Murphy Oil Corporation [MUR] Stock Forecast

HOUSTON--(BUSINESS WIRE)--Murphy Oil Corporation (NYSE: MUR) will host a conference call and webcast beginning at 9:00 a.m. Eastern Daylight Time (EDT) on Wednesday, May 3, 2023 to discuss first quarter 2023 earnings. The company plans to release its financial and operating results before the market opens that morning. A webcast link and related presentation material will be included on the Investors page of the company's website at http://ir.murphyoilcorp.com.

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.

HOUSTON--(BUSINESS WIRE)--Murphy Oil Corporation (NYSE: MUR) today announced that Roger W. Jenkins, President and Chief Executive Officer, will present at the 51st Annual Scotia Howard Weil Energy Conference on Wednesday, March 8, 2023 at 10:30 a.m. Eastern Standard Time (EST). The live video webcast presentation will be available on the company's website at http://ir.murphyoilcorp.com.

Amid institutional bullishness for the hydrocarbon energy market, oil and natural gas exploration and production firm Murphy Oil (US:MUR) has so far gained over 7% on a year-to-date basis.

Murphy Oil posted a fourth-quarter 2022 adjusted net income, excluding discontinued operations and other one-off items, of $1.10 per diluted share, beating slightly analysts' expectations. Murphy Oil declared a quarterly dividend of $0.275 per share in the fourth quarter of 2022, an increase of 10%.

Murphy Oil (MUR) improves shareholders value by increasing its quarterly dividend rate by 10%. Murphy Oil also lowers its outstanding debt.

Murphy Oil Corporation (NYSE:MUR ) Q4 2022 Earnings Conference Call January 26, 2022 9:00 AM ET Company Participants Kelly Whitley - Vice President, Investor Relations & Communications Roger Jenkins - President & Chief Executive Officer Tom Mireles - Executive Vice President & Chief Financial Officer Eric Hambly - Executive Vice President of Operations Conference Call Participants Arun Jayaram - JPMorgan Charles Meade - Johnson Rice Leo Mariani - MKM Paul Cheng - Scotiabank Neal Dingmann - Truist Securities Neil Mehta - Goldman Sachs Operator Good morning, ladies and gentlemen, and welcome to the Murphy Oil Corporation Fourth Quarter 2022 Earnings Conference Call. [Operator Instructions] I would now like to turn the conference over to Kelly Whitley, Vice President, Investor Relations and Communications.

Murphy Oil (MUR) delivered earnings and revenue surprises of 0.92% and 19.95%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Murphy Oil Corp. MUR said Thursday it has raised its quarterly dividend by 10%, to 27.5 cents a share from 25.0 cents a share. The new dividend will be payable March 1 to shareholders of record on Feb. 13.

While driving climate change initiatives and cutting carbon dioxide emissions, top oil stock Hess fuels a potential new breakout.   The post Oil Stock Fuels Growth While Driving Climate Change Initiatives appeared first on Investor's Business Daily.

Murphy Oil Corporation is a US stock , located in Houston of Tx and trading under the symbol MUR

6 stock analysts have 6 predictions with a medium analyst target price of $44.33. The lowest prediction is $35 and the highest is $53

With a median analyst target price of $44, 1 stock analysts have made 1 forecasts in last 90 days. $44 is the lowest and $44 is the greatest projection.

Murphy Oil Corporation stock price is $36.98 today.

Yes, Murphy Oil Corporation is a publicly traded company.