Key Points
- Director Robert Madison Murphy sold 41,500 shares at an average of $596.96 for a total of $24,773,840, reducing his holding by 10.82% to 342,212 shares, per an SEC filing.
- Murphy USA beat quarterly estimates with EPS of $7.28 (vs. $5.37 expected) and revenue of $4.82B (up 6.5% YoY), though the stock was reported down about 4.7% and trades with a market cap of $10.65B and a PE of 19.91.
Murphy USA Inc. (NYSE:MUSA - Get Free Report) SVP Scott Woodward sold 158 shares of Murphy USA stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $600.50, for a total transaction of $94,879.00. Following the transaction, the senior vice president directly owned 476 shares of the company's stock, valued at $285,838. This represents a 24.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Murphy USA Price Performance
Shares of NYSE MUSA opened at $575.87 on Thursday. Murphy USA Inc. has a twelve month low of $345.23 and a twelve month high of $609.82. The firm has a fifty day simple moving average of $480.50 and a 200 day simple moving average of $426.53. The company has a market capitalization of $10.65 billion, a PE ratio of 19.91, a P/E/G ratio of 2.13 and a beta of 0.36. The company has a quick ratio of 0.48, a current ratio of 0.83 and a debt-to-equity ratio of 3.24.
Murphy USA (NYSE:MUSA - Get Free Report) last announced its earnings results on Wednesday, April 29th. The specialty retailer reported $7.28 earnings per share for the quarter, topping analysts' consensus estimates of $5.37 by $1.91. Murphy USA had a net margin of 2.81% and a return on equity of 91.05%. The business had revenue of $4.82 billion during the quarter, compared to the consensus estimate of $4.70 billion. During the same quarter last year, the firm earned $2.63 earnings per share. Murphy USA's quarterly revenue was up 6.5% on a year-over-year basis. On average, sell-side analysts forecast that Murphy USA Inc. will post 30.08 EPS for the current year.
Murphy USA Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, February 23rd were paid a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Monday, February 23rd. Murphy USA's payout ratio is 8.71%.
Institutional Investors Weigh In On Murphy USA
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Kenora Financial LLC increased its position in shares of Murphy USA by 3.3% during the first quarter. Kenora Financial LLC now owns 654 shares of the specialty retailer's stock worth $323,000 after acquiring an additional 21 shares in the last quarter. Enhancing Capital LLC boosted its holdings in Murphy USA by 2.1% during the fourth quarter. Enhancing Capital LLC now owns 1,132 shares of the specialty retailer's stock worth $457,000 after purchasing an additional 23 shares during the last quarter. NBC Securities Inc. boosted its holdings in Murphy USA by 1.4% during the fourth quarter. NBC Securities Inc. now owns 1,752 shares of the specialty retailer's stock worth $707,000 after purchasing an additional 24 shares during the last quarter. Fifth Third Wealth Advisors LLC boosted its holdings in Murphy USA by 3.0% during the first quarter. Fifth Third Wealth Advisors LLC now owns 864 shares of the specialty retailer's stock worth $427,000 after purchasing an additional 25 shares during the last quarter. Finally, Sequoia Financial Advisors LLC boosted its holdings in Murphy USA by 4.8% during the third quarter. Sequoia Financial Advisors LLC now owns 585 shares of the specialty retailer's stock worth $227,000 after purchasing an additional 27 shares during the last quarter. 80.81% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several equities research analysts have weighed in on MUSA shares. Weiss Ratings downgraded shares of Murphy USA from a "hold (c+)" rating to a "hold (c)" rating in a research note on Monday. Royal Bank Of Canada lifted their price target on shares of Murphy USA from $510.00 to $517.00 and gave the company a "sector perform" rating in a research note on Thursday, April 30th. JPMorgan Chase & Co. started coverage on shares of Murphy USA in a research note on Thursday, March 26th. They issued an "overweight" rating and a $539.00 price target for the company. Wall Street Zen raised shares of Murphy USA from a "buy" rating to a "strong-buy" rating in a research note on Saturday, May 2nd. Finally, KeyCorp boosted their target price on shares of Murphy USA from $560.00 to $600.00 and gave the stock an "overweight" rating in a research report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $503.71.
View Our Latest Research Report on MUSA
Murphy USA Company Profile
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Get Free Report)
Murphy USA is a leading downstream marketer of gasoline, diesel and convenience store products in the United States. Headquartered in El Dorado, Arkansas, the company was originally established as part of Murphy Oil Corporation and was spun off as an independent public entity in 2013. Since its separation, Murphy USA has focused on retail fueling services and convenience offerings designed to deliver value and convenience to consumers.
The company's primary operations center on two retail formats.
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