Some Traders See Unusual Bullish Options Activity in Murphy Oil Corporation

 Some Traders See Unusual Bullish Options Activity in Murphy Oil Corporation

In today’s session Murphy Oil Corporation (MUR) registered an unusually high (1,258) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the April, 2017 call, expecting serious MUR increase. With 1,258 contracts traded and 754 open interest for the Apr, 17 contract, it seems this is a quite bullish bet. The option with symbol: MUR170421C00030000 closed last at: $2.3 or 11.5% down. About 935,443 shares traded hands. Murphy Oil Corporation (NYSE:MUR) has risen 5.94% since March 30, 2016 and is uptrending. It has outperformed by 2.92% the S&P500.

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 19.49% above today’s ($26.48) stock price. Murphy Oil Corporation has been the topic of 22 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The firm earned “Overweight” rating on Wednesday, July 13 by Barclays Capital. The company was downgraded on Tuesday, August 11 by Zacks. On Tuesday, January 12 the stock rating was maintained by Barclays Capital with “Equal Weight”. The stock of Murphy Oil Corporation (NYSE:MUR) has “Underperform” rating given on Tuesday, December 15 by Credit Agricole. The company was maintained on Friday, July 31 by RBC Capital Markets. As per Friday, February 12, the company rating was maintained by Iberia Capital Partners. The firm has “Neutral” rating by Credit Suisse given on Wednesday, July 22. UBS upgraded the stock to “Neutral” rating in Thursday, July 30 report. The firm earned “Market Perform” rating on Monday, June 20 by Raymond James. The stock of Murphy Oil Corporation (NYSE:MUR) has “Neutral” rating given on Wednesday, December 9 by JP Morgan.

According to Zacks Investment Research, “Murphy Oil Corporation is a worldwide oil and gas exploration and production company with refining and marketing operations in the United States and the United Kingdom and crude oil transportation and trading operations in Canada.”

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.
Moreover, Blackrock Japan has 0.03% invested in Murphy Oil Corporation (NYSE:MUR) for 224,312 shares. Canada Pension Plan Inv Board holds 49,232 shares or 0.01% of its portfolio. Daiwa Securities Gp Inc last reported 3,900 shares in the company. Art Advsr Limited Liability Corp has 74,037 shares for 0.12% of their US portfolio. Gulf National Bank (Uk) Limited has 50,267 shares for 0.03% of their US portfolio. Wells Fargo & Mn has 209,686 shares for 0% of their US portfolio. Toronto Dominion Commercial Bank holds 0% or 898 shares in its portfolio. Cna Financial last reported 107,025 shares in the company. State Treasurer State Of Michigan has 56,201 shares for 0.01% of their US portfolio. Hgk Asset Mngmt, a New Jersey-based fund reported 408,275 shares. Spark Invest Limited Company accumulated 0.22% or 75,200 shares. Panagora Asset last reported 513,327 shares in the company. Barclays Public Llc has invested 0.01% of its portfolio in Murphy Oil Corporation (NYSE:MUR). Deprince Race And Zollo last reported 1.09M shares in the company. Herndon Cap has invested 0% of its portfolio in Murphy Oil Corporation (NYSE:MUR).

Insider Transactions: Since May 10, 2016, the stock had 1 insider purchase, and 2 sales for $642,114 net activity. Another trade for 7,163 shares valued at $210,521 was made by MISNER ALLAN J. on Tuesday, May 10. $889,255 worth of shares were bought by MURPHY ROBERT MADISON on Monday, August 8. 1,246 Murphy Oil Corporation (NYSE:MUR) shares with value of $36,620 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 $4.39 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.

MUR Company Profile

Murphy Oil Corporation, incorporated on June 29, 1964, is an gas and oil exploration and production company. The Company’s exploration and production business explores for and produces crude oil, natural gas and natural gas liquids across the world. The Company’s exploration and production activities are subdivided into four geographic divisions, including the United States, Canada, Malaysia and all other countries. The Company’s principal exploration and production activities are conducted in the United States by Murphy Exploration & Production Company-USA (Murphy Expro USA), in Malaysia, Australia, Brunei, Vietnam, and Namibia by Murphy Exploration & Production Company-International (Murphy Expro International) and its subsidiaries, and in Western Canada and offshore Eastern Canada by Murphy Oil Company Ltd. (MOCL) and its subsidiaries. The Company’s crude oil, condensate and natural gas liquids production averages to approximately 136,634 barrels per day.

More news for Murphy Oil Corporation (NYSE:MUR) were recently published by: Fool.com, which released: “Here’s Why OPEC and Mexico Drove Murphy Oil Corporation’s Stock Up 15.2% in …” on October 10, 2016. Nasdaq.com‘s article titled: “MURPHY OIL CORPORATION SCHEDULES THIRD QUARTER 2016 EARNINGS RELEASE AND …” and published on October 06, 2016 is yet another important article.

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