Public Employees Retirement Association of Colorado Has $29.89 Million Stock Holdings in Murphy USA Inc. (NYSE:MUSA)

Public Employees Retirement Association of Colorado cut its position in Murphy USA Inc. (NYSE:MUSA) by 14.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 63,662 shares of the specialty retailer’s stock after selling 10,591 shares during the period. Public Employees Retirement Association of Colorado owned about 0.31% of Murphy USA worth $29,887,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. International Assets Investment Management LLC increased its position in shares of Murphy USA by 3.8% during the second quarter. International Assets Investment Management LLC now owns 784 shares of the specialty retailer’s stock worth $368,000 after acquiring an additional 29 shares in the last quarter. Quadrant Capital Group LLC increased its position in shares of Murphy USA by 19.0% during 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 in the last quarter. SYSTM Wealth Solutions LLC increased its position in shares of Murphy USA by 3.8% during the first quarter. SYSTM Wealth Solutions LLC now owns 844 shares of the specialty retailer’s stock worth $354,000 after acquiring an additional 31 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Murphy USA by 5.1% during the first quarter. GAMMA Investing LLC now owns 643 shares of the specialty retailer’s stock worth $270,000 after acquiring an additional 31 shares in the last quarter. Finally, CIBC Asset Management Inc increased its position in shares of 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 acquiring an additional 31 shares in the last quarter. 80.81% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Murphy USA news, Director James W. Keyes sold 2,000 shares of Murphy USA 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 sale, the director now owns 16,114 shares in the company, valued at approximately $8,242,955.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Robert Madison Murphy sold 13,454 shares of Murphy USA stock in a transaction that occurred on 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 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James W. Keyes sold 2,000 shares of Murphy USA 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 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. Insiders sold 32,209 shares of company stock worth $16,564,666 in the last quarter. 9.04% of the stock is currently owned by corporate insiders.

Murphy USA Price Performance

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

Murphy USA (NYSE:MUSA) last issued its quarterly earnings data on Wednesday, July 31st. The specialty retailer reported $6.92 earnings per share for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $5.69 billion. During the same quarter in the previous year, the company earned $6.02 EPS. The business’s revenue was down 2.4% on a year-over-year basis. Analysts forecast that Murphy USA Inc. will post 24.43 EPS for the current year.

Murphy USA Increases Dividend

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

Wall Street Analysts Forecast Growth

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