Cubist Systematic Strategies LLC acquired a new position in Murphy Oil Corporation (NYSE:MUR) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 38,981 shares of the oil and gas producer’s stock, valued at approximately $999,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Earnest Partners LLC boosted its holdings in Murphy Oil Corporation by 1.0% in the second quarter. Earnest Partners LLC now owns 57,686 shares of the oil and gas producer’s stock worth $1,478,000 after purchasing an additional 563 shares during the period. State Street Corp boosted its holdings in Murphy Oil Corporation by 4.6% in the second quarter. State Street Corp now owns 11,373,872 shares of the oil and gas producer’s stock worth $291,513,000 after purchasing an additional 503,190 shares during the period. Gotham Asset Management LLC acquired a new position in Murphy Oil Corporation in the second quarter worth $3,787,000. Lenox Wealth Management Inc. acquired a new position in Murphy Oil Corporation in the second quarter worth $497,000. Finally, Janus Henderson Group PLC boosted its holdings in Murphy Oil Corporation by 23.0% in the second quarter. Janus Henderson Group PLC now owns 36,307 shares of the oil and gas producer’s stock worth $930,000 after purchasing an additional 6,779 shares during the period. 97.64% of the stock is owned by hedge funds and other institutional investors.

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

Murphy Oil Corporation (NYSE MUR) opened at 25.64 on Friday. The stock’s 50 day moving average is $25.33 and its 200 day moving average is $25.70. 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 $4.42 billion.

Murphy Oil Corporation (NYSE:MUR) last released its quarterly earnings data on Wednesday, August 2nd. The oil and gas producer reported ($0.11) earnings per share (EPS) for the quarter, topping the 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 firm had revenue of $474.50 million during the quarter, compared to analyst estimates of $495.03 million. During the same period in the prior year, the company posted ($0.36) earnings per share. On average, equities research analysts expect that Murphy Oil Corporation will post ($0.29) earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Monday, November 13th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, November 10th. This represents a $1.00 annualized dividend and a yield of 3.90%. Murphy Oil Corporation’s dividend payout ratio is currently -454.55%.

A number of equities analysts have commented on the stock. Scotiabank set a $26.00 price objective on shares of Murphy Oil Corporation and gave the stock a “hold” rating in a report on Saturday, July 1st. Zacks Investment Research downgraded shares of Murphy Oil Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Cowen and Company reaffirmed a “hold” rating and issued a $30.00 price objective on shares of Murphy Oil Corporation in a report on Sunday, September 17th. BidaskClub downgraded shares of Murphy Oil Corporation from a “sell” rating to a “strong sell” rating in a report on Saturday, June 24th. Finally, Piper Jaffray Companies set a $23.00 price objective on shares of Murphy Oil Corporation and gave the stock a “hold” rating in a report on Friday, August 25th. 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 stock. The company currently has a consensus rating of “Hold” and a consensus target price of $30.70.

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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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