Murphy USA (NYSE:MUSA) Stock: Insider Robert Madison Murphy Sells 1,000 Shares

Murphy USA Inc. (NYSE:MUSA) Director Robert Murphy sold 1,000 shares of Murphy USA stock in a transaction on Monday, May 4th. The stock was sold at an average price of $588.93, for a total transaction of $588,930.00. Following the completion of the transaction, the director directly owned 40,379 shares of the company’s stock, valued at approximately $23,780,404.47. This represents a 2.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Murphy USA Stock Performance

Shares of MUSA stock opened at $515.12 on Friday. The company has a market cap of $9.32 billion, a P/E ratio of 14.44, a PEG ratio of 1.26 and a beta of 0.31. The business has a 50 day moving average of $521.42 and a two-hundred day moving average of $516.21. Murphy USA Inc. has a 52 week low of $352.42 and a 52 week high of $636.04. The company has a quick ratio of 0.53, a current ratio of 0.87 and a debt-to-equity ratio of 2.73.

Murphy USA (NYSE:MUSA) last announced 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. Murphy USA had a return on equity of 92.81% and a net margin of 2.85%. The business had revenue of $6.89 billion for the quarter, compared to the consensus estimate of $6.25 billion. During the same quarter last year, the business posted $7.25 EPS. The business’s revenue was up 34.8% on a year-over-year basis. As a group, analysts anticipate that Murphy USA Inc. will post 35.24 EPS for the current year.

Murphy USA Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Wednesday, November 4th will be given a $0.72 dividend. The ex-dividend date 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 8.07%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Jacobi Capital Management LLC bought a new position in Murphy USA during the third quarter worth about $32,000. CX Institutional bought a new stake in Murphy USA during the 3rd quarter worth approximately $33,000. Keating Financial Advisory Services Inc. bought a new stake in Murphy USA during the 2nd quarter worth approximately $37,000. Root Financial Partners LLC increased its holdings in Murphy USA by 82.5% during the 1st quarter. Root Financial Partners LLC now owns 73 shares of the specialty retailer’s stock valued at $36,000 after purchasing an additional 33 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Murphy USA in the second quarter valued at about $48,000. 80.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on MUSA. Royal Bank Of Canada boosted their target price on Murphy USA from $612.00 to $621.00 and gave the stock a “sector perform” rating in a report on Thursday, October 29th. Wall Street Zen cut shares of Murphy USA from a “strong-buy” rating to a “buy” rating in a report on Monday, October 19th. Weiss Ratings upgraded Murphy USA from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 21st. JPMorgan Chase & Co. dropped their price objective on shares of Murphy USA from $633.00 to $626.00 and set an “overweight” rating on the stock in a research note on Thursday, October 22nd. Finally, Bank of America raised their price target on Murphy USA from $600.00 to $625.00 and gave the stock a “neutral” rating in a research note on Friday, July 10th. Six equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Murphy USA has a consensus rating of “Moderate Buy” and an average price target of $606.33.

Murphy USA Company Profile

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.