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

Key Points

• Murphy Oil Corporation announced a quarterly dividend of $0.33 per share, with payment scheduled for September 2nd to stockholders of record on August 18th, reflecting a 5.3% yield.
• The company has a payout ratio of 48.7%, indicating that the dividend is well-covered by its earnings, with analysts predicting an earnings per share of $3.70 for the next year.
• Despite a 15.4% decline in revenue year-over-year, Murphy Oil reported earnings of $0.56 per share last quarter, exceeding expectations by $0.08.

Murphy Oil Corporation (NYSE:MUR - Get Free Report) declared a quarterly dividend on Wednesday, August 6th, RTT News reports. Stockholders of record on Monday, August 18th will be paid a dividend of 0.325 per share by the oil and gas producer on Tuesday, September 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date is Monday, August 18th.

Murphy Oil has a dividend payout ratio of 48.7% meaning its dividend is sufficiently covered by earnings. 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 Price Performance

NYSE:MUR traded up $0.35 during mid-day trading on Friday, hitting $23.21. 2,227,753 shares of the company's stock traded hands, compared to its average volume of 2,298,873. Murphy Oil has a 1 year low of $18.94 and a 1 year high of $39.46. The company has a market cap of $3.31 billion, a PE ratio of 12.03 and a beta of 1.13. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.77 and a current ratio of 0.84. The firm's 50 day simple moving average is $24.30 and its 200 day simple moving average is $24.38.

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

Murphy Oil Company Profile

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.