Shares of Murphy USA Inc. (NYSE:MUSA) traded today at $302.83, eclipsing its 52-week high. Approximately 57,000 shares have changed hands today, as compared to an average 30-day volume of 323,000 shares.
Over the past year, Murphy USA Inc. has traded in a range of $145.24 to $302.83 and is now at $301.04, 107% above that low.
Murphy USA Inc is an American retailer of gasoline products and convenience-store merchandise operating in the United States. The stores are 100% company-operated and 90% company-owned; most are adjacent to Walmart stores. The business also contains product supply and wholesale assets, such as product distribution terminals and pipelines. Murphy is positioned in the market as a low-price, high-volume fuel retailer selling through low-cost kiosks and small stores. The stores adjacent to Walmart offer a discount program. The amount of the discount offered can vary based on many factors, including state laws.
Based on a current price of $301.04, Murphy USA Inc. is currently 31.3% above its average consensus analyst price target of $206.72.
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