1,030 Shares in Murphy USA Inc. (NYSE:MUSA) Purchased by Waterloo Capital L.P.

Waterloo Capital L.P. bought a new position in shares of Murphy USA Inc. (NYSE:MUSA) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,030 shares of the specialty retailer’s stock, valued at approximately $484,000.

A number of other hedge funds have also recently made changes to their positions in MUSA. International Assets Investment Management LLC boosted its stake in Murphy USA by 3.8% in the 2nd quarter. International Assets Investment Management LLC now owns 784 shares of the specialty retailer’s stock worth $368,000 after purchasing an additional 29 shares in the last quarter. Quadrant Capital Group LLC increased its stake in shares of Murphy USA by 19.0% in the fourth quarter. Quadrant Capital Group LLC now owns 188 shares of the specialty retailer’s stock worth $67,000 after acquiring an additional 30 shares during the period. SYSTM Wealth Solutions LLC raised its stake in shares of Murphy USA by 3.8% during the 1st quarter. SYSTM Wealth Solutions LLC now owns 844 shares of the specialty retailer’s stock valued at $354,000 after buying an additional 31 shares during the last quarter. GAMMA Investing LLC raised its position in Murphy USA by 5.1% during the first quarter. GAMMA Investing LLC now owns 643 shares of the specialty retailer’s stock valued at $270,000 after acquiring an additional 31 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its position in Murphy USA by 5.6% in the 2nd quarter. CIBC Asset Management Inc now owns 580 shares of the specialty retailer’s stock worth $272,000 after purchasing an additional 31 shares in the last quarter. 80.81% of the stock is currently owned by hedge funds and other institutional investors.

Murphy USA Stock Down 4.3 %

MUSA opened at $493.00 on Friday. The company has a market cap of $10.21 billion, a PE ratio of 20.69 and a beta of 0.77. Murphy USA Inc. has a twelve month low of $338.36 and a twelve month high of $552.30. The company has a 50-day moving average price of $509.74 and a 200 day moving average price of $460.27. The company has a quick ratio of 0.52, a current ratio of 0.84 and a debt-to-equity ratio of 2.20.

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

Murphy USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Monday, August 26th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 0.37%. The ex-dividend date was Monday, August 26th. This is a boost from Murphy USA’s previous quarterly dividend of $0.44. Murphy USA’s dividend payout ratio is currently 7.55%.

Insider Activity at Murphy USA

In related news, Director Robert Madison Murphy sold 13,454 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $514.38, for a total transaction of $6,920,468.52. Following the completion of the sale, the director now directly owns 382,930 shares in the company, valued at $196,971,533.40. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Robert Madison Murphy sold 13,454 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $514.38, for a total transaction of $6,920,468.52. Following the completion of the sale, the director now directly owns 382,930 shares of the company’s stock, valued at approximately $196,971,533.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James W. Keyes sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $511.54, for a total transaction of $1,023,080.00. Following the completion of the sale, the director now directly owns 16,114 shares in the company, valued at $8,242,955.56. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,209 shares of company stock valued at $16,564,666. 9.04% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

MUSA has been the subject of several analyst reports. Wells Fargo & Company boosted their target price on shares of Murphy USA from $540.00 to $560.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Raymond James upped their price objective on shares of Murphy USA from $530.00 to $545.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. lowered shares of Murphy USA from a “neutral” rating to an “underweight” rating and increased their target price for the stock from $415.00 to $435.00 in a research note on Thursday. Royal Bank of Canada cut their price target on Murphy USA from $538.00 to $537.00 and set a “sector perform” rating for the company in a research note on Thursday, August 1st. Finally, StockNews.com cut Murphy USA from a “buy” rating to a “hold” rating in a report on Tuesday. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $464.57.

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.