Murphy Oil Corporation (NYSE:MUR) Announces $0.33 Quarterly Dividend

Key Points

• Murphy Oil Corporation has announced a quarterly dividend of $0.33 per share, with a yield of 4.4%, payable on December 1st to shareholders of record as of November 17th.
• The company reported a quarterly earnings per share (EPS) of $0.27, exceeding analysts' expectations of $0.21, despite a 13.4% decline in revenue compared to the previous year.
• Hedge funds and institutional investors own 78.31% of Murphy Oil's stock, indicating strong institutional interest and confidence in the company's outlook.

Murphy Oil Corporation (NYSE:MUR - Get Free Report) declared a quarterly dividend on Wednesday, October 1st, RTT News reports. Shareholders of record on Monday, November 17th will be given a dividend of 0.325 per share by the oil and gas producer on Monday, December 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%.

Murphy Oil has a dividend payout ratio of 48.7% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Trading Up 3.9%

Shares of Murphy Oil stock traded up $1.10 on Wednesday, reaching $29.51. 2,216,552 shares of the company's stock were exchanged, compared to its average volume of 2,497,692. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.77 and a current ratio of 0.84. Murphy Oil has a 52 week low of $18.94 and a 52 week high of $36.62. The firm's 50-day moving average is $25.36 and its two-hundred day moving average is $24.05. The company has a market capitalization of $4.21 billion, a P/E ratio of 15.29 and a beta of 1.03.

Murphy Oil (NYSE:MUR - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The oil and gas producer reported $0.27 EPS for the quarter, beating analysts' consensus estimates of $0.21 by $0.06. The business had revenue of $695.57 million during the quarter, compared to analyst estimates of $632.51 million. Murphy Oil had a return on equity of 5.25% and a net margin of 10.20%.Murphy Oil's quarterly revenue was down 13.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.81 EPS. Sell-side analysts predict that Murphy Oil will post 2.94 EPS for the current fiscal year.

Hedge Funds Weigh In On Murphy Oil

Large investors have recently bought and sold shares of the stock. Cerity Partners LLC increased its stake in Murphy Oil by 34.6% in the 1st quarter. Cerity Partners LLC now owns 12,893 shares of the oil and gas producer's stock worth $366,000 after purchasing an additional 3,317 shares during the period. Jump Financial LLC increased its stake in Murphy Oil by 489.1% in the 1st quarter. Jump Financial LLC now owns 399,104 shares of the oil and gas producer's stock worth $11,335,000 after purchasing an additional 331,355 shares during the period. GAMMA Investing LLC increased its stake in Murphy Oil by 146.5% in the 1st quarter. GAMMA Investing LLC now owns 3,106 shares of the oil and gas producer's stock worth $88,000 after purchasing an additional 1,846 shares during the period. Oppenheimer Asset Management Inc. grew its position in shares of Murphy Oil by 14.2% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 214,258 shares of the oil and gas producer's stock worth $6,085,000 after buying an additional 26,563 shares during the last quarter. Finally, Hsbc Holdings PLC grew its position in shares of Murphy Oil by 11.4% in the 1st quarter. Hsbc Holdings PLC now owns 134,575 shares of the oil and gas producer's stock worth $3,851,000 after buying an additional 13,759 shares during the last quarter. 78.31% of the stock is owned by hedge funds and other institutional investors.

About Murphy Oil

Murphy Oil Corporation, together with its subsidiaries, operates as an oil and gas exploration and production company in the United States, Canada, and internationally. It explores for and produces crude oil, natural gas, and natural gas liquids. The company was formerly known as Murphy Corporation and changed its name to Murphy Oil Corporation in 1964.

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