Murphy Oil Corporation Just Recorded A Sigfniciant Bearish Options Activity

 Murphy Oil Corporation Just Recorded A Sigfniciant 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 1.04M 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 4.01% above today’s ($30.42) 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 on Monday, June 20 to “Market Perform”. On Tuesday, December 15 the stock rating was initiated by Credit Agricole with “Underperform”. Iberia Capital Partners maintained the shares of MUR in a report on Friday, February 12 with “Sector Perform” rating. As per Tuesday, August 11, the company rating was downgraded by Zacks. The firm earned “Neutral” rating on Wednesday, December 9 by JP Morgan. UBS upgraded Murphy Oil Corporation (NYSE:MUR) rating on Thursday, July 30. UBS has “Neutral” rating and $36 price target. The firm earned “Perform” rating on Friday, July 31 by Oppenheimer. Barclays Capital upgraded the shares of MUR in a report on Wednesday, July 13 to “Overweight” rating. Credit Suisse upgraded the stock to “Neutral” rating in Wednesday, July 22 report. RBC Capital Markets maintained it with “Sector Perform” rating and $45 target price in Friday, July 31 report.

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.
Ftb Advsr holds 0.44% or 101,436 shares in its portfolio. Neuberger Berman Grp Incorporated Lc holds 10,283 shares or 0% of its portfolio. Hsbc Holdings Public Ltd Liability holds 88,053 shares or 0.01% of its portfolio. Moreover, Deutsche National Bank Ag has 0.04% invested in Murphy Oil Corporation (NYSE:MUR) for 1.69M shares. Tiaa Cref Mgmt Lc owns 400,065 shares or 0.01% of their US portfolio. Fjarde Ap accumulated 31,272 shares or 0.02% of the stock. Kcg last reported 20,888 shares in the company. Moreover, Commercial Bank Of New York Mellon Corp has 0.02% invested in Murphy Oil Corporation (NYSE:MUR) for 2.06M shares. Dekabank Deutsche Girozentrale has 5,444 shares for 0% of their US portfolio. Ig Limited last reported 5,005 shares in the company. Cornerstone Capital Mngmt Ltd Liability last reported 0.05% of its portfolio in the stock. Da Davidson And last reported 1,600 shares in the company. Lmr Prtn Llp accumulated 18,200 shares or 0.09% of the stock. The Illinois-based Balyasny Asset Mngmt Ltd Liability has invested 0.13% in Murphy Oil Corporation (NYSE:MUR). Teachers Advisors holds 0.01% of its portfolio in Murphy Oil Corporation (NYSE:MUR) for 199,532 shares.

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

Murphy Oil Corporation is an oil and gas exploration and production company. The company has a market cap of $5.32 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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