Murphy USA Inc. (NYSE: MUSA) Update on Short-Term Interest Rates

Murphy USA Inc. (NYSE: MUSA) was the target of a sharp increase in short-term interest during the month of November. As of November 15, there was short interest totaling 1,490,000 shares, an increase of 18.3% from the October 31 total of 1,260,000 shares. Based on an average trading volume of 220,300 shares, the short-term interest rate is currently 6.8 days. About 6.3% of the company’s shares are sold short.

Separately, Raymond James raised his price target for Murphy USA shares from $ 170.00 to $ 180.00 and gave the company an “outperformance” rating in a research report published on Friday, October 29.

In other Murphy USA news, Senior Vice President Terry P. Hatten sold 666 shares of the company in a trade on Tuesday, November 9. The shares were sold for an average price of $ 179.52, for a total value of $ 119,560.32. The sale was disclosed in a document filed with the SEC, which is available on the SEC’s website. 7.86% of the shares are held by insiders of the company.

A number of large investors have recently increased or reduced their stakes in the company. Comerica Bank increased its stake in Murphy USA by 171.3% during the 3rd quarter. Comerica Bank now owns 30,298 shares of the specialty retailer valued at $ 5,360,000 after purchasing an additional 19,132 shares in the last quarter. Captrust Financial Advisors increased its stake in Murphy USA by 9.4% during the 3rd quarter. Captrust Financial Advisors now owns 1,708 shares of the specialty retailer valued at $ 286,000 after buying 147 more shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in Murphy USA by 17.7% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 11,843 shares of the specialist distributor valued at $ 1,981,000 after purchasing an additional 1,781 shares in the last quarter. Janus Henderson Group PLC purchased a new stake in Murphy USA during the 3rd quarter for a value of approximately $ 437,000. Finally, LPL Financial LLC increased its stake in Murphy USA shares by 10.9% in the third quarter. LPL Financial LLC now owns 10,549 shares of the specialty retailer valued at $ 1,764,000 after acquiring an additional 1,039 shares during the period. Institutional investors and hedge funds hold 84.58% of the company’s shares.

(A d)

This guide will help you assess and analyze your trading plan to create a personalized options trading strategy tailored to your risk profile and market outlook. Learn how to take your trading to the next level.

NYSE MUSA traded up $ 0.36 during trading hours on Friday, reaching $ 184.20. 239,034 shares of the company were traded for an average volume of 221,692. Murphy USA has a 52 week low of $ 119.47 and a 52 week high of $ 187.74. The company has a market cap of $ 4.72 billion, a PE ratio of 14.21 and a beta of 0.93. The company has a 50-day simple moving average of $ 173.02 and a 200-day simple moving average of $ 154.40. The company has a debt to equity ratio of 2.18, a current ratio of 1.15, and a rapid ratio of 0.75.

Murphy USA (NYSE: MUSA) last released its quarterly results on Wednesday, October 27. The specialty retailer reported earnings per share (EPS) of $ 3.98 for the quarter, beating analysts’ consensus estimates of $ 3.44 by $ 0.54. Murphy USA had a net margin of 2.26% and a return on equity of 44.37%. The company posted revenue of $ 4.60 billion in the quarter, compared to $ 4.44 billion expected by analysts. During the same period last year, the company posted EPS of $ 2.61. Murphy USA revenue increased 62.0% year-over-year. Sell-side analysts expect Murphy USA to post 12.57 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 1. Shareholders of record on Monday, November 8 received a dividend of $ 0.29 per share. This is a positive change from Murphy USA’s previous quarterly dividend of $ 0.25. This represents a dividend of $ 1.16 on an annualized basis and a return of 0.63%. The ex-dividend date was Friday, November 5. Murphy USA’s dividend payout ratio (DPR) is currently 8.96%.

About Murphy USA

Murphy USA, Inc. engages in fuel products and convenience products through retail stores, namely Murphy USA and Murphy Express. It provides the Walmart rebate program which offers a rebate 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.

Featured Article: How Does The Quiet Period Work?

This instant news alert was powered by storytelling technology and financial data from MarketBeat to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team before publication. Please send any questions or comments about this story to [email protected]

Should you invest $ 1,000 in Murphy USA right now?

Before you consider Murphy USA, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the top five stocks that top analysts quietly whisper to their clients to buy now before the larger market takes hold … and Murphy USA was not on the list.

While Murphy USA currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better bets.

See the 5 actions here

Comments are closed.