Westpac Banking Corp held its stake in Murphy Oil Corporation (NYSE:MUR) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,696 shares of the oil and gas producer’s stock at the end of the second quarter. Westpac Banking Corp’s holdings in Murphy Oil Corporation were worth $223,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in MUR. BlackRock Inc. raised its position in shares of Murphy Oil Corporation by 3,301.1% in the 1st quarter. BlackRock Inc. now owns 11,897,582 shares of the oil and gas producer’s stock valued at $340,153,000 after purchasing an additional 11,547,767 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its position in shares of Murphy Oil Corporation by 28.8% in the 1st 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 purchasing an additional 3,162,750 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Murphy Oil Corporation by 76.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,895,083 shares of the oil and gas producer’s stock valued at $139,944,000 after purchasing an additional 2,126,206 shares in the last quarter. AQR Capital Management LLC raised its position in shares of Murphy Oil Corporation by 194.4% in the 1st quarter. AQR Capital Management LLC now owns 1,343,561 shares of the oil and gas producer’s stock valued at $38,412,000 after purchasing an additional 887,174 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Murphy Oil Corporation by 43.4% in the 1st quarter. Bank of New York Mellon Corp now owns 2,741,204 shares of the oil and gas producer’s stock valued at $78,370,000 after purchasing an additional 830,151 shares in the last quarter. 97.64% of the stock is currently owned by institutional investors.

Shares of Murphy Oil Corporation (NYSE:MUR) opened at 25.44 on Monday. The stock has a 50 day moving average price of $24.59 and a 200-day moving average price of $25.81. Murphy Oil Corporation has a one year low of $22.21 and a one year high of $35.19. The company’s market capitalization is $4.39 billion.

Murphy Oil Corporation (NYSE:MUR) last announced its quarterly earnings data 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 the consensus estimate of $495.03 million. During the same quarter last year, the company earned ($0.36) EPS. Equities research analysts predict that Murphy Oil Corporation will post ($0.29) earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Monday, August 14th were given a $0.25 dividend. The ex-dividend date was Thursday, August 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.93%. Murphy Oil Corporation’s dividend payout ratio is currently -454.55%.

In other Murphy Oil Corporation news, VP Allan J. Misner sold 3,795 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $26.05, for a total value of $98,859.75. Following the completion of the sale, the vice president now owns 100 shares in the company, valued at approximately $2,605. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kelli M. Hammock sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $25.63, for a total value 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 disclosure for this sale can be found here. 6.89% of the stock is currently owned by company insiders.

A number of equities analysts have issued reports on the company. Cowen and Company reaffirmed a “hold” rating and issued a $30.00 target price on shares of Murphy Oil Corporation in a research report on Sunday. Piper Jaffray Companies set a $23.00 target price on Murphy Oil Corporation and gave the company a “hold” rating in a research report on Friday, August 25th. ValuEngine lowered Murphy Oil Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, August 23rd. BidaskClub lowered Murphy Oil Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, August 17th. Finally, Scotiabank set a $27.00 target price on Murphy Oil Corporation and gave the company a “hold” rating in a research report on Friday, August 11th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the stock. Murphy Oil Corporation currently has an average rating of “Hold” and an average price target of $30.82.

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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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