Murphy Oil Corporation (MUR) To Go Ex-Dividend on May 18th

Murphy Oil Corporation (NYSE:MUR) declared a quarterly dividend on Wednesday, April 1st. Shareholders of record on Monday, May 18th will be paid a dividend of 0.35 per share by the oil and gas producer on Monday, June 1st. This represents a c) dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Monday, May 18th.

Murphy Oil has increased its dividend by an average of 0.2%annually over the last three years and has raised its dividend annually for the last 5 consecutive years. Murphy Oil has a payout ratio of 52.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Murphy Oil to earn $3.51 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 39.9%.

Murphy Oil Price Performance

Shares of MUR opened at $40.64 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.83 and a quick ratio of 0.77. The company’s fifty day moving average price is $38.60 and its 200-day moving average price is $33.94. Murphy Oil has a 1-year low of $20.31 and a 1-year high of $43.34. The firm has a market capitalization of $5.83 billion, a PE ratio of 68.88 and a beta of 0.55.

Murphy Oil (NYSE:MUR) last issued its quarterly earnings results on Wednesday, May 6th. The oil and gas producer reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.03. The company had revenue of $732.35 million during the quarter, compared to analysts’ expectations of $702.96 million. Murphy Oil had a return on equity of 3.09% and a net margin of 3.02%.The firm’s revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.56 EPS. On average, equities research analysts predict that Murphy Oil will post 3.37 EPS for the current year.

About Murphy Oil

Murphy Oil Corporation is an independent upstream oil and gas company engaged in the exploration, development and production of crude oil, natural gas and natural gas liquids. The company’s operations encompass conventional onshore and offshore reservoirs, with an emphasis on liquids-rich properties and deepwater assets. Through a combination of proprietary technologies and strategic joint ventures, Murphy Oil seeks to optimize recovery rates and manage its portfolio to balance long-term resource development with operational flexibility.

Murphy Oil’s exploration and production activities are geographically diversified.