Murphy USA Inc. (NYSE:MUSA – Get Rating) – Jefferies Financial Group issued their Q3 2022 earnings per share (EPS) estimates for Murphy USA in a report released on Wednesday, September 14th. Jefferies Financial Group analyst M. Fishbein forecasts that the specialty retailer will earn $5.84 per share for the quarter. The consensus estimate for Murphy USA’s current full-year earnings is $24.09 per share. Jefferies Financial Group also issued estimates for Murphy USA’s Q4 2022 earnings at $4.10 EPS, FY2022 earnings at $23.53 EPS, Q1 2023 earnings at $3.55 EPS, Q4 2023 earnings at $3.41 EPS and FY2023 earnings at $15.82 EPS.
Several other research analysts have also recently issued reports on the company. Wells Fargo & Company increased their price objective on Murphy USA from $230.00 to $270.00 in a research report on Friday, July 29th. StockNews.com upgraded Murphy USA from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 5th. Finally, Stephens increased their price objective on Murphy USA from $290.00 to $300.00 and gave the stock an “overweight” rating in a research report on Monday, July 11th.
Murphy USA Trading Down 1.8 %
Murphy USA (NYSE:MUSA – Get Rating) last released its quarterly earnings results on Wednesday, July 27th. The specialty retailer reported $7.53 EPS for the quarter, topping the consensus estimate of $4.65 by $2.88. Murphy USA had a return on equity of 68.86% and a net margin of 2.58%. The business had revenue of $6.77 billion during the quarter, compared to analysts’ expectations of $6.18 billion. During the same quarter in the prior year, the business earned $4.79 earnings per share. The company’s quarterly revenue was up 51.9% compared to the same quarter last year.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in MUSA. Van ECK Associates Corp boosted its position in Murphy USA by 15.9% during the 1st quarter. Van ECK Associates Corp now owns 620 shares of the specialty retailer’s stock valued at $124,000 after purchasing an additional 85 shares during the period. Hightower 6M Holding LLC bought a new stake in Murphy USA during the 1st quarter valued at $229,000. Versor Investments LP bought a new stake in Murphy USA during the 1st quarter valued at $344,000. Geode Capital Management LLC raised its stake in Murphy USA by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 404,112 shares of the specialty retailer’s stock valued at $80,515,000 after acquiring an additional 1,191 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in Murphy USA by 84.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 273,330 shares of the specialty retailer’s stock valued at $54,458,000 after acquiring an additional 125,270 shares in the last quarter. Institutional investors and hedge funds own 87.52% of the company’s stock.
Insider Activity at Murphy USA
In other news, Director Robert Madison Murphy sold 50,000 shares of the firm’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $285.48, for a total value of $14,274,000.00. Following the transaction, the director now directly owns 463,524 shares in the company, valued at approximately $132,326,831.52. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, VP Donald R. Smith, Jr. sold 1,121 shares of Murphy USA stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $292.43, for a total value of $327,814.03. Following the completion of the transaction, the vice president now owns 17,998 shares in the company, valued at approximately $5,263,155.14. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Robert Madison Murphy sold 50,000 shares of Murphy USA stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $285.48, for a total value of $14,274,000.00. Following the completion of the transaction, the director now owns 463,524 shares of the company’s stock, valued at approximately $132,326,831.52. The disclosure for this sale can be found here. Corporate insiders own 9.04% of the company’s stock.
Murphy USA Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 8th. Investors of record on Tuesday, August 30th were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Monday, August 29th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.46%. This is a positive change from Murphy USA’s previous quarterly dividend of $0.31. Murphy USA’s dividend payout ratio (DPR) is presently 5.87%.
About Murphy USA
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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