JPMorgan Chase & Co. grew its stake in Murphy Oil Corporation (NYSE:MUR) by 180.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 344,897 shares of the oil and gas producer’s stock after acquiring an additional 221,743 shares during the period. JPMorgan Chase & Co. owned about 0.20% of Murphy Oil Corporation worth $8,839,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in MUR. UBS Asset Management Americas Inc. raised its stake in shares of Murphy Oil Corporation by 1.8% in the 1st quarter. UBS Asset Management Americas Inc. now owns 586,001 shares of the oil and gas producer’s stock valued at $16,754,000 after acquiring an additional 10,402 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Murphy Oil Corporation by 28.7% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 15,902 shares of the oil and gas producer’s stock valued at $455,000 after acquiring an additional 3,542 shares during the period. Ameriprise Financial Inc. raised its stake in shares of Murphy Oil Corporation by 2.2% in the 1st quarter. Ameriprise Financial Inc. now owns 202,155 shares of the oil and gas producer’s stock valued at $5,778,000 after acquiring an additional 4,324 shares during the period. Ameritas Investment Partners Inc. purchased a new stake in shares of Murphy Oil Corporation in the 1st quarter valued at approximately $111,000. Finally, Mason Street Advisors LLC raised its stake in shares of Murphy Oil Corporation by 1.1% in the 1st quarter. Mason Street Advisors LLC now owns 22,395 shares of the oil and gas producer’s stock valued at $640,000 after acquiring an additional 252 shares during the period. 97.64% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have recently issued reports on MUR. ValuEngine raised shares of Murphy Oil Corporation from a “sell” rating to a “hold” rating in a research note on Friday, July 28th. BidaskClub raised shares of Murphy Oil Corporation from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Zacks Investment Research downgraded shares of Murphy Oil Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Piper Jaffray Companies reissued a “hold” rating and issued a $31.00 price target on shares of Murphy Oil Corporation in a research note on Thursday, August 10th. Finally, Scotiabank set a $26.00 price target on shares of Murphy Oil Corporation and gave the company a “hold” rating in a research note on Saturday, July 1st. Four analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $30.82.

Murphy Oil Corporation (MUR) opened at 26.56 on Friday. Murphy Oil Corporation has a one year low of $22.21 and a one year high of $35.19. The firm’s market cap is $4.58 billion. The company has a 50 day moving average of $24.52 and a 200-day moving average of $25.74.

Murphy Oil Corporation (NYSE:MUR) last posted its quarterly earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.11) EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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 firm had revenue of $474.50 million for the quarter, compared to analyst estimates of $495.03 million. During the same quarter last year, the firm posted ($0.36) earnings per share. On average, equities research analysts predict that Murphy Oil Corporation will post ($0.29) earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Monday, August 14th were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $1.00 annualized dividend and a yield of 3.77%. Murphy Oil Corporation’s payout ratio is -454.55%.

In related news, VP Allan J. Misner sold 3,795 shares of the firm’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 value of $98,859.75. Following the transaction, the vice president now owns 100 shares in the company, valued at $2,605. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Kelli M. Hammock sold 4,000 shares of the firm’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 transaction of $102,520.00. Following the completion of 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. Company insiders own 6.89% of the company’s stock.

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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.

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

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