Murphy USA Inc. (NYSE:MUSA) has recently announced a positive change in dividend, representing a dividend payout ratio of 5.67%. The boost in quarterly dividends was revealed by the preeminent specialty retailer through ex-dividend date on Friday, May 12th, and the shareholders’ record release date on Monday, May 15th. Shareholders will be paid $0.38 per share on Thursday, June 1st as indicated by the company’s latest announcement regarding its quarterly dividends. Meanwhile, SVP Robert J. Chumley sold over a thousand shares of Murphy USA stock at $277.72 per piece on Friday May 19th achieving $298,549.00 total transaction for this sell-off operation thus having direct ownership of more than six thousand shares valued at almost two million dollars.
According to recent information submitted to the Securities & Exchange Commission by Ontario Teachers Pension Plan Board last quarter it owned approximately 0.05% of Murphy USA’s outstanding shares worth around$3,289,000 after adding an additional 634 shares during that reporting period.
Furthermore, last May 10th Director Jeanne Linder Phillips also sold stock equaling to ten times fewer when compared to SVP Robert J. Chumley at an average price of $283.97 amounting to $156,183.50.
Together with SVP Robert J.Chumley’s latest sale event held this period concludes the insider trading activities worth over four hundred fifty-five thousand dollars representing nine percent ownership interest from the company insiders’ holdings.
Thus it can be concluded that significant progress has been recently made at Murphy USA Inc., particularly in regard to their increase in dividends coupled with key stakeholders’ buy-ups that ensure business growth and prosperity is much likely ahead for investors looking for stable returns and perhaps in time even become loyal patrons themselves of Murphy USA stores across America!
Investors Show Interest in Murphy USA with Positive Growth Predictions
Retail Chain Murphy USA Gains Interest from Investors
Since last year, institutional investors and hedge funds have been showing interest in Murphy USA. BerganKDV Wealth Management recently purchased a new position in the company worth $35,000. Quadrant Capital Group increased its stake by 28.1% in the third quarter while Covington Capital Management purchased a new stake valued at approximately $61,000. CoreCap Advisors also bought a new stake in the specialist retailer during the fourth quarter worth around $69,000. Finally, Paragon Wealth Strategies raised its holdings by 25% during the same period and now owns 250 shares of stock worth $70,000.
Although one equity research analyst has given the stock a sell rating and another has given it a hold rating, four analysts have given it an overall buy rating with an average consensus price target of $315.60 based on Bloomberg data.
Recently, Murphy USA disclosed its quarterly dividend to be paid on June 1st. This represents a positive change from their previous dividend payout; shareholders will receive $0.38 per share if they are listed on record as of May 15th.
Trading at $281.56 on Friday morning last week, MUSA stock is currently valued at over $6 billion market capitalization with a P/E ratio of 10.5 and a beta of 0.80. The debt-to-equity ratio is at 2.50 whilst the current ratio is 0.92 and the quick ratio is at 0.53 for this company that experienced revenue exceeding expectations – with figures totaling up to more than five billion dollars – for Q1 this year due to significant growth from policy changes made by tax reforms enacted earlier this year in addition to large increases in gas prices.
If predictions are correct postings suggest that Murphy USA Inc will make earnings per share totaling up to around $19 during this financial year.
