Janus Capital Management LLC reduced its position in Murphy Oil Corporation (NYSE:MUR) by 87.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 110,486 shares of the oil and gas producer’s stock after selling 784,790 shares during the period. Janus Capital Management LLC’s holdings in Murphy Oil Corporation were worth $3,159,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in MUR. Ameritas Investment Partners Inc. purchased a new stake in shares of Murphy Oil Corporation during the first quarter worth about $111,000. Mn Services Vermogensbeheer B.V. boosted its stake in shares of Murphy Oil Corporation by 4.4% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 4,245 shares of the oil and gas producer’s stock worth $113,000 after buying an additional 178 shares during the period. Koch Industries Inc. purchased a new stake in shares of Murphy Oil Corporation during the first quarter worth about $208,000. Contravisory Investment Management Inc. boosted its stake in shares of Murphy Oil Corporation by 31.7% in the first quarter. Contravisory Investment Management Inc. now owns 7,946 shares of the oil and gas producer’s stock worth $227,000 after buying an additional 1,914 shares during the period. Finally, Laurion Capital Management LP purchased a new stake in shares of Murphy Oil Corporation during the first quarter worth about $232,000. 96.32% of the stock is owned by hedge funds and other institutional investors.

Murphy Oil Corporation (MUR) opened at 25.14 on Tuesday. The firm’s 50-day moving average is $25.29 and its 200 day moving average is $27.98. The company’s market cap is $4.34 billion. Murphy Oil Corporation has a 52-week low of $23.61 and a 52-week high of $35.19.

Murphy Oil Corporation (NYSE:MUR) last released its earnings results on Wednesday, May 3rd. The oil and gas producer reported ($0.06) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.05) by $0.01. Murphy Oil Corporation had a negative return on equity of 2.61% and a negative net margin of 0.89%. The business had revenue of $544.70 million for the quarter, compared to analysts’ expectations of $529.61 million. During the same period in the previous year, the company earned ($0.66) EPS. Murphy Oil Corporation’s quarterly revenue was up 26.6% compared to the same quarter last year. On average, equities research analysts predict that Murphy Oil Corporation will post ($0.09) EPS for the current fiscal year.

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A number of analysts have recently issued reports on MUR shares. Barclays PLC increased their price objective on shares of Murphy Oil Corporation from $46.00 to $52.00 and gave the stock a “buy” rating in a research note on Monday, April 17th. KLR Group started coverage on shares of Murphy Oil Corporation in a research note on Wednesday, May 24th. They issued a “buy” rating and a $41.00 price objective for the company. Scotiabank set a $30.00 price objective on shares of Murphy Oil Corporation and gave the stock a “hold” rating in a research note on Monday, March 27th. Zacks Investment Research cut shares of Murphy Oil Corporation from a “buy” rating to a “hold” rating in a research note on Monday, March 20th. Finally, Credit Suisse Group reaffirmed a “hold” rating and set a $35.00 target price on shares of Murphy Oil Corporation in a research note on Friday, April 7th. Five investment analysts have rated the stock with a sell rating, seven have assigned 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 target price of $31.40.

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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