Murphy USA (NYSE:MUSA) Announces Earnings Results

Murphy USA (NYSE:MUSA – Get Free Report) released its quarterly earnings data on Wednesday. The specialty retailer reported $9.59 EPS for the quarter, topping the consensus estimate of $8.37 by $1.22, FiscalAI reports. The business had revenue of $6.89 billion for the quarter, compared to analyst estimates of $6.25 billion. Murphy USA had a return on equity of 96.01% and a net margin of 2.87%.

Murphy USA Price Performance

NYSE MUSA traded down $17.01 on Wednesday, hitting $514.10. The company had a trading volume of 372,948 shares, compared to its average volume of 313,443. The company has a debt-to-equity ratio of 2.77, a current ratio of 0.92 and a quick ratio of 0.54. The company’s fifty day moving average price is $527.33 and its 200-day moving average price is $513.41. The company has a market capitalization of $9.50 billion, a PE ratio of 15.65, a PEG ratio of 1.37 and a beta of 0.29. Murphy USA has a 12-month low of $349.83 and a 12-month high of $636.04.

Murphy USA Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Wednesday, November 4th will be issued a $0.72 dividend. This represents a $2.88 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Wednesday, November 4th. This is a boost from Murphy USA’s previous quarterly dividend of $0.65. Murphy USA’s payout ratio is presently 8.77%.

Insider Buying and Selling at Murphy USA

In other news, Director Rosemary Turner sold 966 shares of the business’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $571.88, for a total transaction of $552,436.08. Following the completion of the sale, the director owned 449 shares of the company’s stock, valued at $256,774.12. The trade was a 68.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Eric J. Bartko sold 100 shares of the business’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $523.60, for a total transaction of $52,360.00. Following the sale, the senior vice president directly owned 252 shares of the company’s stock, valued at $131,947.20. This represents a 28.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 9.02% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on MUSA. Bank of America lifted their target price on shares of Murphy USA from $600.00 to $625.00 and gave the company a “neutral” rating in a report on Friday, July 10th. JPMorgan Chase & Co. lowered their price target on shares of Murphy USA from $633.00 to $626.00 and set an “overweight” rating on the stock in a report on Thursday, October 22nd. Jefferies Financial Group upgraded shares of Murphy USA from a “hold” rating to a “buy” rating and raised their price target for the company from $550.00 to $625.00 in a research report on Wednesday, July 1st. Royal Bank Of Canada cut their price objective on shares of Murphy USA from $619.00 to $612.00 and set a “sector perform” rating for the company in a report on Thursday, October 15th. Finally, Wells Fargo & Company upped their price objective on shares of Murphy USA from $520.00 to $570.00 and gave the stock an “equal weight” rating in a research report on Monday, July 20th. Six research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $605.33.

Get Our Latest Research Report on MUSA

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.

Further Reading

Earnings History for Murphy USA (NYSE:MUSA)

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