NJ State Employees Deferred Compensation Plan Has $461,000 Stake in Murphy Oil Corporation (NYSE:MUR)

NJ State Employees Deferred Compensation Plan held its position in shares of Murphy Oil Corporation (NYSE:MUR) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 18,000 shares of the oil and gas producer’s stock at the end of the second quarter. NJ State Employees Deferred Compensation Plan’s holdings in Murphy Oil Corporation were worth $461,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in MUR. Bank of America Corp DE boosted its position in shares of Murphy Oil Corporation by 14.0% in the first quarter. Bank of America Corp DE now owns 613,099 shares of the oil and gas producer’s stock valued at $17,529,000 after buying an additional 75,164 shares in the last quarter. KBC Group NV boosted its position in shares of Murphy Oil Corporation by 37.2% in the first quarter. KBC Group NV now owns 9,300 shares of the oil and gas producer’s stock valued at $266,000 after buying an additional 2,520 shares in the last quarter. Neuberger Berman Group LLC boosted its position in shares of Murphy Oil Corporation by 1.7% in the first quarter. Neuberger Berman Group LLC now owns 10,200 shares of the oil and gas producer’s stock valued at $292,000 after buying an additional 174 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Murphy Oil Corporation by 35.7% in the first quarter. Wellington Management Group LLP now owns 49,514 shares of the oil and gas producer’s stock valued at $1,415,000 after buying an additional 13,024 shares in the last quarter. Finally, State Street Corp boosted its position in shares of 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 valued at $310,787,000 after buying an additional 319,322 shares in the last quarter. Hedge funds and other institutional investors own 96.68% of the company’s stock.

Murphy Oil Corporation (NYSE:MUR) traded down 0.21% on Friday, reaching $24.03. 2,415,874 shares of the company traded hands. The company has a 50-day moving average price of $25.45 and a 200-day moving average price of $26.46. Murphy Oil Corporation has a 12 month low of $23.61 and a 12 month high of $35.19. The company’s market capitalization is $4.15 billion.

Murphy Oil Corporation (NYSE:MUR) last issued its quarterly earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.11) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.04. Murphy Oil Corporation had a negative net margin of 1.83% and a negative return on equity of 1.76%. The company had revenue of $474.50 million during the quarter, compared to analyst estimates of $495.03 million. During the same period in the prior year, the business posted ($0.36) EPS. Equities research analysts expect that Murphy Oil Corporation will post ($0.28) EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Monday, August 14th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.16%. Murphy Oil Corporation’s payout ratio is currently -454.55%.

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A number of research analysts recently commented on MUR shares. Royal Bank Of Canada set a $32.00 price objective on Murphy Oil Corporation and gave the company a “hold” rating in a report on Tuesday, April 25th. Scotiabank reiterated a “hold” rating and issued a $30.00 price objective on shares of Murphy Oil Corporation in a report on Thursday, May 4th. Credit Suisse Group reissued an “underperform” rating and issued a $34.00 target price (down previously from $35.00) on shares of Murphy Oil Corporation in a research report on Friday, May 5th. KLR Group assumed coverage on Murphy Oil Corporation in a research report on Wednesday, May 24th. They issued a “buy” rating and a $41.00 target price on the stock. Finally, J P Morgan Chase & Co cut their price objective on Murphy Oil Corporation from $31.00 to $30.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 31st. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $31.55.

In related news, insider Kelli M. Hammock sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $25.63, for a total value of $102,520.00. Following the sale, the insider now directly owns 14,298 shares in the company, valued at approximately $366,457.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Allan J. Misner sold 3,795 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $26.05, for a total transaction of $98,859.75. Following the sale, the vice president now owns 100 shares in the company, valued at approximately $2,605. The disclosure for this sale can be found here. Insiders sold a total of 8,795 shares of company stock worth $225,390 over the last quarter. Insiders own 6.89% of the company’s stock.

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.

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

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