Horrell Capital Management Inc. trimmed its stake in Murphy USA Inc. (NYSE:MUSA – Free Report) by 8.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 22,337 shares of the specialty retailer’s stock after selling 1,993 shares during the quarter. Murphy USA comprises 5.0% of Horrell Capital Management Inc.’s portfolio, making the stock its 5th largest position. Horrell Capital Management Inc.’s holdings in Murphy USA were worth $11,034,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Kenora Financial LLC boosted its holdings in shares of Murphy USA by 3.3% in the 1st quarter. Kenora Financial LLC now owns 654 shares of the specialty retailer’s stock valued at $323,000 after purchasing an additional 21 shares during the last quarter. Enhancing Capital LLC grew its stake 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 buying an additional 23 shares during the period. 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 worth $707,000 after buying an additional 24 shares during the last quarter. Fifth Third Wealth Advisors LLC increased its holdings in shares of Murphy USA by 3.0% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 864 shares of the specialty retailer’s stock worth $427,000 after buying an additional 25 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its position 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 worth $25,000 after buying an additional 28 shares during the period. Institutional investors and hedge funds own 80.81% of the company’s stock.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on MUSA. Capital One Financial assumed coverage on Murphy USA in a report on Monday, June 22nd. They issued an “overweight” rating and a $710.00 target price on the stock. Bank of America upgraded Murphy USA from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $350.00 to $550.00 in a report on Thursday, April 23rd. KeyCorp lifted their price objective on Murphy USA from $600.00 to $680.00 and gave the company an “overweight” rating in a research note on Friday, June 12th. JPMorgan Chase & Co. assumed coverage on Murphy USA in a report on Thursday, March 26th. They set an “overweight” rating and a $539.00 target price for the company. Finally, Jefferies Financial Group raised shares of Murphy USA from a “hold” rating to a “buy” rating and increased their target price for the stock from $550.00 to $625.00 in a research report on Wednesday, July 1st. Six investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Murphy USA presently has an average rating of “Moderate Buy” and an average target price of $571.22.
Murphy USA Stock Down 3.6%
Shares of Murphy USA stock opened at $584.75 on Friday. Murphy USA Inc. has a twelve month low of $345.23 and a twelve month high of $636.04. The stock has a market cap of $10.80 billion, a price-to-earnings ratio of 20.21, a price-to-earnings-growth ratio of 1.99 and a beta of 0.30. 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 company has a fifty day moving average price of $558.79 and a 200 day moving average price of $483.91.
Murphy USA (NYSE:MUSA – Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The specialty retailer reported $7.28 EPS for the quarter, beating the consensus estimate of $5.37 by $1.91. The company had revenue of $4.82 billion for the quarter, compared to analyst estimates of $4.70 billion. Murphy USA had a return on equity of 91.05% and a net margin of 2.81%.The firm’s revenue was up 6.5% compared to the same quarter last year. During the same period last year, the company posted $2.63 earnings per share. Equities research analysts forecast that Murphy USA Inc. will post 32.3 earnings per share for the current fiscal year.
Murphy USA Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 18th were paid a $0.64 dividend. This represents a $2.56 dividend on an annualized basis and a dividend yield of 0.4%. This is an increase from Murphy USA’s previous quarterly dividend of $0.63. The ex-dividend date was Monday, May 18th. Murphy USA’s payout ratio is 8.85%.
Insider Buying and Selling at Murphy USA
In related news, SVP Renee M. Bacon sold 1,050 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $529.44, for a total transaction of $555,912.00. Following the sale, the senior vice president directly owned 3,083 shares in the company, valued at approximately $1,632,263.52. This trade represents a 25.41% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Scott G. Woodward sold 158 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $600.50, for a total value of $94,879.00. Following the transaction, the senior vice president directly owned 476 shares in the company, valued at $285,838. This trade represents a 24.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 46,225 shares of company stock worth $27,363,392. Insiders own 9.02% of the company’s stock.
Murphy USA Company 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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