Murphy Oil Corporation (NYSE:MUR) Shareholders Set to Receive $0.35 Quarterly Dividend

Murphy Oil Corporation (NYSE:MUR) declared a quarterly dividend on Wednesday, October 7th. Shareholders of record on Monday, November 16th will be given a dividend of $0.35 per share by the oil and gas producer on Tuesday, December 1st. This represents a $1.40 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Monday, November 16th.

Murphy Oil has raised its dividend payment by an average of 0.2%annually over the last three years and has increased 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 $2.68 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 52.2%.

Murphy Oil Trading Down 1.4%

Shares of Murphy Oil stock opened at $37.25 on Thursday. The firm has a 50-day simple moving average of $36.79 and a two-hundred day simple moving average of $37.38. The company has a market cap of $5.34 billion, a P/E ratio of 18.44 and a beta of 0.59. Murphy Oil has a fifty-two week low of $26.49 and a fifty-two week high of $43.34. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.80 and a current ratio of 0.85.

Murphy Oil (NYSE:MUR) last posted its earnings results on Wednesday, August 5th. The oil and gas producer reported $1.55 EPS for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.02). Murphy Oil had a net margin of 9.74% and a return on equity of 6.63%. The business had revenue of $926.33 million for the quarter, compared to analyst estimates of $888.51 million. During the same quarter last year, the business earned $0.27 earnings per share. Murphy Oil’s revenue was up 33.5% on a year-over-year basis. As a group, equities analysts predict that Murphy Oil will post 2.64 earnings per share for the current fiscal year.

About Murphy Oil

Murphy Oil Corporation (NYSE:MUR) is an independent oil and natural gas exploration and production company. Its activities include identifying, acquiring, developing and producing crude oil, natural gas and natural gas liquids.

The company’s current operations are concentrated in the United States and Canada. In the United States, Murphy Oil has assets in the Eagle Ford and Gulf Coast onshore regions, as well as interests in the Gulf of Mexico. In Canada, the company operates in Western Canadian plays, including the Tupper Montney area.

Murphy Oil was incorporated in 1950 and has historically pursued exploration and production opportunities in several international markets in addition to North America.