In today’s session Murphy Oil Corporation (MUR) registered an unusually high (817) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious MUR increase. With 817 contracts traded and 13074 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: MUR161118C00030000 closed last at: $1 or 11.1% up. About 181,545 shares traded hands. Murphy Oil Corporation (NYSE:MUR) has risen 1.34% since April 20, 2016 and is uptrending. It has underperformed by 3.21% 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. Murphy Oil Corporation has been the topic of 22 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The rating was maintained by RBC Capital Markets with “Sector Perform” on Friday, July 31. Zacks downgraded the stock to “Buy” rating in Tuesday, August 11 report. The rating was maintained by Barclays Capital with “Equal Weight” on Tuesday, January 12. The stock of Murphy Oil Corporation (NYSE:MUR) earned “Sector Perform” rating by Iberia Capital Partners on Friday, February 12. The stock of Murphy Oil Corporation (NYSE:MUR) earned “Underperform” rating by Credit Agricole on Tuesday, December 15. Barclays Capital upgraded Murphy Oil Corporation (NYSE:MUR) rating on Wednesday, July 13. Barclays Capital has “Overweight” rating and $42 price target. The firm has “Neutral” rating by JP Morgan given on Wednesday, December 9. As per Thursday, July 30, the company rating was upgraded by UBS. On Monday, June 20 the stock rating was upgraded by Raymond James to “Market Perform”. The rating was downgraded by Oppenheimer to “Perform” on Friday, July 31.
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 increased to 1.12 in Q2 2016. Its up 0.17, from 0.95 in 2016Q1. The ratio is positive, 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.
Legal And General Gru Pcl holds 1.01M shares or 0.03% of its portfolio. Moreover, First Eagle Investment Mngmt Ltd Liability Corp has 0% invested in Murphy Oil Corporation (NYSE:MUR) for 14,226 shares. Deprince Race And Zollo holds 1.09 million shares or 0.7% of its portfolio. Tci Wealth Advisors Incorporated, a Arizona-based fund reported 138 shares. Ftb Incorporated holds 0.44% or 101,436 shares in its portfolio. Asset Management holds 6,650 shares or 0.04% of its portfolio. Moreover, Fjarde Ap has 0.02% invested in Murphy Oil Corporation (NYSE:MUR) for 31,272 shares. The Korea-based Korea Corp has invested 0.02% in Murphy Oil Corporation (NYSE:MUR). Goldman Sachs Group accumulated 0.02% or 1.74 million shares. Employees Retirement Systems Of Texas has 12,000 shares for 0.01% of their US portfolio. Swiss Commercial Bank, a Switzerland-based fund reported 458,119 shares. Ls Advisors Limited Company holds 9,077 shares or 0.02% of its portfolio. Oregon Public Employees Retirement Fund has invested 0.06% of its portfolio in Murphy Oil Corporation (NYSE:MUR). Commonwealth Bank & Trust Of Aus, a Australia-based fund reported 214,762 shares. Omers Administration Corporation last reported 124,600 shares in the company.
Insider Transactions: Since May 23, 2016, the stock had 1 insider purchase, and 0 insider sales for $889,255 net activity. GARDNER JOHN B had sold 1,246 shares worth $36,620. $889,255 worth of Murphy Oil Corporation (NYSE:MUR) was bought by MURPHY ROBERT MADISON.
Murphy Oil Corporation is an oil and gas exploration and production company. The company has a market cap of $5.65 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.
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