Murphy Oil Co. (NYSE:MUR) declared a quarterly dividend on Wednesday, February 7th, RTT News reports. Investors of record on Tuesday, February 20th will be paid a dividend of 0.25 per share by the oil and gas producer on Monday, March 5th. This represents a $1.00 annualized dividend and a yield of 3.67%. The ex-dividend date of this dividend is Friday, February 16th.
Murphy Oil has decreased its dividend by an average of 9.0% per year over the last three years. Murphy Oil has a payout ratio of -434.8% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Murphy Oil to earn $0.81 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 123.5%.
Murphy Oil (NYSE MUR) opened at $27.22 on Thursday. Murphy Oil has a 12 month low of $22.21 and a 12 month high of $35.16. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.60 and a current ratio of 1.64. The stock has a market capitalization of $4,523.13, a PE ratio of -15.12 and a beta of 2.30.
Murphy Oil (NYSE:MUR) last issued its quarterly earnings results on Wednesday, January 31st. The oil and gas producer reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.11. Murphy Oil had a negative return on equity of 0.45% and a negative net margin of 14.31%. The firm had revenue of $541.58 million for the quarter, compared to analyst estimates of $552.54 million. During the same period in the previous year, the company posted ($0.16) earnings per share. The company’s quarterly revenue was up 12.5% compared to the same quarter last year. equities analysts anticipate that Murphy Oil will post 0.85 EPS for the current fiscal year.
In other news, insider Eugene T. Coleman sold 33,435 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $28.88, for a total value of $965,602.80. Following the transaction, the insider now directly owns 57,246 shares of the company’s stock, valued at approximately $1,653,264.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP John B. Gardner sold 3,783 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $27.84, for a total value of $105,318.72. The disclosure for this sale can be found here. 6.89% of the stock is owned by insiders.
A number of equities research analysts have weighed in on the company. Morgan Stanley lifted their price objective on Murphy Oil from $26.00 to $33.00 and gave the company an “underweight” rating in a report on Wednesday, January 24th. Cowen set a $34.00 price objective on Murphy Oil and gave the company a “hold” rating in a report on Thursday, January 18th. Zacks Investment Research raised Murphy Oil from a “sell” rating to a “hold” rating in a report on Monday, January 15th. Stephens set a $37.00 price objective on Murphy Oil and gave the company a “buy” rating in a report on Monday, January 22nd. Finally, ValuEngine downgraded Murphy Oil from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $31.83.
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Murphy Oil Company Profile
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.
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