Murphy USA Inc. (MUSA) will become ex-dividend on August 26

VaselineAugust 17, 2024

0 4 minutes read

Murphy USA Inc. (NYSE:MUSA – Get Free Report) declared a quarterly dividend on Thursday, August 15th, Wall Street Journal reports. Investors of record on Monday, August 26th will be given a dividend of 0.45 per share by the specialty retailer on Thursday, September 5th. This represents an annualized dividend of $1.80 and a yield of 0.35%. The ex-dividend date of this dividend is Monday, August 26. This is an increase from Murphy USA’s previous quarterly dividend of $0.44.

Murphy USA has increased its dividend by an average of 83.7% per year over the last three years. Murphy USA has a dividend payout ratio of 6.4%, meaning its dividend is sufficiently covered by earnings. Analysts expect Murphy USA to earn $27.24 per share next year, meaning the company should be able to continue to cover its $1.76 annual dividend with an estimated future payout ratio of 6.5% .

Murphy US stocks rose 1.6%

Shares of MUSA stock opened at $512.32 on Friday. The firm has a fifty day moving average price of $485.38 and a two hundred day moving average price of $438.23. The company has a debt-to-equity ratio of 2.20, a current ratio of 0.84, and a quick ratio of 0.54. Murphy USA has a 1 year low of $307.45 and a 1 year high of $521.54. The firm has a market cap of $10.61 billion, a price-to-earnings ratio of 21.50 and a beta of 0.77.

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Murphy USA (NYSE:MUSA – Get Free Report ) last posted its earnings results on Wednesday, July 31st. The specialty retailer reported $6.92 EPS for the quarter, topping analysts’ consensus estimates of $6.91 by $0.01. The company had revenue of $5.45 billion during the quarter, compared to the consensus estimate of $5.69 billion. Murphy USA had a return on equity of 64.73% and a net margin of 2.50%. Murphy USA’s quarterly revenue was down 2.4% compared to the same quarter last year. In the same period last year, the firm posted earnings of $6.02 per share. research analysts predict that Murphy USA will post 24.83 EPS for the current year.

Changes in Analyst Ratings

Several equities analysts have recently issued reports on MUSA shares. Royal Bank of Canada cut their price objective on Murphy USA from $538.00 to $537.00 and set a “sector perform” rating for the company in a research report on Thursday, August 1st. Wells Fargo & Company upped their target price on Murphy USA from $540.00 to $560.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. StockNews.com raised Murphy USA from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Raymond James upped their target price on shares of Murphy USA from $530.00 to $545.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $469.50, according to MarketBeat.com.

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Insider trading at Murphy USA

In other Murphy USA news, Director Robert Madison Murphy sold 16,755 shares of Murphy USA stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $514.54, for a total transaction of $8,621,117.70. Following the transaction, the director now directly owns 396,384 shares in the company, valued at approximately $203,955,423.36. The transaction was disclosed in a filing with the SEC, which is available on the SEC’s website. In other Murphy USA news, Director Robert Madison Murphy sold 16,755 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $514.54, for a total transaction of $8,621,117.70. Following the completion of the sale, the director now directly owns 396,384 shares in the company, valued at approximately $203,955,423.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Donald R. Smith, Jr. sold 854 shares of Murphy USA stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $438.75, for a total value of $374,692.50. Following the transaction, the vice president now directly owns 20,099 shares in the company, valued at approximately $8,818,436.25. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold a total of 41,455 shares of company stock worth $20,492,084. Corporate insiders own 9.04% of the company’s shares.

Murphy USA Company Profile

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Murphy USA Inc is engaged in the retail sale of motor fuel and convenience goods. 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 primarily in the Southeast, Southwest and Midwest United States.