| Murphy USA is a holding company. Through its subsidiaries, Co.'s business consists primarily of the marketing of retail motor fuel products and convenience merchandise through its retail stores. Co.'s retail stores are located in the Southeast, Southwest and Midwest United States. Co.'s business also includes certain product supply and wholesale assets, including product distribution terminals and pipeline positions. Co. purchases fuel from oil companies, independent refiners, and other marketers, and it sells fuel to its customers. In addition to the motor fuel sold at Co.'s stores, its stores carry a selection of snacks, beverages, tobacco products and non-food merchandise. We show 38 historical shares outstanding datapoints in our MUSA shares outstanding history coverage, used to compute MUSA market cap on those dates.|
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing MUSA market cap history over the course of time is important for investors
interested in comparing MUSA's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of MUSA versus a peer is one thing; comparing
MUSA market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like MUSA can fluctuate over the course of history.
With this page we aim to empower investors researching MUSA by allowing them to research the MUSA market cap history.