Arizona State Retirement System raised its position in shares of Murphy Oil Corporation (NYSE:MUR) by 0.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 40,122 shares of the oil and gas producer’s stock after buying an additional 100 shares during the period. Arizona State Retirement System’s holdings in Murphy Oil Corporation were worth $1,147,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Thrivent Financial for Lutherans boosted its stake in shares of Murphy Oil Corporation by 0.9% in the fourth quarter. Thrivent Financial for Lutherans now owns 41,310 shares of the oil and gas producer’s stock worth $1,286,000 after buying an additional 380 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in shares of Murphy Oil Corporation during the fourth quarter worth about $171,000. AQR Capital Management LLC boosted its stake in shares of Murphy Oil Corporation by 8.9% in the fourth quarter. AQR Capital Management LLC now owns 456,387 shares of the oil and gas producer’s stock worth $14,207,000 after buying an additional 37,338 shares during the period. Guggenheim Capital LLC boosted its stake in shares of Murphy Oil Corporation by 73.3% in the fourth quarter. Guggenheim Capital LLC now owns 1,680,945 shares of the oil and gas producer’s stock worth $52,329,000 after buying an additional 710,722 shares during the period. Finally, Hilltop Holdings Inc. boosted its stake in shares of Murphy Oil Corporation by 24.1% in the fourth quarter. Hilltop Holdings Inc. now owns 9,644 shares of the oil and gas producer’s stock worth $301,000 after buying an additional 1,870 shares during the period. 96.55% of the stock is owned by institutional investors.

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

Shares of Murphy Oil Corporation (NYSE:MUR) opened at 25.36 on Friday. Murphy Oil Corporation has a 52-week low of $23.61 and a 52-week high of $35.19. The stock’s market capitalization is $4.38 billion. The stock has a 50 day moving average of $25.66 and a 200 day moving average of $28.50.

Murphy Oil Corporation (NYSE:MUR) last issued 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. The company had revenue of $544.70 million for the quarter, compared to analysts’ expectations of $529.61 million. Murphy Oil Corporation had a negative net margin of 0.89% and a negative return on equity of 2.61%. The firm’s revenue for the quarter was up 26.6% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.66) earnings per share. Analysts forecast that Murphy Oil Corporation will post $0.12 earnings per share for the current year.

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

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Several brokerages have weighed in on MUR. Zacks Investment Research cut shares of Murphy Oil Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, March 2nd. Credit Suisse Group reissued a “hold” rating and set a $35.00 price target on shares of Murphy Oil Corporation in a research report on Friday, April 7th. Barclays PLC increased their price target on shares of Murphy Oil Corporation from $46.00 to $52.00 and gave the company a “buy” rating in a research report on Monday, April 17th. Simmons increased their price target on shares of Murphy Oil Corporation from $31.00 to $33.00 and gave the company a “neutral” rating in a research report on Wednesday, April 19th. Finally, Royal Bank Of Canada set a $32.00 price target on shares of Murphy Oil Corporation and gave the company a “hold” rating in a research report on Tuesday, April 25th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and an average 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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