Bank of Montreal Can boosted its stake in Murphy Oil Corporation (NYSE:MUR) by 13.7% during the third quarter, Holdings Channel reports. The fund owned 50,632 shares of the company’s stock after buying an additional 6,117 shares during the period. Bank of Montreal Can’s holdings in Murphy Oil Corporation were worth $1,538,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in MUR. Euclid Advisors LLC acquired a new position in Murphy Oil Corporation during the second quarter worth approximately $104,000. Advisor Group Inc. acquired a new position in Murphy Oil Corporation during the second quarter worth approximately $116,000. Acadian Asset Management LLC acquired a new position in Murphy Oil Corporation during the second quarter worth approximately $132,000. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in Murphy Oil Corporation during the second quarter worth approximately $208,000. Finally, Tower Research Capital LLC TRC raised its position in Murphy Oil Corporation by 32.2% in the second quarter. Tower Research Capital LLC TRC now owns 6,632 shares of the company’s stock worth $210,000 after buying an additional 1,614 shares in the last quarter. 93.76% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Murphy Oil Corporation (NYSE:MUR)

Shares of Murphy Oil Corporation (NYSE:MUR) traded up 0.68% during midday trading on Friday, hitting $31.13. The company’s stock had a trading volume of 1,541,872 shares. The company has a 50-day moving average price of $32.16 and a 200 day moving average price of $29.53. The company’s market cap is $5.36 billion. Murphy Oil Corporation has a 1-year low of $14.30 and a 1-year high of $37.48.

Murphy Oil Corporation (NYSE:MUR) last released its quarterly earnings data on Wednesday, October 26th. The company reported ($0.18) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.20) by $0.02. Murphy Oil Corporation had a negative return on equity of 6.50% and a negative net margin of 39.44%. During the same quarter in the prior year, the business posted ($0.72) EPS. On average, equities research analysts predict that Murphy Oil Corporation will post ($1.35) EPS for the current year.

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MUR has been the topic of a number of recent analyst reports. Zacks Investment Research raised Murphy Oil Corporation from a “hold” rating to a “buy” rating and set a $33.00 price objective on the stock in a research note on Wednesday, October 12th. Barclays PLC restated an “overweight” rating and set a $42.00 target price on shares of Murphy Oil Corporation in a research report on Monday, October 10th. Credit Suisse Group downgraded Murphy Oil Corporation from a “neutral” rating to an “underperform” rating and boosted their target price for the stock from $33.00 to $37.00 in a research report on Wednesday, December 7th. Nomura restated a “hold” rating and set a $28.00 target price on shares of Murphy Oil Corporation in a research report on Monday, November 7th. Finally, RBC Capital Markets restated a “hold” rating and set a $33.00 target price on shares of Murphy Oil Corporation in a research report on Tuesday, January 3rd. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. Murphy Oil Corporation has an average rating of “Hold” and an average price target of $28.20.

Murphy Oil Corporation Company Profile

Murphy Oil Corporation is an oil and gas exploration and production company. The Company’s exploration and production business explores for and produces crude oil, natural gas and natural gas liquids across the world. The Company’s exploration and production activities are subdivided into four geographic segments, including the United States, Canada, Malaysia and all other countries.

5 Day Chart for NYSE:MUR

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