Wells Fargo & Company MN boosted its position in shares of Murphy USA Inc. (NYSE:MUSA – Free Report) by 8.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 45,830 shares of the specialty retailer’s stock after purchasing an additional 3,482 shares during the quarter. Wells Fargo & Company MN owned about 0.22% of Murphy USA worth $16,341,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of the company. Thoroughbred Financial Services LLC raised its holdings in Murphy USA by 3.1% in the 4th quarter. Thoroughbred Financial Services LLC now owns 1,437 shares of the specialty retailer’s stock worth $512,000 after acquiring an additional 43 shares during the last quarter. Norges Bank purchased a new position in shares of Murphy USA in the fourth quarter worth $81,560,000. NDVR Inc. bought a new position in shares of Murphy USA during the fourth quarter valued at $234,000. Quadrant Capital Group LLC boosted its position in shares of Murphy USA by 19.0% during the fourth quarter. Quadrant Capital Group LLC now owns 188 shares of the specialty retailer’s stock valued at $67,000 after buying an additional 30 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its holdings in Murphy USA by 61.0% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 2,160 shares of the specialty retailer’s stock worth $770,000 after buying an additional 818 shares in the last quarter. 80.81% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on MUSA shares. Wells Fargo & Company raised their price target on shares of Murphy USA from $440.00 to $460.00 and gave the company an “overweight” rating in a report on Friday, April 19th. Stephens restated an “overweight” rating and issued a $470.00 target price on shares of Murphy USA in a report on Wednesday, April 10th. StockNews.com lowered shares of Murphy USA from a “buy” rating to a “hold” rating in a research note on Thursday, May 9th. Finally, Royal Bank of Canada raised their price target on Murphy USA from $382.00 to $408.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Murphy USA has an average rating of “Hold” and a consensus target price of $408.60.
Get Our Latest Stock Report on Murphy USA
Insiders Place Their Bets
In other Murphy USA news, CEO R Andrew Clyde sold 10,392 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $440.32, for a total value of $4,575,805.44. Following the completion of the transaction, the chief executive officer now directly owns 199,563 shares in the company, valued at $87,871,580.16. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, VP Donald R. Smith, Jr. sold 854 shares of the stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $438.75, for a total value of $374,692.50. Following the completion of the transaction, the vice president now owns 20,099 shares of the company’s stock, valued at approximately $8,818,436.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO R Andrew Clyde sold 10,392 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $440.32, for a total value of $4,575,805.44. Following the completion of the sale, the chief executive officer now owns 199,563 shares of the company’s stock, valued at $87,871,580.16. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,451 shares of company stock worth $5,032,498. Company insiders own 9.04% of the company’s stock.
Murphy USA Stock Up 1.8 %
MUSA opened at $439.05 on Friday. Murphy USA Inc. has a 1-year low of $273.20 and a 1-year high of $449.36. The firm’s 50 day simple moving average is $422.32 and its two-hundred day simple moving average is $393.88. The company has a current ratio of 0.87, a quick ratio of 0.54 and a debt-to-equity ratio of 2.28. The company has a market capitalization of $9.10 billion, a PE ratio of 18.42 and a beta of 0.77.
Murphy USA (NYSE:MUSA – Get Free Report) last released its earnings results on Wednesday, May 1st. The specialty retailer reported $3.12 earnings per share for the quarter, missing the consensus estimate of $4.09 by ($0.97). The company had revenue of $4.84 billion for the quarter, compared to analysts’ expectations of $4.89 billion. Murphy USA had a net margin of 2.43% and a return on equity of 64.45%. Murphy USA’s revenue for the quarter was down 4.6% on a year-over-year basis. During the same quarter last year, the firm posted $4.80 earnings per share. As a group, equities analysts forecast that Murphy USA Inc. will post 25.66 EPS for the current year.
Murphy USA Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Monday, May 20th will be issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 0.40%. This is a positive change from Murphy USA’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Friday, May 17th. Murphy USA’s dividend payout ratio is currently 7.39%.
About Murphy USA
Murphy USA Inc engages in marketing of retail motor fuel products and convenience merchandise. The company operates retail stores under the Murphy USA, Murphy Express, and QuickChek brands, as well as operates non-fuel convenience stores. It operates retail gasoline stores principally in the Southeast, Southwest, and Midwest United States.
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Source: defenseworld.net
