Acropolis Investment Management LLC reduced its position in Murphy Oil Corporation (NYSE:MUR) by 37.1% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 28,860 shares of the oil and gas producer’s stock after selling 17,035 shares during the period. Acropolis Investment Management LLC’s holdings in Murphy Oil Corporation were worth $740,000 as of its most recent filing with the SEC.

Other institutional investors have also recently modified their holdings of the company. DnB Asset Management AS boosted its position in shares of Murphy Oil Corporation by 4.0% in the first quarter. DnB Asset Management AS now owns 12,977 shares of the oil and gas producer’s stock valued at $371,000 after buying an additional 500 shares during the period. Horrell Capital Management Inc. boosted its position in shares of Murphy Oil Corporation by 0.4% in the first quarter. Horrell Capital Management Inc. now owns 27,260 shares of the oil and gas producer’s stock valued at $779,000 after buying an additional 100 shares during the period. Capstone Asset Management Co. boosted its position in shares of Murphy Oil Corporation by 2.9% in the first quarter. Capstone Asset Management Co. now owns 27,749 shares of the oil and gas producer’s stock valued at $793,000 after buying an additional 790 shares during the period. Gulf International Bank UK Ltd boosted its position in shares of Murphy Oil Corporation by 1.2% in the first quarter. Gulf International Bank UK Ltd now owns 50,867 shares of the oil and gas producer’s stock valued at $1,454,000 after buying an additional 600 shares during the period. Finally, Contravisory Investment Management Inc. boosted its position in shares of Murphy Oil Corporation by 31.7% in the first quarter. Contravisory Investment Management Inc. now owns 7,946 shares of the oil and gas producer’s stock valued at $227,000 after buying an additional 1,914 shares during the period. Institutional investors own 96.13% of the company’s stock.

Murphy Oil Corporation (MUR) traded up 2.76% during midday trading on Friday, hitting $26.43. The stock had a trading volume of 2,617,529 shares. The firm’s market cap is $4.56 billion. Murphy Oil Corporation has a 52 week low of $23.61 and a 52 week high of $35.19. The firm has a 50 day moving average of $25.29 and a 200 day moving average of $26.90.

Murphy Oil Corporation (NYSE:MUR) last announced its quarterly earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.11) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.04. The firm had revenue of $474.50 million for the quarter, compared to the consensus estimate of $495.03 million. Murphy Oil Corporation had a negative return on equity of 1.76% and a negative net margin of 1.83%. During the same period in the prior year, the company posted ($0.36) earnings per share. Equities research analysts predict that Murphy Oil Corporation will post ($0.37) EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, August 14th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date is Thursday, August 10th. Murphy Oil Corporation’s payout ratio is currently -454.55%.

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Several equities analysts have weighed in on MUR shares. Credit Suisse Group restated an “underperform” rating and set a $34.00 price objective (down from $35.00) on shares of Murphy Oil Corporation in a research note on Friday, May 5th. BidaskClub upgraded Murphy Oil Corporation from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th. Cowen and Company set a $30.00 price objective on Murphy Oil Corporation and gave the company a “hold” rating in a research note on Wednesday, July 19th. Barclays PLC raised their price objective on Murphy Oil Corporation from $46.00 to $52.00 and gave the company a “buy” rating in a research note on Monday, April 17th. Finally, Zacks Investment Research cut Murphy Oil Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $31.50.

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.

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

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