Pcj Investment Counsel LTD Boosted Its Owens Corning (OC) Stake by $1.26 Million; As Murphy Oil Com (MUR) Share Price Declined, Grace & White Has Decreased Holding

April 20, 2018 - By Ellis Scott

Murphy Oil Corporation (NYSE:MUR) Logo

Grace & White Inc decreased its stake in Murphy Oil Corp Com (MUR) by 9.64% based on its latest 2017Q4 regulatory filing with the SEC. Grace & White Inc sold 33,308 shares as the company’s stock declined 17.46% with the market. The institutional investor held 312,156 shares of the oil & gas production company at the end of 2017Q4, valued at $9.69 million, down from 345,464 at the end of the previous reported quarter. Grace & White Inc who had been investing in Murphy Oil Corp Com for a number of months, seems to be less bullish one the $5.23B market cap company. The stock decreased 1.24% or $0.38 during the last trading session, reaching $30.21. About 312,548 shares traded. Murphy Oil Corporation (NYSE:MUR) has declined 2.02% since April 20, 2017 and is downtrending. It has underperformed by 13.57% the S&P500.

Pcj Investment Counsel Ltd increased its stake in Owens Corning (OC) by 55.56% based on its latest 2017Q4 regulatory filing with the SEC. Pcj Investment Counsel Ltd bought 13,890 shares as the company’s stock declined 11.77% with the market. The institutional investor held 38,890 shares of the industrial machinery and components company at the end of 2017Q4, valued at $3.58M, up from 25,000 at the end of the previous reported quarter. Pcj Investment Counsel Ltd who had been investing in Owens Corning for a number of months, seems to be bullish on the $8.63 billion market cap company. The stock decreased 1.19% or $0.93 during the last trading session, reaching $77.28. About 200,937 shares traded. Owens Corning (NYSE:OC) has risen 32.24% since April 20, 2017 and is uptrending. It has outperformed by 20.69% the S&P500.

Among 25 analysts covering Owens Corning (NYSE:OC), 15 have Buy rating, 0 Sell and 10 Hold. Therefore 60% are positive. Owens Corning had 77 analyst reports since July 23, 2015 according to SRatingsIntel. Northcoast maintained the stock with “Buy” rating in Monday, January 8 report. As per Tuesday, November 14, the company rating was maintained by RBC Capital Markets. The rating was maintained by Jefferies on Wednesday, July 19 with “Buy”. The stock of Owens Corning (NYSE:OC) earned “Equal Weight” rating by Barclays Capital on Friday, January 6. The rating was maintained by Barclays Capital with “Overweight” on Thursday, October 22. FBR Capital upgraded Owens Corning (NYSE:OC) on Wednesday, July 22 to “Outperform” rating. The rating was maintained by RBC Capital Markets with “Sector Perform” on Thursday, July 23. Goldman Sachs downgraded Owens Corning (NYSE:OC) on Wednesday, April 4 to “Neutral” rating. The stock of Owens Corning (NYSE:OC) earned “Buy” rating by KeyBanc Capital Markets on Thursday, October 12. The firm has “Top Pick” rating given on Monday, December 4 by RBC Capital Markets.

Pcj Investment Counsel Ltd, which manages about $1.51B US Long portfolio, decreased its stake in Royal Bank Of Canada (NYSE:RY) by 249,790 shares to 1.77 million shares, valued at $144.76M in 2017Q4, according to the filing. It also reduced its holding in Cgi Group Class A (NYSE:GIB) by 167,650 shares in the quarter, leaving it with 756,768 shares, and cut its stake in Canadian National Railway (NYSE:CNI).

