MUR Stock Recent News

Murphy Oil (MUR) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Murphy Oil (MUR) have what it takes?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Murphy USA is the fourth-largest convenience store chain in the United States. The company's large scale lets it offer low prices, yet it generates immense cash flows.

After closing out 2023 with a 15.1% gain, the Russell 2000 looks even better this year in the new year. In fact, since Jan. 2, the index is up about 4% year to date, and could push even higher, taking some of the most undervalued Russell 2000 stocks along for the ride.

Murphy Oil announces a 10% dividend increase for the second year in a row. The company's portfolio allows them to search for profitable projects while repaying debt, growing production, and increasing dividends. Murphy Oil has a strong balance sheet and low debt ratio, making them flexible for potential deals and major discoveries.

Murphy Oil Corporation. (MUR) Q4 2023 Earnings Call Transcript

Murphy Oil's (MUR) fourth-quarter earnings is lower than expected and the plans to invest nearly 85% of its capital expenditure planned for 2024 in development activities.

The headline numbers for Murphy Oil (MUR) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Murphy Oil (MUR) came out with quarterly earnings of $0.90 per share, missing the Zacks Consensus Estimate of $1.03 per share. This compares to earnings of $1.10 per share a year ago.