Murphy Oil Corp. Announces Quarterly Dividend of $0.25 (MUR)
Murphy Oil Corp. (NYSE:MUR) announced a quarterly dividend on Wednesday, October 5th. Stockholders of record on Monday, November 14th will be given a dividend of 0.25 per share on Thursday, December 1st. This represents a $1.00 annualized dividend and a dividend yield of 3.35%.
Shares of Murphy Oil Corp. (NYSE:MUR) traded up 1.91% during trading on Wednesday, reaching $30.44. 1,475,449 shares of the company were exchanged. Murphy Oil Corp. has a 1-year low of $14.30 and a 1-year high of $37.48. The stock’s market capitalization is $5.24 billion. The firm has a 50-day moving average price of $27.99 and a 200-day moving average price of $29.12.
Murphy Oil Corp. (NYSE:MUR) last issued its earnings results on Wednesday, July 27th. The company reported ($0.36) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.39) by $0.03. Murphy Oil Corp. had a negative net margin of 106.14% and a negative return on equity of 7.93%. During the same period in the prior year, the business earned ($0.48) EPS. Equities research analysts predict that Murphy Oil Corp. will post ($1.32) earnings per share for the current fiscal year.
In other news, Director Robert Madison Murphy acquired 22,594 shares of the business’s stock in a transaction dated Monday, August 8th. The stock was acquired at an average price of $21.93 per share, with a total value of $495,486.42. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.39% of the stock is currently owned by insiders.
Institutional investors have recently modified their holdings of the company. National Asset Management Inc. bought a new position in shares of Murphy Oil Corp. during the second quarter valued at approximately $212,000. Euclid Advisors LLC bought a new position in shares of Murphy Oil Corp. during the second quarter valued at approximately $104,000. Cubist Systematic Strategies LLC bought a new position in shares of Murphy Oil Corp. during the second quarter valued at approximately $484,000. AQR Capital Management LLC raised its position in shares of Murphy Oil Corp. by 6.9% in the second quarter. AQR Capital Management LLC now owns 429,382 shares of the company’s stock valued at $13,633,000 after buying an additional 27,879 shares during the period. Finally, Paloma Partners Management Co raised its position in shares of Murphy Oil Corp. by 48.6% in the second quarter. Paloma Partners Management Co now owns 37,887 shares of the company’s stock valued at $1,203,000 after buying an additional 12,392 shares during the period. 92.61% of the stock is owned by hedge funds and other institutional investors.
A number of research firms recently commented on MUR. Barclays PLC reissued an “overweight” rating and set a $42.00 price objective on shares of Murphy Oil Corp. in a report on Tuesday, August 2nd. Credit Agricole SA reissued a “sell” rating on shares of Murphy Oil Corp. in a report on Tuesday, August 16th. Zacks Investment Research downgraded shares of Murphy Oil Corp. from a “buy” rating to a “hold” rating in a report on Thursday, August 11th. JPMorgan Chase & Co. reissued a “hold” rating on shares of Murphy Oil Corp. in a report on Thursday, June 30th. Finally, Raymond James Financial Inc. raised shares of Murphy Oil Corp. from an “underperform” rating to a “market perform” rating in a report on Monday, June 20th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the company’s stock. Murphy Oil Corp. presently has an average rating of “Hold” and a consensus target price of $26.30.
Murphy Oil Corp. Company Profile
Murphy Oil Corporation 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. The Company’s exploration and production activities are subdivided into four geographic segments, including the United States, Canada, Malaysia and all other countries.
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