Farther Finance Advisors LLC Sells 141 Shares of Murphy USA Inc. (NYSE:MUSA)

Farther Finance Advisors LLC lowered its stake in shares of Murphy USA Inc. (NYSE:MUSA) by 56.2% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 110 shares of the specialty retailer’s stock after selling 141 shares during the period. Farther Finance Advisors LLC’s holdings in Murphy USA were worth $54,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of MUSA. EverSource Wealth Advisors LLC lifted its stake in Murphy USA by 777.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 79 shares of the specialty retailer’s stock valued at $33,000 after acquiring an additional 70 shares during the period. Mather Group LLC. lifted its stake in Murphy USA by 141.4% during the 2nd quarter. Mather Group LLC. now owns 70 shares of the specialty retailer’s stock valued at $33,000 after acquiring an additional 41 shares during the period. V Square Quantitative Management LLC lifted its stake in Murphy USA by 40.4% during the 3rd quarter. V Square Quantitative Management LLC now owns 73 shares of the specialty retailer’s stock valued at $36,000 after acquiring an additional 21 shares during the period. EntryPoint Capital LLC bought a new position in shares of Murphy USA in the 1st quarter worth approximately $69,000. Finally, GHP Investment Advisors Inc. lifted its stake in shares of Murphy USA by 82.1% in the 2nd quarter. GHP Investment Advisors Inc. now owns 173 shares of the specialty retailer’s stock worth $81,000 after purchasing an additional 78 shares during the period. Institutional investors own 80.81% of the company’s stock.

Insider Activity

In other news, 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 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 9.04% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. cut shares of Murphy USA from a “neutral” rating to an “underweight” rating and increased their price objective for the stock from $415.00 to $435.00 in a research note on Thursday, September 19th. 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 note on Friday, August 2nd. Royal Bank of Canada lowered 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 research note on Thursday, August 1st. StockNews.com cut shares of Murphy USA from a “buy” rating to a “hold” rating in a research note on Saturday, October 26th. Finally, Raymond James increased their target price on shares of Murphy USA from $530.00 to $545.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Murphy USA presently has an average rating of “Hold” and an average target price of $495.33.

Murphy USA Trading Down 0.2 %

Murphy USA stock opened at $527.97 on Thursday. The firm has a 50 day moving average of $496.42 and a 200 day moving average of $480.79. The firm has a market capitalization of $10.69 billion, a price-to-earnings ratio of 21.78 and a beta of 0.75. Murphy USA Inc. has a 12-month low of $350.55 and a 12-month high of $552.30. The company has a current ratio of 0.80, a quick ratio of 0.41 and a debt-to-equity ratio of 2.19.

Murphy USA (NYSE:MUSA) last released its quarterly earnings data on Wednesday, October 30th. The specialty retailer reported $7.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.64 by $0.56. The firm had revenue of $5.24 billion for the quarter, compared to analysts’ expectations of $5.54 billion. Murphy USA had a net margin of 2.48% and a return on equity of 62.73%. The company’s revenue for the quarter was down 9.6% compared to the same quarter last year. During the same quarter last year, the business posted $7.69 earnings per share. As a group, research analysts predict that Murphy USA Inc. will post 23.61 earnings per share for the current year.

Murphy USA Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 4th will be given a dividend of $0.48 per share. The ex-dividend date is Monday, November 4th. This represents a $1.92 annualized dividend and a dividend yield of 0.36%. This is a boost from Murphy USA’s previous quarterly dividend of $0.45. Murphy USA’s dividend payout ratio (DPR) is presently 7.92%.

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.