Stockman Asset Management Lowers stake in MDU Resources Group Inc (MDU)

MDU Resources Group Inc (MDU) : Stockman Asset Management reduced its stake in MDU Resources Group Inc by 4.13% during the most recent quarter end. The investment management company now holds a total of 181,495 shares of MDU Resources Group Inc which is valued at $4,276,022 after selling 7,821 shares in MDU Resources Group Inc , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.MDU Resources Group Inc makes up approximately 3.24% of Stockman Asset Management’s portfolio.

Other Hedge Funds, Including , Zebra Capital Management sold out all of its stake in MDU during the most recent quarter. The investment firm sold 52,519 shares of MDU which is valued $1,237,348.Rhumbline Advisers boosted its stake in MDU in the latest quarter, The investment management firm added 13,617 additional shares and now holds a total of 310,538 shares of MDU Resources Group Inc which is valued at $7,316,275. MDU Resources Group Inc makes up approx 0.02% of Rhumbline Advisers’s portfolio.Cambridge Investment Research Advisors boosted its stake in MDU in the latest quarter, The investment management firm added 689 additional shares and now holds a total of 21,037 shares of MDU Resources Group Inc which is valued at $497,735. MDU Resources Group Inc makes up approx 0.01% of Cambridge Investment Research Advisors’s portfolio.Stanley-laman Group Ltd. boosted its stake in MDU in the latest quarter, The investment management firm added 629 additional shares and now holds a total of 263,632 shares of MDU Resources Group Inc which is valued at $6,237,533. MDU Resources Group Inc makes up approx 2.38% of Stanley-laman Group Ltd.’s portfolio.

MDU Resources Group Inc opened for trading at $23.72 and hit $23.925 on the upside on Monday, eventually ending the session at $23.62, with a gain of 0.08% or 0.02 points. The heightened volatility saw the trading volume jump to 5,54,632 shares. Company has a market cap of $4,613 M.

On the company’s financial health, MDU Resources Group Inc reported $0.25 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Feb 3, 2016. Analyst had a consensus of $0.27. The company had revenue of $1062.50 million for the quarter, compared to analysts expectations of $1139.90 million. The company’s revenue was down -8.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.38 EPS.

Investors should note that on Aug 11, 2016, MDU Resources Group Inc announced a cash dividend of $0.1875. The company’s management has announced Sep 6, 2016 as the ex-dividend date and fixed the record date on Sep 8, 2016. The payable date has been fixed on Oct 1, 2016.

MDU Resources Group Inc. is a natural resource company. The Company’s segments include electric natural gas distribution pipeline and energy services exploration and production construction materials and contracting and construction services. The electric segment provides electric service at retail. The natural gas distribution segment sells natural gas at retail. The pipeline and energy services segment through WBI Holdings Inc. owns and operates both regulated and nonregulated businesses. The exploration and production segment is involved in the development and production of oil and natural gas resources. The construction materials and contracting segment mines aggregates and markets crushed stone sand gravel and related construction materials. The construction services segment is engaged in constructing and maintaining electric and communication lines gas pipelines fire suppression systems and external lighting and traffic signalization equipment.

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