Murphy USA Inc. (NYSE:MUSA - Get Free Report) shares reached a new 52-week low during trading on Monday . The stock traded as low as $422.53 and last traded at $424.70, with a volume of 85158 shares traded. The stock had previously closed at $426.79.
Analyst Ratings Changes
Several research analysts recently commented on the company. Stephens dropped their price target on Murphy USA from $530.00 to $475.00 and set an "overweight" rating for the company in a research report on Friday, May 9th. Raymond James downgraded shares of Murphy USA from an "outperform" rating to a "market perform" rating in a research note on Friday, May 9th. Melius Research raised shares of Murphy USA to a "strong-buy" rating in a research note on Tuesday, March 11th. Wells Fargo & Company cut their price target on shares of Murphy USA from $555.00 to $550.00 and set an "overweight" rating on the stock in a report on Friday, February 7th. Finally, Melius began coverage on shares of Murphy USA in a report on Tuesday, March 11th. They issued a "buy" rating and a $600.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $526.29.
Check Out Our Latest Stock Analysis on MUSA
Murphy USA Stock Performance
The company has a current ratio of 0.79, a quick ratio of 0.37 and a debt-to-equity ratio of 2.18. The firm has a 50-day moving average of $471.48 and a 200-day moving average of $486.76. The stock has a market capitalization of $8.36 billion, a price-to-earnings ratio of 17.48 and a beta of 0.59.
Murphy USA (NYSE:MUSA - Get Free Report) last released its earnings results on Wednesday, May 7th. The specialty retailer reported $2.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.87 by ($1.24). Murphy USA had a net margin of 2.48% and a return on equity of 61.60%. The firm had revenue of $4.53 billion during the quarter, compared to analyst estimates of $4.79 billion. During the same period in the previous year, the company earned $3.12 earnings per share. Murphy USA's revenue was down 6.6% on a year-over-year basis. As a group, sell-side analysts predict that Murphy USA Inc. will post 26.45 earnings per share for the current year.
Murphy USA Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 12th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.47%. This is an increase from Murphy USA's previous quarterly dividend of $0.49. The ex-dividend date was Monday, May 12th. Murphy USA's dividend payout ratio is presently 8.44%.
Insider Activity at Murphy USA
In other Murphy USA news, Director David C. Haley purchased 1,000 shares of the stock in a transaction on Tuesday, May 27th. The shares were bought at an average cost of $435.58 per share, with a total value of $435,580.00. Following the completion of the acquisition, the director now owns 1,000 shares in the company, valued at $435,580. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 9.04% of the stock is owned by insiders.
Institutional Investors Weigh In On Murphy USA
Several hedge funds have recently added to or reduced their stakes in the business. Barclays PLC boosted its stake in shares of Murphy USA by 46.4% during the 3rd quarter. Barclays PLC now owns 9,890 shares of the specialty retailer's stock worth $4,874,000 after acquiring an additional 3,135 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Murphy USA by 69.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 428,379 shares of the specialty retailer's stock worth $211,135,000 after acquiring an additional 176,308 shares in the last quarter. Spire Wealth Management boosted its stake in shares of Murphy USA by 34.0% during the 4th quarter. Spire Wealth Management now owns 268 shares of the specialty retailer's stock worth $134,000 after acquiring an additional 68 shares in the last quarter. Flavin Financial Services Inc. purchased a new stake in shares of Murphy USA during the 4th quarter worth about $637,000. Finally, Longboard Asset Management LP purchased a new stake in shares of Murphy USA during the 4th quarter worth about $217,000. 80.81% of the stock is owned by hedge funds and other institutional investors.
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.
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