Murphy USA Inc. (NYSE:MUSA - Get Free Report) declared a quarterly dividend on Thursday, August 14th, RTT News reports. Investors of record on Monday, August 25th will be paid a dividend of 0.53 per share by the specialty retailer on Thursday, September 4th. This represents a c) dividend on an annualized basis and a yield of 0.5%. This is a 6.0% increase from Murphy USA's previous quarterly dividend of $0.50.
Murphy USA has a dividend payout ratio of 7.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Murphy USA to earn $28.72 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 7.0%.
Murphy USA Stock Performance
NYSE:MUSA traded down $5.64 during trading hours on Thursday, hitting $389.13. 286,144 shares of the company traded hands, compared to its average volume of 297,114. The stock has a market capitalization of $7.51 billion, a price-to-earnings ratio of 16.11 and a beta of 0.42. Murphy USA has a twelve month low of $345.23 and a twelve month high of $561.08. The firm has a 50-day moving average of $407.58 and a 200 day moving average of $448.76. The company has a current ratio of 0.80, a quick ratio of 0.39 and a debt-to-equity ratio of 3.20.
Murphy USA (NYSE:MUSA - Get Free Report) last released its earnings results on Wednesday, July 30th. The specialty retailer reported $7.36 EPS for the quarter, beating the consensus estimate of $6.82 by $0.54. The firm had revenue of $5.01 billion during the quarter, compared to analysts' expectations of $5.17 billion. Murphy USA had a net margin of 2.52% and a return on equity of 64.63%. The business's quarterly revenue was down 8.2% compared to the same quarter last year. During the same period in the prior year, the company earned $6.92 EPS. On average, analysts forecast that Murphy USA will post 26.45 EPS for the current year.
Insider Buying and Selling at Murphy USA
In other Murphy USA news, Director Robert Madison Murphy purchased 5,000 shares of the stock in a transaction on Tuesday, August 5th. The shares were purchased at an average price of $367.01 per share, with a total value of $1,835,050.00. Following the acquisition, the director directly owned 389,172 shares of the company's stock, valued at $142,830,015.72. This represents a 1.30% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director David C. Haley purchased 1,000 shares of the stock in a transaction on Tuesday, May 27th. The stock was acquired at an average cost of $435.58 per share, for a total transaction of $435,580.00. Following the acquisition, the director directly owned 1,000 shares in the company, valued at approximately $435,580. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 9.04% of the company's stock.
Institutional Investors Weigh In On Murphy USA
Large investors have recently made changes to their positions in the company. GW&K Investment Management LLC bought a new stake in shares of Murphy USA in the 1st quarter worth about $27,000. EverSource Wealth Advisors LLC grew its holdings in shares of Murphy USA by 423.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 68 shares of the specialty retailer's stock worth $28,000 after purchasing an additional 55 shares during the last quarter. Ameritas Advisory Services LLC bought a new stake in shares of Murphy USA in the 2nd quarter worth about $29,000. TCTC Holdings LLC grew its holdings in shares of Murphy USA by 116.7% in the 1st quarter. TCTC Holdings LLC now owns 65 shares of the specialty retailer's stock worth $31,000 after purchasing an additional 35 shares during the last quarter. Finally, Golden State Wealth Management LLC grew its holdings in shares of Murphy USA by 1,925.0% in the 2nd quarter. Golden State Wealth Management LLC now owns 81 shares of the specialty retailer's stock worth $33,000 after purchasing an additional 77 shares during the last quarter. Institutional investors own 80.81% of the company's stock.
About Murphy USA
(
Get Free Report)
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 well as operates non-fuel convenience stores. It operates retail gasoline stores principally in the Southeast, Southwest, and Midwest United States.
Further Reading
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