Traders Buy Large Volume of Call Options on Murphy Oil (MUR)

Murphy Oil Co. (NYSE:MUR) saw some unusual options trading activity on Monday. Investors purchased 931 call options on the stock. This is an increase of approximately 923% compared to the typical volume of 91 call options.

Murphy Oil (MUR) opened at $24.97 on Tuesday. The company has a quick ratio of 1.52, a current ratio of 1.64 and a debt-to-equity ratio of 0.63. Murphy Oil has a fifty-two week low of $22.21 and a fifty-two week high of $35.16.

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Murphy Oil (NYSE:MUR) last posted its earnings results on Wednesday, January 31st. The oil and gas producer reported $0.08 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.11. The company had revenue of $541.58 million for the quarter, compared to analyst estimates of $552.54 million. Murphy Oil had a negative net margin of 14.31% and a negative return on equity of 0.45%. Murphy Oil’s revenue was up 12.5% on a year-over-year basis. During the same period in the previous year, the business posted ($0.16) EPS. equities analysts expect that Murphy Oil will post 0.85 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, March 5th. Shareholders of record on Tuesday, February 20th were issued a $0.25 dividend. The ex-dividend date was Friday, February 16th. This represents a $1.00 annualized dividend and a yield of 4.00%. Murphy Oil’s payout ratio is -55.56%.

Several analysts recently issued reports on the stock. Morgan Stanley upped their price objective on shares of Murphy Oil from $26.00 to $33.00 and gave the company an “underweight” rating in a research note on Wednesday, January 24th. Cowen set a $34.00 price objective on shares of Murphy Oil and gave the company a “hold” rating in a research note on Thursday, January 18th. Zacks Investment Research raised shares of Murphy Oil from a “sell” rating to a “hold” rating in a research note on Monday, January 15th. Stephens set a $37.00 price objective on shares of Murphy Oil and gave the company a “buy” rating in a research note on Monday, January 22nd. Finally, ValuEngine cut shares of Murphy Oil from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $31.54.

In related news, insider Eugene T. Coleman sold 33,435 shares of the company’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $28.88, for a total transaction of $965,602.80. Following the completion of the sale, the insider now owns 57,246 shares of the company’s stock, valued at approximately $1,653,264.48. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 6.89% of the stock is currently owned by corporate insiders.

Large investors have recently bought and sold shares of the business. Caisse DE Depot ET Placement DU Quebec boosted its holdings in Murphy Oil by 11.0% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 37,300 shares of the oil and gas producer’s stock valued at $995,000 after purchasing an additional 3,700 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in Murphy Oil by 101.1% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 99,446 shares of the oil and gas producer’s stock valued at $2,641,000 after purchasing an additional 50,000 shares during the last quarter. Magnetar Financial LLC acquired a new position in Murphy Oil in the 3rd quarter valued at about $2,163,000. Teacher Retirement System of Texas acquired a new position in Murphy Oil in the 3rd quarter valued at about $3,405,000. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in Murphy Oil by 42.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,243,072 shares of the oil and gas producer’s stock valued at $38,597,000 after purchasing an additional 373,317 shares during the last quarter. Institutional investors own 96.96% of the company’s stock.

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Murphy Oil Company Profile

Murphy Oil Corporation (Murphy) is an oil and gas 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. Its exploration and production activities are subdivided into four geographic segments: the United States, Canada, Malaysia and all other countries.

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