Murphy Oil Corporation (MUR) Announces Quarterly Earnings Results
Murphy Oil Corporation (NYSE:MUR) posted its earnings results on Wednesday. The oil and gas producer reported ($0.03) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.14) by $0.11, Bloomberg Earnings reports. The firm had revenue of $498.31 million for the quarter, compared to the consensus estimate of $460.17 million. Murphy Oil Corporation had a negative net margin of 1.83% and a negative return on equity of 1.76%. The business’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period in the prior year, the business posted ($0.18) earnings per share.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Monday, November 13th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.74%. The ex-dividend date of this dividend is Friday, November 10th. Murphy Oil Corporation’s dividend payout ratio is -454.55%.
In other Murphy Oil Corporation news, VP Allan J. Misner sold 3,795 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $26.05, for a total transaction of $98,859.75. Following the transaction, the vice president now owns 100 shares in the company, valued at approximately $2,605. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Kelli M. Hammock sold 4,000 shares of the stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $25.63, for a total transaction of $102,520.00. Following the transaction, the insider now owns 14,298 shares in the company, valued at approximately $366,457.74. The disclosure for this sale can be found here. Corporate insiders own 6.89% of the company’s stock.
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.
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