NYSE:MUSASpecialty Retail
Murphy USA (MUSA): Evaluating Valuation After Earnings Beat, $2B Buyback, and Dividend Hike
Murphy USA reported third-quarter earnings that surpassed forecasts, supported by higher merchandise sales. In addition to these results, the company authorized a $2 billion share repurchase and increased its quarterly dividend by 19%.
See our latest analysis for Murphy USA.
Murphy USA's positive quarter comes after a transitional stretch for the stock. While the one-month share price return of 7.7% hints at building momentum and recent buy-and-back initiatives signal management’s optimism,...