Murphy Oil Corp (NYSE:MUR).
Baird Financial Group, Inc. bought 423,951 shares in quarter ending 09/30/2017 increasing its stake in Murphy Oil Corp (MUR) by 2,370.0%. Its investment was worth $11,735,000 an increase of 2,462.2% as of quarter end.
Several firms have updated their holdings. As of quarter end Raymond James & Associates had acquired 948 shares growing its stake by 3.9%. The value of the investment in Murphy Oil Corp went from $618,000 to $666,000 a change of $48,000 quarter to quarter. As of the end of the quarter Commonwealth Of Pennsylvania Public School Empls Retrmt SYS had bought a total of 10,351 shares growing its holdings by 65.0%. The value of the investment in MUR increased from $408,000 to $698,000 a change of 71.1% quarter over quarter.
As of quarter end Tredje Ap-fonden had acquired a total of 2,040 shares growing its position 5.5%. The value of the total investment in Murphy Oil Corp increased from $959,000 to $1,048,000 increasing 9.3% since the last quarter.
Equity analyst Morgan Stanley raised the price target on October 18 boosting the projection from $23.00 to $26.00 with a rating of “Underweight”. On September 17 Cowen and Company left the stock rating at “Hold” projecting a price of $30.00.
Equity analyst Piper Jaffray Companies issued a report on MUR stating a rating of “Hold” and establishing a price target of $23.00. On August 11, 2017 Scotiabank released guidance on MUR with a rating of “Hold” and projecting a price target of $27.00.
August 10 investment analysts at Piper Jaffray Companies kept the company rating at “Hold” with a current price target of $31.00.
The company is trading up by 0.07% since yesterday’s close of 27.79. The company currently has a P/E ratio of N/A and the market cap of the company is 4.80B. As of the latest earnings report the EPS was $-0.52 with 172.57M shares now outstanding.
Investors are a little more bullish on shares of the company if you take into consideration the fall in short interest. The firm experienced a fall in short interest between September 29, 2017 and October 13, 2017 of -1.60%. Short interest decreased from 30,513,993 to 30,027,189 over that timeframe. With short interest at 30,027,189 and short average daily volume at 1,394,353, days to cover is 22.0 and the short interest percentage is 0.17% as of October 13.