Public Employees Retirement System of Ohio bought a new stake in Murphy USA Inc. (NYSE:MUSA – Free Report) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 4,767 shares of the specialty retailer’s stock, valued at approximately $2,569,000.
A number of other institutional investors have also recently made changes to their positions in the company. WINTON GROUP Ltd bought a new stake in Murphy USA during the 4th quarter valued at $6,874,000. Recurrent Investment Advisors LLC boosted its holdings in shares of Murphy USA by 23.2% in the first quarter. Recurrent Investment Advisors LLC now owns 146,119 shares of the specialty retailer’s stock worth $71,986,000 after acquiring an additional 27,513 shares during the period. Evergreen Wealth Partners LLC bought a new position in shares of Murphy USA in the fourth quarter worth $1,333,000. Millennium Capital Advisors LLC purchased a new position in shares of Murphy USA in the fourth quarter valued at $1,029,000. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of Murphy USA by 21,756.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 41,090 shares of the specialty retailer’s stock valued at $16,581,000 after purchasing an additional 40,902 shares in the last quarter. Hedge funds and other institutional investors own 80.81% of the company’s stock.
Murphy USA Trading Down 2.1%
NYSE MUSA opened at $511.16 on Friday. The stock’s 50-day simple moving average is $571.37 and its two-hundred day simple moving average is $528.16. Murphy USA Inc. has a twelve month low of $349.83 and a twelve month high of $636.04. The company has a quick ratio of 0.54, a current ratio of 0.92 and a debt-to-equity ratio of 2.77. The company has a market capitalization of $9.44 billion, a price-to-earnings ratio of 15.57, a PEG ratio of 1.46 and a beta of 0.25.
Murphy USA Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Monday, August 24th were given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Monday, August 24th. This is a positive change from Murphy USA’s previous quarterly dividend of $0.64. Murphy USA’s dividend payout ratio is presently 7.92%.
Insider Activity at Murphy USA
In other Murphy USA news, Director Rosemary Turner sold 966 shares of the stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $571.88, for a total transaction of $552,436.08. Following the transaction, the director directly owned 449 shares in the company, valued at $256,774.12. This trade represents a 68.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Eric J. Bartko sold 100 shares of Murphy USA stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $523.60, for a total transaction of $52,360.00. Following the transaction, the senior vice president directly owned 252 shares in the company, valued at $131,947.20. This trade represents a 28.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 9.02% of the stock is owned by corporate insiders.
Analyst Ratings Changes
A number of research analysts have weighed in on the company. Capital One Financial started coverage on Murphy USA in a report on Monday, June 22nd. They set an “overweight” rating and a $710.00 target price for the company. Royal Bank Of Canada restated a “sector perform” rating and issued a $619.00 price objective on shares of Murphy USA in a research report on Wednesday, July 29th. 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. Zacks Research lowered shares of Murphy USA from a “strong-buy” rating to a “hold” rating in a report on Monday, June 22nd. Finally, Wells Fargo & Company increased their target price on shares of Murphy USA from $520.00 to $570.00 and gave the stock an “equal weight” rating in a research note on Monday, July 20th. Six equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Murphy USA currently has an average rating of “Moderate Buy” and an average price target of $606.89.
View Our Latest Analysis on Murphy USA
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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