Gabelli Funds LLC lowered its stake in shares of Murphy Oil Corporation (NYSE:MUR) by 5.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 75,000 shares of the oil and gas producer’s stock after selling 4,000 shares during the period. Gabelli Funds LLC’s holdings in Murphy Oil Corporation were worth $1,992,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Wedge Capital Management L L P NC boosted its holdings in Murphy Oil Corporation by 4.4% in the 3rd quarter. Wedge Capital Management L L P NC now owns 6,207,620 shares of the oil and gas producer’s stock worth $164,874,000 after buying an additional 260,467 shares during the period. Dupont Capital Management Corp boosted its holdings in Murphy Oil Corporation by 31.5% in the 3rd quarter. Dupont Capital Management Corp now owns 57,700 shares of the oil and gas producer’s stock worth $1,533,000 after buying an additional 13,809 shares during the period. Canada Pension Plan Investment Board boosted its holdings in Murphy Oil Corporation by 2,659.0% in the 3rd quarter. Canada Pension Plan Investment Board now owns 287,210 shares of the oil and gas producer’s stock worth $7,628,000 after buying an additional 276,800 shares during the period. Grace & White Inc. NY boosted its holdings in Murphy Oil Corporation by 4.1% in the 3rd quarter. Grace & White Inc. NY now owns 345,464 shares of the oil and gas producer’s stock worth $9,175,000 after buying an additional 13,650 shares during the period. Finally, New York State Teachers Retirement System boosted its holdings in Murphy Oil Corporation by 2.7% in the 3rd quarter. New York State Teachers Retirement System now owns 296,770 shares of the oil and gas producer’s stock worth $7,882,000 after buying an additional 7,844 shares during the period. 98.46% of the stock is owned by institutional investors.

Several research firms recently commented on MUR. ValuEngine raised shares of Murphy Oil Corporation from a “sell” rating to a “hold” rating in a report on Friday, July 28th. 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 issued a $31.00 price objective on shares of Murphy Oil Corporation in a report on Thursday, August 10th. Morgan Stanley raised their price objective on shares of Murphy Oil Corporation from $23.00 to $26.00 and gave the stock an “underweight” rating in a report on Wednesday, October 18th. Finally, Zacks Investment Research downgraded shares of Murphy Oil Corporation from a “buy” rating to a “hold” rating in a report on Monday, October 30th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company. Murphy Oil Corporation presently has an average rating of “Hold” and a consensus target price of $30.27.

In other Murphy Oil Corporation news, Director Robert Madison Murphy sold 6,325 shares of the firm’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $28.55, for a total value of $180,578.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last three months, insiders acquired 76,000 shares of company stock valued at $17,750. Insiders own 6.89% of the company’s stock.

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Murphy Oil Corporation (NYSE:MUR) opened at $28.95 on Tuesday. The company has a quick ratio of 1.60, a current ratio of 1.74 and a debt-to-equity ratio of 0.58. Murphy Oil Corporation has a fifty-two week low of $22.21 and a fifty-two week high of $35.19.

Murphy Oil Corporation (NYSE:MUR) last announced its quarterly earnings results on Wednesday, November 1st. The oil and gas producer reported ($0.03) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.14) by $0.11. Murphy Oil Corporation had a negative net margin of 4.15% and a negative return on equity of 1.25%. The firm had revenue of $498.31 million during the quarter, compared to the consensus estimate of $460.17 million. During the same period last year, the firm earned ($0.18) EPS. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. analysts forecast that Murphy Oil Corporation will post -0.19 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Monday, November 13th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.45%. The ex-dividend date of this dividend is Friday, November 10th. Murphy Oil Corporation’s payout ratio is -196.08%.

About Murphy Oil Corporation

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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