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

Murphy Oil Corporation (NYSE:MUR) declared a quarterly dividend on Wednesday, January 28th. Investors of record on Tuesday, February 17th will be given a dividend of 0.35 per share by the oil and gas producer on Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend is Tuesday, February 17th. This is a 7.7% increase from Murphy Oil’s previous quarterly dividend of $0.33.

Murphy Oil has increased its dividend payment by an average of 0.0%per year 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 48.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Murphy Oil to earn $3.70 per share next year, which means the company should continue to be able to cover its $1.30 annual dividend with an expected future payout ratio of 35.1%.

Murphy Oil Price Performance

MUR stock traded up $0.30 during midday trading on Thursday, hitting $31.72. The company’s stock had a trading volume of 2,793,635 shares, compared to its average volume of 2,765,310. The company has a quick ratio of 0.87, a current ratio of 0.94 and a debt-to-equity ratio of 0.27. Murphy Oil has a 12 month low of $18.94 and a 12 month high of $35.19. The company has a 50 day moving average of $31.90 and a two-hundred day moving average of $28.44. The firm has a market capitalization of $4.53 billion, a price-to-earnings ratio of 32.34 and a beta of 0.78.

Murphy Oil (NYSE:MUR) last released its earnings results on Wednesday, January 28th. The oil and gas producer reported $0.14 EPS for the quarter, topping the consensus estimate of ($0.07) by $0.21. Murphy Oil had a net margin of 5.16% and a return on equity of 4.30%. The firm had revenue of $613.08 million for the quarter, compared to the consensus estimate of $650.90 million. During the same quarter in the previous year, the firm earned $0.35 earnings per share. The company’s quarterly revenue was down 6.9% compared to the same quarter last year. On average, analysts expect that Murphy Oil will post 2.94 EPS for the current year.

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.