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Murphy USA Inc. Buyback

OLI recorded this information on 1/25/2016

Company: Murphy USA Inc.
Buyback: MUSA buyback
$Amount Authorized: $500,000,000
Buyback Details: Murphy USA Inc. (NYSE:MUSA) announced the Company recently confirmed a shift in direction in its Walmart relationship that provides Murphy USA greater flexibility to develop sites independently. With this shift, the Board of Directors has authorized a strategic allocation of capital for the Company to pursue new additional independent growth opportunities and to undertake a share repurchase program of the Company's common stock. The Board has authorized up to $500 million in total for the two capital programs through December 31, 2017.

Murphy USA is a holding company. Through its subsidiaries, Co. markets retail motor fuel products and convenience merchandise through a network of retail stores. Co.'s retail gasoline stores operate under the brand names of Murphy USA and Murphy Express. These locations operate within proximity to Walmart stores or within various markets in the Southeast, Southwest, and Midwest areas of the U.S. Co. also operates a combination of convenience stores and convenience stores with retail gasoline under the brand name of QuickChek. In addition, Co. markets fuel to unbranded wholesale customers through a mixture of Co. owned and third-party product distribution terminals and pipeline positions.

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Company Name:  Murphy USA Inc
Stock buyback:  MUSA buyback
Website:  www.murphyusa.com
Sector:  Department Stores
Number of ETFs Holding MUSA:  76
Total Market Value Held by ETFs:  $1.50B
Total Market Capitalization:  $8.62B
% of Market Cap. Held by ETFs:  17.37%
 

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March 28, 2024    1:52 PM Eastern
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Buy (2.71 out of 4)
14th percentile
(ranked lower than approx. 86% of all stocks covered)

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