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

Murphy Oil Corporation (NYSE:MUR) declared a quarterly dividend on Wednesday, January 28th. Shareholders of record on Tuesday, February 17th will be given a dividend of 0.35 per share by the oil and gas producer on Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. 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 increased its dividend 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 $3.70 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 37.8%.

Murphy Oil Stock Performance

Shares of NYSE MUR opened at $33.66 on Friday. The stock has a market cap of $4.81 billion, a PE ratio of 46.76 and a beta of 0.78. Murphy Oil has a 1 year low of $18.94 and a 1 year high of $35.19. The firm has a fifty day moving average price of $31.94 and a 200-day moving average price of $28.97. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.77 and a quick ratio of 0.87.

Murphy Oil (NYSE:MUR) last issued its earnings results on Wednesday, January 28th. The oil and gas producer reported $0.14 earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.21. Murphy Oil had a net margin of 3.83% and a return on equity of 3.75%. The company had revenue of $613.08 million during the quarter, compared to the consensus estimate of $650.90 million. During the same quarter in the prior year, the firm posted $0.35 EPS. Murphy Oil’s quarterly revenue was down 6.9% compared to the same quarter last year. Equities analysts anticipate that Murphy Oil will post 2.94 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Murphy Oil

Large investors have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Murphy Oil by 1.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 84,061 shares of the oil and gas producer’s stock valued at $2,387,000 after purchasing an additional 1,419 shares during the last quarter. United Services Automobile Association bought a new stake in Murphy Oil in the first quarter worth $265,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Murphy Oil by 22.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 249,094 shares of the oil and gas producer’s stock worth $7,074,000 after buying an additional 45,841 shares during the period. Concurrent Investment Advisors LLC purchased a new stake in shares of Murphy Oil in the second quarter valued at $257,000. Finally, Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Murphy Oil by 45.9% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 66,444 shares of the oil and gas producer’s stock worth $1,495,000 after acquiring an additional 20,904 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.