Investors sentiment decreased to 1.07 in 2017 Q4. Its down 0.19, from 1.26 in 2017Q3. It dived, as 32 investors sold OC shares while 135 reduced holdings. 71 funds opened positions while 107 raised stakes. 99.29 million shares or 1.88% less from 101.20 million shares in 2017Q3 were reported. Foster And Motley Inc holds 0.17% in Owens Corning (NYSE:OC) or 11,276 shares. Envestnet Asset Mngmt reported 66,294 shares stake. Qs Invsts Ltd Co accumulated 0.02% or 21,037 shares. Ingalls & Snyder Limited Liability Corporation invested in 4,425 shares or 0.02% of the stock. Davenport & Lc invested in 5,606 shares. Victory Capital Mgmt holds 2.09 million shares or 0.41% of its portfolio. Prescott Group Capital Mngmt holds 34,701 shares. The Michigan-based Usa Portformulas has invested 0.2% in Owens Corning (NYSE:OC). California Employees Retirement, a California-based fund reported 316,261 shares. Voya Invest Mgmt Limited Liability invested 0.19% in Owens Corning (NYSE:OC). Jefferies Lc invested 0% in Owens Corning (NYSE:OC). Meeder Asset Mgmt has 30,687 shares. Ftb Advsrs reported 646 shares. Moreover, Martingale Asset LP has 0% invested in Owens Corning (NYSE:OC) for 3,016 shares. Sterling Cap Mgmt Ltd Liability Corporation reported 0.04% stake.

Since March 13, 2018, it had 0 insider purchases, and 2 insider sales for $4.93 million activity. $4.84M worth of Owens Corning (NYSE:OC) was sold by Genis Arnaud.

Analysts await Murphy Oil Corporation (NYSE:MUR) to report earnings on May, 2 after the close. They expect $0.24 EPS, up 500.00% or $0.30 from last year’s $-0.06 per share. MUR’s profit will be $41.53M for 31.47 P/E if the $0.24 EPS becomes a reality. After $0.08 actual EPS reported by Murphy Oil Corporation for the previous quarter, Wall Street now forecasts 200.00% EPS growth.

Since February 2, 2018, it had 0 insider purchases, and 1 sale for $965,516 activity.

Grace & White Inc, which manages about $820.58 million and $497.57 million US Long portfolio, upped its stake in Tourmaline Oil Corp Com (TRMLF) by 159,361 shares to 259,580 shares, valued at $4.72 million in 2017Q4, according to the filing.

Investors sentiment increased to 0.91 in Q4 2017. Its up 0.05, from 0.86 in 2017Q3. It increased, as 47 investors sold MUR shares while 92 reduced holdings. 44 funds opened positions while 82 raised stakes. 156.61 million shares or 4.92% less from 164.72 million shares in 2017Q3 were reported. Investors invested in 0.09% or 12.90M shares. Pnc Financial Ser Group reported 51,472 shares or 0% of all its holdings. 27,909 are owned by Walleye Trading. Gideon, New York-based fund reported 17,582 shares. Bartlett & Co Limited Liability Co has 200 shares for 0% of their portfolio. Manchester Cap Mngmt Ltd invested in 80 shares. Fiduciary Co holds 13,047 shares or 0.01% of its portfolio. Barclays Public Limited Company has invested 0% in Murphy Oil Corporation (NYSE:MUR). Marshwinds Advisory owns 23,770 shares. The New Hampshire-based Charter has invested 0.03% in Murphy Oil Corporation (NYSE:MUR). Liberty Mutual Asset Mgmt accumulated 0.04% or 41,180 shares. Great West Life Assurance Can invested 0.01% in Murphy Oil Corporation (NYSE:MUR). Commerce Bancorp holds 0% of its portfolio in Murphy Oil Corporation (NYSE:MUR) for 11,979 shares. Private Ocean Limited Liability invested 0% in Murphy Oil Corporation (NYSE:MUR). South Street Advsrs Ltd Company, a New York-based fund reported 8,600 shares.

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 had 45 analyst reports since July 22, 2015 according to SRatingsIntel. The company was maintained on Friday, September 15 by Cowen & Co. The rating was upgraded by Barclays Capital on Wednesday, July 13 to “Overweight”. The firm earned “Hold” rating on Friday, June 2 by RBC Capital Markets. The rating was maintained by Piper Jaffray with “Hold” on Friday, November 3. As per Wednesday, January 24, the company rating was maintained by Morgan Stanley. The company was downgraded on Tuesday, July 11 by Barclays Capital. On Monday, February 5 the stock rating was maintained by Piper Jaffray with “Hold”. The company was maintained on Tuesday, July 18 by Cowen & Co. On Monday, June 20 the stock rating was upgraded by Raymond James to “Market Perform”. Oppenheimer downgraded the stock to “Perform” rating in Friday, July 31 report.

Murphy Oil Corporation (NYSE:MUR) Institutional Positions Chart

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