Legal & General Group Plc trimmed its position in Murphy USA Inc. (NYSE:MUSA – Free Report) by 20.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 30,074 shares of the specialty retailer’s stock after selling 7,655 shares during the period. Legal & General Group Plc’s holdings in Murphy USA were worth $12,135,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently bought and sold shares of the company. Enhancing Capital LLC boosted its position in Murphy USA by 2.1% in the 4th quarter. Enhancing Capital LLC now owns 1,132 shares of the specialty retailer’s stock valued at $457,000 after buying an additional 23 shares during the last quarter. NBC Securities Inc. boosted its position in Murphy USA by 1.4% in the 4th quarter. NBC Securities Inc. now owns 1,752 shares of the specialty retailer’s stock valued at $707,000 after buying an additional 24 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in Murphy USA by 82.4% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 62 shares of the specialty retailer’s stock valued at $25,000 after buying an additional 28 shares during the last quarter. NewEdge Advisors LLC boosted its position in Murphy USA by 1.9% in the 3rd quarter. NewEdge Advisors LLC now owns 1,470 shares of the specialty retailer’s stock valued at $571,000 after buying an additional 28 shares during the last quarter. Finally, Verus Capital Partners LLC boosted its position in Murphy USA by 5.6% in the 3rd quarter. Verus Capital Partners LLC now owns 568 shares of the specialty retailer’s stock valued at $221,000 after buying an additional 30 shares during the last quarter. 80.81% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several research firms have recently issued reports on MUSA. Wells Fargo & Company raised their price target on Murphy USA from $450.00 to $520.00 and gave the stock an “equal weight” rating in a research report on Friday, May 1st. Stephens reduced their price target on Murphy USA from $475.00 to $450.00 and set an “overweight” rating on the stock in a research report on Friday, February 6th. Wall Street Zen lowered Murphy USA from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 30th. JPMorgan Chase & Co. began coverage on Murphy USA in a research report on Thursday, March 26th. They issued an “overweight” rating and a $539.00 price target on the stock. Finally, Zacks Research upgraded Murphy USA from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $503.71.
Insider Transactions at Murphy USA
In other news, SVP Scott G. Woodward sold 158 shares of the business’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $600.50, for a total value of $94,879.00. Following the sale, the senior vice president directly owned 476 shares in the company, valued at $285,838. The trade was a 24.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Robert Madison Murphy sold 41,500 shares of the business’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $596.96, for a total value of $24,773,840.00. Following the completion of the sale, the director owned 342,212 shares in the company, valued at approximately $204,286,875.52. This trade represents a 10.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 43,225 shares of company stock valued at $25,721,642. 9.02% of the stock is currently owned by company insiders.
Murphy USA Stock Performance
Shares of Murphy USA stock opened at $542.38 on Thursday. The company has a market capitalization of $10.02 billion, a PE ratio of 18.75, a PEG ratio of 1.77 and a beta of 0.30. Murphy USA Inc. has a 12 month low of $345.23 and a 12 month high of $609.82. The company has a current ratio of 0.83, a quick ratio of 0.48 and a debt-to-equity ratio of 3.24. The stock’s fifty day simple moving average is $527.68 and its 200 day simple moving average is $451.81.
Murphy USA (NYSE:MUSA – Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The specialty retailer reported $7.28 EPS for the quarter, topping the consensus estimate of $5.37 by $1.91. Murphy USA had a return on equity of 91.05% and a net margin of 2.81%.The business had revenue of $4.82 billion for the quarter, compared to the consensus estimate of $4.70 billion. During the same quarter last year, the business posted $2.63 EPS. The firm’s revenue was up 6.5% compared to the same quarter last year. On average, research analysts predict that Murphy USA Inc. will post 31.48 EPS for the current year.
Murphy USA Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 18th were issued a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a dividend yield of 0.5%. This is a positive change from Murphy USA’s previous quarterly dividend of $0.63. The ex-dividend date was Monday, May 18th. Murphy USA’s dividend payout ratio is presently 8.85%.
Murphy USA Profile
Murphy USA is a leading downstream marketer of gasoline, diesel and convenience store products in the United States. Headquartered in El Dorado, Arkansas, the company was originally established as part of Murphy Oil Corporation and was spun off as an independent public entity in 2013. Since its separation, Murphy USA has focused on retail fueling services and convenience offerings designed to deliver value and convenience to consumers.
The company’s primary operations center on two retail formats.
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