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

Murphy Oil Corporation (NYSE:MUR) announced 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) dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Monday, May 18th.

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

Shares of NYSE MUR opened at $40.64 on Friday. 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 1 year low of $20.31 and a 1 year high of $43.34. The stock’s 50-day simple moving average is $38.60 and its 200-day simple moving average is $33.94. The firm has a market cap of $5.83 billion, a price-to-earnings ratio of 68.88 and a beta of 0.55.

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. Murphy Oil had a return on equity of 3.09% and a net margin of 3.02%.The business had revenue of $732.35 million for the quarter, compared to analysts’ expectations of $702.96 million. During the same quarter in the previous year, the firm posted $0.56 earnings per share. The company’s revenue was up 9.0% compared to the same quarter last year. As a group, equities analysts anticipate that Murphy Oil will post 3.37 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Murphy Oil news, SVP Daniel R. Hanchera sold 47,320 shares of the business’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $33.79, for a total transaction of $1,598,942.80. Following the completion of the sale, the senior vice president owned 36,166 shares in the company, valued at $1,222,049.14. The trade was a 56.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 5.79% of the stock is currently owned by insiders.

Institutional Trading of Murphy Oil

Several institutional investors have recently added to or reduced their stakes in the business. CIBC Private Wealth Group LLC bought a new position in shares of Murphy Oil during the fourth quarter valued at approximately $26,000. Leonteq Securities AG bought a new position in shares of Murphy Oil during the first quarter valued at approximately $29,000. Valued Wealth Advisors LLC grew its holdings in shares of Murphy Oil by 14,700.0% during the first quarter. Valued Wealth Advisors LLC now owns 740 shares of the oil and gas producer’s stock valued at $31,000 after purchasing an additional 735 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Murphy Oil by 67.3% during the third quarter. Smartleaf Asset Management LLC now owns 1,094 shares of the oil and gas producer’s stock valued at $32,000 after purchasing an additional 440 shares during the last quarter. Finally, Torren Management LLC bought a new position in shares of Murphy Oil during the fourth quarter valued at approximately $37,000. Institutional investors own 78.31% of the company’s stock.

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.