Gofen & Glossberg LLC IL bought a new stake in Murphy Oil Co. (NYSE:MUR) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 6,700 shares of the oil and gas producer’s stock, valued at approximately $226,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Amundi Pioneer Asset Management Inc. purchased a new position in shares of Murphy Oil in the 4th quarter valued at $4,323,000. Federated Investors Inc. PA grew its position in shares of Murphy Oil by 146.0% in the 1st quarter. Federated Investors Inc. PA now owns 374,259 shares of the oil and gas producer’s stock valued at $9,671,000 after buying an additional 222,100 shares during the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new position in shares of Murphy Oil in the 4th quarter valued at $2,366,000. Willis Investment Counsel grew its position in shares of Murphy Oil by 0.7% in the 1st quarter. Willis Investment Counsel now owns 253,385 shares of the oil and gas producer’s stock valued at $6,547,000 after buying an additional 1,885 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its position in shares of Murphy Oil by 0.4% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 850,351 shares of the oil and gas producer’s stock valued at $21,974,000 after buying an additional 3,802 shares during the last quarter. 95.37% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Murphy Oil stock opened at $33.00 on Friday. Murphy Oil Co. has a 1 year low of $22.21 and a 1 year high of $35.98. The company has a current ratio of 1.51, a quick ratio of 1.40 and a debt-to-equity ratio of 0.62. The firm has a market cap of $5.74 billion, a price-to-earnings ratio of -253.85 and a beta of 2.30.

Murphy Oil (NYSE:MUR) last issued its quarterly earnings data on Wednesday, May 2nd. The oil and gas producer reported $0.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.01. Murphy Oil had a negative net margin of 9.62% and a positive return on equity of 0.58%. The company had revenue of $585.61 million for the quarter, compared to the consensus estimate of $575.76 million. During the same period last year, the firm posted ($0.06) EPS. Murphy Oil’s revenue for the quarter was down 13.5% on a year-over-year basis. research analysts forecast that Murphy Oil Co. will post 1.67 EPS for the current year.

MUR has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded shares of Murphy Oil from a “buy” rating to a “hold” rating in a research report on Wednesday, April 18th. ValuEngine raised shares of Murphy Oil from a “sell” rating to a “hold” rating in a research report on Wednesday, May 2nd. Societe Generale raised shares of Murphy Oil from a “hold” rating to a “buy” rating in a research report on Thursday, March 29th. Barclays raised their price objective on shares of Murphy Oil from $34.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Finally, Morgan Stanley initiated coverage on shares of Murphy Oil in a research report on Thursday. They set an “underweight” rating and a $26.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $31.00.

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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