JPMorgan Chase & Co. Sells 208,545 Shares of Murphy USA Inc. (NYSE:MUSA)

JPMorgan Chase & Co. decreased its stake in shares of Murphy USA Inc. (NYSE:MUSAGet Rating) by 26.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 584,787 shares of the specialty retailer’s stock after selling 208,545 shares during the quarter. JPMorgan Chase & Co. owned 2.50% of Murphy USA worth $136,180,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Signaturefd LLC increased its stake in Murphy USA by 20.7% in the first quarter. Signaturefd LLC now owns 262 shares of the specialty retailer’s stock valued at $52,000 after acquiring an additional 45 shares during the period. Steward Partners Investment Advisory LLC increased its stake in Murphy USA by 454.6% in the first quarter. Steward Partners Investment Advisory LLC now owns 6,489 shares of the specialty retailer’s stock valued at $1,297,000 after acquiring an additional 5,319 shares during the period. Calamos Advisors LLC bought a new stake in Murphy USA in the first quarter valued at about $1,126,000. Versor Investments LP bought a new stake in Murphy USA in the first quarter valued at about $344,000. Finally, Envestnet Asset Management Inc. increased its stake in Murphy USA by 8.3% in the first quarter. Envestnet Asset Management Inc. now owns 32,026 shares of the specialty retailer’s stock valued at $6,404,000 after acquiring an additional 2,468 shares during the period. Institutional investors own 87.52% of the company’s stock.

Wall Street Analysts Forecast Growth

MUSA has been the topic of a number of analyst reports. Raymond James upped their target price on shares of Murphy USA from $315.00 to $335.00 and gave the company an “outperform” rating in a research note on Friday, October 28th. StockNews.com raised shares of Murphy USA from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 7th. Wells Fargo & Company upped their price objective on shares of Murphy USA from $230.00 to $270.00 in a research note on Friday, July 29th. Stephens upped their price objective on shares of Murphy USA from $315.00 to $355.00 and gave the stock an “overweight” rating in a research note on Friday, October 28th. Finally, The Goldman Sachs Group upped their price objective on shares of Murphy USA from $200.00 to $228.00 and gave the stock a “sell” rating in a research note on Wednesday, October 19th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $297.00.

Murphy USA Price Performance

Shares of MUSA stock opened at $289.77 on Tuesday. Murphy USA Inc. has a 1 year low of $164.30 and a 1 year high of $323.00. The firm’s 50 day moving average is $287.18 and its 200-day moving average is $271.11. The firm has a market capitalization of $6.55 billion, a price-to-earnings ratio of 10.68 and a beta of 0.89. The company has a current ratio of 1.01, a quick ratio of 0.64 and a debt-to-equity ratio of 2.34.

Murphy USA Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Tuesday, November 8th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.48%. This is a positive change from Murphy USA’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Monday, November 7th. Murphy USA’s dividend payout ratio is presently 5.16%.

Murphy USA 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.

See Also

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

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