Murphy USA Inc. (NYSE:MUSA – Get Rating) Director Robert Madison Murphy sold 40,000 shares of Murphy USA stock in a transaction dated Wednesday, May 11th. The shares were sold at an average price of $239.52, for a total value of $9,580,800.00. Following the completion of the sale, the director now owns 523,524 shares of the company’s stock, valued at approximately $125,394,468.48. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Shares of NYSE:MUSA traded up $4.11 during trading on Friday, reaching $248.80. 372,712 shares of the stock were exchanged, compared to its average volume of 290,965. The company has a debt-to-equity ratio of 2.27, a quick ratio of 0.77 and a current ratio of 1.08. Murphy USA Inc. has a 12-month low of $126.56 and a 12-month high of $251.51. The firm has a market cap of $6.02 billion, a price-to-earnings ratio of 12.82 and a beta of 0.82. The firm’s 50-day moving average price is $213.86 and its 200 day moving average price is $195.06.
Murphy USA (NYSE:MUSA – Get Rating) last released its quarterly earnings results on Tuesday, May 3rd. The specialty retailer reported $6.08 earnings per share for the quarter, topping analysts’ consensus estimates of $3.01 by $3.07. The firm had revenue of $5.12 billion during the quarter, compared to analysts’ expectations of $4.75 billion. Murphy USA had a return on equity of 62.11% and a net margin of 2.61%. Murphy USA’s quarterly revenue was up 94.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.01 EPS. As a group, equities research analysts forecast that Murphy USA Inc. will post 14.26 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 1st. Shareholders of record on Tuesday, May 17th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date is Monday, May 16th. This is a boost from Murphy USA’s previous quarterly dividend of $0.29. Murphy USA’s dividend payout ratio is currently 6.08%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership raised its position in shares of Murphy USA by 50.0% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 23,957 shares of the specialty retailer’s stock valued at $4,790,000 after acquiring an additional 7,983 shares in the last quarter. Federated Hermes Inc. increased its position in Murphy USA by 409.8% in the first quarter. Federated Hermes Inc. now owns 20,631 shares of the specialty retailer’s stock worth $4,126,000 after buying an additional 16,584 shares during the period. Southernsun Asset Management LLC grew its stake in shares of Murphy USA by 5.1% in the first quarter. Southernsun Asset Management LLC now owns 195,120 shares of the specialty retailer’s stock worth $39,016,000 after purchasing an additional 9,493 shares in the last quarter. Ergoteles LLC bought a new position in shares of Murphy USA in the first quarter worth $824,000. Finally, Covestor Ltd grew its stake in shares of Murphy USA by 110.0% in the first quarter. Covestor Ltd now owns 548 shares of the specialty retailer’s stock worth $110,000 after purchasing an additional 287 shares in the last quarter. Hedge funds and other institutional investors own 84.74% of the company’s stock.
A number of analysts have recently issued reports on the company. Raymond James boosted their target price on Murphy USA from $215.00 to $260.00 and gave the stock an “outperform” rating in a report on Tuesday, April 19th. StockNews.com assumed coverage on Murphy USA in a report on Thursday, March 31st. They set a “buy” rating for the company.
About Murphy USA (Get Rating)
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 of December 31, 2021, it operated 1,679 retail gasoline stores principally in the Southeast, Southwest, and Midwest United States.
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