Murphy Oil (NYSE:MUR) Trading Down 5.2% on Analyst Downgrade

Market Beat
2025.04.10 15:22
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Murphy Oil (NYSE:MUR) shares fell 5.2% after UBS Group downgraded its price target from $28 to $23, maintaining a neutral rating. The stock traded as low as $20.65, with a volume decline of 33% from the average. Other firms also lowered their price targets, with Mizuho at $45, Barclays at $32, and Morgan Stanley at $32. Insider buying was noted, with Director Claiborne P. Deming purchasing 50,000 shares. Institutional investors hold 78.31% of the stock, which has a market cap of $2.89 billion and a P/E ratio of 7.53.