It Seems Murphy Oil Corporation Will Go Down. Had Bearish Options Activity

 It Seems Murphy Oil Corporation Will Go Down. 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 371,303 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 3.74% above today’s ($30.5) 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 Raymond James to “Market Perform” on Monday, June 20. The rating was initiated by JP Morgan with “Neutral” on Wednesday, December 9. 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 of Murphy Oil Corporation (NYSE:MUR) has “Perform” rating given on Friday, July 31 by Oppenheimer. RBC Capital Markets maintained it with “Sector Perform” rating and $45 target price in Friday, July 31 report. The firm has “Underperform” rating by Credit Agricole given on Tuesday, December 15. Barclays Capital upgraded the stock to “Overweight” rating in Wednesday, July 13 report. The stock of Murphy Oil Corporation (NYSE:MUR) earned “Neutral” rating by Credit Suisse on Wednesday, July 22. The stock has “Buy” rating given by Zacks 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 is negative, 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.
Wells Fargo Mn accumulated 0% or 209,686 shares. Sumitomo Mitsui Asset Mgmt Company Ltd, a Japan-based fund reported 12,250 shares. Oregon Employees Retirement Fund holds 88,122 shares or 0.06% of its portfolio. Mitsubishi Ufj Tru And holds 0.02% or 328,067 shares in its portfolio. Eaton Vance Mgmt has 267,426 shares for 0.02% of their US portfolio. Morgan Stanley has invested 0% of its portfolio in Murphy Oil Corporation (NYSE:MUR). Goldman Sachs Group Incorporated has 1.74M shares for 0.02% of their US portfolio. Creative Planning has 0% invested in the company for 752 shares. Sei Invs has invested 0% of its portfolio in Murphy Oil Corporation (NYSE:MUR). Ibm Retirement Fund holds 16,486 shares or 0.02% of its portfolio. The Pennsylvania-based Nationwide Fund Advisors has invested 0.05% in Murphy Oil Corporation (NYSE:MUR). Advisory Networks Ltd Liability Co holds 0.01% or 725 shares in its portfolio. Victory Capital Mgmt, a Ohio-based fund reported 2,066 shares. Ardevora Asset Llp accumulated 753,700 shares or 1% of the stock. Quantbot Technology L P holds 0.05% of its portfolio in Murphy Oil Corporation (NYSE:MUR) for 14,639 shares.

Insider Transactions: Since May 10, 2016, the stock had 1 buying transaction, and 2 selling transactions for $642,114 net activity. $210,521 worth of Murphy Oil Corporation (NYSE:MUR) was sold by MISNER ALLAN J. on Tuesday, May 10. MURPHY ROBERT MADISON also bought $889,255 worth of Murphy Oil Corporation (NYSE:MUR) shares. Another trade for 1,246 shares valued at $36,620 was sold by GARDNER JOHN B.

Murphy Oil Corporation is an oil and gas exploration and production company. The company has a market cap of $5.33 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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