MUR ,,, Murphy Oil Sets 2-For-1 Stock Split
Wednesday May 11, 4:36 pm ET
Murphy Oil Says Its Board Declares Two-For-One Stock Split Effective Next Month
EL DORADO, Ark. (AP) -- Oil and gas exploration company Murphy Oil Corp. on Wednesday said its board declared a two-for-one stock split effective next month.
Based on a closing price of $90.66 Wednesday, Murphy Oil shares are up about 13 percent this year and 36 percent from May 11 of last year, as higher prices for crude oil and natural gas have boosted earnings from its exploration and production businesses.
Murphy Oil's stock rose 85 cents to $91.49 in after-hours trading.
The company said the split will be effective June 3, with shareholders as of May 20 receiving one additional share for each share held.
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