10 High Yield Crude Oil Stocks to Buy Now

8. Murphy Oil Corporation (NYSE:MUR)

Dividend Yield as of June 8: 3.48% 

Murphy Oil Corporation (NYSE:MUR) is a global independent oil and natural gas exploration and production company.

On June 4, KeyBanc upgraded Murphy Oil Corporation (NYSE:MUR) from ‘Sector Weight’ to ‘Overweight’ and assigned the stock a price target of $48, representing an upside of over 24% from the current levels.

According to the analyst, the upgrade was driven by Murphy’s “profound cash flow uplift” from unhedged oil exposure, which is a “game changer for balance sheet and cash return optionality.” The company presents a significant exposure to the soaring crude prices, as around 50% of its 2026 output is oil and none of it is hedged. The $20 per barrel boost in KeyBanc’s oil price deck creates an additional $666 million in cash flows for Murphy, all else equal.

Moreover, Murphy Oil confirmed a significant oil discovery offshore Vietnam earlier this year, and Keybanc believes that the company offers “idiosyncratic” Vietnam catalysts. The firm noted that the recent pullback in the stock offers an attractive entry point for investors.