Could Murphy Oil Corporation Rise More? The Stock Had Bearish Options Activity


 Could Murphy Oil Corporation Rise More? The Stock Had Bearish Options Activity

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 881,174 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 3.64% above today’s ($30.53) stock price. Murphy Oil Corporation has been the topic of 22 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The rating was downgraded by Oppenheimer on Friday, July 31 to “Perform”. The company was maintained on Friday, July 31 by RBC Capital Markets. Barclays Capital maintained the stock with “Equal Weight” rating in Tuesday, January 12 report. UBS upgraded it to “Neutral” rating and $36 target price in Thursday, July 30 report. The stock has “Underperform” rating given by Credit Agricole on Tuesday, December 15. Raymond James upgraded the stock to “Market Perform” rating in Monday, June 20 report. Credit Suisse upgraded Murphy Oil Corporation (NYSE:MUR) on Wednesday, July 22 to “Neutral” rating. The rating was maintained by Iberia Capital Partners with “Sector Perform” on Friday, February 12. The stock of Murphy Oil Corporation (NYSE:MUR) earned “Overweight” rating by Barclays Capital on Wednesday, July 13. The rating was downgraded by Zacks to “Buy” on Tuesday, August 11.

Insitutional Activity: The institutional sentiment decreased to 0.95 in Q2 2016. 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.
Eaton Vance Mgmt reported 267,426 shares or 0.02% of all its holdings. Fmr Ltd Limited Liability Company last reported 12.66 million shares in the company. Point72 Asia (Hong Kong) last reported 3,100 shares in the company. New Mexico Educational Retirement Board reported 18,435 shares or 0.03% of all its holdings. Advisory has 13,425 shares for 0.08% of their US portfolio. Moreover, Castleark Limited Liability Corporation has 0.1% invested in Murphy Oil Corporation (NYSE:MUR) for 95,890 shares. The New York-based Ibm Retirement Fund has invested 0.02% in Murphy Oil Corporation (NYSE:MUR). Dynamic Cap Mngmt Limited reported 15,624 shares or 0.06% of all its holdings. The Japan-based Diam Communications Limited has invested 0.04% in Murphy Oil Corporation (NYSE:MUR). Sumitomo Mitsui Asset Com Ltd has 12,250 shares for 0.01% of their US portfolio. Twin Tree Lp owns 8,446 shares or 0% of their US portfolio. Brandywine Invest Mngmt Ltd Limited Liability Company accumulated 0.11% or 497,695 shares. Gofen Glossberg Lc Il accumulated 9,208 shares or 0.01% of the stock. Schooner Inv Gp Ltd Llc, a Pennsylvania-based fund reported 2,500 shares. Thompson Davis And Incorporated accumulated 0.09% or 1,850 shares.

Insider Transactions: Since May 10, 2016, the stock had 1 buy, and 2 sales for $642,114 net activity. The insider MISNER ALLAN J. sold 7,163 shares worth $210,521. GARDNER JOHN B sold $36,620 worth of stock. On Monday, August 8 MURPHY ROBERT MADISON bought $889,255 worth of the stock or 36,803 shares.

Murphy Oil Corporation is an oil and gas exploration and production company. The company has a market cap of $5.34 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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