Murphy USA (NYSE:MUSA) Releases Earnings Results, Beats Expectations By $3.07 EPS

Murphy USA (NYSE:MUSAGet Rating) released its earnings results on Tuesday. The specialty retailer reported $6.08 earnings per share for the quarter, beating analysts’ consensus estimates of $3.01 by $3.07, MarketWatch Earnings reports. Murphy USA had a return on equity of 50.07% and a net margin of 2.29%. The company had revenue of $5.12 billion during the quarter, compared to analyst estimates of $4.75 billion. During the same quarter in the previous year, the company posted $2.01 EPS. Murphy USA’s revenue for the quarter was up 94.2% on a year-over-year basis.

Shares of NYSE:MUSA opened at $234.78 on Wednesday. Murphy USA has a 1 year low of $126.56 and a 1 year high of $249.11. The company has a market cap of $5.74 billion, a PE ratio of 15.64 and a beta of 0.82. The company has a debt-to-equity ratio of 2.23, a current ratio of 1.14 and a quick ratio of 0.70. The stock’s 50-day moving average is $205.59 and its 200 day moving average is $191.98.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 3rd. Investors of record on Monday, February 21st were issued a dividend of $0.29 per share. The ex-dividend date of this dividend was Thursday, February 17th. This represents a $1.16 dividend on an annualized basis and a yield of 0.49%. Murphy USA’s dividend payout ratio is presently 7.73%.

A number of equities research analysts have recently weighed in on the company. Raymond James boosted their target price on Murphy USA from $215.00 to $260.00 and gave the company an “outperform” rating in a research note on Tuesday, April 19th. StockNews.com began coverage on Murphy USA in a report on Thursday, March 31st. They set a “buy” rating on the stock.

In related news, SVP Terry P. Hatten sold 2,910 shares of the business’s stock in a transaction dated Friday, February 25th. The stock was sold at an average price of $180.03, for a total transaction of $523,887.30. The sale was disclosed in a filing with the SEC, which is accessible through this link. 9.04% of the stock is owned by insiders.

Several hedge funds have recently bought and sold shares of MUSA. Morgan Stanley grew its holdings in shares of Murphy USA by 137.1% during the 2nd quarter. Morgan Stanley now owns 312,836 shares of the specialty retailer’s stock worth $41,723,000 after acquiring an additional 180,904 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of Murphy USA by 84.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 273,330 shares of the specialty retailer’s stock worth $54,458,000 after acquiring an additional 125,270 shares during the period. Barclays PLC grew its holdings in shares of Murphy USA by 162.0% during the 4th quarter. Barclays PLC now owns 86,886 shares of the specialty retailer’s stock worth $17,311,000 after acquiring an additional 53,724 shares during the period. BlackRock Inc. grew its holdings in shares of Murphy USA by 1.5% during the 4th quarter. BlackRock Inc. now owns 2,634,687 shares of the specialty retailer’s stock worth $524,936,000 after acquiring an additional 39,819 shares during the period. Finally, Allianz Asset Management GmbH grew its holdings in shares of Murphy USA by 128.1% during the 4th quarter. Allianz Asset Management GmbH now owns 35,949 shares of the specialty retailer’s stock worth $7,163,000 after acquiring an additional 20,190 shares during the period. Hedge funds and other institutional investors own 84.74% of the company’s stock.

About Murphy USA (Get Rating)

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 of December 31, 2021, it operated 1,679 retail gasoline stores principally in the Southeast, Southwest, and Midwest United States.

See Also

Earnings History for Murphy USA (NYSE:MUSA)

Receive News & Ratings for Murphy USA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Murphy USA and related companies with MarketBeat.com's FREE daily email newsletter.