Murphy Oil Corporation (MUR) to Distribute Quarterly Dividend of $0.35 on September 1st

Murphy Oil Corporation (NYSE:MUR) declared a quarterly dividend on Wednesday, August 5th. Shareholders 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) annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Monday, August 17th.

Murphy Oil has raised its dividend payment by an average of 0.2%per year over the last three years and has increased 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. Research analysts expect Murphy Oil to earn $2.69 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 52.0%.

Murphy Oil Trading Down 0.5%

Shares of Murphy Oil stock opened at $34.63 on Friday. Murphy Oil has a 1-year low of $21.86 and a 1-year high of $43.34. The company’s fifty day simple moving average is $35.80 and its 200-day simple moving average is $36.35. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.85 and a quick ratio of 0.80. The stock has a market capitalization of $4.96 billion, a PE ratio of 17.14 and a beta of 0.50.

Murphy Oil (NYSE:MUR) last released its earnings results on Wednesday, August 5th. The oil and gas producer reported $1.55 earnings per share for the quarter, missing the consensus estimate of $1.57 by ($0.02). The company had revenue of $926.33 million for the quarter, compared to analysts’ expectations of $888.51 million. Murphy Oil had a net margin of 9.74% and a return on equity of 6.63%. Murphy Oil’s revenue for the quarter was up 33.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.27 earnings per share. As a group, equities analysts anticipate that Murphy Oil will post 2.93 earnings per share 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.