A Reversal for Murphy Oil Corporation Is Not Near. Professional Options Traders Are Bearish

 A Reversal for Murphy Oil Corporation Is Not Near. Professional Options Traders Are Bearish

In today’s session Murphy Oil Corporation (MUR) recorded an unusually high (7,517) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious MUR decrease. With 7,517 contracts traded and 2364 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: MUR170120P00025000 closed last at: $1.35 or 3.6% down. About 1.42M shares traded hands. Murphy Oil Corporation (NYSE:MUR) has risen 79.27% since March 1, 2016 and is uptrending. It has outperformed by 70.03% the S&P500.

Analysts await Murphy Oil Corporation (NYSE:MUR) to report earnings on October, 26. They expect $-0.15 EPS, up 79.17% or $0.57 from last year’s $-0.72 per share. After $-0.36 actual EPS reported by Murphy Oil Corporation for the previous quarter, Wall Street now forecasts -58.33% EPS growth.

Murphy Oil Corporation (NYSE:MUR) Ratings Coverage

Out of 9 analysts covering Murphy Oil Corporation (NYSE:MUR), 1 rate it a “Buy”, 1 “Sell”, while 7 “Hold”. This means 11% are positive. $50 is the highest target while $18 is the lowest. The $31.64 average target is 5.33% above today’s ($30.04) stock price. Murphy Oil Corporation has been the topic of 22 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The rating was upgraded by Barclays Capital on Wednesday, July 13 to “Overweight”. The stock of Murphy Oil Corporation (NYSE:MUR) earned “Buy” rating by Zacks on Tuesday, August 11. The firm has “Neutral” rating given on Wednesday, December 9 by JP Morgan. As per Friday, July 31, the company rating was downgraded by Oppenheimer. The company was maintained on Tuesday, January 12 by Barclays Capital. The firm has “Sector Perform” rating by RBC Capital Markets given on Friday, July 31. As per Friday, February 12, the company rating was maintained by Iberia Capital Partners. On Wednesday, July 22 the stock rating was upgraded by Credit Suisse to “Neutral”. As per Tuesday, December 15, the company rating was initiated by Credit Agricole. The rating was upgraded by UBS to “Neutral” on Thursday, July 30.

Insitutional Activity: The institutional sentiment decreased to 0.95 in Q2 2016. Its down 0.08, from 1.03 in 2016Q1. The ratio worsened, as 38 funds sold all Murphy Oil Corporation shares owned while 117 reduced positions. 44 funds bought stakes while 103 increased positions. They now own 156.26 million shares or 4.31% less from 163.29 million shares in 2016Q1.
National Bank Of America De holds 0% of its portfolio in Murphy Oil Corporation (NYSE:MUR) for 344,032 shares. Moreover, Employees Retirement Association Of Colorado has 0.01% invested in Murphy Oil Corporation (NYSE:MUR) for 38,482 shares. Connor Clark & Lunn Investment Management accumulated 7,200 shares or 0% of the stock. Pnc Fincl Svcs Grp Inc, a Pennsylvania-based fund reported 62,905 shares. Henderson Grp Incorporated Pcl last reported 0.01% of its portfolio in the stock. The New York-based Elm Ridge Management Limited Liability Company has invested 4.22% in Murphy Oil Corporation (NYSE:MUR). Amica Mutual Ins holds 0.03% or 9,288 shares in its portfolio. Castleark Mgmt Ltd holds 95,890 shares or 0.1% of its portfolio. Old Republic last reported 0.67% of its portfolio in the stock. Peak6 Invs Ltd Partnership has invested 0.03% of its portfolio in Murphy Oil Corporation (NYSE:MUR). Moreover, Credit Suisse Ag has 0.01% invested in Murphy Oil Corporation (NYSE:MUR) for 374,156 shares. Blackrock Fund holds 2.97 million shares or 0.02% of its portfolio. Moreover, Cibc Asset Management Inc has 0% invested in Murphy Oil Corporation (NYSE:MUR) for 18,985 shares. Numeric Investors Ltd Liability Corp has invested 0.01% of its portfolio in Murphy Oil Corporation (NYSE:MUR). National Bank Of New York Mellon Corporation accumulated 0.02% or 2.06M shares.

Insider Transactions: Since May 10, 2016, the stock had 1 insider purchase, and 2 insider sales for $642,114 net activity. The insider GARDNER JOHN B sold 1,246 shares worth $36,620. 36,803 shares with value of $889,255 were bought by MURPHY ROBERT MADISON on Monday, August 8. $210,521 worth of Murphy Oil Corporation (NYSE:MUR) was sold by MISNER ALLAN J..

Murphy Oil Corporation is an oil and gas exploration and production company. The company has a market cap of $5.25 billion. The Company’s exploration and production business explores for and produces crude oil, natural gas and natural gas liquids across the world. It currently has negative earnings. The Company’s exploration and production activities are subdivided into four geographic divisions, including the United States, Canada, Malaysia and all other countries.

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