Dividend Watching: $0.25 dividends will be a reality for Murphy Oil Corporation (NYSE:MUR)’s shareholders on Dec 1, 2016.

Dividend Watching: $0.25 dividends will be a reality for Murphy Oil Corporation (NYSE:MUR)'s shareholders on Dec 1, 2016.

Murphy Oil Corporation (NYSE:MUR) is expected to pay $0.25 on Dec 1, 2016. The indicated annual dividend is $1.00. Shareholders owning the stock before Nov 9, 2016 will be eligible to receive the payout. Based on Murphy Oil Corporation’s current price of $26.77, the dividend is 0.93%. This dividend’s record date is Nov 14, 2016 and the announcement date is Oct 5, 2016. The stock increased 2.92% or $0.76 during the last trading session, hitting $26.77. Murphy Oil Corporation (NYSE:MUR) has risen 10.73% since April 5, 2016 and is uptrending. It has outperformed by 8.77% the S&P500.

Murphy Oil Corporation is an oil and gas exploration and production company. The company has a market cap of $4.60 billion. The Company’s exploration and production business explores for and produces crude oil, natural gas and natural gas liquids across the world. It currently has negative earnings. The Company’s exploration and production activities are subdivided into four geographic divisions, including the United States, Canada, Malaysia and all other countries.

Insitutional Activity: The institutional sentiment decreased to 0.95 in Q2 2016. Its down 0.08, from 1.03 in 2016Q1. The ratio is negative, as 38 funds sold all Murphy Oil Corporation shares owned while 117 reduced positions. 44 funds bought stakes while 103 increased positions. They now own 156.26 million shares or 4.31% less from 163.29 million shares in 2016Q1.
Gateway Invest Advisers Limited Liability Corp holds 0% or 16,575 shares in its portfolio. First Eagle Mgmt Limited Liability Co reported 14,226 shares or 0% of all its holdings. The Australia-based Amp Cap has invested 0.01% in Murphy Oil Corporation (NYSE:MUR). M&R Capital Management has 0% invested in the company for 35 shares. Intl Group holds 0% of its portfolio in Murphy Oil Corporation (NYSE:MUR) for 105,139 shares. Virginia Retirement System Et Al holds 0.15% of its portfolio in Murphy Oil Corporation (NYSE:MUR) for 321,800 shares. State Board Of Administration Of Florida Retirement Sys reported 295,303 shares or 0.03% of all its holdings. Shell Asset Management Communication last reported 8,674 shares in the company. Suntrust Banks holds 0.01% or 61,608 shares in its portfolio. Moreover, Gotham Asset Mgmt Ltd Liability Com has 0% invested in Murphy Oil Corporation (NYSE:MUR) for 13,020 shares. Utah Retirement holds 29,742 shares or 0.03% of its portfolio. Acropolis Inv Management Ltd Liability holds 69,980 shares or 0.42% of its portfolio. Willis Invest Counsel last reported 0.72% of its portfolio in the stock. Moreover, Dekabank Deutsche Girozentrale has 0% invested in Murphy Oil Corporation (NYSE:MUR) for 5,444 shares. Westpac Bk Corp reported 175,096 shares or 0% of all its holdings.

Insider Transactions: Since May 10, 2016, the stock had 1 buy, and 1 insider sale for $852,635 net activity. MURPHY ROBERT MADISON had bought 36,803 shares worth $889,255. On Monday, May 23 the insider GARDNER JOHN B sold $36,620. The insider MISNER ALLAN J. sold $210,521.

Murphy Oil Corporation (NYSE:MUR) Ratings Coverage

Out of 9 analysts covering Murphy Oil Corporation (NYSE:MUR), 1 rate it a “Buy”, 1 “Sell”, while 7 “Hold”. This means 11% are positive. Murphy Oil Corporation has been the topic of 22 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Tuesday, August 11 by Zacks. The company was maintained on Tuesday, January 12 by Barclays Capital. Raymond James upgraded Murphy Oil Corporation (NYSE:MUR) on Monday, June 20 to “Market Perform” rating. The stock of Murphy Oil Corporation (NYSE:MUR) earned “Perform” rating by Oppenheimer on Friday, July 31. Barclays Capital upgraded the stock to “Overweight” rating in Wednesday, July 13 report. The rating was upgraded by Credit Suisse to “Neutral” on Wednesday, July 22. UBS upgraded Murphy Oil Corporation (NYSE:MUR) rating on Thursday, July 30. UBS has “Neutral” rating and $36 price target. The firm has “Sector Perform” rating given on Friday, July 31 by RBC Capital Markets. The stock has “Neutral” rating given by JP Morgan on Wednesday, December 9. Iberia Capital Partners maintained Murphy Oil Corporation (NYSE:MUR) rating on Friday, February 12. Iberia Capital Partners has “Sector Perform” rating and $25 price target.

Another recent and important Murphy Oil Corporation (NYSE:MUR) news was published by Fool.com which published an article titled: “Here’s Why OPEC and Mexico Drove Murphy Oil Corporation’s Stock Up 15.2% in …” on October 10, 2016.

MUR Company Profile

Murphy Oil Corporation, incorporated on June 29, 1964, is an gas and oil 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 divisions, including the United States, Canada, Malaysia and all other countries. The Company’s principal exploration and production activities are conducted in the United States by Murphy Exploration & Production Company-USA (Murphy Expro USA), in Malaysia, Australia, Brunei, Vietnam, and Namibia by Murphy Exploration & Production Company-International (Murphy Expro International) and its subsidiaries, and in Western Canada and offshore Eastern Canada by Murphy Oil Company Ltd. (MOCL) and its subsidiaries. The Company’s crude oil, condensate and natural gas liquids production averages to approximately 136,634 barrels per day.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Related posts

Leave a Comment