California State Teachers Retirement System Buys 30,732 Shares of Murphy Oil Corporation $MUR

California State Teachers Retirement System raised its position in shares of Murphy Oil Corporation (NYSE:MUR) by 23.9% in the first quarter, HoldingsChannel.com reports. The firm owned 159,349 shares of the oil and gas producer’s stock after purchasing an additional 30,732 shares during the quarter. California State Teachers Retirement System’s holdings in Murphy Oil were worth $6,573,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its position in shares of Murphy Oil by 3.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 8,171,385 shares of the oil and gas producer’s stock worth $337,081,000 after purchasing an additional 238,326 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Murphy Oil by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,572,610 shares of the oil and gas producer’s stock valued at $174,144,000 after purchasing an additional 143,125 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Murphy Oil by 105.6% during the first quarter. Arrowstreet Capital Limited Partnership now owns 3,310,884 shares of the oil and gas producer’s stock worth $136,574,000 after buying an additional 1,700,498 shares during the period. AQR Capital Management LLC increased its position in shares of Murphy Oil by 8.3% during the third quarter. AQR Capital Management LLC now owns 2,656,394 shares of the oil and gas producer’s stock worth $75,468,000 after buying an additional 204,349 shares during the period. Finally, Bank of America Corp DE raised its stake in Murphy Oil by 33.3% during the third quarter. Bank of America Corp DE now owns 2,056,427 shares of the oil and gas producer’s stock worth $58,423,000 after buying an additional 514,127 shares during the last quarter. Institutional investors own 78.31% of the company’s stock.

Trending Headlines about Murphy Oil

Here are the key news stories impacting Murphy Oil this week:

• Positive Sentiment: Second-quarter revenue rose 33.5% year over year to approximately $926.3 million, exceeding the roughly $888.5 million analyst consensus. Net income attributable to Murphy increased to $232.2 million from $22.3 million a year earlier, while reported diluted EPS reached $1.59 versus $0.16. Murphy Oil Corporation Announces Second Quarter Results
• Positive Sentiment: Production totaled 169,000 barrels of oil equivalent per day, at the upper end of company guidance, indicating solid operational execution. Murphy also reported an oil discovery at the Bubale-1X exploration well offshore Côte d’Ivoire, potentially supporting future production growth. Murphy Oil Q2 Net Income Rises to $232 Million
• Positive Sentiment: The company paid $50 million in quarterly dividends and ended June with approximately $2.48 billion of liquidity, including $480 million in cash, providing financial flexibility.
• Neutral Sentiment: Results were mixed against estimates: Zacks calculated EPS at $1.55 versus its $1.51 consensus, while another consensus measure was $1.57, implying a modest miss. The differing estimates may explain the muted investor reaction despite strong revenue growth. Murphy Oil Tops Q2 Earnings and Revenue Estimates
• Negative Sentiment: Murphy Oil raised its full-year capital-expenditure midpoint from $1.25 billion to $1.55 billion. The additional investment could pressure free cash flow and may be weighing on the stock, even though it is intended to support production and exploration.
• Negative Sentiment: Recent insider activity showed sales of Murphy Oil shares by two senior vice presidents, with no reported insider purchases in the past six months. While not necessarily fundamental, the selling may add to investor caution.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Morgan Stanley dropped their target price on shares of Murphy Oil from $37.00 to $35.00 and set an “underweight” rating on the stock in a report on Monday, June 29th. Roth Capital reaffirmed a “neutral” rating and set a $36.00 price target on shares of Murphy Oil in a research report on Thursday, May 7th. Mizuho upgraded Murphy Oil to a “hold” rating in a report on Friday, July 31st. Barclays lifted their price objective on Murphy Oil from $36.00 to $43.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 26th. Finally, Scotiabank reissued a “sector perform” rating and issued a $44.00 price objective on shares of Murphy Oil in a research note on Wednesday, May 13th. Three investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $38.33.

Murphy Oil Stock Performance

Shares of MUR stock opened at $36.03 on Thursday. The company has a market cap of $5.17 billion, a price-to-earnings ratio of 61.07 and a beta of 0.50. Murphy Oil Corporation has a 52 week low of $21.86 and a 52 week high of $43.34. The company has a quick ratio of 0.77, a current ratio of 0.83 and a debt-to-equity ratio of 0.30. The firm has a 50 day moving average of $36.27 and a 200-day moving average of $36.26.

Murphy Oil (NYSE:MUR) last released its quarterly earnings data on Wednesday, August 5th. The oil and gas producer reported $1.55 earnings per share for the quarter, missing the consensus estimate of $1.57 by ($0.02). Murphy Oil had a net margin of 3.02% and a return on equity of 3.09%. The company had revenue of $926.33 million during the quarter, compared to the consensus estimate of $888.51 million. During the same quarter in the prior year, the firm earned $0.27 EPS. The business’s revenue was up 33.5% compared to the same quarter last year. On average, equities analysts forecast that Murphy Oil Corporation will post 3.13 earnings per share for the current year.

Murphy Oil Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Monday, August 17th. Murphy Oil’s dividend payout ratio (DPR) is presently 237.29%.

Murphy Oil Profile

Murphy Oil Corporation is an independent upstream oil and gas company engaged in the exploration, development and production of crude oil, natural gas and natural gas liquids. The company’s operations encompass conventional onshore and offshore reservoirs, with an emphasis on liquids-rich properties and deepwater assets. Through a combination of proprietary technologies and strategic joint ventures, Murphy Oil seeks to optimize recovery rates and manage its portfolio to balance long-term resource development with operational flexibility.

Murphy Oil’s exploration and production activities are geographically diversified.