|
|
News Breaks | | | | October 4, 2012 | | 08:51 EDT |  | MUR | Third Point's valuation for Murphy Oil optimistic and challenging, says UBS
UBS said Third Point's proposal designed to increase Murphy Oil's valuation is optimistic and creates operational challenges. The firm said divestitures would only fetch $4.5B-$4.8B vs. Third Point's estimate of $8.4B-$8.9B, based on recent transactions. Additionally, the analyst said Third Point's valuation assumptions post divestitures are above its historical average. Shares are Neutral rated with a $62 price target, up from $58. | |
|
News For MUR From The Last 14 Days Check below for free stories on MUR the last two weeks. |
|
|
| May 23, 2013 | | 18:47 EDT |  | MUR | Murphy Oil announces second $250M accelerated share repurchase transaction
 Subscribe for More Information | | | May 15, 2013 | | 17:36 EDT | | MUR | Paulson gives quarterly update on stakes
Subscribe for More Information | | | 17:26 EDT | | MUR | Third Point gives quarterly update on stakes
NEW STAKES: Virgin Media (VMED), Tiffany (TIF), B/E Aerospace (BEAV), Anadarko (APC), and Thermo Fisher (TMO). INCREASED STAKES: International Paper (IP), Abbvie (ABBV), TransDigm (TDG), Constellation Brands (STZ), and Dollar General (DG). DECREASED STAKES: Delphi (DLPH), Murphy Oil (MUR), AIG (AIG), LyondellBasell (LYB), and Liberty Global (LBTYA). LIQUIDATED STAKES: Tesoro (TSO), Morgan Stanley (MS), Symantec (SYMC), Herbalife (HLF), and Illumina (ILMN). | |
|
|
|
|
|
|
