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

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) dividend on an annualized basis and a yield of 4.2%. The ex-dividend date is Monday, August 17th.

Murphy Oil has increased 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 payout ratio of 52.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Murphy Oil to earn $2.78 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 50.4%.

Murphy Oil Price Performance

NYSE:MUR opened at $33.12 on Friday. Murphy Oil has a one year low of $21.86 and a one year high of $43.34. The stock has a market cap of $4.75 billion, a PE ratio of 16.39 and a beta of 0.50. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.77 and a current ratio of 0.83. The stock has a 50 day moving average price of $36.21 and a 200 day moving average price of $36.26.

Murphy Oil (NYSE:MUR) last issued 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 return on equity of 6.68% and a net margin of 9.74%.The firm had revenue of $926.33 million for the quarter, compared to analysts’ expectations of $888.51 million. During the same period last year, the firm earned $0.27 earnings per share. Murphy Oil’s revenue for the quarter was up 33.5% on a year-over-year basis. Equities research analysts expect that Murphy Oil will post 3.13 EPS for the current fiscal 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.