stake in MUR by selling 13,500 shares or 1.66% in the most recent quarter. The Hedge Fund company now holds 798,898 shares of MUR which is valued at $23,527,546. Murphy Oil Corporation makes up approx 0.04% of California Public Employees Retirement System’s portfolio.

Murphy Oil Corporation opened for trading at $30.53 and hit $31.34 on the upside on Monday, eventually ending the session at $30.73, with a gain of 1.42% or 0.43 points. The heightened volatility saw the trading volume jump to 38,99,966 shares. Company has a market cap of $5,292 M.

On the company’s financial health, Murphy Oil Corporation reported $-0.18 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Oct 26, 2016. Analyst had a consensus of $-0.20.Analysts expectations of $ 482.24.During the same quarter in the previous year, the company posted $-0.72 EPS.

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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