What Will Happen to Murphy Oil Corporation Next? The Stock Just Had Huge Bearish Options Activity


 What Will Happen to Murphy Oil Corporation Next? The Stock Just Had Huge 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 669,807 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 3.64% above today’s ($30.53) stock price. Murphy Oil Corporation has been the topic of 22 analyst reports since July 22, 2015 according to StockzIntelligence Inc. Oppenheimer downgraded the stock to “Perform” rating in Friday, July 31 report. The stock of Murphy Oil Corporation (NYSE:MUR) earned “Neutral” rating by JP Morgan on Wednesday, December 9. The rating was maintained by RBC Capital Markets on Friday, July 31 with “Sector Perform”. The firm has “Neutral” rating given on Wednesday, July 22 by Credit Suisse. As per Tuesday, January 12, the company rating was maintained by Barclays Capital. The stock of Murphy Oil Corporation (NYSE:MUR) has “Buy” rating given on Tuesday, August 11 by Zacks. The company was upgraded on Thursday, July 30 by UBS. The company was upgraded on Wednesday, July 13 by Barclays Capital. The rating was initiated by Credit Agricole on Tuesday, December 15 with “Underperform”. The stock has “Sector Perform” rating given by Iberia Capital Partners on Friday, February 12.

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.
Blackrock Management Ltd Liability Corp reported 496,048 shares or 0.02% of all its holdings. Moreover, First Tru Advisors L P has 0.03% invested in Murphy Oil Corporation (NYSE:MUR) for 316,977 shares. Wellington Management Ltd Liability Partnership reported 12,855 shares or 0% of all its holdings. Metropolitan Life Communications Ny has 84,427 shares for 0.02% of their US portfolio. Janus Capital Management Ltd Com last reported 16,198 shares in the company. Nationwide Fund Advsr accumulated 373,501 shares or 0.05% of the stock. Murphy Pohlad Asset Mngmt Ltd Liability holds 0.19% or 7,948 shares in its portfolio. Federated Pa has 74,452 shares for 0.01% of their US portfolio. California State Teachers Retirement Systems last reported 0.02% of its portfolio in the stock. Alliancebernstein Lp has 437,592 shares for 0.01% of their US portfolio. The Texas-based Kanaly Tru has invested 0% in Murphy Oil Corporation (NYSE:MUR). Citadel Ltd Llc has 0% invested in the company for 41,387 shares. Babson Limited Liability Company reported 29,233 shares or 0.02% of all its holdings. Choate Inv Advisors has 11,937 shares for 0% of their US portfolio. Wells Fargo & Mn holds 0% or 209,686 shares in its portfolio.

Insider Transactions: Since May 10, 2016, the stock had 1 buy, and 2 selling transactions for $642,114 net activity. $210,521 worth of shares were sold by MISNER ALLAN J. on Tuesday, May 10. On Monday, August 8 the insider MURPHY ROBERT MADISON bought $889,255. Shares for $36,620 were sold by GARDNER JOHN B on Monday, May 23.

Murphy Oil Corporation is an oil and gas exploration and production company. The company has a market cap of $5.34 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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