Murphy Oil Corporation (MUR) To Go Ex-Dividend on February 17th

Murphy Oil Corporation (NYSE:MUR) announced a quarterly dividend on Wednesday, January 28th. Shareholders of record on Tuesday, February 17th will be paid a dividend of 0.35 per share by the oil and gas producer on Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Tuesday, February 17th. This is a 7.7% increase from Murphy Oil’s previous quarterly dividend of $0.33.

Murphy Oil has raised its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 5 consecutive years. Murphy Oil has a dividend payout ratio of 48.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Murphy Oil to earn $3.70 per share next year, which means the company should continue to be able to cover its $1.30 annual dividend with an expected future payout ratio of 35.1%.

Murphy Oil Stock Down 1.1%

Shares of NYSE MUR opened at $31.08 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.94 and a quick ratio of 0.87. The stock has a market capitalization of $4.44 billion, a PE ratio of 43.16 and a beta of 0.78. Murphy Oil has a one year low of $18.94 and a one year high of $35.19. The business’s fifty day moving average price is $31.91 and its 200-day moving average price is $28.46.

Murphy Oil (NYSE:MUR) last announced its quarterly earnings data on Wednesday, January 28th. The oil and gas producer reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.21. The business had revenue of $613.08 million for the quarter, compared to analysts’ expectations of $650.90 million. Murphy Oil had a return on equity of 3.72% and a net margin of 3.83%.The firm’s quarterly revenue was down 6.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.35 EPS. On average, equities research analysts anticipate that Murphy Oil will post 2.94 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.