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MUSA

Long Breakout in MUSAMurphy USA (MUSA) is breaking out into new highs, triggering a low-risk entry point. Relative strength has been surging all year as shares steadily outperformed the market. After a gap up earning move on July 28, the stock consolidated for three weeks with minimal pullbacks - a sign that buyers are not selling and the stock is moving to the strong hands. Sales are up 62%, 67%, 45% and 52% in each of the last four quarters respectively. Earnings are up even more. This is a market-leading stock and the leading stock in one of the top market groups. Institutions are also buying it. The number of funds that own MUSA stock is up almost 20% in the last year (602 funds as of June). MUSA is now making new highs as the market rallies off its lows. Consider buying here with a tight stop below $279 to risk just 4.4% on the trade.
NYSE:MUSALong
by rossgivens
MUSA: Another inverse head and shoulder to consider.Nice looking inverse head and shoulders. Maybe the 6th try to break up will work. Could use any close below the up channel as a stop. My personal target is around 148. From Zacks.com Murphy USA Inc. is a leading independent retailer of motor fuel and convenience merchandise in the United States. The El Dorado, AR-based company, in its current form, came into existence following the 2013 spin-off of Murphy Oil Corporation’s downstream business into a separate, independent and publicly-traded entity. Murphy USA markets refined products through a chain of retail stations, almost all of which are located near a Walmart supercenter, primarily in the Southeast, Southwest and Midwest United States. As of Dec 31, 2019, the company had 1,489 retail fuel stations – under Murphy USA and Murphy Express brands – encompassing 26 states. Of the total, 1,161 stores are branded Murphy USA, while the remaining 328 are standalone Murphy Express locations. Apart from the retail outlets, Murphy USA operates certain product distribution terminals and ethanol production plants. The company, which caters to approximately 1.6 million customers daily, also owns a dedicated line space on the Colonial Pipeline - the largest refined products system in the country and the biggest gasoline mover. Meanwhile, Murphy USA’s revenue was down 2.3% year over year to $14 billion in 2019, while the company’s income was $154.8 million (or $4.86 per diluted share), down 27.5% year over year. Operating cash flow fell to $313.3 million in 2019 from $398.7 million in 2018. Murphy USA remains committed to returning excess cash to shareholders through continued share buyback programs. As part of this initiative, the fuel retailer repurchased $165.8 million of its common stock through 2019. For the record, over the past five years, management has returned around $950 million to shareholders in the form of stock buybacks. Average retail gasoline prices per gallon during 2019 were $2.33 versus $2.48 in 2018. Total retail gallons grew 3.4% to 4.4 billion gallons for the full year while same-store sales (SSS) volumes edged up 1.2%. In 2020, Murphy USA plans to keep its capital expenditures between $225 million and $275 million versus $215 million incurred last year. Further, the company’s 2020 guidance include 30 new stores and up to 25 raze-and-rebuilds. From Zacks.com: Murphy USA remains committed to returning excess cash to shareholders through continued share buyback programs. As part of this initiative, the fuel retailer repurchased $165.8 million of its common stock through 2019. For the record, over the past five years, management has returned around $950 million to shareholders in the form of stock buybacks. Average retail gasoline prices per gallon during 2019 were $2.33 versus $2.48 in 2018. Total retail gallons grew 3.4% to 4.4 billion gallons for the full year while same-store sales (SSS) volumes edged up 1.2%. In 2020, Murphy USA plans to keep its capital expenditures between $225 million and $275 million versus $215 million incurred last year. Further, the company’s 2020 guidance include 30 new stores and up to 25 raze-and-rebuilds.
NYSE:MUSALong
by goodguy