Piper Sandler upgraded Murphy Oil (NYSE:MUR) from Neutral to Overweight on March 12, 2026. The average one-year price target for the stock is $30.76, indicating a projected decrease of 11.40% from its recent closing price of $34.72.
Projected annual revenue for Murphy Oil is $2.91 billion, an increase of 8.26%, with a non-GAAP EPS forecast of 7.38. In the last quarter, 525 funds reported positions in the company, down 35.19% from the previous quarter, with total shares owned by institutions decreasing by 15.31% to 137.03 million shares.
The put/call ratio for Murphy Oil is 0.39, signaling a bullish outlook. Key institutional stakeholders include Charles Schwab Investment Management, which increased its holdings by 2.57% to 5.57 million shares, and American Century Companies, which raised its stake by 11.17% to 4.21 million shares.
