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 511,838 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 3.33% above today’s ($30.62) stock price. Murphy Oil Corporation has been the topic of 22 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The company was maintained on Friday, February 12 by Iberia Capital Partners. The firm has “Neutral” rating given on Thursday, July 30 by UBS. As per Wednesday, July 22, the company rating was upgraded by Credit Suisse. Barclays Capital upgraded it to “Overweight” rating and $42 target price in Wednesday, July 13 report. The company was maintained on Friday, July 31 by RBC Capital Markets. The firm earned “Underperform” rating on Tuesday, December 15 by Credit Agricole. The firm has “Market Perform” rating by Raymond James given on Monday, June 20. The firm has “Buy” rating given on Tuesday, August 11 by Zacks. Barclays Capital maintained the stock with “Equal Weight” rating in Tuesday, January 12 report. Oppenheimer downgraded the shares of MUR in a report on Friday, July 31 to “Perform” rating.

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.
The Pennsylvania-based Commonwealth Of Pennsylvania Pub School Empls Retrmt Sys has invested 0.01% in Murphy Oil Corporation (NYSE:MUR). Kanaly Trust holds 0% or 294 shares in its portfolio. Aberdeen Asset Mngmt Public Limited Com Uk reported 83,726 shares or 0.01% of all its holdings. Moreover, Aperio Gru Ltd Liability Company has 0.03% invested in Murphy Oil Corporation (NYSE:MUR) for 120,285 shares. Moreover, Texas Permanent School Fund has 0.02% invested in Murphy Oil Corporation (NYSE:MUR) for 52,516 shares. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Invest Management Corp has 14,100 shares for 0.01% of their US portfolio. Moreover, Petrus Lta has 0.1% invested in Murphy Oil Corporation (NYSE:MUR) for 13,438 shares. Mutual Of America Limited Liability Company owns 18,545 shares or 0.01% of their US portfolio. Vanguard Group Inc holds 0.03% or 15.37 million shares in its portfolio. Castleark Management Ltd Liability Corporation last reported 0.1% of its portfolio in the stock. State Treasurer State Of Michigan accumulated 0.01% or 56,201 shares. Schooner Investment Gru Ltd Liability Co, a Pennsylvania-based fund reported 2,500 shares. Henderson Group Public Llc holds 0.01% or 27,328 shares in its portfolio. Assetmark holds 0% of its portfolio in Murphy Oil Corporation (NYSE:MUR) for 3,111 shares. Greenwich Wealth Ltd Liability Company owns 23,255 shares or 0.91% 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 stock or 36,803 shares. $210,521 worth of Murphy Oil Corporation (NYSE:MUR) shares were sold by MISNER ALLAN J.. GARDNER JOHN B had sold 1,246 shares worth $36,620 on Monday, May 23.

Murphy Oil Corporation is an oil and gas exploration and production company. The company has a market cap of $5.35 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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