GSA Capital Partners LLP boosted its holdings in Murphy USA Inc. (NYSE:MUSA – Free Report) by 103.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,943 shares of the specialty retailer’s stock after buying an additional 2,007 shares during the period. GSA Capital Partners LLP’s holdings in Murphy USA were worth $1,591,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. Allianz Asset Management GmbH increased its position in Murphy USA by 20.2% in the 3rd quarter. Allianz Asset Management GmbH now owns 138,998 shares of the specialty retailer’s stock worth $53,967,000 after buying an additional 23,349 shares during the period. Envestnet Asset Management Inc. increased its position in Murphy USA by 3.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 132,705 shares of the specialty retailer’s stock worth $51,524,000 after buying an additional 4,468 shares during the period. Whittier Trust Co. increased its position in Murphy USA by 60.1% in the 3rd quarter. Whittier Trust Co. now owns 13,667 shares of the specialty retailer’s stock worth $5,405,000 after buying an additional 5,128 shares during the period. VELA Investment Management LLC increased its position in Murphy USA by 200.8% in the 3rd quarter. VELA Investment Management LLC now owns 6,714 shares of the specialty retailer’s stock worth $2,607,000 after buying an additional 4,482 shares during the period. Finally, American Century Companies Inc. increased its position in Murphy USA by 6.0% in the 3rd quarter. American Century Companies Inc. now owns 63,638 shares of the specialty retailer’s stock worth $24,708,000 after buying an additional 3,614 shares during the period. 80.81% of the stock is owned by institutional investors.
Murphy USA Stock Performance
MUSA opened at $569.26 on Wednesday. The stock has a market cap of $10.51 billion, a PE ratio of 19.68, a P/E/G ratio of 1.89 and a beta of 0.36. The company has a current ratio of 0.83, a quick ratio of 0.48 and a debt-to-equity ratio of 3.24. Murphy USA Inc. has a 1 year low of $345.23 and a 1 year high of $609.82. The stock’s 50 day simple moving average is $511.27 and its 200-day simple moving average is $438.68.
Murphy USA Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Monday, May 18th will be paid a $0.64 dividend. The ex-dividend date of this dividend is Monday, May 18th. This represents a $2.56 annualized dividend and a yield of 0.4%. This is a positive change from Murphy USA’s previous quarterly dividend of $0.63. Murphy USA’s payout ratio is presently 8.85%.
Analysts Set New Price Targets
Several research analysts have commented on the company. Royal Bank Of Canada lifted their price target on Murphy USA from $510.00 to $517.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 30th. Bank of America upgraded Murphy USA from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $350.00 to $550.00 in a research report on Thursday, April 23rd. Zacks Research upgraded Murphy USA from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 28th. KeyCorp boosted their price objective on Murphy USA from $560.00 to $600.00 and gave the company an “overweight” rating in a research report on Friday, April 24th. Finally, Weiss Ratings cut Murphy USA from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Murphy USA currently has an average rating of “Moderate Buy” and a consensus target price of $503.71.
Read Our Latest Report on MUSA
Insiders Place Their Bets
In related news, SVP Renee M. Bacon sold 2,844 shares of the business’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $388.61, for a total value of $1,105,206.84. Following the sale, the senior vice president owned 3,083 shares of the company’s stock, valued at $1,198,084.63. The trade was a 47.98% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert Madison Murphy sold 41,500 shares of the business’s stock in a transaction on 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 directly owned 342,212 shares in the company, valued at approximately $204,286,875.52. This represents a 10.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 47,210 shares of company stock worth $27,129,150 over the last quarter. Corporate 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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