Murphy Oil in talks to sell UK refinery Milford Haven, Reuters says Murphy Oil has agreed to a sale of its refinery in south west Wales, Milford Haven, to oil entrepreneur Gary Klesch, says Reuters. A spokesperson for Murphy Oil said a deal has not yet been signed, added Reuters. 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.