Murphy USA (NYSE:MUSA) Reaches New 1-Year High at $167.83

Murphy USA Inc. (NYSE:MUSA) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $167.83 and last traded at $166.67, with a volume of 1082 shares changing hands. The stock had previously closed at $165.03.

Separately, Raymond James upgraded shares of Murphy USA from a “market perform” rating to an “outperform” rating and set a $165.00 price objective on the stock in a research report on Monday, July 26th.

The firm’s 50-day simple moving average is $152.45 and its two-hundred day simple moving average is $143.23. The company has a current ratio of 1.10, a quick ratio of 0.65 and a debt-to-equity ratio of 2.37. The stock has a market capitalization of $4.32 billion, a PE ratio of 14.85 and a beta of 1.06.

Murphy USA (NYSE:MUSA) last posted its quarterly earnings results on Wednesday, July 28th. The specialty retailer reported $4.79 EPS for the quarter, beating the consensus estimate of $3.39 by $1.40. Murphy USA had a net margin of 2.28% and a return on equity of 40.02%. The business had revenue of $4.46 billion for the quarter, compared to analysts’ expectations of $4.34 billion. As a group, research analysts expect that Murphy USA Inc. will post 11.91 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, September 9th. Stockholders of record on Monday, August 30th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.60%. The ex-dividend date of this dividend was Friday, August 27th. Murphy USA’s dividend payout ratio is currently 7.65%.

Several hedge funds have recently added to or reduced their stakes in MUSA. Envestnet Asset Management Inc. lifted its stake in shares of Murphy USA by 11.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 20,115 shares of the specialty retailer’s stock valued at $2,908,000 after purchasing an additional 2,100 shares during the last quarter. IndexIQ Advisors LLC lifted its position in Murphy USA by 7.2% during the 1st quarter. IndexIQ Advisors LLC now owns 2,661 shares of the specialty retailer’s stock worth $385,000 after acquiring an additional 178 shares during the last quarter. Sowell Financial Services LLC lifted its position in Murphy USA by 146.4% during the 1st quarter. Sowell Financial Services LLC now owns 946 shares of the specialty retailer’s stock worth $130,000 after acquiring an additional 562 shares during the last quarter. Cibc World Markets Corp acquired a new position in Murphy USA during the 1st quarter worth $393,000. Finally, BlackRock Inc. lifted its position in Murphy USA by 0.6% during the 1st quarter. BlackRock Inc. now owns 3,030,677 shares of the specialty retailer’s stock worth $438,113,000 after acquiring an additional 18,392 shares during the last quarter. 84.64% of the stock is owned by institutional investors and hedge funds.

About Murphy USA (NYSE:MUSA)

Murphy USA, Inc engages in the motor fuel products and convenience merchandise through retail stores, namely Murphy USA and Murphy Express. It provides Walmart discount program which offers a cents-off per gallon purchased for fuel when using specific payment methods. The company was founded on March 1, 2013 and is headquartered in El Dorado, AR.

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