Price Action To Observe: Murphy Oil Corporation Stock Is Rising Now

Price Action To Observe: Murphy Oil Corporation Stock Is Rising Now

The stock of Murphy Oil Corporation (NYSE:MUR) is a huge mover today! About 1.52M shares traded hands. Murphy Oil Corporation (NYSE:MUR) has risen 54.77% since March 2, 2016 and is uptrending. It has outperformed by 46.51% the S&P500.
The move comes after 8 months positive chart setup for the $5.11 billion company. It was reported on Oct, 5 by Barchart.com. We have $44.50 PT which if reached, will make NYSE:MUR worth $2.30B more.

Analysts await Murphy Oil Corporation (NYSE:MUR) to report earnings on October, 26. They expect $-0.15 earnings per share, up 79.17% or $0.57 from last year’s $-0.72 per share. After $-0.36 actual earnings per share 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. 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. The firm has “Buy” rating by Zacks given on Tuesday, August 11. The firm has “Equal Weight” rating by Barclays Capital given on Tuesday, January 12. 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. Barclays Capital upgraded the shares of MUR in a report on Wednesday, July 13 to “Overweight” rating. The stock of Murphy Oil Corporation (NYSE:MUR) has “Underperform” rating given on Tuesday, December 15 by Credit Agricole. The company was upgraded on Wednesday, July 22 by Credit Suisse. On Thursday, July 30 the stock rating was upgraded by UBS to “Neutral”. The firm has “Market Perform” rating by Raymond James given on Monday, June 20. The stock of Murphy Oil Corporation (NYSE:MUR) earned “Neutral” rating by JP Morgan on Wednesday, December 9.

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 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.
Moreover, Amp Cap Invsts Limited has 0.01% invested in Murphy Oil Corporation (NYSE:MUR) for 48,243 shares. Blackrock Inc has 0.02% invested in the company for 375,149 shares. Morgan Stanley holds 91,748 shares or 0% of its portfolio. Sumitomo Mitsui Tru holds 511,628 shares or 0.03% of its portfolio. Charter Trust last reported 19,767 shares in the company. Advantus Capital last reported 15,632 shares in the company. Citadel Advsrs Ltd holds 0% or 41,387 shares in its portfolio. Invesco Ltd last reported 1.41M shares in the company. Victory Inc holds 0% or 2,066 shares in its portfolio. Livforsakringsbolaget Skandia Omsesidigt has 0.03% invested in the company for 17,988 shares. King Luther Cap Management Corporation has invested 0.03% of its portfolio in Murphy Oil Corporation (NYSE:MUR). Meeder Asset Mngmt last reported 0.07% of its portfolio in the stock. Signature Fincl holds 5.85% of its portfolio in Murphy Oil Corporation (NYSE:MUR) for 392,596 shares. Kanaly accumulated 0% or 294 shares. Blackrock Fund Advsr has 2.97M shares for 0.02% of their US portfolio.

Insider Transactions: Since May 10, 2016, the stock had 1 buying transaction, and 2 sales for $642,114 net activity. MISNER ALLAN J. sold $210,521 worth of Murphy Oil Corporation (NYSE:MUR) on Tuesday, May 10. On Monday, May 23 the insider GARDNER JOHN B sold $36,620. $889,255 worth of Murphy Oil Corporation (NYSE:MUR) was bought by MURPHY ROBERT MADISON.

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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