Murphy USA (MUSA)
Retails value-priced fuel and convenience merchandise through three store brands.
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Retails motor fuel and convenience merchandise through Murphy USA, Murphy Express and QuickChek, with Murphy-branded sites spanning the South, Midwest and Southwest and QuickChek serving the Northeast. The model combines value-priced fuel, high-traffic locations, loyalty programs and a food-and-beverage-led regional format.
Retails motor fuel and convenience merchandise through Murphy USA, Murphy Express and QuickChek. Murphy-branded stores cluster in the South, Midwest and Southwest, often near Walmart Supercenters, while QuickChek adds a food-and-beverage-led format in New Jersey and New York.
Builds new standalone sites, refreshes existing stores and uses Murphy Drive Rewards and Walmart+ fuel discounts to connect value-priced fuel with repeat convenience traffic. Company-owned and third-party terminals also support fuel supply and unbranded wholesale sales.
Fuel and merchandise margins move with refined-product prices, crude markets, supply interruptions and severe weather. The model also depends on the Walmart relationship, nicotine-product legislation and increasingly stringent environmental requirements.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jul 29, 2026 | RBC Capital | Reiterate | Rating: —Target: $517 | Target: $619 |
| Jul 6, 2026 | Goldman Sachs | Upgrade | Rating: —Target: — | Target: $550 |
| Jul 1, 2026 | Jefferies | Upgrade | Rating: —Target: — | Target: $625 |
| Jun 22, 2026 | Capital One Financial | Target | Target: — | Target: $710 |
| Jun 12, 2026 | KeyBanc | Target | Target: $600 | Target: $680 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $175.4M · Total debt $2.74B · Total assets $5.09B · Shareholders' equity $782.7M
- Revenue
- $6.81B
- Operating income
- $304.9M
- Net income
- $209.1M
HistoryDividendAnnual yield
| Institutions | ≈ 82.22% | 15.19M shares | |
|---|---|---|---|
| 626 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 5.83% | 1.08M shares | |
| 19 holders · as of Sep 3, 2026 | |||
| Other | ≈ 11.95% | 2.21M shares | |
| remainder | |||
18.47M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 9.20% | 1.70M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 4.20% | 776,170 | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 4.08% | 752,803 | as of Jun 30, 2026 |
FMR LLCInstitution | 3.83% | 707,663 | as of Jun 30, 2026 |
Boston PartnersInstitution | 3.04% | 561,246 | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 3, 2026 | Eric J. Bartko | officer: SVP & Chief Customer Officer | −100 | $523.60 |
| Aug 20, 2026 | Rosemary Turner | director | −966 | $571.88 |
| Jun 5, 2026 | Diane N. Landen | director | −3,000 | $547.25 |
| May 27, 2026 | Renee M. Bacon | officer: SVP, Chief Retail Officer | −1,050 | $529.44 |
| May 15, 2026 | Keith A. Emery | officer: SVP, Chief Fuels Officer | −517 | $574.49 |
- Casey's General Stores
Fuel, grocery and prepared food overlap across the Midwest and South
- ARKO
Regional c-store brands overlap in fuel, merchandise and foodservice
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Murphy USA | $513.52 | +0.89% | $9.40B | 15.5 | 16.9 | 0.4 | +36.0% |
| Casey's General Stores | $578.36 | −1.19% | $21.66B | 28.2 | 26.9 | 1.2 | +24.3% |
| ARKO | $4.31 | +1.65% | $475.7M | 59.6 | 33.2 | 0.1 | +17.4% |
| Median | 43.9 | 30.0 | 0.6 | +20.8% |