First Manhattan Co. maintained its stake in shares of Murphy Oil Corporation (NYSE:MUR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,040 shares of the oil and gas producer’s stock at the end of the second quarter. First Manhattan Co.’s holdings in Murphy Oil Corporation were worth $206,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of MUR. Hotchkis & Wiley Capital Management LLC raised its stake in shares of Murphy Oil Corporation by 28.8% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 14,135,770 shares of the oil and gas producer’s stock valued at $404,142,000 after buying an additional 3,162,750 shares during the last quarter. BlackRock Inc. raised its stake in Murphy Oil Corporation by 3,301.1% in the first quarter. BlackRock Inc. now owns 11,897,582 shares of the oil and gas producer’s stock worth $340,153,000 after buying an additional 11,547,767 shares during the last quarter. FMR LLC raised its stake in Murphy Oil Corporation by 0.8% in the first quarter. FMR LLC now owns 11,277,685 shares of the oil and gas producer’s stock worth $322,429,000 after buying an additional 94,173 shares during the last quarter. State Street Corp raised its stake in Murphy Oil Corporation by 3.0% in the first quarter. State Street Corp now owns 10,870,682 shares of the oil and gas producer’s stock worth $310,787,000 after buying an additional 319,322 shares during the last quarter. Finally, Pzena Investment Management LLC raised its stake in Murphy Oil Corporation by 5.9% in the first quarter. Pzena Investment Management LLC now owns 9,114,773 shares of the oil and gas producer’s stock worth $260,591,000 after buying an additional 504,058 shares during the last quarter. 96.16% of the stock is owned by institutional investors.

Murphy Oil Corporation (MUR) opened at 25.67 on Friday. The firm’s market cap is $4.43 billion. The stock’s 50 day moving average is $25.45 and its 200 day moving average is $26.72. Murphy Oil Corporation has a 12 month low of $23.61 and a 12 month high of $35.19.

Murphy Oil Corporation (NYSE:MUR) last announced its quarterly earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.11) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.04. Murphy Oil Corporation had a negative return on equity of 1.76% and a negative net margin of 1.83%. The business had revenue of $474.50 million during the quarter, compared to analysts’ expectations of $495.03 million. During the same quarter last year, the business posted ($0.36) earnings per share. On average, equities analysts forecast that Murphy Oil Corporation will post ($0.34) earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, August 14th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date of this dividend is Thursday, August 10th. Murphy Oil Corporation’s dividend payout ratio is currently -454.55%.

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A number of research firms have recently issued reports on MUR. BidaskClub raised shares of Murphy Oil Corporation from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Piper Jaffray Companies reaffirmed a “hold” rating and set a $31.00 target price on shares of Murphy Oil Corporation in a report on Thursday. Scotiabank set a $26.00 target price on shares of Murphy Oil Corporation and gave the stock a “hold” rating in a report on Saturday, July 1st. Royal Bank Of Canada set a $32.00 target price on shares of Murphy Oil Corporation and gave the stock a “hold” rating in a report on Saturday, June 3rd. Finally, ValuEngine raised shares of Murphy Oil Corporation from a “sell” rating to a “hold” rating in a report on Friday, July 28th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the stock. Murphy Oil Corporation presently has a consensus rating of “Hold” and a consensus price target of $31.45.

In other news, VP Allan J. Misner sold 3,795 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $26.05, for a total value of $98,859.75. Following the completion of the transaction, the vice president now owns 100 shares in the company, valued at $2,605. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 6.89% of the company’s stock.

Murphy Oil Corporation Company Profile

Murphy Oil Corporation (Murphy) 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. Its exploration and production activities are subdivided into four geographic segments: the United States, Canada, Malaysia and all other countries.

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

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