Texas Yale Capital Corp. increased its holdings in shares of Murphy USA Inc. (NYSE:MUSA – Free Report) by 18.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,046 shares of the specialty retailer’s stock after purchasing an additional 1,115 shares during the quarter. Texas Yale Capital Corp.’s holdings in Murphy USA were worth $2,843,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently bought and sold shares of the company. NewEdge Advisors LLC lifted its stake in shares of Murphy USA by 10.2% in the 1st quarter. NewEdge Advisors LLC now owns 1,685 shares of the specialty retailer’s stock valued at $792,000 after purchasing an additional 156 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Murphy USA by 423.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 68 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 55 shares during the last quarter. Cresset Asset Management LLC bought a new stake in shares of Murphy USA in the 2nd quarter valued at approximately $603,000. Cerity Partners LLC bought a new stake in shares of Murphy USA in the 2nd quarter valued at approximately $596,000. Finally, Qube Research & Technologies Ltd bought a new stake in shares of Murphy USA in the 2nd quarter valued at approximately $227,000. Institutional investors own 80.81% of the company’s stock.
Analyst Ratings Changes
A number of research firms recently issued reports on MUSA. Wells Fargo & Company boosted their price objective on Murphy USA from $450.00 to $520.00 and gave the company an “equal weight” rating in a report on Friday, May 1st. Zacks Research upgraded Murphy USA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 28th. Royal Bank Of Canada boosted their price objective on Murphy USA from $510.00 to $517.00 and gave the company a “sector perform” rating in a report on Thursday, April 30th. Wall Street Zen cut Murphy USA from a “strong-buy” rating to a “buy” rating in a report on Saturday. Finally, Weiss Ratings raised Murphy USA from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $503.71.
Insider Transactions at Murphy USA
In other Murphy USA news, SVP Keith A. Emery sold 517 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $574.49, for a total transaction of $297,011.33. Following the sale, the senior vice president owned 500 shares in the company, valued at approximately $287,245. The trade was a 50.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Scott G. Woodward sold 158 shares of the business’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $600.50, for a total value of $94,879.00. Following the sale, the senior vice president owned 476 shares in the company, valued at approximately $285,838. The trade was a 24.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 43,362 shares of company stock worth $25,779,517 in the last 90 days. 9.02% of the stock is owned by company insiders.
Murphy USA Trading Down 0.1%
Shares of NYSE MUSA opened at $505.77 on Monday. The company has a quick ratio of 0.48, a current ratio of 0.83 and a debt-to-equity ratio of 3.24. The business has a fifty day simple moving average of $524.17 and a two-hundred day simple moving average of $448.24. The firm has a market cap of $9.34 billion, a PE ratio of 17.48, a price-to-earnings-growth ratio of 1.71 and a beta of 0.30. Murphy USA Inc. has a twelve month low of $345.23 and a twelve month high of $609.82.
Murphy USA (NYSE:MUSA – Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The specialty retailer reported $7.28 EPS for the quarter, topping the consensus estimate of $5.37 by $1.91. The firm had revenue of $4.82 billion during 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 business’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.63 EPS. Analysts expect that Murphy USA Inc. will post 31.48 earnings per share for the current fiscal year.
Murphy USA Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Monday, May 18th will be paid a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a yield of 0.5%. The ex-dividend date is Monday, May 18th. This is a boost from Murphy USA’s previous quarterly dividend of $0.63. Murphy USA’s dividend payout ratio (DPR) is presently 8.85%.
About Murphy USA
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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