Murphy USA Adopts $1B Stock Buyback Program

  • Murphy USA Inc MUSA announced its Board of Directors authorized a new share repurchase of up to $1 billion to begin upon completion of the current $500 million authorization.
  • The company will execute the new buyback by December 31, 2026.
  • The new approval is a continuation of the company's updated capital allocation strategy announced in October 2020.
  • Murphy held $301.3 million in cash and equivalents as of September 30, 2021.
  • Price Action: MUSA shares closed higher by 1.22% at $175.45 on Wednesday.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsBuybacksBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!