Murphy Oil Corporation Announces Quarterly Dividend of $0.35 (NYSE:MUR)

Murphy Oil Corporation (NYSE:MUR) declared a quarterly dividend on Wednesday, August 5th. Stockholders of record on Monday, August 17th will be given a dividend of 0.35 per share by the oil and gas producer on Tuesday, September 1st. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Monday, August 17th.

Murphy Oil has raised its dividend payment by an average of 0.2%annually over the last three years and has raised its dividend every year for the last 5 years. Murphy Oil has a dividend payout ratio of 52.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Murphy Oil to earn $2.78 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 50.4%.

Murphy Oil Price Performance

Shares of MUR stock opened at $36.03 on Thursday. The firm has a fifty day simple moving average of $36.27 and a 200-day simple moving average of $36.26. The company has a market capitalization of $5.17 billion, a PE ratio of 61.07 and a beta of 0.50. Murphy Oil has a twelve month low of $21.86 and a twelve month high of $43.34. The company has a current ratio of 0.83, a quick ratio of 0.77 and a debt-to-equity ratio of 0.30.

Murphy Oil (NYSE:MUR) last released its quarterly earnings results on Wednesday, August 5th. The oil and gas producer reported $1.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.57 by ($0.02). Murphy Oil had a return on equity of 3.09% and a net margin of 3.02%.The firm had revenue of $926.33 million for the quarter, compared to analysts’ expectations of $888.51 million. During the same period last year, the firm earned $0.27 EPS. The business’s quarterly revenue was up 33.5% on a year-over-year basis. Equities research analysts anticipate that Murphy Oil will post 3.13 earnings per share for the current fiscal year.

Institutional Trading of Murphy Oil

Hedge funds and other institutional investors have recently bought and sold shares of the company. Pacific Heights Asset Management LLC raised its position in shares of Murphy Oil by 10.0% during the 4th quarter. Pacific Heights Asset Management LLC now owns 550,000 shares of the oil and gas producer’s stock valued at $17,188,000 after acquiring an additional 50,000 shares in the last quarter. State of Alaska Department of Revenue boosted its holdings in Murphy Oil by 138.2% in the fourth quarter. State of Alaska Department of Revenue now owns 34,936 shares of the oil and gas producer’s stock worth $1,090,000 after purchasing an additional 20,271 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in Murphy Oil in the first quarter worth $1,745,000. Flax Pond Capital LLC bought a new stake in Murphy Oil during the fourth quarter valued at $6,967,000. Finally, First Trust Advisors LP increased its stake in Murphy Oil by 24.8% during the first quarter. First Trust Advisors LP now owns 942,927 shares of the oil and gas producer’s stock valued at $38,896,000 after purchasing an additional 187,610 shares during the last quarter. 78.31% of the stock is owned by institutional investors.

Murphy Oil Company Profile

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.