Truist Securities Downgrades Murphy Oil (LSE:0K3S)

Fintel reports that on January 31, 2025, Truist Securities downgraded their outlook for Murphy Oil (LSE:0K3S) from Buy to Hold.

Analyst Price Forecast Suggests 56.30% Upside

As of January 29, 2025, the average one-year price target for Murphy Oil is 42.11 GBX/share. The forecasts range from a low of 34.52 GBX to a high of 57.00 GBX. The average price target represents an increase of 56.30% from its latest reported closing price of 26.94 GBX / share.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Murphy Oil is 3,584MM, an increase of 18.34%. The projected annual non-GAAP EPS is 5.83.

What is the Fund Sentiment?

There are 868 funds or institutions reporting positions in Murphy Oil. This is an decrease of 19 owner(s) or 2.14% in the last quarter. Average portfolio weight of all funds dedicated to 0K3S is 0.18%, an increase of 16.87%. Total shares owned by institutions decreased in the last three months by 0.21% to 152,794K shares.

What are Other Shareholders Doing?

GB:0K3S / Murphy Oil Corporation Shares Held by Institutions

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 4,557K shares representing 3.12% ownership of the company. In its prior filing, the firm reported owning 4,521K shares , representing an increase of 0.80%. The firm decreased its portfolio allocation in 0K3S by 22.54% over the last quarter.

IJH - iShares Core S&P Mid-Cap ETF holds 4,434K shares representing 3.04% ownership of the company. In its prior filing, the firm reported owning 4,509K shares , representing a decrease of 1.68%. The firm decreased its portfolio allocation in 0K3S by 26.52% over the last quarter.

IWM - iShares Russell 2000 ETF holds 3,852K shares representing 2.64% ownership of the company. In its prior filing, the firm reported owning 3,422K shares , representing an increase of 11.18%. The firm decreased its portfolio allocation in 0K3S by 20.54% over the last quarter.

NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 3,588K shares representing 2.46% ownership of the company. In its prior filing, the firm reported owning 3,646K shares , representing a decrease of 1.63%. The firm decreased its portfolio allocation in 0K3S by 26.54% over the last quarter.

Geode Capital Management holds 3,549K shares representing 2.43% ownership of the company. In its prior filing, the firm reported owning 3,503K shares , representing an increase of 1.28%. The firm decreased its portfolio allocation in 0K3S by 59.95% over the last quarter.

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This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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