Thursday, February 23, 2017

Dividend Stock To Watch: Murphy Oil Corporation (MUR)

Murphy Oil Corporation (NYSE:MUR) share price jumped at US$ 28.8416 before falling back to end the trade at US$ 28.57 a share. The dividend stock is -20.75% off a 52-week high stock price of US$ 37.48 but is up 94.13% since hitting the US$ 15.3.

After a 1.71% rise from previous close of US$ 28.09, Murphy Oil Corporation (MUR) has a US$ 4.9 Billion market cap. The company pays a US$ 0.25-cent-per-share quarterly dividend, giving it a 3.5% yield. That brings its full year payout to US$ 1. According to FT, Year on year, both dividends per share and earnings per share excluding extraordinary items growth increased 5.08% and 1.50%, respectively. The positive trend in dividend payments is noteworthy since very few companies in the Business Services industry pay a dividend. Additionally when measured on a five year annualized basis, both dividend per share and earnings per share growth ranked in-line with the industry average relative to its peers.

The MUR has tumbled -7.4% year-to-date. The equity has slowed down in recent weeks, with shares lower about -4.87% in the past three months. It added 0.53%, climbed -9.41% and jumped -3.21% in the week, one month and six months, respectively. Revenue growth rate was recorded at -15.1% and net income per share was seen moving at a -20.8% rate in the past five years.

Murphy Oil Corporation (NYSE:MUR) is over 12% above analysts’ consensus price target of US$ 32.56. The stock has blown through analysts’ low price target of US$ 24, but is still below the high US$ 42 target. On a price appreciation basis over the past 12 months, the stock returned 76.06%.

Financial Times data shows, Murgitroyd Group plc had revenues for the full year 2016 of 42.23m. This was 6.06% above the prior year’s results. The most recent short interest data show 14.14% of the company’s stock are short sold. It would take about 8.28 days to cover all short positions. In terms of volatility, it has a beta coefficient of 2.07 and technical analysis volatility indicator called Average True Range or ATR around 0.9.

Murphy Oil Corporation (NYSE:MUR) closed -2.04% below its 200-day moving average which many technicians use as a guide to the long-term trend, so stocks above the line are considered to be in longer-term uptrends, while those below it are considered to be in downtrends. The stock is -6.93% below another chart threshold, its 50-day moving average and -1.72% below its 20-day simple moving average.

The Wellesleys News

Dividend Stock To Watch: Murphy Oil Corporation (MUR)

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