Morgan Stanley Rates Murphy Oil (MUR) sell, $35 Price Target

Morgan Stanley keeps its sell rating on MUR, setting a $35 price target, a 3.24% upside from the current price.

By EarningsIQ Research Desk · Published Jun 29, 2026, 2:03 PM EDT · Updated Jul 1, 2026, 2:01 AM EDT

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Morgan Stanley rated Murphy Oil Corporation ($MUR) "sell" with a $35 price target on June 29, 2026.

Since the rating, $MUR is down 6.4% after 1 week, up 14.1% after 1 month and up 24.4% to date (from the $33.56 close on Jun 29, 2026).

MUR Murphy Oil Corporation

$41.74 +32.30% year to date

Daily close · Oct 16, 2026

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.

Analyst rating track record

Morgan Stanley vs. the S&P 500

YTD return +40.15% hypothetical

All-time return +36.50% S&P 500 +33.97%

vs. S&P 500 +2.53% ahead of the index

Hypothetical returns from Morgan Stanley's disclosed trades, not real profit or advice. How we model this.

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 9.3%

Shares of MUR traded near $34.62 on Monday. The stock has seen various institutional adjustments recently, reflecting shifting investor sentiment.

12-month forecast

$MUR price target

Murphy Oil Corporation daily closes and this analyst's $35 target. Not 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.