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

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

Murphy Oil has raised its dividend 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. Equities 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 Stock Up 4.3%

Murphy Oil stock opened at $40.64 on Friday. The company has a 50-day simple moving average of $38.60 and a 200-day simple moving average of $33.94. The firm has a market capitalization of $5.83 billion, a P/E ratio of 68.88 and a beta of 0.55. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.77 and a current ratio of 0.83. Murphy Oil has a one year low of $20.31 and a one year high of $43.34.

Murphy Oil (NYSE:MUR) last released its quarterly earnings results on Wednesday, May 6th. The oil and gas producer reported $0.32 EPS for the quarter, topping the consensus estimate of $0.29 by $0.03. The business had revenue of $732.35 million during the quarter, compared to analyst estimates of $702.96 million. Murphy Oil had a net margin of 3.02% and a return on equity of 3.09%. The company’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.56 earnings per share. As a group, equities analysts expect that Murphy Oil will post 3.37 earnings per share for the current year.

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.