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Posted by
Two Blokes Jun 14 -
Filed in
Stock
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Murphy USA shares have underperformed, but are now in my buy range after a 15% decline and disappointing Q1 results. Gasoline volumes and merchandise sales were weak, but fuel margins and loyalty program improvements provide some optimism for Q2. Cost pressures from higher wages hurt margins, but a loosening labor market and strong buybacks support future earnings and shareholder returns.
