Murphy USA Inc. (NYSE:MUSA - Get Free Report) Director Rosemary Turner sold 205 shares of the business's stock in a transaction on Monday, May 6th. The stock was sold at an average price of $400.00, for a total value of $82,000.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Murphy USA Stock Performance
NYSE:MUSA opened at $412.92 on Wednesday. The company has a 50-day moving average of $414.74 and a 200-day moving average of $385.72. The firm has a market cap of $8.59 billion, a price-to-earnings ratio of 17.33 and a beta of 0.77. The company has a current ratio of 0.87, a quick ratio of 0.54 and a debt-to-equity ratio of 2.28. Murphy USA Inc. has a twelve month low of $268.69 and a twelve month high of $430.83.
Murphy USA (NYSE:MUSA - Get Free Report) last issued its earnings results on Wednesday, May 1st. The specialty retailer reported $3.12 earnings per share for the quarter, missing analysts' consensus estimates of $4.09 by ($0.97). The business had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $4.89 billion. Murphy USA had a return on equity of 64.45% and a net margin of 2.43%. The company's quarterly revenue was down 4.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.80 earnings per share. Analysts forecast that Murphy USA Inc. will post 26.29 earnings per share for the current fiscal year.
Murphy USA Increases Dividend
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The business also recently announced a quarterly dividend, which was paid on Thursday, March 7th. Stockholders of record on Monday, February 26th were given a dividend of $0.42 per share. The ex-dividend date was Friday, February 23rd. This is a positive change from Murphy USA's previous quarterly dividend of $0.41. This represents a $1.68 dividend on an annualized basis and a dividend yield of 0.41%. Murphy USA's payout ratio is 7.05%.
Wall Street Analyst Weigh In
Several research firms recently weighed in on MUSA. Wells Fargo & Company upped their price objective on shares of Murphy USA from $440.00 to $460.00 and gave the stock an "overweight" rating in a report on Friday, April 19th. Royal Bank of Canada increased their price objective on shares of Murphy USA from $382.00 to $408.00 and gave the company a "sector perform" rating in a report on Thursday, February 8th. Finally, Stephens reissued an "overweight" rating and set a $470.00 target price on shares of Murphy USA in a report on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $408.60.
Check Out Our Latest Analysis on MUSA
Hedge Funds Weigh In On Murphy USA
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Inspire Investing LLC lifted its stake in Murphy USA by 74.0% during the first quarter. Inspire Investing LLC now owns 6,506 shares of the specialty retailer's stock valued at $2,727,000 after buying an additional 2,766 shares in the last quarter. Donoghue Forlines LLC purchased a new stake in shares of Murphy USA in the 1st quarter valued at approximately $1,589,000. Verus Capital Partners LLC acquired a new position in Murphy USA in the 1st quarter worth approximately $311,000. Choate Investment Advisors purchased a new position in Murphy USA during the 1st quarter worth approximately $218,000. Finally, Sei Investments Co. raised its stake in Murphy USA by 21.2% during the 1st quarter. Sei Investments Co. now owns 16,673 shares of the specialty retailer's stock valued at $6,991,000 after purchasing an additional 2,911 shares during the period. Institutional investors and hedge funds own 80.81% of the company's stock.
Murphy USA Company Profile
(
Get Free Report)
Murphy USA Inc engages in marketing of retail motor fuel products and convenience merchandise. The company operates retail stores under the Murphy USA, Murphy Express, and QuickChek brands, as well as operates non-fuel convenience stores. It operates retail gasoline stores principally in the Southeast, Southwest, and Midwest United States.
Further Reading
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