Murphy Oil Corporation (MUR) to Issue Quarterly Dividend of $0.35 on June 1st

Murphy Oil Corporation (NYSE:MUR) declared a quarterly dividend on Wednesday, April 1st. Investors of record on Monday, May 18th will be paid a dividend of 0.35 per share by the oil and gas producer on Monday, June 1st. This represents a c) dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Monday, May 18th.

Murphy Oil has raised its dividend by an average of 0.2%annually over the last three years and has raised its dividend every year for the last 5 years. Murphy Oil has a payout ratio of 52.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Murphy Oil to earn $3.51 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 39.9%.

Murphy Oil Stock Performance

NYSE:MUR opened at $40.64 on Friday. The firm’s fifty day simple moving average is $38.60 and its 200 day simple moving average is $33.94. The company has a quick ratio of 0.77, a current ratio of 0.83 and a debt-to-equity ratio of 0.30. The stock has a market cap of $5.83 billion, a P/E ratio of 68.88 and a beta of 0.55. Murphy Oil has a twelve month low of $20.31 and a twelve month high of $43.34.

Murphy Oil (NYSE:MUR) last announced its quarterly earnings results on Wednesday, May 6th. The oil and gas producer reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.03. The company had revenue of $732.35 million for the quarter, compared to analysts’ expectations of $702.96 million. Murphy Oil had a net margin of 3.02% and a return on equity of 3.09%. Murphy Oil’s revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.56 EPS. As a group, research analysts predict that Murphy Oil will post 3.37 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.