Robeco Institutional Asset Management B.V. Has $4.11 Million Stock Position in Murphy Oil Corporation (NYSE:MUR)

Robeco Institutional Asset Management B.V. lifted its stake in shares of Murphy Oil Corporation (NYSE:MUR - Free Report) by 1,162.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 144,742 shares of the oil and gas producer's stock after acquiring an additional 133,275 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.10% of Murphy Oil worth $4,111,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in MUR. Cerity Partners LLC boosted its stake in Murphy Oil by 18.6% in the 4th quarter. Cerity Partners LLC now owns 9,576 shares of the oil and gas producer's stock worth $304,000 after purchasing an additional 1,503 shares during the period. Foundry Partners LLC lifted its holdings in shares of Murphy Oil by 17.9% in the fourth quarter. Foundry Partners LLC now owns 227,680 shares of the oil and gas producer's stock valued at $6,890,000 after purchasing an additional 34,620 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Murphy Oil by 0.7% during the fourth quarter. Bank of New York Mellon Corp now owns 1,857,702 shares of the oil and gas producer's stock worth $56,214,000 after buying an additional 13,263 shares during the period. Oppenheimer Asset Management Inc. boosted its position in shares of Murphy Oil by 14.2% during the first quarter. Oppenheimer Asset Management Inc. now owns 214,258 shares of the oil and gas producer's stock worth $6,085,000 after buying an additional 26,563 shares during the period. Finally, Proficio Capital Partners LLC bought a new position in shares of Murphy Oil during the fourth quarter worth about $678,000. 78.31% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on MUR. Johnson Rice downgraded Murphy Oil from an "accumulate" rating to a "hold" rating in a research report on Wednesday, May 21st. UBS Group reduced their target price on shares of Murphy Oil from $28.00 to $23.00 and set a "neutral" rating for the company in a report on Monday, April 7th. Scotiabank cut their price target on shares of Murphy Oil from $36.00 to $22.00 and set a "sector perform" rating on the stock in a research report on Friday, April 11th. Mizuho downgraded shares of Murphy Oil from an "outperform" rating to a "neutral" rating and reduced their price objective for the stock from $32.00 to $31.00 in a research note on Tuesday, May 13th. Finally, Morgan Stanley decreased their price objective on Murphy Oil from $27.00 to $26.00 and set an "underweight" rating for the company in a report on Friday, May 23rd. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $29.08.

Murphy Oil Stock Performance

Shares of NYSE:MUR traded down $0.13 on Thursday, hitting $24.49. The company had a trading volume of 843,754 shares, compared to its average volume of 2,346,362. Murphy Oil Corporation has a 1-year low of $18.95 and a 1-year high of $43.02. The stock has a market cap of $3.49 billion, a price-to-earnings ratio of 9.42 and a beta of 1.09. The stock has a 50 day moving average price of $22.41 and a 200 day moving average price of $25.54. The company has a current ratio of 0.76, a quick ratio of 0.69 and a debt-to-equity ratio of 0.28.

Murphy Oil (NYSE:MUR - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The oil and gas producer reported $0.56 EPS for the quarter, beating analysts' consensus estimates of $0.48 by $0.08. The business had revenue of $665.71 million for the quarter, compared to analyst estimates of $684.89 million. Murphy Oil had a net margin of 13.47% and a return on equity of 6.81%. Murphy Oil's quarterly revenue was down 15.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.85 EPS. Analysts expect that Murphy Oil Corporation will post 2.94 EPS for the current year.

Murphy Oil Company Profile

Murphy Oil Corporation, together with its subsidiaries, operates as an oil and gas exploration and production company in the United States, Canada, and internationally. 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.