Why Murphy Oil Stock Flew Nearly 8% Higher Today

A prognosticator became more bullish on the oil company's shares, although he hasn't changed his neutral recommendation.A second analyst price target raise in nearly as many trading days was the catalyst igniting the stock of Murphy Oil (MUR 7.51%) on Monday. Bullish investors traded the company's shares up by almost 8% on the day in response, a rate that trounced the 1.6% increase of the S&P 500 (^GSPC 1.56%).A raiser and holderMonday's raiser was Roger Read from top U.S. bank Wells Fargo. Well before mark ...