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MUR - Murphy Oil: Thoughts On Dividend After Q4 Results
Murphy Oil Corporation
On January 30, Murphy Oil (MUR), an independent exploration & production company, presented its fourth-quarter and full-year results. The stock underperformed both on quarterly revenue and EPS; 2019 was also overshadowed by a steep decline in the GAAP net income.
The coronavirus-induced sell-off propelled MUR's yield to around 4.5%, the level that some investors might find appealing, especially considering the low-yield environment after a parade of rate cuts across the globe. Yet, I think there are a few essential facts they should bear in mind before considering to buy the stock.