TD Asset Management Inc Has $376,000 Stake in Murphy USA Inc. (NYSE:MUSA)

TD Asset Management Inc trimmed its position in shares of Murphy USA Inc. (NYSE:MUSA) by 38.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 800 shares of the specialty retailer’s stock after selling 500 shares during the period. TD Asset Management Inc’s holdings in Murphy USA were worth $376,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Larson Financial Group LLC acquired a new position in Murphy USA during the second quarter worth $174,000. CIBC Asset Management Inc increased its holdings in Murphy USA by 5.6% during the second quarter. CIBC Asset Management Inc now owns 580 shares of the specialty retailer’s stock worth $272,000 after buying an additional 31 shares during the last quarter. Verus Capital Partners LLC increased its holdings in Murphy USA by 9.4% during the second quarter. Verus Capital Partners LLC now owns 813 shares of the specialty retailer’s stock worth $382,000 after buying an additional 70 shares during the last quarter. Convergence Investment Partners LLC increased its holdings in Murphy USA by 50.9% during the second quarter. Convergence Investment Partners LLC now owns 2,590 shares of the specialty retailer’s stock worth $1,216,000 after buying an additional 874 shares during the last quarter. Finally, Resonant Capital Advisors LLC increased its holdings in Murphy USA by 9.3% during the second quarter. Resonant Capital Advisors LLC now owns 940 shares of the specialty retailer’s stock worth $441,000 after buying an additional 80 shares during the last quarter. 80.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on MUSA shares. Wells Fargo & Company boosted their target price on shares of Murphy USA from $540.00 to $560.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. StockNews.com upgraded shares of Murphy USA from a “hold” rating to a “buy” rating in a report on Saturday, August 17th. Royal Bank of Canada decreased their price objective on shares of Murphy USA from $538.00 to $537.00 and set a “sector perform” rating on the stock in a report on Thursday, August 1st. Finally, Raymond James upped their price objective on shares of Murphy USA from $530.00 to $545.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $469.50.

Murphy USA Trading Down 0.4 %

MUSA stock opened at $533.25 on Monday. The company has a debt-to-equity ratio of 2.20, a quick ratio of 0.52 and a current ratio of 0.84. The company’s 50-day simple moving average is $505.29 and its 200 day simple moving average is $457.76. Murphy USA Inc. has a 52 week low of $331.46 and a 52 week high of $542.00. The company has a market capitalization of $11.05 billion, a PE ratio of 22.38 and a beta of 0.77.

Murphy USA (NYSE:MUSA) last released its quarterly earnings results on Wednesday, July 31st. The specialty retailer reported $6.92 EPS for the quarter, beating the consensus estimate of $6.91 by $0.01. Murphy USA had a net margin of 2.50% and a return on equity of 64.73%. The business had revenue of $5.45 billion for the quarter, compared to the consensus estimate of $5.69 billion. During the same period in the prior year, the company posted $6.02 earnings per share. Murphy USA’s revenue was down 2.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Murphy USA Inc. will post 24.43 earnings per share for the current year.

Murphy USA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Monday, August 26th were given a dividend of $0.45 per share. This is a boost from Murphy USA’s previous quarterly dividend of $0.44. The ex-dividend date was Monday, August 26th. This represents a $1.80 annualized dividend and a yield of 0.34%. Murphy USA’s dividend payout ratio is currently 7.55%.

Insider Buying and Selling

In related news, Director Robert Madison Murphy sold 16,755 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $514.54, for a total transaction of $8,621,117.70. Following the completion of the sale, the director now owns 396,384 shares of the company’s stock, valued at $203,955,423.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director James W. Keyes sold 2,000 shares of the stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $511.54, for a total value of $1,023,080.00. Following the completion of the transaction, the director now owns 16,114 shares of the company’s stock, valued at $8,242,955.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert Madison Murphy sold 16,755 shares of the stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $514.54, for a total transaction of $8,621,117.70. Following the completion of the transaction, the director now directly owns 396,384 shares of the company’s stock, valued at approximately $203,955,423.36. The disclosure for this sale can be found here. Insiders sold 32,209 shares of company stock valued at $16,564,666 over the last quarter. 9.04% of the stock is owned by company insiders.

Murphy USA Profile

Murphy USA Inc engages in marketing of retail motor fuel products and convenience merchandise. The company operates retail stores under the Murphy USA, Murphy Express, and QuickChek brands, as well as operates non-fuel convenience stores. It operates retail gasoline stores principally in the Southeast, Southwest, and Midwest United States.