Bearish Options Activity on Murphy Oil Corporation After Worse Fundamentals

 Bearish Options Activity on Murphy Oil Corporation After Worse Fundamentals

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 1.60M 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 earnings per share, up 79.17% or $0.57 from last year’s $-0.72 per share. After $-0.36 actual earnings per share 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 5.64% above today’s ($29.95) stock price. Murphy Oil Corporation has been the topic of 22 analyst reports since July 22, 2015 according to StockzIntelligence Inc. On Wednesday, July 22 the stock rating was upgraded by Credit Suisse to “Neutral”. The stock of Murphy Oil Corporation (NYSE:MUR) earned “Neutral” rating by JP Morgan on Wednesday, December 9. Raymond James upgraded Murphy Oil Corporation (NYSE:MUR) on Monday, June 20 to “Market Perform” rating. The company was maintained on Friday, February 12 by Iberia Capital Partners. Zacks downgraded Murphy Oil Corporation (NYSE:MUR) on Tuesday, August 11 to “Buy” rating. The firm has “Equal Weight” rating by Barclays Capital given on Tuesday, January 12. On Friday, July 31 the stock rating was downgraded by Oppenheimer to “Perform”. Barclays Capital upgraded Murphy Oil Corporation (NYSE:MUR) on Wednesday, July 13 to “Overweight” rating. As per Tuesday, December 15, the company rating was initiated by Credit Agricole. The firm has “Sector Perform” rating given on Friday, July 31 by RBC Capital Markets.

Insitutional Activity: The institutional sentiment decreased to 0.95 in 2016 Q2. Its down 0.08, from 1.03 in 2016Q1. The ratio dropped, 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.
Moreover, Pub Sector Pension Invest Board has 0.01% invested in Murphy Oil Corporation (NYSE:MUR) for 30,749 shares. Aviva Public Limited reported 100,303 shares or 0.02% of all its holdings. The Australia-based Westpac Bk has invested 0% in Murphy Oil Corporation (NYSE:MUR). New York State Teachers Retirement Sys last reported 0.02% of its portfolio in the stock. Fmr Ltd Company last reported 0.05% of its portfolio in the stock. The Georgia-based Suntrust Banks has invested 0.01% in Murphy Oil Corporation (NYSE:MUR). Moreover, Cadence Management Limited Company has 0.51% invested in Murphy Oil Corporation (NYSE:MUR) for 214,831 shares. Peak6 Ltd Partnership holds 112,462 shares or 0.03% of its portfolio. M&R Mngmt holds 0% or 35 shares in its portfolio. Moreover, Amp Cap Investors Limited has 0.01% invested in Murphy Oil Corporation (NYSE:MUR) for 48,243 shares. Moreover, Ardevora Asset Mgmt Llp has 1% invested in Murphy Oil Corporation (NYSE:MUR) for 753,700 shares. Moreover, Proshare Lc has 0.01% invested in Murphy Oil Corporation (NYSE:MUR) for 30,343 shares. State Board Of Administration Of Florida Retirement Sys has 0.03% invested in the company for 295,303 shares. State Bank Of The Ozarks holds 10.24% of its portfolio in Murphy Oil Corporation (NYSE:MUR) for 888,458 shares. Bnp Paribas Arbitrage holds 11,681 shares or 0% of its portfolio.

Insider Transactions: Since May 10, 2016, the stock had 1 insider buy, and 2 insider sales for $642,114 net activity. Shares for $36,620 were sold by GARDNER JOHN B on Monday, May 23. On Tuesday, May 10 the insider MISNER ALLAN J. sold $210,521. 36,803 Murphy Oil Corporation (NYSE:MUR) shares with value of $889,255 were bought by MURPHY ROBERT MADISON.

Murphy Oil Corporation is an oil and gas exploration and production company. The company has a market cap of $5.24 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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