Morgan Stanley Reiterates Sell Rating on MUR
Morgan Stanley keeps its sell rating on MUR, setting a $35 price target, a 3.24% upside from the current price.
Key Points
- Morgan Stanley reiterated its sell rating for MUR on June 29, 2026, with a price target of $35.
- Morgan Stanley's $35 price target implies 3.24% upside from Murphy Oil Corporation's ($MUR) current $33.90 share price.
- MUR shares traded near $34.62 on Monday, amid insider sales and institutional activity.
- Keybanc upgraded MUR to a buy with a $48 target, while insider sales included 47,320 shares by a VP.
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Morgan Stanley reiterated its sell rating on MUR on June 29, 2026, with a price target of $35. Analyst Devin McDermott maintained the stance, suggesting caution for investors.
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Other Institutional Activity in MUR
BlackRock, Inc. grew its holdings by 589,813 shares, ending with 18,235,931 shares valued at about $752.2 million. Dimensional Fund Advisors LP increased its position by 238,326 shares, bringing its total to 8,171,385 shares worth approximately $337.1 million. Vanguard Portfolio Management LLC opened a new position with 7,575,999 shares valued at $312.5 million. State Street Corp added 1,075,901 shares, totaling 7,379,150 shares worth $304.4 million, marking a 17.1% increase. American Century Companies Inc boosted its stake by 2,520,052 shares, reaching 6,726,628 shares valued at $277.5 million, a 59.9% increase.
Murphy Oil Corporation Stock Down 4.9%
Shares of MUR traded near $34.62 on Monday. The stock has seen various institutional adjustments recently, reflecting shifting investor sentiment.
$MUR price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Insider Buying and Selling at Murphy Oil Corporation
On March 11, 2026, Senior Vice President Daniel Hanchera sold 47,320 shares at an average price of $33.79. Earlier, on March 3, 2026, Senior Vice President Maria Martinez sold 8,608 shares at $34.93. Robert Madison Murphy, in a series of transactions, sold and bought shares in February.
Analysts Set New Price Targets
On June 29, 2026, Morgan Stanley maintained its sell rating on MUR with a $35 price target. Earlier, on June 4, 2026, Keybanc upgraded MUR to a buy with a $48 target. Mizuho, Barclays, and UBS have maintained hold ratings with targets ranging from $36 to $44.
Bottom Line
Morgan Stanley's reiteration of a sell rating for MUR with a $35 target highlights its cautious stance. The stock has been subject to various institutional adjustments and insider sales, which investors will continue to watch closely. As always, remember that analyst ratings and 13F filings are backward-looking and may not reflect current positions.
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