What Could Be Propelling Murphy Oil Corporation to Decrease?


 What Could Be Propelling Murphy Oil Corporation to Decrease?

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 1.19M 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 4.91% above today’s ($30.16) stock price. Murphy Oil Corporation has been the topic of 22 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The firm has “Sector Perform” rating given on Friday, July 31 by RBC Capital Markets. Credit Suisse upgraded it to “Neutral” rating and $47 target price in Wednesday, July 22 report. Iberia Capital Partners maintained Murphy Oil Corporation (NYSE:MUR) rating on Friday, February 12. Iberia Capital Partners has “Sector Perform” rating and $25 price target. The stock of Murphy Oil Corporation (NYSE:MUR) has “Equal Weight” rating given on Tuesday, January 12 by Barclays Capital. The stock has “Neutral” rating given by JP Morgan on Wednesday, December 9. The rating was upgraded by Raymond James on Monday, June 20 to “Market Perform”. UBS upgraded the stock to “Neutral” rating in Thursday, July 30 report. The firm has “Overweight” rating by Barclays Capital given on Wednesday, July 13. The rating was downgraded by Zacks to “Buy” on Tuesday, August 11. On Tuesday, December 15 the stock rating was initiated by Credit Agricole with “Underperform”.

Insitutional Activity: The institutional sentiment decreased to 0.95 in 2016 Q2. 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.
Sumitomo Mitsui Trust last reported 511,628 shares in the company. The New York-based New York Life has invested 0.07% in Murphy Oil Corporation (NYSE:MUR). Peak6 Invests L P has invested 0.03% of its portfolio in Murphy Oil Corporation (NYSE:MUR). The Connecticut-based Euclid Advsrs Limited Liability has invested 0% in Murphy Oil Corporation (NYSE:MUR). Adams Asset Advsrs Ltd holds 1.81% of its portfolio in Murphy Oil Corporation (NYSE:MUR) for 334,156 shares. Moreover, Earnest Prns Limited Com has 0.03% invested in Murphy Oil Corporation (NYSE:MUR) for 89,717 shares. Choate Invest holds 11,937 shares or 0% of its portfolio. Moreover, South State Corporation has 0.17% invested in Murphy Oil Corporation (NYSE:MUR) for 34,765 shares. Allianz Asset Mngmt Ag accumulated 32,197 shares or 0% of the stock. The Colorado-based Advsrs Asset Mngmt has invested 0.22% in Murphy Oil Corporation (NYSE:MUR). Loring Wolcott And Coolidge Fiduciary Advisors Llp Ma holds 1,125 shares or 0% of its portfolio. Lord Abbett & Ltd Com has 0.01% invested in the company for 116,300 shares. Asset Mngmt Inc has invested 0.04% of its portfolio in Murphy Oil Corporation (NYSE:MUR). Price T Rowe Md last reported 0.07% of its portfolio in the stock. Archford Cap Strategies Lc last reported 166 shares in the company.

Insider Transactions: Since May 10, 2016, the stock had 1 insider buy, and 2 insider sales for $642,114 net activity. MISNER ALLAN J. also sold $210,521 worth of Murphy Oil Corporation (NYSE:MUR) shares. MURPHY ROBERT MADISON had bought 36,803 shares worth $889,255. $36,620 worth of Murphy Oil Corporation (NYSE:MUR) shares were sold by GARDNER JOHN B.

Murphy Oil Corporation is an oil and gas exploration and production company. The company has a market cap of $5.27 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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