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Murphy Oil Corporation, an oil and gas exploration and production company, has seen significant changes in its investor landscape, with institutional investors holding 78.31% of the stock. Recent insider transactions include VP Meenambigai Palanivelu and Director Claiborne P. Deming increasing their stakes. Analysts have mixed ratings, with Barclays lowering its price target from $34 to $32, while the stock currently trades at $26.73, reflecting a market cap of $3.90 billion.
Clear Creek Financial Management LLC increased its stake in Murphy Oil by 8.1% in Q3, owning 6,574 shares valued at $222,000, while Covestor Ltd's position grew by 266.8% to 741 shares worth $25,000. Institutional investors hold 78.31% of the company's stock. UBS Group lowered its target price for Murphy Oil from $34.00 to $32.00, maintaining a "neutral" rating, while other analysts have also adjusted their price targets, reflecting a consensus "Hold" rating with an average target of $36.58.
UBS has lowered its price target on Murphy Oil Corporation to $32 from $34 while maintaining a neutral rating. Murphy Oil, an independent oil and gas exploration and production company, operates in the U.S., Canada, and other countries, focusing on crude oil, natural gas, and natural gas liquids. Key production areas include the Gulf of Mexico and the Eagle Ford Shale in South Texas, along with interests in Canadian offshore fields.
Wedge Capital Management L L P NC, Assenagon Asset Management S.A., and Squarepoint Ops LLC significantly increased their stakes in Murphy Oil, with institutional investors now owning 78.31% of the company. Murphy Oil's stock has faced price target reductions from several analysts, with a current average target of $40.25, while the company reported a quarterly earnings miss with a revenue decline of 21% year-over-year.
Murphy Oil Corporation is an independent oil and gas exploration and production company with operations in the United States, Canada, and other countries. It primarily produces crude oil, natural gas, and natural gas liquids, focusing on the Gulf of Mexico and the Eagle Ford Shale in South Texas, while also holding interests in Canadian assets like Tupper Montney and offshore fields in Newfoundland.
Murphy Oil Corporation is an independent oil and gas exploration and production company operating in the onshore and offshore sectors across the United States, Canada, and other countries. In the U.S., it primarily produces crude oil, natural gas liquids, and natural gas from the Gulf of Mexico and the Eagle Ford Shale in South Texas, where it holds rights to approximately 133,000 acres. In Canada, the company has interests in the Tupper Montney and Kaybob Duvernay areas, as well as non-operated offshore fields like Hibernia and Terra Nova in the Jeanne d'Arc Basin.
Undervalued stocks present opportunities for investors, trading at low prices with potential for growth. Key metrics for evaluation include a forward PE ratio below 10, a PB ratio under 1.3, and a forward dividend yield above 2%. Notable picks for January 2025 include Murphy Oil and Star Bulk Carriers, both showing strong financial health and promising upside potential.
Oppenheimer Asset Management Inc. increased its stake in Murphy Oil by 24.2%, now holding 166,316 shares valued at $6.86 million. AXA S.A. raised its stake by 86.5%, owning 132,710 shares worth $5.47 million. Hedge funds and institutional investors own 78.31% of the stock, which has a current "Hold" rating with a lowered price target of $38.00 from UBS Group.
Murphy Oil Corporation is an independent oil and gas exploration and production company with operations in the United States, Canada, and other countries. It primarily produces crude oil, natural gas, and natural gas liquids, focusing on the Gulf of Mexico and the Eagle Ford Shale in South Texas, while also holding interests in Canadian assets like Tupper Montney and offshore fields in Newfoundland.
Murphy Oil Corporation is an independent oil and gas exploration and production company operating in the onshore and offshore sectors across the United States, Canada, and other countries. It primarily produces crude oil, natural gas, and natural gas liquids, with significant operations in the Gulf of Mexico and the Eagle Ford Shale in South Texas. In Canada, the company has interests in the Tupper Montney and Kaybob Duvernay areas, as well as offshore fields like Hibernia and Terra Nova in the Jeanne d"Arc Basin.
Murphy Oil Corporation
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murphy oil experiences mixed analyst ratings and insider buying activity
13:45 19.03.2025
murphy oil experiences mixed analyst ratings and significant institutional investment changes
19:07 03.02.2025
ubs lowers price target on murphy oil maintains neutral rating
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Institutional Investors Increase Stakes in Murphy Oil Amid Price Target Adjustments
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Murphy Oil Corporation Expands Operations in North America and Global Markets
16:37 09.12.2024
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