Key Points
- Director David Goebel sold 1,000 Murphy USA shares for $511,360, reducing his holdings by 55.68% to 796 shares.
- Murphy USA reported quarterly EPS of $9.59, beating the $8.37 estimate, while revenue rose 34.8% year over year to $6.89 billion.
- The company raised its quarterly dividend from $0.65 to $0.72 per share; analysts have a “Moderate Buy” consensus and an average price target of $606.33.
Murphy USA Inc. (NYSE:MUSA - Get Free Report) Director David Goebel sold 1,000 shares of the business's stock in a transaction that occurred on Tuesday, November 3rd. The stock was sold at an average price of $511.36, for a total transaction of $511,360.00. Following the completion of the sale, the director owned 796 shares in the company, valued at $407,042.56. The trade was a 55.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Murphy USA Stock Down 0.5%
MUSA stock opened at $510.50 on Wednesday. The firm has a market cap of $9.24 billion, a PE ratio of 14.31, a P/E/G ratio of 1.29 and a beta of 0.31. Murphy USA Inc. has a 12 month low of $352.42 and a 12 month high of $636.04. The company has a debt-to-equity ratio of 2.73, a current ratio of 0.87 and a quick ratio of 0.53. The firm has a 50 day simple moving average of $522.63 and a 200 day simple moving average of $515.59.
Murphy USA (NYSE:MUSA - Get Free Report) last posted its quarterly earnings results on Wednesday, October 28th. The specialty retailer reported $9.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.37 by $1.22. The firm had revenue of $6.89 billion for the quarter, compared to analyst estimates of $6.25 billion. Murphy USA had a net margin of 2.85% and a return on equity of 92.81%. The firm's quarterly revenue was up 34.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $7.25 earnings per share. Equities research analysts forecast that Murphy USA Inc. will post 35.24 earnings per share for the current fiscal year.
Murphy USA Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Wednesday, November 4th will be given a dividend of $0.72 per share. This is a boost from Murphy USA's previous quarterly dividend of $0.65. The ex-dividend date is Wednesday, November 4th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 0.6%. Murphy USA's payout ratio is currently 7.29%.
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on MUSA shares. Wells Fargo & Company lifted their target price on Murphy USA from $520.00 to $570.00 and gave the stock an "equal weight" rating in a report on Monday, July 20th. JPMorgan Chase & Co. cut their target price on Murphy USA from $633.00 to $626.00 and set an "overweight" rating on the stock in a research report on Thursday, October 22nd. Bank of America upped their target price on Murphy USA from $600.00 to $625.00 and gave the company a "neutral" rating in a report on Friday, July 10th. Weiss Ratings raised Murphy USA from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday, October 21st. Finally, Wall Street Zen lowered Murphy USA from a "strong-buy" rating to a "buy" rating in a research report on Monday, October 19th. Six investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $606.33.
View Our Latest Stock Analysis on MUSA
Institutional Investors Weigh In On Murphy USA
Several hedge funds have recently made changes to their positions in MUSA. BlackRock Inc. purchased a new position in Murphy USA during the 2nd quarter worth approximately $915,734,000. Bank of New York Mellon Corp acquired a new stake in Murphy USA during the 2nd quarter valued at $78,372,000. Copeland Capital Management LLC acquired a new stake in Murphy USA during the 3rd quarter valued at $54,143,000. Engineers Gate Manager LP lifted its holdings in shares of Murphy USA by 21,322.2% in the second quarter. Engineers Gate Manager LP now owns 103,041 shares of the specialty retailer's stock valued at $55,526,000 after purchasing an additional 102,560 shares in the last quarter. Finally, Man Group plc purchased a new stake in shares of Murphy USA in the second quarter valued at $49,320,000. Hedge funds and other institutional investors own 80.81% of the company's stock.
Murphy USA Company Profile
(
Get Free Report)
Murphy USA Inc is a U.S. operator of retail fuel and convenience stores. The company sells gasoline and diesel fuel along with tobacco products, packaged beverages, snacks, candy, grocery items, general merchandise and other convenience products. Many locations also offer prepared food and related services.
The company operates stores under the Murphy USA and Murphy Express brands, with a network concentrated primarily in the Southern, Southeastern and Midwestern United States. Murphy USA locations are commonly situated near Walmart stores, while Murphy Express sites generally operate as standalone convenience stores.
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