Oregon Public Employees Retirement Fund Has $1.34 Million Stake in Murphy Oil Corporation (NYSE:MUR)

Oregon Public Employees Retirement Fund decreased its stake in shares of Murphy Oil Corporation (NYSE:MUR) by 3.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,084 shares of the oil and gas producer’s stock after selling 1,900 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Murphy Oil Corporation were worth $1,335,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Hotchkis & Wiley Capital Management LLC increased its position 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 in the last quarter. BlackRock Inc. increased its position in shares of Murphy Oil Corporation by 3,301.1% in the first quarter. BlackRock Inc. now owns 11,897,582 shares of the oil and gas producer’s stock valued at $340,153,000 after buying an additional 11,547,767 shares in the last quarter. FMR LLC increased its position 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 in the last quarter. State Street Corp increased 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. Finally, Pzena Investment Management LLC increased its position 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 in the last quarter. Institutional investors and hedge funds own 96.68% of the company’s stock.

Shares of Murphy Oil Corporation (MUR) opened at 24.03 on Friday. Murphy Oil Corporation has a 12-month low of $23.61 and a 12-month high of $35.19. The firm’s market capitalization is $4.15 billion. 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 (NYSE:MUR) last issued its earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.11) EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.04. The company had revenue of $474.50 million for the quarter, compared to analysts’ expectations of $495.03 million. Murphy Oil Corporation had a negative net margin of 1.83% and a negative return on equity of 1.76%. During the same quarter last year, the company earned ($0.36) EPS. Equities analysts predict that Murphy Oil Corporation will post ($0.28) EPS for the current year.

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

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Several research analysts have recently issued reports on the stock. Scotiabank set a $27.00 price target on shares of Murphy Oil Corporation and gave the stock a “hold” rating in a report on Friday, August 11th. Credit Suisse Group reiterated an “underperform” rating and set a $34.00 price target (down from $35.00) on shares of Murphy Oil Corporation in a report on Friday, May 5th. Piper Jaffray Companies reiterated a “hold” rating and set a $31.00 price target on shares of Murphy Oil Corporation in a report on Thursday, August 10th. BidaskClub upgraded shares of Murphy Oil Corporation from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 14th. Finally, Cowen and Company set a $30.00 price target on shares of Murphy Oil Corporation and gave the stock a “hold” rating in a report on Wednesday, July 19th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $31.55.

In related news, VP Allan J. Misner sold 3,795 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $26.05, for a total transaction of $98,859.75. Following the transaction, the vice president now owns 100 shares in the company, valued at $2,605. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Kelli M. Hammock sold 4,000 shares of the business’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $25.63, for a total transaction of $102,520.00. Following the transaction, the insider now owns 14,298 shares in the company, valued at approximately $366,457.74. The disclosure for this sale can be found here. Insiders sold 8,795 shares of company stock worth $225,390 in the last 90 days. Corporate 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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