Mitsubishi UFJ Trust & Banking Corp Has $1.67 Million Position in Murphy USA Inc. (NYSE:MUSA)

Mitsubishi UFJ Trust & Banking Corp lowered its position in Murphy USA Inc. (NYSE:MUSAGet Rating) by 17.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,339 shares of the specialty retailer’s stock after selling 1,708 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Murphy USA were worth $1,667,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in MUSA. State Street Corp raised its position in shares of Murphy USA by 1.6% in the fourth quarter. State Street Corp now owns 815,152 shares of the specialty retailer’s stock valued at $162,411,000 after purchasing an additional 12,774 shares during the period. Victory Capital Management Inc. raised its position in shares of Murphy USA by 0.6% in the first quarter. Victory Capital Management Inc. now owns 472,375 shares of the specialty retailer’s stock valued at $94,730,000 after purchasing an additional 2,679 shares during the period. Geode Capital Management LLC raised its position in shares of Murphy USA by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 404,112 shares of the specialty retailer’s stock valued at $80,515,000 after purchasing an additional 1,191 shares during the period. Brown Advisory Inc. raised its position in shares of Murphy USA by 1.4% in the first quarter. Brown Advisory Inc. now owns 355,605 shares of the specialty retailer’s stock valued at $71,103,000 after purchasing an additional 4,881 shares during the period. Finally, Bank of New York Mellon Corp increased its position in Murphy USA by 1.4% during the first quarter. Bank of New York Mellon Corp now owns 290,157 shares of the specialty retailer’s stock worth $58,019,000 after acquiring an additional 4,023 shares during the period. Institutional investors and hedge funds own 87.52% of the company’s stock.

Insiders Place Their Bets

In related news, VP Donald R. Smith, Jr. sold 1,121 shares of Murphy USA stock in a transaction that occurred on Friday, August 12th. The shares were sold at an average price of $292.43, for a total transaction of $327,814.03. Following the sale, the vice president now directly owns 17,998 shares of the company’s stock, valued at approximately $5,263,155.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, VP Donald R. Smith, Jr. sold 1,121 shares of the company’s stock in a transaction on Friday, August 12th. The shares were sold at an average price of $292.43, for a total transaction of $327,814.03. Following the completion of the transaction, the vice president now directly owns 17,998 shares in the company, valued at $5,263,155.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert Madison Murphy sold 50,000 shares of the firm’s stock in a transaction on Monday, August 1st. The shares were sold at an average price of $285.48, for a total value of $14,274,000.00. Following the sale, the director now directly owns 463,524 shares in the company, valued at approximately $132,326,831.52. The disclosure for this sale can be found here. Corporate insiders own 9.04% of the company’s stock.

Murphy USA Trading Down 1.1 %

Shares of Murphy USA stock opened at $287.58 on Monday. The company has a market capitalization of $6.72 billion, a price-to-earnings ratio of 13.18 and a beta of 0.90. The company has a quick ratio of 0.67, a current ratio of 1.03 and a debt-to-equity ratio of 2.35. Murphy USA Inc. has a 12-month low of $145.24 and a 12-month high of $303.09. The firm’s 50-day moving average price is $272.97 and its two-hundred day moving average price is $236.41.

Murphy USA (NYSE:MUSAGet Rating) last announced its quarterly earnings data on Wednesday, July 27th. The specialty retailer reported $7.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.65 by $2.88. The firm had revenue of $6.77 billion for the quarter, compared to the consensus estimate of $6.18 billion. Murphy USA had a net margin of 2.58% and a return on equity of 68.86%. The business’s revenue for the quarter was up 51.9% on a year-over-year basis. During the same period in the prior year, the company posted $4.79 earnings per share. On average, analysts forecast that Murphy USA Inc. will post 21.39 earnings per share for the current fiscal year.

Murphy USA Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 8th. Shareholders of record on Tuesday, August 30th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 0.45%. This is an increase from Murphy USA’s previous quarterly dividend of $0.31. The ex-dividend date is Monday, August 29th. Murphy USA’s dividend payout ratio is presently 5.87%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on MUSA shares. Wells Fargo & Company raised their price target on shares of Murphy USA from $230.00 to $270.00 in a research report on Friday, July 29th. Stephens raised their price target on shares of Murphy USA from $290.00 to $300.00 and gave the stock an “overweight” rating in a research report on Monday, July 11th. Finally, StockNews.com raised shares of Murphy USA from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 5th.

Murphy USA Company Profile

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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 of December 31, 2021, it operated 1,679 retail gasoline stores principally in the Southeast, Southwest, and Midwest United States.

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

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