Murphy USA (NYSE:MUSA) SVP Sells $297,011.33 in Stock
by Doug Wharley · The Cerbat GemMurphy USA Inc. (NYSE:MUSA – Get Free Report) SVP Keith Emery sold 517 shares of the stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $574.49, for a total transaction of $297,011.33. Following the completion of the sale, the senior vice president owned 500 shares of the company’s stock, valued at approximately $287,245. The trade was a 50.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Murphy USA Stock Performance
Shares of NYSE MUSA traded up $3.24 during mid-day trading on Monday, hitting $564.92. The company had a trading volume of 245,515 shares, compared to its average volume of 352,156. The company has a debt-to-equity ratio of 3.24, a current ratio of 0.83 and a quick ratio of 0.48. The business’s 50-day simple moving average is $505.73 and its 200-day simple moving average is $436.25. Murphy USA Inc. has a 12 month low of $345.23 and a 12 month high of $609.82. The firm has a market cap of $10.43 billion, a P/E ratio of 19.53, a PEG ratio of 1.88 and a beta of 0.36.
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 for the quarter, beating the consensus estimate of $5.37 by $1.91. Murphy USA had a net margin of 2.81% and a return on equity of 91.05%. The business had revenue of $4.82 billion during the quarter, compared to analysts’ expectations of $4.70 billion. During the same quarter last year, the company earned $2.63 earnings per share. The firm’s revenue was up 6.5% on a year-over-year basis. As a group, analysts predict that Murphy USA Inc. will post 31.8 earnings per share for the current fiscal year.
Murphy USA Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Monday, May 18th will be paid a dividend of $0.64 per share. This is a positive change from Murphy USA’s previous quarterly dividend of $0.63. This represents a $2.56 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Monday, May 18th. Murphy USA’s dividend payout ratio is 8.71%.
Analyst Upgrades and Downgrades
A number of research analysts have commented on MUSA shares. Royal Bank Of Canada raised their price target on shares of Murphy USA from $510.00 to $517.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 30th. Zacks Research upgraded shares of Murphy USA from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 28th. Stephens cut their price target on shares of Murphy USA from $475.00 to $450.00 and set an “overweight” rating for the company in a research note on Friday, February 6th. JPMorgan Chase & Co. started coverage on shares of Murphy USA in a research note on Thursday, March 26th. They set an “overweight” rating and a $539.00 price target for the company. Finally, KeyCorp raised their price target on shares of Murphy USA from $560.00 to $600.00 and gave the stock an “overweight” rating in a research note on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $503.71.
Get Our Latest Stock Report on MUSA
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of the company. Royal Bank of Canada raised its stake in shares of Murphy USA by 2.5% in the first quarter. Royal Bank of Canada now owns 12,797 shares of the specialty retailer’s stock valued at $6,322,000 after acquiring an additional 308 shares during the last quarter. Recurrent Investment Advisors LLC increased its holdings in shares of Murphy USA by 23.2% in the first quarter. Recurrent Investment Advisors LLC now owns 146,119 shares of the specialty retailer’s stock valued at $71,986,000 after purchasing an additional 27,513 shares in the last quarter. Encompass Capital Advisors LLC acquired a new stake in shares of Murphy USA in the first quarter valued at approximately $44,457,000. Quantinno Capital Management LP increased its holdings in shares of Murphy USA by 4.5% in the first quarter. Quantinno Capital Management LP now owns 12,897 shares of the specialty retailer’s stock valued at $6,371,000 after purchasing an additional 559 shares in the last quarter. Finally, SummitTX Capital L.P. acquired a new stake in shares of Murphy USA in the first quarter valued at approximately $1,955,000. Institutional investors own 80.81% of the company’s stock.
About Murphy USA
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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