Millennium Capital Advisors LLC Invests $1.03 Million in Murphy USA Inc. $MUSA

Millennium Capital Advisors LLC purchased a new position in shares of Murphy USA Inc. (NYSE:MUSAFree Report) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 2,549 shares of the specialty retailer’s stock, valued at approximately $1,029,000.

A number of other large investors have also made changes to their positions in the business. Enhancing Capital LLC raised its holdings 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 acquiring an additional 23 shares during 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 worth $707,000 after buying an additional 24 shares during the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of Murphy USA by 4.8% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 585 shares of the specialty retailer’s stock worth $227,000 after buying an additional 27 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of Murphy USA by 1.9% during the 3rd quarter. NewEdge Advisors LLC now owns 1,470 shares of the specialty retailer’s stock worth $571,000 after buying an additional 28 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in shares of Murphy USA by 82.4% during 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 last quarter. 80.81% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Murphy USA

In other news, Director Robert Madison Murphy sold 41,500 shares of the firm’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $596.96, for a total transaction of $24,773,840.00. Following the completion of the transaction, the director directly owned 342,212 shares in the company, valued at $204,286,875.52. This trade represents a 10.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Keith A. Emery sold 899 shares of the firm’s stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $382.53, for a total value of $343,894.47. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 46,693 shares of company stock valued at $26,832,139. Corporate insiders own 9.02% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on MUSA shares. Wells Fargo & Company raised their price target on shares of Murphy USA from $450.00 to $520.00 and gave the stock an “equal weight” rating in a report on Friday, May 1st. KeyCorp raised their price target on shares of Murphy USA from $560.00 to $600.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. Zacks Research upgraded shares of Murphy USA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 28th. Weiss Ratings downgraded shares of Murphy USA from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 4th. Finally, Bank of America upgraded shares of Murphy USA from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $350.00 to $550.00 in a report on Thursday, April 23rd. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $503.71.

Read Our Latest Research Report on MUSA

Murphy USA Stock Down 2.3%

Shares of NYSE MUSA opened at $563.14 on Friday. The company has a 50 day simple moving average of $505.73 and a 200-day simple moving average of $435.95. The company has a market capitalization of $10.40 billion, a P/E ratio of 19.47, a P/E/G ratio of 1.88 and a beta of 0.36. The company has a debt-to-equity ratio of 3.24, a current ratio of 0.83 and a quick ratio of 0.48. Murphy USA Inc. has a 1 year low of $345.23 and a 1 year high of $609.82.

Murphy USA (NYSE:MUSAGet Free Report) last posted its earnings results on Wednesday, April 29th. The specialty retailer reported $7.28 earnings per share for the quarter, beating the consensus estimate of $5.37 by $1.91. The firm had revenue of $4.82 billion during the quarter, compared to the consensus estimate of $4.70 billion. Murphy USA had a net margin of 2.81% and a return on equity of 91.05%. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter last year, the firm earned $2.63 EPS. On average, equities research analysts predict that Murphy USA Inc. will post 31.8 earnings per share for the current year.

Murphy USA Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Monday, May 18th will be given a dividend of $0.64 per share. This is an increase from Murphy USA’s previous quarterly dividend of $0.63. This represents a $2.56 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Monday, May 18th. Murphy USA’s dividend payout ratio (DPR) is 8.71%.

Murphy USA Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Murphy USA (NYSE:MUSA)

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