Laurion Capital Management LP bought a new stake in Murphy Oil Corporation (NYSE:MUR) during the first quarter, Holdings Channel reports. The fund bought 8,100 shares of the oil and gas producer’s stock, valued at approximately $232,000.

A number of other large investors have also recently made changes to their positions in MUR. Hotchkis & Wiley Capital Management LLC boosted 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. FMR LLC boosted its stake in shares of 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 valued at $322,429,000 after buying an additional 94,173 shares during the last quarter. Pzena Investment Management LLC boosted its stake in shares of 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 valued at $260,591,000 after buying an additional 504,058 shares during the last quarter. Wedge Capital Management L L P NC boosted its stake in shares of Murphy Oil Corporation by 14.2% in the first quarter. Wedge Capital Management L L P NC now owns 5,502,335 shares of the oil and gas producer’s stock valued at $157,312,000 after buying an additional 682,653 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Murphy Oil Corporation by 18.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,768,877 shares of the oil and gas producer’s stock valued at $86,202,000 after buying an additional 438,440 shares during the last quarter. 96.55% of the stock is currently owned by hedge funds and other institutional investors.

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

Murphy Oil Corporation (MUR) traded up 4.23% on Friday, hitting $25.36. The company’s stock had a trading volume of 5,663,078 shares. Murphy Oil Corporation has a 1-year low of $23.61 and a 1-year high of $35.19. The company’s market capitalization is $4.38 billion. The company has a 50 day moving average price of $25.66 and a 200-day moving average price of $28.50.

Murphy Oil Corporation (NYSE:MUR) last announced its quarterly earnings data on Wednesday, May 3rd. The oil and gas producer reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by $0.01. Murphy Oil Corporation had a negative net margin of 0.89% and a negative return on equity of 2.61%. The business had revenue of $544.70 million during the quarter, compared to the consensus estimate of $529.61 million. During the same period in the previous year, the business posted ($0.66) earnings per share. Murphy Oil Corporation’s revenue was up 26.6% compared to the same quarter last year. On average, equities analysts forecast that Murphy Oil Corporation will post $0.12 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 1st. Shareholders of record on Monday, May 15th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, May 11th. This represents a $1.00 dividend on an annualized basis and a yield of 3.94%. Murphy Oil Corporation’s payout ratio is presently -999.90%.

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MUR has been the topic of several recent analyst reports. Zacks Investment Research cut Murphy Oil Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, April 4th. Credit Suisse Group reissued an “underperform” rating and set a $34.00 target price (down previously from $35.00) on shares of Murphy Oil Corporation in a report on Friday, May 5th. BidaskClub raised Murphy Oil Corporation from a “strong sell” rating to a “sell” rating in a report on Wednesday. Barclays PLC boosted their target price on Murphy Oil Corporation from $46.00 to $52.00 and gave the stock a “buy” rating in a report on Monday, April 17th. Finally, KLR Group initiated coverage on Murphy Oil Corporation in a report on Wednesday, May 24th. They set a “buy” rating and a $41.00 target price on the stock. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $34.89.

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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