Origin Asset Management LLP maintained its position in Murphy Oil Corporation (NYSE:MUR) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 212,409 shares of the oil and gas producer’s stock at the end of the second quarter. Origin Asset Management LLP owned 0.12% of Murphy Oil Corporation worth $5,444,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Hotchkis & Wiley Capital Management LLC raised its stake in Murphy Oil Corporation by 28.8% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 14,135,770 shares of the oil and gas producer’s stock worth $404,142,000 after purchasing an additional 3,162,750 shares during the period. BlackRock Inc. raised its stake in Murphy Oil Corporation by 3,301.1% during the first quarter. BlackRock Inc. now owns 11,897,582 shares of the oil and gas producer’s stock worth $340,153,000 after purchasing an additional 11,547,767 shares during the period. FMR LLC raised its stake in Murphy Oil Corporation by 0.8% during the first quarter. FMR LLC now owns 11,277,685 shares of the oil and gas producer’s stock worth $322,429,000 after purchasing an additional 94,173 shares during the period. State Street Corp raised its stake in Murphy Oil Corporation by 3.0% during the first quarter. State Street Corp now owns 10,870,682 shares of the oil and gas producer’s stock worth $310,787,000 after purchasing an additional 319,322 shares during the period. Finally, Pzena Investment Management LLC raised its stake in Murphy Oil Corporation by 4.3% during the second quarter. Pzena Investment Management LLC now owns 9,510,782 shares of the oil and gas producer’s stock worth $243,761,000 after purchasing an additional 396,009 shares during the period. 97.68% of the stock is currently owned by institutional investors.

In other Murphy Oil Corporation news, insider Kelli M. Hammock sold 4,000 shares of the business’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 value of $102,520.00. Following the completion of the sale, the insider now directly owns 14,298 shares of the company’s stock, valued at $366,457.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Allan J. Misner sold 3,795 shares of the business’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 transaction of $98,859.75. Following the completion of the sale, the vice president now directly owns 100 shares of the company’s stock, valued at $2,605. The disclosure for this sale can be found here. Insiders own 6.89% of the company’s stock.

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A number of equities analysts have weighed in on the stock. Piper Jaffray Companies set a $23.00 price target on shares of Murphy Oil Corporation and gave the stock a “hold” rating in a research note on Friday, August 25th. ValuEngine downgraded shares of Murphy Oil Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 23rd. BidaskClub downgraded shares of Murphy Oil Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, August 17th. Scotiabank set a $27.00 price target on shares of Murphy Oil Corporation and gave the stock a “hold” rating in a research note on Friday, August 11th. Finally, Cowen and Company set a $30.00 target price on shares of Murphy Oil Corporation and gave the company a “hold” rating in a research note on Wednesday, July 19th. Four investment 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. The company currently has a consensus rating of “Hold” and a consensus target price of $30.82.

Shares of Murphy Oil Corporation (NYSE:MUR) traded up 3.23% during trading on Thursday, hitting $26.17. 635,925 shares of the stock were exchanged. Murphy Oil Corporation has a 12-month low of $22.21 and a 12-month high of $35.19. The stock’s 50 day moving average is $24.63 and its 200-day moving average is $25.84. The stock’s market cap is $4.52 billion.

Murphy Oil Corporation (NYSE:MUR) last posted its earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.11) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.15) by $0.04. The company had revenue of $474.50 million during the quarter, compared to the consensus estimate of $495.03 million. Murphy Oil Corporation had a negative net margin of 1.83% and a negative return on equity of 1.76%. During the same period in the previous year, the firm posted ($0.36) earnings per share. Equities research analysts anticipate that Murphy Oil Corporation will post ($0.29) EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Monday, August 14th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.94%. The ex-dividend date was Thursday, August 10th. Murphy Oil Corporation’s dividend payout ratio is -454.55%.

Murphy Oil Corporation 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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