Murphy Oil Corporation (NYSE:MUR) announced a quarterly dividend on Wednesday, August 2nd, NASDAQ reports. Stockholders of record on Monday, August 14th will be paid a dividend of 0.25 per share by the oil and gas producer on Friday, September 1st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.85%. The ex-dividend date is Thursday, August 10th.

Murphy Oil Corporation has decreased its dividend payment by an average of 1.4% annually over the last three years. Murphy Oil Corporation has a dividend payout ratio of -294.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Murphy Oil Corporation to earn $0.07 per share next year, which means the company may not be able to cover its $1.00 annual dividend with an expected future payout ratio of 1,428.6%.

Shares of Murphy Oil Corporation (MUR) opened at 25.95 on Wednesday. The stock’s 50 day moving average price is $25.36 and its 200-day moving average price is $26.88. Murphy Oil Corporation has a one year low of $23.61 and a one year high of $35.19. The company’s market cap is $4.48 billion.

Murphy Oil Corporation (NYSE:MUR) last issued its quarterly earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.11) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.15) by $0.04. Murphy Oil Corporation had a negative net margin of 1.83% and a negative return on equity of 1.76%. The company had revenue of $474.50 million during the quarter, compared to analyst estimates of $495.03 million. During the same quarter last year, the business posted ($0.36) EPS. On average, analysts expect that Murphy Oil Corporation will post ($0.33) EPS for the current year.

Several research analysts recently commented on the stock. BidaskClub raised shares of Murphy Oil Corporation from a “sell” rating to a “hold” rating in a report on Monday, July 31st. ValuEngine raised shares of Murphy Oil Corporation from a “sell” rating to a “hold” rating in a report on Friday, July 28th. Cowen and Company set a $30.00 price objective on shares of Murphy Oil Corporation and gave the stock a “hold” rating in a report on Wednesday, July 19th. Barclays PLC downgraded shares of Murphy Oil Corporation from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $38.00 to $29.00 in a report on Tuesday, July 11th. Finally, Zacks Investment Research downgraded shares of Murphy Oil Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $31.50.

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In other news, VP Allan J. Misner sold 3,795 shares of Murphy Oil Corporation stock in a transaction on Monday, August 7th. The shares were sold at an average price of $26.05, for a total transaction of $98,859.75. Following the completion of the sale, the vice president now directly owns 100 shares of the company’s stock, valued at approximately $2,605. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 6.89% of the company’s stock.

About Murphy Oil Corporation

Murphy Oil Corporation (Murphy) 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. Its exploration and production activities are subdivided into four geographic segments: the United States, Canada, Malaysia and all other countries.

Dividend History for Murphy Oil Corporation (NYSE:MUR)

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