Signature Financial Management INC Lifted Murphy Oil Corp (MUR) Holding by $4.10 Million

October 13, 2018 - By Hazel Jackson

Murphy Oil Corporation (NYSE:MUR) LogoInvestors sentiment increased to 1.1 in Q2 2018. Its up 0.11, from 0.99 in 2018Q1. It improved, as 26 investors sold MUR shares while 94 reduced holdings. 43 funds opened positions while 89 raised stakes. 147.50 million shares or 6.29% less from 157.41 million shares in 2018Q1 were reported. Proshare Advsrs invested in 0.01% or 23,243 shares. D E Shaw & Company Inc stated it has 570,403 shares. Moreover, Goldman Sachs Gp Inc has 0.02% invested in Murphy Oil Corporation (NYSE:MUR) for 2.40 million shares. 680 were reported by First Mercantile Company. Cadence Capital Mgmt Limited Liability Corporation invested in 23,879 shares or 0.05% of the stock. Choate Investment Advisors holds 0.02% or 8,621 shares. State Of Tennessee Treasury Department reported 100,000 shares or 0.02% of all its holdings. Employees Retirement Of Ohio invested 0.03% of its portfolio in Murphy Oil Corporation (NYSE:MUR). Van Eck has invested 0% in Murphy Oil Corporation (NYSE:MUR). Price T Rowe Associate Incorporated Md reported 6.22M shares or 0.03% of all its holdings. Numerixs Tech Inc reported 30,900 shares. Advisory Services Limited Liability stated it has 0.04% of its portfolio in Murphy Oil Corporation (NYSE:MUR). Aperio Limited Liability Corp invested in 129,571 shares. Retirement Of Alabama holds 435,442 shares or 0.07% of its portfolio. Thompson Davis Company Inc reported 0.02% in Murphy Oil Corporation (NYSE:MUR).

Signature Financial Management Inc increased its stake in Murphy Oil Corp (MUR) by 88.4% based on its latest 2018Q2 regulatory filing with the SEC. Signature Financial Management Inc bought 124,127 shares as the company’s stock declined 6.85% while stock markets rallied. The hedge fund held 264,550 shares of the oil & gas production company at the end of 2018Q2, valued at $8.94 million, up from 140,423 at the end of the previous reported quarter. Signature Financial Management Inc who had been investing in Murphy Oil Corp for a number of months, seems to be bullish on the $6.19B market cap company. The stock increased 0.90% or $0.32 during the last trading session, reaching $35.78. About 3.62M shares traded or 130.91% up from the average. Murphy Oil Corporation (NYSE:MUR) has risen 28.14% since October 13, 2017 and is uptrending. It has outperformed by 12.52% the S&P500.

More recent Murphy Oil Corporation (NYSE:MUR) news were published by: Benzinga.com which released: “34 Stocks Moving In Thursday’s Mid-Day Session” on October 11, 2018. Also Benzinga.com published the news titled: “44 Biggest Movers From Yesterday” on October 12, 2018. Investorplace.com‘s news article titled: “Why Murphy Oil Stock Is Skyrocketing Today” with publication date: October 11, 2018 was also an interesting one.

Murphy Oil Corporation (NYSE:MUR) Ratings Coverage

Among 8 analysts covering Murphy Oil Corp (NYSE:MUR), 1 have Buy rating, 2 Sell and 5 Hold. Therefore 13% are positive. Murphy Oil Corp had 10 analyst reports since April 22, 2018 according to SRatingsIntel. Barclays Capital maintained it with “Equal-Weight” rating and $36 target in Wednesday, July 11 report. The rating was reinitiated by PiperJaffray on Friday, September 28 with “Neutral”. The company was maintained on Thursday, August 16 by Morgan Stanley. The rating was maintained by Morgan Stanley with “Underweight” on Friday, October 12. The stock of Murphy Oil Corporation (NYSE:MUR) earned “Hold” rating by Piper Jaffray on Sunday, April 22. The rating was maintained by Wells Fargo with “Market Perform” on Friday, August 10. The rating was maintained by Credit Suisse with “Neutral” on Thursday, October 11.

Murphy Oil Corporation (NYSE:MUR) Institutional Positions Chart

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