Moran Wealth Management LLC boosted its stake in shares of Murphy USA Inc. (NYSE:MUSA – Free Report) by 19.4% in the 1st quarter, Holdings Channel reports. The fund owned 15,802 shares of the specialty retailer’s stock after buying an additional 2,572 shares during the period. Moran Wealth Management LLC’s holdings in Murphy USA were worth $7,806,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently bought and sold shares of MUSA. Kenora Financial LLC boosted its position in Murphy USA by 3.3% in the 1st quarter. Kenora Financial LLC now owns 654 shares of the specialty retailer’s stock worth $323,000 after purchasing an additional 21 shares in the last quarter. Enhancing Capital LLC increased its holdings in shares of Murphy USA by 2.1% during the 4th quarter. Enhancing Capital LLC now owns 1,132 shares of the specialty retailer’s stock valued at $457,000 after purchasing an additional 23 shares in the last quarter. NBC Securities Inc. increased its holdings in shares of Murphy USA by 1.4% during the 4th quarter. NBC Securities Inc. now owns 1,752 shares of the specialty retailer’s stock valued at $707,000 after purchasing an additional 24 shares in the last quarter. Fifth Third Wealth Advisors LLC lifted its stake in shares of Murphy USA by 3.0% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 864 shares of the specialty retailer’s stock valued at $427,000 after purchasing an additional 25 shares during the period. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in shares of 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 purchasing an additional 28 shares during the period. 80.81% of the stock is owned by institutional investors and hedge funds.
Insider Activity at Murphy USA
In other news, SVP Keith A. Emery sold 517 shares of Murphy USA stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $574.49, for a total value of $297,011.33. Following the sale, the senior vice president directly owned 500 shares of the company’s stock, valued at $287,245. The trade was a 50.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Diane N. Landen sold 3,000 shares of Murphy USA stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $547.25, for a total value of $1,641,750.00. Following the completion of the sale, the director directly owned 53,841 shares in the company, valued at $29,464,487.25. This represents a 5.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 46,225 shares of company stock worth $27,363,392 in the last quarter. Corporate insiders own 9.02% of the company’s stock.
Murphy USA Stock Up 0.2%
Murphy USA (NYSE:MUSA – Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The specialty retailer reported $7.28 earnings per share for the quarter, topping the consensus estimate of $5.37 by $1.91. Murphy USA had a net margin of 2.81% and a return on equity of 91.05%. The firm had revenue of $4.82 billion during the quarter, compared to the consensus estimate of $4.70 billion. During the same quarter in the prior year, the firm earned $2.63 EPS. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. Equities analysts predict that Murphy USA Inc. will post 32.3 EPS for the current fiscal year.
Murphy USA Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 18th were paid a dividend of $0.64 per share. This is an increase from Murphy USA’s previous quarterly dividend of $0.63. The ex-dividend date was Monday, May 18th. This represents a $2.56 annualized dividend and a yield of 0.5%. Murphy USA’s dividend payout ratio (DPR) is presently 8.85%.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on MUSA. Bank of America raised shares of Murphy USA from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $350.00 to $550.00 in a report on Thursday, April 23rd. Wells Fargo & Company upped their price objective on shares of Murphy USA from $450.00 to $520.00 and gave the stock an “equal weight” rating in a research report on Friday, May 1st. KeyCorp upped their price objective on shares of Murphy USA from $600.00 to $680.00 and gave the stock an “overweight” rating in a research report on Friday, June 12th. Wall Street Zen raised shares of Murphy USA from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 27th. Finally, Zacks Research cut Murphy USA from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 22nd. Six equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Murphy USA has a consensus rating of “Moderate Buy” and an average price target of $573.88.
Read Our Latest Stock Report on MUSA
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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