State of New Jersey Common Pension Fund D Has $4.18 Million Stake in Murphy Oil Corporation (MUR)

State of New Jersey Common Pension Fund D decreased its position in Murphy Oil Corporation (NYSE:MUR) by 12.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 157,200 shares of the oil and gas producer’s stock after selling 22,800 shares during the period. State of New Jersey Common Pension Fund D owned 0.09% of Murphy Oil Corporation worth $4,175,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Laurion Capital Management LP lifted its holdings in shares of Murphy Oil Corporation by 2,553.1% in the 2nd quarter. Laurion Capital Management LP now owns 214,900 shares of the oil and gas producer’s stock worth $5,508,000 after acquiring an additional 206,800 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in shares of Murphy Oil Corporation by 10.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,028,206 shares of the oil and gas producer’s stock worth $26,353,000 after acquiring an additional 93,234 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Murphy Oil Corporation by 18.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 75,962 shares of the oil and gas producer’s stock worth $1,947,000 after acquiring an additional 11,755 shares during the last quarter. LSV Asset Management lifted its holdings in shares of Murphy Oil Corporation by 3.8% in the 2nd quarter. LSV Asset Management now owns 1,130,900 shares of the oil and gas producer’s stock worth $28,984,000 after acquiring an additional 41,663 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in shares of Murphy Oil Corporation by 271.4% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 49,446 shares of the oil and gas producer’s stock worth $1,267,000 after acquiring an additional 36,133 shares during the last quarter. 97.99% of the stock is owned by institutional investors and hedge funds.

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Murphy Oil Corporation (NYSE:MUR) last posted its earnings results on Wednesday, November 1st. The oil and gas producer reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.11. Murphy Oil Corporation had a negative net margin of 4.15% and a negative return on equity of 1.25%. The business had revenue of $498.31 million for the quarter, compared to analysts’ expectations of $460.17 million. During the same period in the previous year, the company posted ($0.18) earnings per share. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Monday, November 13th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, November 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.59%. Murphy Oil Corporation’s payout ratio is currently -196.08%.

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

MUR has been the topic of several recent analyst reports. 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. Scotiabank set a $27.00 price objective on shares of Murphy Oil Corporation and gave the stock a “hold” rating in a report on Friday, August 11th. Cowen and Company restated a “hold” rating and issued a $30.00 price objective on shares of Murphy Oil Corporation in a report on Sunday, September 17th. Zacks Investment Research upgraded shares of Murphy Oil Corporation from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a report on Friday, October 27th. Finally, BidaskClub lowered shares of Murphy Oil Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the stock. Murphy Oil Corporation currently has a consensus rating of “Hold” and an average price target of $30.08.

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.

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

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