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 at the SEC 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.
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.
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