The stock of Murphy Oil Corporation (NYSE:MUR) is a huge mover today! About 1.77 million shares traded hands. Murphy Oil Corporation (NYSE:MUR) has declined 1.70% since April 13, 2016 and is downtrending. It has underperformed by 5.63% the S&P500.
The move comes after 7 months positive chart setup for the $5.42B company. It was reported on Nov, 15 by Barchart.com. We have $50.51 PT which if reached, will make NYSE:MUR worth $3.58B more.
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 stock of Murphy Oil Corporation (NYSE:MUR) earned “Underperform” rating by Credit Agricole on Tuesday, December 15. The stock of Murphy Oil Corporation (NYSE:MUR) has “Equal Weight” rating given on Tuesday, January 12 by Barclays Capital. The firm has “Neutral” rating by UBS given on Thursday, July 30. The firm has “Sector Perform” rating by RBC Capital Markets given on Friday, July 31. The stock of Murphy Oil Corporation (NYSE:MUR) earned “Market Perform” rating by Raymond James on Monday, June 20. The stock of Murphy Oil Corporation (NYSE:MUR) earned “Overweight” rating by Barclays Capital on Wednesday, July 13. As per Tuesday, August 11, the company rating was downgraded by Zacks. As per Wednesday, July 22, the company rating was upgraded by Credit Suisse. 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.
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 dived, 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.
Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Inv has invested 0.01% of its portfolio in Murphy Oil Corporation (NYSE:MUR). M&T Bancorporation has 0% invested in the company for 14,060 shares. Metropolitan Life Ins Ny holds 0.02% of its portfolio in Murphy Oil Corporation (NYSE:MUR) for 84,427 shares. Delta Lloyd Nv holds 0.01% of its portfolio in Murphy Oil Corporation (NYSE:MUR) for 12,133 shares. Amp Capital Ltd reported 48,243 shares or 0.01% of all its holdings. Bridgeway Capital Mgmt holds 0.36% or 740,047 shares in its portfolio. Neuberger Berman Group Ltd Liability holds 0% or 10,283 shares in its portfolio. Van Eck last reported 0% of its portfolio in the stock. Mizuho Asset Mngmt Coltd reported 2,357 shares or 0.01% of all its holdings. Lmr Prns Limited Liability Partnership holds 0.09% or 18,200 shares in its portfolio. Point72 Asia (Hong Kong) has 0.11% invested in the company for 3,100 shares. Exxonmobil Mgmt Tx last reported 0.03% of its portfolio in the stock. Millennium Limited Liability Corp holds 10,612 shares or 0% of its portfolio. Da Davidson & accumulated 1,600 shares or 0% of the stock. Global X Management Limited Co last reported 0% of its portfolio in the stock.
Insider Transactions: Since May 23, 2016, the stock had 1 insider purchase, and 1 insider sale for $852,635 net activity. MURPHY ROBERT MADISON bought $889,255 worth of Murphy Oil Corporation (NYSE:MUR) on Monday, August 8. 1,246 shares were sold by GARDNER JOHN B, worth $36,620.
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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