Murphy Oil Corp. (MUR) Announces Quarterly Dividend of $0.25
Murphy Oil Corp. (NYSE:MUR) announced a quarterly dividend on Wednesday, October 5th. Shareholders of record on Monday, November 14th will be paid a dividend of 0.25 per share on Thursday, December 1st. This represents a $1.00 dividend on an annualized basis and a yield of 3.28%.
Shares of Murphy Oil Corp. (NYSE:MUR) opened at 30.45 on Thursday. The company’s market cap is $5.24 billion. Murphy Oil Corp. has a one year low of $14.30 and a one year high of $37.48. The firm’s 50-day moving average is $28.04 and its 200-day moving average is $29.13.
Murphy Oil Corp. (NYSE:MUR) last announced its quarterly earnings results on Wednesday, July 27th. The company reported ($0.36) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.39) by $0.03. Murphy Oil Corp. had a negative return on equity of 7.93% and a negative net margin of 106.14%. During the same quarter in the prior year, the business posted ($0.48) earnings per share. Analysts expect that Murphy Oil Corp. will post ($1.32) EPS for the current fiscal year.
Several equities research analysts have issued reports on MUR shares. Credit Agricole SA reaffirmed a “sell” rating on shares of Murphy Oil Corp. in a report on Tuesday, August 16th. Barclays PLC reissued an “overweight” rating and set a $42.00 target price on shares of Murphy Oil Corp. in a report on Tuesday, August 2nd. Raymond James Financial Inc. raised Murphy Oil Corp. from an “underperform” rating to a “market perform” rating in a report on Monday, June 20th. JPMorgan Chase & Co. reissued a “hold” rating on shares of Murphy Oil Corp. in a report on Thursday, June 30th. Finally, Zacks Investment Research downgraded Murphy Oil Corp. from a “buy” rating to a “hold” rating in a report on Thursday, August 11th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the company’s stock. Murphy Oil Corp. presently has a consensus rating of “Hold” and a consensus price target of $26.30.
In other Murphy Oil Corp. news, Director Robert Madison Murphy bought 36,803 shares of the firm’s stock in a transaction on Tuesday, August 9th. The shares were purchased at an average price of $24.16 per share, for a total transaction of $889,160.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.39% of the stock is owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in the company. Euclid Advisors LLC purchased a new stake in Murphy Oil Corp. during the second quarter valued at $104,000. Advisor Group Inc. purchased a new stake in Murphy Oil Corp. during the second quarter valued at $116,000. National Asset Management Inc. purchased a new stake in Murphy Oil Corp. during the second quarter valued at $212,000. Advisor Partners LLC purchased a new stake in Murphy Oil Corp. during the second quarter valued at $222,000. Finally, Sei Investments Co. boosted its stake in Murphy Oil Corp. by 43.8% in the second quarter. Sei Investments Co. now owns 7,064 shares of the company’s stock valued at $224,000 after buying an additional 2,151 shares during the period. Institutional investors own 92.61% of the company’s stock.
About Murphy Oil Corp.
Murphy Oil Corporation is an oil and gas exploration and production company. The Company’s exploration and production business explores for and produces crude oil, natural gas and natural gas liquids across the world. The Company’s exploration and production activities are subdivided into four geographic segments, including the United States, Canada, Malaysia and all other countries.
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