BlackRock Fund Advisors has recently announced that it has increased stake in Murphy Oil Corp. (NYSE:MUR) by 1.23%. After grabbing 17.16 million shares, the institutional investor is now in possession of 0.21 million shares of the Energy Company. The new investment brought the stake of investor firm to 11.11% having worth around $731.94 million. Moreover, The Vanguard Group, Inc. increased its share by 0.15 million to have a control over 16.54 million shares. And SSgA Funds Management, Inc. raised its holdings to 74780.0 shares by acquiring 6.77 million shares or 4.38% of the stake.
Murphy Oil Corp. (MUR) concluded trading on Wednesday at a closing price of $38.41, with 3.1 million shares of worth about $119.16 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -9.37% during that period and On Wednesday, January 24 the price saw a gain of about 1.21%. Currently the company’s common shares owned by public are about 155.47M shares, out of which, 146.43M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 69 times over the past 12 months. They bought 753,051 shares in 36 of the transactions. In 33 selling transactions, insiders dumped 441,019 shares.
Vanguard Total Stock Market ETF, iShares Core S&P Mid Cap ETF, and iShares Russell 2000 ETF are the top 3 mutual funds which are holding stakes in Murphy Oil Corp. Vanguard Total Stock Market ETF is currently holding 4.65 million shares of worth totaling $198.34 million. The company recently came buying 3921.0 shares which brought its stake up to 3.01% of the company’s outstanding shares. iShares Core S&P Mid Cap ETF bought 4030.0 shares, after which its hold over company’s outstanding shares expand to 2.89%, leaving 4.46 million shares with the mutual fund that have a worth of about $190.21 million. iShares Russell 2000 ETF, after selling 4.06 million shares, have now control over 2.63% of the stake in the company. It holds 10746.0 shares of worth $173.17 million.
However, the stock later moved at a day high price of 38.68, or with a gain of 1.21%. Stock saw a price change of 1.91% in past 5 days and over the past one month there was a price change of -12.11%. Year-to-date (YTD), MUR shares are showing a performance of -9.96% which decreased to -9.75% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $32.80 but also hit the highest price of $48.47 during that period. The average intraday trading volume for Murphy Oil Corp. shares is 1.70 million. The stock is currently trading -5.64% below its 20-day simple moving average (SMA20), while that difference is down -8.11% for SMA50 and it goes to -7.07% lower than SMA200.
BlackRock Fund Advisors acquired 17.16 million shares of Murphy Oil Corp. having value of about $731.94 million. Data submitted at the U.S SEC by BlackRock Fund Advisors revealed that the firm now holds 0.21 million shares in the company valued at close to $8033758.78, or have control over 1.23% stake in the company. Murphy Oil Corp. (NYSE: MUR) currently have 155.47M outstanding shares and institutions hold larger chunk of about 78.06% of that. Holding of mutual funds in the company is about 43.40% while other institutional holders and individual stake holders have control over 7.28% and 35.37% of the stake respectively.
The stock has a current market capitalization of $5.93B and its 3Y-monthly beta is at 2.22. PE ratio of stock for trailing 12 months is 8.11, while it has posted earnings per share of $4.74 in the same period. It has Quick Ratio of 0.93 while making debt-to-equity ratio of 0.45. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for MUR, volatility over the week remained 1.92% while standing at 2.24% over the month.
Analysts are in expectations that Murphy Oil Corp. (MUR) stock would likely to be making an EPS of $1 in the current quarter, while forecast for next quarter EPS is $1.03 and it is $4.75 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.7 which is $1.45 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $1.1 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -17.02% while it is estimated to decrease by -1.17% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by KeyBanc Capital Markets on July 11, 2023 offering an Overweight rating for the stock and assigned a target price of $47 to it.
