Murphy USA Inc. (NYSE:MUSA) Raises Dividend to $0.31 Per Share

Murphy USA Inc. (NYSE:MUSA – Get Rating) announced a quarterly dividend on Thursday, May 5th, Zacks reports. Investors of record on Tuesday, May 17th will be paid a dividend of 0.31 per share by the specialty retailer on Wednesday, June 1st. This represents a $1.24 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend is Monday, May 16th. This is an increase from Murphy USA’s previous quarterly dividend of $0.29.

Murphy USA has a payout ratio of 9.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Murphy USA to earn $11.19 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 10.4%.

NYSE MUSA opened at $236.20 on Friday. The stock has a market capitalization of $5.78 billion, a P/E ratio of 12.38 and a beta of 0.82. Murphy USA has a 1 year low of $126.56 and a 1 year high of $251.28. The business’s fifty day moving average is $209.25 and its two-hundred day moving average is $193.31. The company has a debt-to-equity ratio of 2.27, a quick ratio of 0.70 and a current ratio of 1.08.

Murphy USA (NYSE:MUSA – Get Rating) last posted its quarterly earnings results on Tuesday, May 3rd. The specialty retailer reported $6.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.01 by $3.07. The company had revenue of $5.12 billion for the quarter, compared to analysts’ expectations of $4.75 billion. Murphy USA had a return on equity of 62.11% and a net margin of 2.61%. The firm’s revenue was up 94.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.01 earnings per share. On average, research analysts forecast that Murphy USA will post 12.11 earnings per share for the current year.

In other Murphy USA news, SVP Terry P. Hatten sold 2,910 shares of Murphy USA stock in a transaction that occurred on Friday, February 25th. The shares were sold at an average price of $180.03, for a total transaction of $523,887.30. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 9.04% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vident Investment Advisory LLC grew its holdings in shares of Murphy USA by 4.0% during the 4th quarter. Vident Investment Advisory LLC now owns 10,279 shares of the specialty retailer’s stock valued at $2,047,000 after acquiring an additional 391 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of Murphy USA during the 4th quarter valued at $304,000. Lombard Odier Asset Management USA Corp purchased a new position in shares of Murphy USA during the 4th quarter valued at $499,000. Walleye Trading LLC grew its holdings in shares of Murphy USA by 168.7% during the 4th quarter. Walleye Trading LLC now owns 4,917 shares of the specialty retailer’s stock valued at $980,000 after acquiring an additional 3,087 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its holdings in shares of Murphy USA by 99.1% during the 4th quarter. Thrivent Financial for Lutherans now owns 12,371 shares of the specialty retailer’s stock valued at $2,464,000 after acquiring an additional 6,156 shares in the last quarter. Hedge funds and other institutional investors own 84.74% of the company’s stock.

Several research analysts have issued reports on MUSA shares. Raymond James upped their price target on Murphy USA from $215.00 to $260.00 and gave the company an “outperform” rating in a report on Tuesday, April 19th. StockNews.com initiated coverage on shares of Murphy USA in a research report on Thursday, March 31st. They set a “buy” rating on the stock.

Murphy USA Company Profile (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.

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