Key Points
- Director Robert Murphy sold 1,000 Murphy USA shares for $588,930, an average price of $588.93 per share. After the sale, he held 40,379 shares, a 2.42% reduction in his ownership.
- Murphy USA reported quarterly EPS of $9.59, beating the $8.37 analyst consensus, while revenue of $6.89 billion also exceeded expectations and rose 34.8% year over year.
- The company raised its quarterly dividend from $0.65 to $0.72 per share. Analysts’ consensus rating was “Moderate Buy,” with an average price target of $606.33.
Murphy USA Inc. (NYSE:MUSA - Get Free Report) Director Robert Murphy sold 1,000 shares of the company's stock in a transaction on Monday, May 4th. The shares were sold at an average price of $588.93, for a total transaction of $588,930.00. Following the completion of the transaction, the director owned 40,379 shares in the company, valued at approximately $23,780,404.47. This represents a 2.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Murphy USA Price Performance
Shares of MUSA opened at $502.21 on Thursday. The firm has a market capitalization of $9.09 billion, a PE ratio of 14.28, a PEG ratio of 1.28 and a beta of 0.31. The company's 50-day moving average is $521.76 and its 200-day moving average is $515.84. Murphy USA Inc. has a fifty-two week low of $352.42 and a fifty-two week 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.
Murphy USA (NYSE:MUSA - Get Free Report) last posted its earnings results on Wednesday, October 28th. The specialty retailer reported $9.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $8.37 by $1.22. The company had revenue of $6.89 billion during the quarter, compared to analysts' expectations of $6.25 billion. Murphy USA had a net margin of 2.85% and a return on equity of 92.81%. Murphy USA's quarterly revenue was up 34.8% compared to the same quarter last year. During the same quarter last year, the company posted $7.25 EPS. Equities analysts forecast that Murphy USA Inc. will post 35.24 EPS for the current year.
Murphy USA Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Wednesday, November 4th will be issued a $0.72 dividend. The ex-dividend date of this dividend is Wednesday, November 4th. This represents a $2.88 annualized dividend and a yield of 0.6%. This is an increase from Murphy USA's previous quarterly dividend of $0.65. Murphy USA's payout ratio is currently 7.29%.
Analyst Ratings Changes
Several equities research analysts have issued reports on MUSA shares. Bank of America raised their price objective on shares of Murphy USA from $600.00 to $625.00 and gave the stock a "neutral" rating in a research report on Friday, July 10th. Wells Fargo & Company upped their target price on Murphy USA from $520.00 to $570.00 and gave the company an "equal weight" rating in a research report on Monday, July 20th. Royal Bank Of Canada increased their target price on Murphy USA from $612.00 to $621.00 and gave the stock a "sector perform" rating in a research note on Thursday, October 29th. 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 cut Murphy USA from a "strong-buy" rating to a "buy" rating in a report on Monday, October 19th. Six research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Murphy USA presently has a consensus rating of "Moderate Buy" and a consensus target price of $606.33.
Read Our Latest Stock Report on Murphy USA
Institutional Trading of Murphy USA
Institutional investors have recently bought and sold shares of the business. CX Institutional bought a new position in shares of Murphy USA during the third quarter worth approximately $33,000. Root Financial Partners LLC raised its position in shares of Murphy USA by 82.5% in the first quarter. Root Financial Partners LLC now owns 73 shares of the specialty retailer's stock valued at $36,000 after buying an additional 33 shares in the last quarter. Keating Financial Advisory Services Inc. acquired a new stake in shares of Murphy USA in the second quarter valued at approximately $37,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Murphy USA in the second quarter valued at approximately $48,000. Finally, Pin Oak Investment Advisors Inc. bought a new stake in shares of Murphy USA in the second quarter valued at approximately $48,000. Institutional investors own 80.81% of the company's stock.
About Murphy USA
(
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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