Murphy Oil Corporation’s Stock Is Sell After Today’s Bearish Options Activity

 Murphy Oil Corporation's Stock Is Sell After Today's 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 2.15 million 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 6.07% above today’s ($29.83) stock price. Murphy Oil Corporation has been the topic of 22 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Tuesday, August 11 by Zacks. The company was downgraded on Friday, July 31 by Oppenheimer. Credit Suisse upgraded it to “Neutral” rating and $47 target price in Wednesday, July 22 report. The firm has “Equal Weight” rating given on Tuesday, January 12 by Barclays Capital. Iberia Capital Partners maintained it with “Sector Perform” rating and $25 target price in Friday, February 12 report. Credit Agricole initiated Murphy Oil Corporation (NYSE:MUR) on Tuesday, December 15 with “Underperform” rating. The stock of Murphy Oil Corporation (NYSE:MUR) earned “Market Perform” rating by Raymond James on Monday, June 20. JP Morgan initiated the shares of MUR in a report on Wednesday, December 9 with “Neutral” rating. The stock of Murphy Oil Corporation (NYSE:MUR) has “Overweight” rating given on Wednesday, July 13 by Barclays Capital. The stock of Murphy Oil Corporation (NYSE:MUR) earned “Neutral” rating by UBS on Thursday, July 30.

Insitutional Activity: The institutional sentiment decreased to 0.95 in 2016 Q2. Its down 0.08, from 1.03 in 2016Q1. The ratio fall, 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.
Glenmede Trust Communication Na last reported 2,500 shares in the company. Blackrock Invest Mgmt Limited Co has 496,048 shares for 0.02% of their US portfolio. Guardian Life Insurance Com Of America has invested 0% of its portfolio in Murphy Oil Corporation (NYSE:MUR). Hsbc Public Limited Liability accumulated 88,053 shares or 0.01% of the stock. Financial Bank Of Montreal Can has invested 0% of its portfolio in Murphy Oil Corporation (NYSE:MUR). The Delaware-based Dupont Management Corporation has invested 0.24% in Murphy Oil Corporation (NYSE:MUR). Moreover, Commonwealth Of Pennsylvania Pub School Empls Retrmt System has 0.01% invested in Murphy Oil Corporation (NYSE:MUR) for 14,096 shares. The Connecticut-based Paloma Partners Mngmt has invested 0.01% in Murphy Oil Corporation (NYSE:MUR). Dekabank Deutsche Girozentrale has 5,444 shares for 0% of their US portfolio. Parkside Commercial Bank & Tru accumulated 32 shares or 0% of the stock. Ig Invest Mgmt Ltd has invested 0% of its portfolio in Murphy Oil Corporation (NYSE:MUR). Tower Cap Llc (Trc) has invested 0.02% of its portfolio in Murphy Oil Corporation (NYSE:MUR). The New Jersey-based State Of New Jersey Common Pension Fund D has invested 0.03% in Murphy Oil Corporation (NYSE:MUR). Gofen And Glossberg Limited Com Il holds 0.01% or 9,208 shares in its portfolio. Smith Asset Mngmt Group Ltd Partnership owns 1,840 shares or 0% of their US portfolio.

Insider Transactions: Since May 10, 2016, the stock had 1 insider buy, and 2 insider sales for $642,114 net activity. MURPHY ROBERT MADISON bought $889,255 worth of Murphy Oil Corporation (NYSE:MUR) on Monday, August 8. GARDNER JOHN B had sold 1,246 shares worth $36,620 on Monday, May 23. $210,521 worth of Murphy Oil Corporation (NYSE:MUR) was sold by MISNER ALLAN J. on Tuesday, May 10.

Murphy Oil Corporation is an oil and gas exploration and production company. The company has a market cap of $5.22 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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