Murphy USA Inc. (NYSE:MUSA – Get Free Report) declared a quarterly dividend on Thursday, February 13th, RTT News reports. Stockholders of record on Monday, February 24th will be paid a dividend of 0.49 per share by the specialty retailer on Wednesday, March 5th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date is Monday, February 24th. This is a boost from Murphy USA’s previous quarterly dividend of $0.48.
Murphy USA has raised its dividend payment by an average of 19.8% annually over the last three years. Murphy USA has a payout ratio of 6.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Murphy USA to earn $28.72 per share next year, which means the company should continue to be able to cover its $1.96 annual dividend with an expected future payout ratio of 6.8%.
Murphy USA Stock Performance
Shares of MUSA stock opened at $445.19 on Friday. The company has a market cap of $9.02 billion, a price-to-earnings ratio of 18.40 and a beta of 0.79. The stock has a 50 day simple moving average of $495.66 and a 200-day simple moving average of $505.01. Murphy USA has a 12-month low of $382.04 and a 12-month high of $561.08. The company has a current ratio of 0.79, a quick ratio of 0.37 and a debt-to-equity ratio of 2.18.
Insider Buying and Selling at Murphy USA
In other Murphy USA news, Director Rosemary Turner sold 797 shares of the stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $496.10, for a total transaction of $395,391.70. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 9.04% of the stock is owned by insiders.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on MUSA shares. StockNews.com cut Murphy USA from a “buy” rating to a “hold” rating in a report on Saturday, February 15th. Wells Fargo & Company lowered their price target on Murphy USA from $555.00 to $550.00 and set an “overweight” rating on the stock in a report on Friday, February 7th. Finally, Royal Bank of Canada upped their price target on Murphy USA from $550.00 to $554.00 and gave the stock a “sector perform” rating in a report on Thursday, February 6th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $510.80.
View Our Latest Report on MUSA
Murphy USA Company Profile
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 well as operates non-fuel convenience stores. It operates retail gasoline stores principally in the Southeast, Southwest, and Midwest United States.
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