Murphy Oil Corporation (NYSE:MUR) declared a quarterly dividend on Wednesday, October 4th, RTT News reports. Investors of record on Monday, November 13th will be given a dividend of 0.25 per share by the oil and gas producer on Friday, December 1st. This represents a $1.00 dividend on an annualized basis and a yield of 3.76%.

Murphy Oil Corporation has decreased its dividend by an average of 1.4% per year over the last three years. Murphy Oil Corporation has a payout ratio of -312.5% indicating that 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 Corporation to earn $0.04 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 2,500.0%.

Shares of Murphy Oil Corporation (NYSE MUR) traded up 0.34% during trading on Wednesday, reaching $26.70. 946,389 shares of the company traded hands. The stock’s 50 day moving average price is $24.75 and its 200-day moving average price is $25.72. The stock’s market cap is $4.61 billion. Murphy Oil Corporation has a 12 month low of $22.21 and a 12 month high of $35.19.

Murphy Oil Corporation (NYSE:MUR) last issued its quarterly earnings results on Wednesday, August 2nd. The oil and gas producer reported ($0.11) EPS for the quarter, topping the consensus estimate of ($0.15) by $0.04. Murphy Oil Corporation had a negative net margin of 1.83% and a negative return on equity of 1.76%. The firm had revenue of $474.50 million for the quarter, compared to analysts’ expectations of $495.03 million. During the same period in the previous year, the firm posted ($0.36) EPS. On average, equities research analysts expect that Murphy Oil Corporation will post ($0.29) EPS for the current fiscal year.

Several analysts recently issued reports on MUR shares. Cowen and Company set a $30.00 target price on Murphy Oil Corporation and gave the stock a “hold” rating in a report on Wednesday, July 19th. Piper Jaffray Companies set a $23.00 price target on Murphy Oil Corporation and gave the company a “hold” rating in a research note on Friday, August 25th. Barclays PLC downgraded Murphy Oil Corporation from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $38.00 to $29.00 in a research note on Tuesday, July 11th. Zacks Investment Research raised Murphy Oil Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. Finally, BidaskClub raised Murphy Oil Corporation from a “strong sell” rating to a “sell” rating in a research report on Friday, June 30th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $30.82.

In related news, insider Kelli M. Hammock sold 4,000 shares of the stock in a transaction on Friday, August 11th. The stock was sold at an average price of $25.63, for a total value of $102,520.00. Following the sale, the insider now owns 14,298 shares in the company, valued at approximately $366,457.74. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Allan J. Misner sold 3,795 shares of the stock in a transaction on Monday, August 7th. The shares were sold at an average price of $26.05, for a total value of $98,859.75. Following the completion of the sale, the vice president now owns 100 shares in the company, valued at approximately $2,605. The disclosure for this sale can be found here. Insiders own 6.89% of the company’s stock.

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Murphy Oil Corporation 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.

Dividend History for Murphy Oil Corporation (NYSE:MUR)

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