Key Points
- Director Diane Landen sold 3,000 shares of Murphy USA on June 5 at an average price of $547.25, for proceeds of about $1.64 million. After the sale, she still owned 53,841 shares, and the transaction reduced her stake by 5.28%.
- Murphy USA reported strong quarterly results, with EPS of $7.28 versus analyst expectations of $5.37 and revenue of $4.82 billion, beating estimates. The company also posted 6.5% year-over-year revenue growth.
- The company increased its quarterly dividend to $0.64 per share from $0.63, payable on June 1. That puts the annualized dividend at $2.56 per share, for a yield of about 0.5%.
Murphy USA Inc. (NYSE:MUSA - Get Free Report) Director Diane Landen sold 3,000 shares of Murphy USA stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $547.25, for a total value of $1,641,750.00. Following the transaction, the director directly owned 53,841 shares in the company, valued at approximately $29,464,487.25. This trade represents a 5.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Murphy USA Trading Up 1.9%
NYSE:MUSA opened at $556.64 on Wednesday. The firm has a market cap of $10.28 billion, a P/E ratio of 19.24, a PEG ratio of 1.79 and a beta of 0.30. The company has a current ratio of 0.83, a quick ratio of 0.48 and a debt-to-equity ratio of 3.24. The stock's 50 day simple moving average is $532.56 and its 200-day simple moving average is $456.91. Murphy USA Inc. has a 12-month low of $345.23 and a 12-month high of $609.82.
Murphy USA (NYSE:MUSA - Get Free Report) last released its earnings results on Wednesday, April 29th. The specialty retailer reported $7.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.37 by $1.91. The business had revenue of $4.82 billion for the quarter, compared to analyst estimates of $4.70 billion. Murphy USA had a return on equity of 91.05% and a net margin of 2.81%.The company's revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.63 earnings per share. Equities analysts anticipate that Murphy USA Inc. will post 32.32 EPS for the current year.
Murphy USA Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 18th were issued a $0.64 dividend. The ex-dividend date of this dividend was Monday, May 18th. This is an increase from Murphy USA's previous quarterly dividend of $0.63. This represents a $2.56 dividend on an annualized basis and a dividend yield of 0.5%. Murphy USA's dividend payout ratio is presently 8.85%.
Analyst Upgrades and Downgrades
A number of research analysts have recently issued reports on MUSA shares. Wells Fargo & Company boosted their target price on Murphy USA from $450.00 to $520.00 and gave the company an "equal weight" rating in a report on Friday, May 1st. Wall Street Zen lowered Murphy USA from a "strong-buy" rating to a "buy" rating in a report on Saturday, May 30th. Royal Bank Of Canada boosted their target price on Murphy USA from $510.00 to $517.00 and gave the company a "sector perform" rating in a report on Thursday, April 30th. Bank of America raised Murphy USA from an "underperform" rating to a "neutral" rating and boosted their target price for the company from $350.00 to $550.00 in a report on Thursday, April 23rd. Finally, JPMorgan Chase & Co. started coverage on Murphy USA in a report on Thursday, March 26th. They issued an "overweight" rating and a $539.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Murphy USA presently has a consensus rating of "Moderate Buy" and an average target price of $503.71.
View Our Latest Research Report on Murphy USA
Institutional Trading of Murphy USA
A number of institutional investors have recently bought and sold shares of the company. AQR Capital Management LLC boosted its position in Murphy USA by 149.9% during the fourth quarter. AQR Capital Management LLC now owns 507,418 shares of the specialty retailer's stock worth $204,753,000 after purchasing an additional 304,354 shares in the last quarter. River Road Asset Management LLC boosted its position in Murphy USA by 1.6% during the fourth quarter. River Road Asset Management LLC now owns 506,214 shares of the specialty retailer's stock worth $204,267,000 after purchasing an additional 7,973 shares in the last quarter. Barclays PLC boosted its position in Murphy USA by 318.6% during the third quarter. Barclays PLC now owns 424,818 shares of the specialty retailer's stock worth $164,940,000 after purchasing an additional 323,331 shares in the last quarter. Morgan Stanley boosted its position in Murphy USA by 45.6% during the fourth quarter. Morgan Stanley now owns 318,473 shares of the specialty retailer's stock worth $128,511,000 after purchasing an additional 99,798 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Murphy USA by 0.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 300,758 shares of the specialty retailer's stock worth $121,365,000 after purchasing an additional 1,930 shares in the last quarter. 80.81% of the stock is currently owned by hedge funds and other institutional investors.
About Murphy USA
(
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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