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. We show 42 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. |
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Video: The Importance of Market Cap
