Fiduciary Trust Co. trimmed its stake in Murphy Oil Corporation (NYSE:MUR) by 0.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,073 shares of the oil and gas producer’s stock after selling 43 shares during the quarter. Fiduciary Trust Co.’s holdings in Murphy Oil Corporation were worth $335,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in MUR. Janney Montgomery Scott LLC bought a new stake in Murphy Oil Corporation in the first quarter worth $318,000. Russell Investments Group Ltd. boosted its holdings in Murphy Oil Corporation by 133.3% in the first quarter. Russell Investments Group Ltd. now owns 197,604 shares of the oil and gas producer’s stock worth $5,650,000 after acquiring an additional 112,895 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD boosted its holdings in Murphy Oil Corporation by 20.2% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 14,626 shares of the oil and gas producer’s stock worth $418,000 after acquiring an additional 2,456 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in Murphy Oil Corporation by 1.1% in the first quarter. Oregon Public Employees Retirement Fund now owns 53,984 shares of the oil and gas producer’s stock worth $1,543,000 after acquiring an additional 600 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its holdings in Murphy Oil Corporation by 5.0% in the first quarter. Canada Pension Plan Investment Board now owns 22,910 shares of the oil and gas producer’s stock worth $655,000 after acquiring an additional 1,089 shares in the last quarter. 97.68% of the stock is currently owned by institutional investors and hedge funds.

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Murphy Oil Corporation (MUR) opened at 23.46 on Friday. The company’s market cap is $4.05 billion. The firm has a 50-day moving average price of $24.70 and a 200-day moving average price of $25.94. Murphy Oil Corporation has a 12-month low of $22.21 and a 12-month high of $35.19.

Murphy Oil Corporation (NYSE:MUR) last issued its quarterly earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.11) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.15) by $0.04. Murphy Oil Corporation had a negative return on equity of 1.76% and a negative net margin of 1.83%. The company had revenue of $474.50 million during the quarter, compared to analysts’ expectations of $495.03 million. During the same quarter in the previous year, the firm posted ($0.36) EPS. On average, analysts forecast that Murphy Oil Corporation will post ($0.27) earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Monday, August 14th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $1.00 dividend on an annualized basis and a yield of 4.26%. Murphy Oil Corporation’s dividend payout ratio is currently -454.55%.

In other Murphy Oil Corporation news, insider Kelli M. Hammock sold 4,000 shares of Murphy Oil Corporation stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $25.63, for a total transaction of $102,520.00. Following the completion of the sale, the insider now owns 14,298 shares of the company’s stock, valued at approximately $366,457.74. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Allan J. Misner sold 3,795 shares of Murphy Oil Corporation stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $26.05, for a total value of $98,859.75. Following the sale, the vice president now directly owns 100 shares of the company’s stock, valued at approximately $2,605. The disclosure for this sale can be found here. Insiders own 6.89% of the company’s stock.

MUR has been the topic of several analyst reports. Piper Jaffray Companies set a $23.00 target price on Murphy Oil Corporation and gave the stock a “hold” rating in a report on Friday, August 25th. Scotiabank set a $27.00 target price on Murphy Oil Corporation and gave the stock a “hold” rating in a report on Friday, August 11th. BidaskClub raised Murphy Oil Corporation from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 14th. Cowen and Company set a $30.00 target price on Murphy Oil Corporation and gave the stock a “hold” rating in a report on Wednesday, July 19th. Finally, Zacks Investment Research downgraded Murphy Oil Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $30.82.

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

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