As Murphy Oil Corp (MUR) Share Price Declined, Holder Elm Ridge Management LLC Has Decreased by $3.99 Million Its Holding

January 23, 2018 - By Linda Rogers

Investors sentiment decreased to 0.86 in Q3 2017. Its down 0.25, from 1.11 in 2017Q2. It worsened, as 57 investors sold MUR shares while 100 reduced holdings. 45 funds opened positions while 90 raised stakes. 164.72 million shares or 1.46% less from 167.16 million shares in 2017Q2 were reported. Utd Cap Financial Advisers Lc holds 142,294 shares. 1,490 are held by Smith Asset Mngmt Group Incorporated L P. Dekabank Deutsche Girozentrale accumulated 9,331 shares or 0% of the stock. Price T Rowe Associates Inc Md owns 10.89M shares. Hermes Investment Mngmt Limited reported 17,076 shares. Nj State Employees Deferred Compensation Plan invested in 18,000 shares. New York-based Bluemountain Cap Mngmt Llc has invested 0.06% in Murphy Oil Corporation (NYSE:MUR). Cna Fincl owns 95,712 shares. Tarbox Family Office reported 32 shares. Campbell And Co Investment Adviser Ltd reported 0.34% of its portfolio in Murphy Oil Corporation (NYSE:MUR). Prudential Financial reported 101,949 shares or 0% of all its holdings. Magnetar Ltd Co reported 81,420 shares or 0.05% of all its holdings. Moreover, Old Mutual Customised Solutions (Proprietary) Ltd has 0.01% invested in Murphy Oil Corporation (NYSE:MUR) for 1,600 shares. Toronto Dominion Financial Bank accumulated 6,923 shares. Van Eck Assocs stated it has 0% in Murphy Oil Corporation (NYSE:MUR).

Since August 7, 2017, it had 0 insider purchases, and 2 selling transactions for $201,389 activity. Another trade for 4,000 shares valued at $102,529 was sold by HAMMOCK KELLI M.

Ron Gutfleish decreased its stake in Murphy Oil Corp (MUR) by 36.03% based on its latest 2017Q3 regulatory filing with the SEC. Elm Ridge Management Llc sold 153,523 shares as the company’s stock declined 4.52% while stock markets rallied. The hedge fund run by Ron Gutfleish held 272,583 shares of the oil & gas production company at the end of 2017Q3, valued at $7.24M, down from 426,106 at the end of the previous reported quarter. Elm Ridge Management Llc who had been investing in Murphy Oil Corp for a number of months, seems to be less bullish one the $5.99 billion market cap company. The stock increased 1.11% or $0.38 during the last trading session, reaching $34.68. About 2.34 million shares traded or 1.17% up from the average. Murphy Oil Corporation (NYSE:MUR) has declined 8.71% since January 23, 2017 and is downtrending. It has underperformed by 25.41% the S&P500.

Elm Ridge Management Llc, which manages about $1.38B and $237.62 million US Long portfolio, upped its stake in Denbury Res Inc (NYSE:DNR) by 3.86 million shares to 4.76 million shares, valued at $6.38M in 2017Q3, according to the filing.

Analysts await Murphy Oil Corporation (NYSE:MUR) to report earnings on January, 24. They expect $-0.02 EPS, up 87.50 % or $0.14 from last year’s $-0.16 per share. After $-0.03 actual EPS reported by Murphy Oil Corporation for the previous quarter, Wall Street now forecasts -33.33 % EPS growth.

Another recent and important Murphy Oil Corporation (NYSE:MUR) news was published by Businesswire.com which published an article titled: “Murphy Oil Corporation to Host Fourth Quarter 2017 Conference Call and Webcast” on January 09, 2018.

Murphy Oil Corporation (NYSE:MUR) Ratings Coverage

Among 14 analysts covering Murphy Oil Corporation (NYSE:MUR), 1 have Buy rating, 2 Sell and 11 Hold. Therefore 7% are positive. Murphy Oil Corporation has $50 highest and $18 lowest target. $30.53’s average target is -11.97% below currents $34.68 stock price. Murphy Oil Corporation had 39 analyst reports since July 22, 2015 according to SRatingsIntel. The firm has “Underperform” rating given on Tuesday, December 15 by Credit Agricole. UBS upgraded it to “Neutral” rating and $36 target in Thursday, July 30 report. The rating was maintained by Piper Jaffray on Thursday, August 24 with “Hold”. The company was maintained on Friday, September 15 by Cowen & Co. RBC Capital Markets maintained Murphy Oil Corporation (NYSE:MUR) on Friday, June 2 with “Hold” rating. Piper Jaffray maintained Murphy Oil Corporation (NYSE:MUR) on Friday, November 3 with “Hold” rating. Barclays Capital downgraded it to “Hold” rating and $2900 target in Tuesday, July 11 report. The stock has “Hold” rating by Scotia Capital on Friday, May 5. Credit Suisse downgraded the shares of MUR in report on Wednesday, December 7 to “Underperform” rating. The firm has “Perform” rating given on Friday, July 31 by Oppenheimer.

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