London Co. of Virginia reduced its position in shares of Murphy USA Inc. (NYSE:MUSA – Free Report) by 1.6% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 167,528 shares of the specialty retailer’s stock after selling 2,787 shares during the period. London Co. of Virginia’s holdings in Murphy USA were worth $82,759,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in the company. AQR Capital Management LLC lifted its position in shares of Murphy USA by 149.9% in the fourth quarter. AQR Capital Management LLC now owns 507,418 shares of the specialty retailer’s stock valued at $204,753,000 after acquiring an additional 304,354 shares in the last quarter. Alliancebernstein L.P. boosted its stake in shares of Murphy USA by 676.7% in the second quarter. Alliancebernstein L.P. now owns 170,215 shares of the specialty retailer’s stock worth $69,243,000 after acquiring an additional 148,301 shares during the last quarter. Norges Bank acquired a new stake in shares of Murphy USA in the fourth quarter worth approximately $50,726,000. Morgan Stanley increased its position in shares of Murphy USA by 45.6% during the fourth quarter. Morgan Stanley now owns 318,473 shares of the specialty retailer’s stock worth $128,511,000 after purchasing an additional 99,798 shares in the last quarter. Finally, Orion Porfolio Solutions LLC increased its position in shares of Murphy USA by 1,785.1% during the second quarter. Orion Porfolio Solutions LLC now owns 81,211 shares of the specialty retailer’s stock worth $33,037,000 after purchasing an additional 76,903 shares in the last quarter. Institutional investors and hedge funds own 80.81% of the company’s stock.
Insider Transactions at Murphy USA
In other Murphy USA news, Director Diane N. Landen sold 3,000 shares of the business’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $547.25, for a total value of $1,641,750.00. Following the transaction, the director directly owned 53,841 shares in the company, valued at $29,464,487.25. The trade was a 5.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Renee M. Bacon sold 1,050 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $529.44, for a total transaction of $555,912.00. Following the completion of the transaction, the senior vice president owned 3,083 shares in the company, valued at $1,632,263.52. The trade was a 25.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 46,225 shares of company stock valued at $27,363,392 in the last three months. 9.02% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Report on Murphy USA
Murphy USA Stock Performance
Shares of Murphy USA stock opened at $613.40 on Friday. The business’s 50 day moving average price is $566.52 and its 200 day moving average price is $499.00. The company has a market cap of $11.33 billion, a price-to-earnings ratio of 21.20, a PEG ratio of 1.98 and a beta of 0.30. The company has a debt-to-equity ratio of 3.24, a quick ratio of 0.48 and a current ratio of 0.83. Murphy USA Inc. has a one year low of $345.23 and a one year high of $636.04.
Murphy USA (NYSE:MUSA – Get Free Report) last issued its earnings results on Wednesday, April 29th. The specialty retailer reported $7.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.37 by $1.91. Murphy USA had a return on equity of 91.05% and a net margin of 2.81%.The business had revenue of $4.82 billion during the quarter, compared to the consensus estimate of $4.70 billion. During the same period last year, the company earned $2.63 EPS. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, research analysts predict that Murphy USA Inc. will post 32.58 EPS for the current year.
Murphy USA Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, May 18th were issued a $0.64 dividend. This is an increase from Murphy USA’s previous quarterly dividend of $0.63. This represents a $2.56 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, May 18th. Murphy USA’s payout ratio is currently 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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