Creative Planning increased its stake in shares of Murphy USA Inc. (NYSE:MUSA – Free Report) by 4.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,340 shares of the specialty retailer’s stock after buying an additional 107 shares during the period. Creative Planning’s holdings in Murphy USA were worth $1,153,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the stock. BI Asset Management Fondsmaeglerselskab A S grew its position in shares of Murphy USA by 1,091.4% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 14,464 shares of the specialty retailer’s stock worth $6,063,000 after buying an additional 13,250 shares during the period. Sei Investments Co. increased its stake in Murphy USA by 21.2% in the 1st quarter. Sei Investments Co. now owns 16,673 shares of the specialty retailer’s stock valued at $6,991,000 after buying an additional 2,911 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its stake in Murphy USA by 10.3% in the first quarter. CANADA LIFE ASSURANCE Co now owns 13,461 shares of the specialty retailer’s stock valued at $5,646,000 after purchasing an additional 1,254 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its stake in Murphy USA by 24.3% in the first quarter. B. Riley Wealth Advisors Inc. now owns 1,617 shares of the specialty retailer’s stock valued at $678,000 after acquiring an additional 316 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp increased its position in Murphy USA by 62.7% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 4,455 shares of the specialty retailer’s stock worth $1,902,000 after buying an additional 1,717 shares during the last quarter. 80.81% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research analysts have weighed in on MUSA shares. Royal Bank of Canada lowered their price target 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. 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 research note on Friday, August 2nd. StockNews.com cut shares of Murphy USA from a “buy” rating to a “hold” rating in a research report on Saturday, October 26th. 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 research note on Friday, August 2nd. Finally, JPMorgan Chase & Co. downgraded Murphy USA from a “neutral” rating to an “underweight” rating and boosted their price objective for the company from $415.00 to $435.00 in a research note on Thursday, September 19th. One analyst has 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. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $495.33.
Insiders Place Their Bets
In other Murphy USA 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 transaction of $1,023,080.00. Following the completion of the transaction, the director now owns 16,114 shares in the company, valued at $8,242,955.56. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director James W. Keyes sold 2,000 shares of the firm’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 value of $1,023,080.00. Following the completion of the transaction, the director now directly owns 16,114 shares in the company, valued at approximately $8,242,955.56. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert Madison Murphy sold 13,454 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $514.38, for a total value of $6,920,468.52. Following the completion of the sale, the director now owns 382,930 shares in the company, valued at $196,971,533.40. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 32,209 shares of company stock valued at $16,564,666. Company insiders own 9.04% of the company’s stock.
Murphy USA Price Performance
MUSA stock opened at $488.45 on Friday. The company has a debt-to-equity ratio of 2.20, a current ratio of 0.84 and a quick ratio of 0.52. Murphy USA Inc. has a 1 year low of $350.55 and a 1 year high of $552.30. The company’s 50-day moving average is $497.83 and its 200-day moving average is $474.64. The stock has a market capitalization of $10.01 billion, a PE ratio of 19.75 and a beta of 0.77.
Murphy USA (NYSE:MUSA – Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The specialty retailer reported $7.20 EPS for the quarter, topping analysts’ consensus estimates of $6.64 by $0.56. Murphy USA had a return on equity of 64.73% and a net margin of 2.50%. The firm had revenue of $5.24 billion during the quarter, compared to analyst estimates of $5.54 billion. During the same period in the previous year, the company posted $7.69 EPS. The company’s revenue for the quarter was down 9.6% on a year-over-year basis. Equities research analysts expect that Murphy USA Inc. will post 23.98 EPS for the current fiscal year.
Murphy USA Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 4th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date is Monday, November 4th. This is an increase from Murphy USA’s previous quarterly dividend of $0.45. Murphy USA’s dividend payout ratio is 7.76%.
About Murphy USA
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.
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