Murphy Oil looking to sell Malaysia oil and gas assets, WSJ reports Murphy Oil is is looking to sell as much as 30% of its stake in its Malaysian oil and gas assets for $2B, reports the Wall Street Journal, citing sources. The first round of bids are due in June, one source says. Reference Link
Murphy Oil downgraded to Sell from Neutral at UBS UBS analyst William Featherston downgraded Murphy Oil to Sell citing the stock's premium valuation relative to peers and the company's declining production and below average inventory. The analyst cut his price target for shares to $41 from $45.