Teacher Retirement System of Texas cut its stake in shares of Murphy Oil Co. (NYSE:MUR) by 8.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,248 shares of the oil and gas producer’s stock after selling 3,033 shares during the quarter. Teacher Retirement System of Texas’ holdings in Murphy Oil were worth $1,123,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. Penserra Capital Management LLC bought a new stake in Murphy Oil during the 1st quarter worth approximately $124,000. Legacy Financial Advisors Inc. bought a new stake in Murphy Oil during the 2nd quarter worth approximately $135,000. North Star Investment Management Corp. bought a new stake in Murphy Oil during the 2nd quarter worth approximately $142,000. Jump Trading LLC bought a new stake in Murphy Oil during the 1st quarter worth approximately $200,000. Finally, Sumitomo Mitsui Trust Holdings Inc. bought a new stake in Murphy Oil during the 2nd quarter worth approximately $201,000. 89.59% of the stock is currently owned by institutional investors.

MUR has been the topic of a number of research reports. Wells Fargo & Co reduced their target price on shares of Murphy Oil from $36.00 to $34.00 and set a “market perform” rating on the stock in a report on Friday, August 10th. Mizuho initiated coverage on shares of Murphy Oil in a report on Monday, July 23rd. They set an “underperform” rating and a $36.00 target price on the stock. Zacks Investment Research raised shares of Murphy Oil from a “hold” rating to a “strong-buy” rating and set a $38.00 target price on the stock in a report on Tuesday, July 3rd. Morgan Stanley reduced their target price on shares of Murphy Oil from $26.00 to $24.00 and set a “sell” rating on the stock in a report on Thursday, August 16th. Finally, ValuEngine raised shares of Murphy Oil from a “sell” rating to a “hold” rating in a report on Wednesday, May 2nd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. Murphy Oil currently has a consensus rating of “Hold” and a consensus target price of $33.30.

MUR opened at $30.49 on Wednesday. The company has a market cap of $5.44 billion, a price-to-earnings ratio of -234.85 and a beta of 2.24. Murphy Oil Co. has a fifty-two week low of $22.21 and a fifty-two week high of $35.98. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.35 and a current ratio of 1.46.

Murphy Oil (NYSE:MUR) last issued its quarterly earnings results on Wednesday, August 8th. The oil and gas producer reported $0.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.01. The firm had revenue of $655.15 million for the quarter, compared to the consensus estimate of $623.76 million. Murphy Oil had a negative net margin of 6.19% and a positive return on equity of 2.32%. The company’s revenue for the quarter was up 37.2% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.11) EPS. equities research analysts forecast that Murphy Oil Co. will post 1.64 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 4th. Stockholders of record on Monday, August 13th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, August 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.28%. Murphy Oil’s dividend payout ratio (DPR) is currently -769.23%.

Murphy Oil Profile

Murphy Oil Corporation operates as an oil and gas exploration and production company worldwide. It explores for and produces crude oil, natural gas, and natural gas liquids. The company was formerly known as Murphy Corporation and changed its name to Murphy Oil Corporation in 1964. Murphy Oil Corporation was founded in 1950 and is headquartered in El Dorado, Arkansas.

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

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