Murphy USA Inc. (NYSE: MUSA) disclosed an insider sale and released fourth-quarter 2025 financials that produced mixed signals for investors. On February 4, 2026, the company reported that President and CEO West Malynda K sold 3,967 shares of Murphy USA common stock at a price of $450.00 per share, yielding proceeds of approximately $1.78 million.
The filing shows that after the disposition, West Malynda K holds 117,388.642 shares of Murphy USA common stock directly. In addition, she indirectly holds 875.495 shares through participation in a 401(k) Plan. The sale was executed pursuant to a Rule 10b5-1 trading plan that was adopted on August 12, 2025.
Those insider details accompany the company’s fourth-quarter 2025 results. Murphy USA reported earnings per share of $7.53 for the quarter, outperforming the analysts’ consensus estimate of $6.45. At the same time, revenue totaled $4.74 billion, below the $4.88 billion figure analysts had projected.
Profitability metrics in the release included an EBITDA of $290.9 million. That figure was higher than Stephens’ internal projection of $284 million and above the consensus estimate of $275 million noted in the company’s disclosure. The combination of stronger-than-expected EPS and EBITDA alongside a revenue shortfall helped produce mixed reactions from the sell-side.
KeyBanc Capital Markets responded by raising its price target on Murphy USA to $500 while keeping an Overweight rating, citing strong earnings performance driven by higher fuel margins. Conversely, Stephens trimmed its price target to $450 from $475 despite acknowledging the earnings beat, pointing to a softer outlook for 2026 as a reason for the reduction.
The juxtaposition of an insider sale, an earnings beat, and a revenue miss underscores the nuance in how investors and analysts are assessing Murphy USA’s near-term prospects. Analyst adjustments to price targets and ratings reflect differing interpretations of the company’s earnings quality and revenue trajectory.
Without additional guidance or new operational disclosures, the filing and earnings print leave a mixed signal for market participants monitoring retail fuel margins, company-level cash flow metrics, and the broader energy and consumer retail sectors.