Murphy Oil Corporation $MUR Stock Position Increased by California Public Employees Retirement System

California Public Employees Retirement System raised its position in shares of Murphy Oil Corporation (NYSE:MUR) by 10.1% in the first quarter, HoldingsChannel reports. The firm owned 291,576 shares of the oil and gas producer’s stock after acquiring an additional 26,743 shares during the period. California Public Employees Retirement System’s holdings in Murphy Oil were worth $12,028,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Baron Wealth Management LLC raised its stake in shares of Murphy Oil by 2.6% in the 1st quarter. Baron Wealth Management LLC now owns 12,118 shares of the oil and gas producer’s stock worth $500,000 after buying an additional 304 shares in the last quarter. Parallel Advisors LLC boosted its stake in shares of Murphy Oil by 3.7% during the 4th quarter. Parallel Advisors LLC now owns 11,091 shares of the oil and gas producer’s stock worth $347,000 after acquiring an additional 400 shares in the last quarter. Cetera Investment Advisers raised its holdings in Murphy Oil by 0.9% in the 4th quarter. Cetera Investment Advisers now owns 45,662 shares of the oil and gas producer’s stock worth $1,427,000 after acquiring an additional 401 shares during the period. Empowered Funds LLC increased its stake in shares of Murphy Oil by 0.9% in the fourth quarter. Empowered Funds LLC now owns 49,066 shares of the oil and gas producer’s stock worth $1,533,000 after purchasing an additional 418 shares during the period. Finally, Park Avenue Securities LLC lifted its position in shares of Murphy Oil by 3.1% during the 4th quarter. Park Avenue Securities LLC now owns 13,893 shares of the oil and gas producer’s stock worth $434,000 after purchasing an additional 423 shares during the last quarter. Institutional investors and hedge funds own 78.31% of the company’s stock.

Murphy Oil News Roundup

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

• Positive Sentiment: Zacks Research raised its Q2 2026 EPS estimate for Murphy Oil to $0.98 from $0.80 and lifted FY2026 EPS to $2.85 from $2.69, suggesting better near-term profitability expectations.
• Neutral Sentiment: The firm’s current full-year consensus earnings estimate remains $3.09 per share, so the stock is still being judged against a relatively steady Wall Street benchmark.
• Negative Sentiment: Zacks Research trimmed several longer-dated forecasts, including Q1 2027 EPS to $0.58 from $0.62, Q3 2026 EPS to $0.86 from $0.87, Q3 2027 EPS to $0.81 from $0.83, Q4 2027 EPS to $0.66 from $0.68, Q2 2028 EPS to $0.65 from $0.70, and FY2028 EPS to $2.74 from $2.91, pointing to softer long-term earnings momentum.
• Negative Sentiment: FY2027 EPS estimates were also cut to $2.72 from $2.81, reinforcing the view that analysts see some compression in future profitability for Murphy Oil Corporation (NYSE: MUR).

Murphy Oil Stock Down 1.1%

Shares of MUR stock opened at $38.96 on Friday. The firm has a fifty day moving average of $36.31 and a 200-day moving average of $35.91. The company has a market capitalization of $5.59 billion, a price-to-earnings ratio of 66.04 and a beta of 0.52. The company has a quick ratio of 0.77, a current ratio of 0.83 and a debt-to-equity ratio of 0.30. Murphy Oil Corporation has a 12-month low of $21.86 and a 12-month high of $43.34.

Murphy Oil (NYSE:MUR) last posted its quarterly earnings data on Wednesday, May 6th. The oil and gas producer reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.03. The business had revenue of $732.35 million during the quarter, compared to the consensus estimate of $702.96 million. Murphy Oil had a return on equity of 3.09% and a net margin of 3.02%.Murphy Oil’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period last year, the company earned $0.56 earnings per share. As a group, equities research analysts predict that Murphy Oil Corporation will post 3.11 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MUR has been the subject of several research analyst reports. Mizuho upped their target price on shares of Murphy Oil from $39.00 to $44.00 and gave the company a “neutral” rating in a research note on Wednesday, May 27th. Barclays upped their price objective on shares of Murphy Oil from $36.00 to $43.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 26th. Roth Capital reiterated a “neutral” rating and issued a $36.00 price objective on shares of Murphy Oil in a research report on Thursday, May 7th. KeyCorp upgraded Murphy Oil from a “sector weight” rating to an “overweight” rating and set a $48.00 target price for the company in a research note on Thursday, June 4th. Finally, Wall Street Zen downgraded Murphy Oil from a “buy” rating to a “hold” rating in a report on Saturday, June 27th. Three investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $38.33.

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.