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13.10.2025 23:32:45

Why Murphy Oil Stock Flew Nearly 8% Higher Today

A second analyst price target raise in nearly as many trading days was the catalyst igniting the stock of Murphy Oil (NYSE: MUR) on Monday. Bullish investors traded the company's shares up by almost 8% on the day in response, a rate that trounced the 1.6% increase of the S&P 500 (SNPINDEX: ^GSPC).Monday's raiser was Roger Read from top U.S. bank Wells Fargo. Well before market open, Read changed his Murphy Oil price target to $28 per share from $26. Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool