Murphy Oil Co. Announces Quarterly Dividend of $0.25 (MUR)

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Murphy Oil Co. (NYSE:MUR) announced a quarterly dividend on Wednesday, October 3rd, RTT News reports. Investors of record on Monday, November 12th will be given a dividend of 0.25 per share by the oil and gas producer on Monday, December 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date is Thursday, November 8th.

Murphy Oil has decreased its dividend payment by an average of 9.0% annually over the last three years. Murphy Oil has a dividend payout ratio of 61.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Murphy Oil to earn $4.67 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 21.4%.

Shares of NYSE:MUR opened at $31.19 on Wednesday. The company has a current ratio of 1.46, a quick ratio of 1.35 and a debt-to-equity ratio of 0.62. Murphy Oil has a 12-month low of $24.39 and a 12-month high of $36.53. The stock has a market capitalization of $5.26 billion, a price-to-earnings ratio of -239.92 and a beta of 2.11.

Murphy Oil (NYSE:MUR) last released its quarterly earnings data on Wednesday, August 8th. The oil and gas producer reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. The company had revenue of $655.15 million for the quarter, compared to the consensus estimate of $623.76 million. Murphy Oil had a positive return on equity of 2.32% and a negative net margin of 6.19%. The company’s quarterly revenue was up 37.2% compared to the same quarter last year. During the same period last year, the business posted ($0.11) EPS. Sell-side analysts expect that Murphy Oil will post 1.76 earnings per share for the current year.

Several brokerages recently commented on MUR. Barclays raised their target price on Murphy Oil from $34.00 to $36.00 and gave the company an “equal weight” rating in a report on Wednesday, July 11th. Morgan Stanley began coverage on Murphy Oil in a report on Thursday, July 12th. They set an “underweight” rating and a $26.00 target price on the stock. Mizuho began coverage on Murphy Oil in a report on Monday, July 23rd. They set an “underperform” rating and a $36.00 target price on the stock. Wells Fargo & Co dropped their target price on Murphy Oil from $36.00 to $34.00 and set a “market perform” rating on the stock in a report on Friday, August 10th. Finally, KLR Group reiterated a “buy” rating and set a $39.00 target price on shares of Murphy Oil in a report on Monday, August 20th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company’s stock. Murphy Oil has a consensus rating of “Hold” and an average target price of $36.27.

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Murphy Oil Company Profile

Murphy Oil Corporation operates as an oil and gas exploration and production company worldwide. It explores for and produces crude oil, natural gas, and natural gas liquids. The company was formerly known as Murphy Corporation and changed its name to Murphy Oil Corporation in 1964. Murphy Oil Corporation was founded in 1950 and is headquartered in El Dorado, Arkansas.

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Dividend History for Murphy Oil (NYSE:MUR)

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