Raymond James & Associates Sells 16,990 Shares of Murphy USA Inc. (NYSE:MUSA)

Raymond James & Associates trimmed its position in Murphy USA Inc. (NYSE:MUSAGet Rating) by 27.5% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 44,876 shares of the specialty retailer’s stock after selling 16,990 shares during the period. Raymond James & Associates owned about 0.19% of Murphy USA worth $12,337,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Quadrant Capital Group LLC boosted its position in Murphy USA by 47.6% in the 2nd quarter. Quadrant Capital Group LLC now owns 121 shares of the specialty retailer’s stock valued at $28,000 after buying an additional 39 shares during the last quarter. Private Trust Co. NA bought a new position in shares of Murphy USA in the 2nd quarter worth $34,000. Ronald Blue Trust Inc. bought a new position in shares of Murphy USA in the 2nd quarter worth $33,000. Pinebridge Investments L.P. bought a new position in shares of Murphy USA in the 2nd quarter worth $43,000. Finally, LS Investment Advisors LLC bought a new position in shares of Murphy USA in the 2nd quarter worth $51,000. 85.30% of the stock is currently owned by institutional investors.

Murphy USA Stock Performance

MUSA opened at $264.01 on Wednesday. The business’s 50-day moving average price is $288.29 and its two-hundred day moving average price is $282.43. Murphy USA Inc. has a 1 year low of $164.30 and a 1 year high of $323.00. The company has a market capitalization of $5.97 billion, a price-to-earnings ratio of 9.73 and a beta of 0.86. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.01 and a quick ratio of 0.64.

Murphy USA (NYSE:MUSAGet Rating) last released its quarterly earnings results on Wednesday, October 26th. The specialty retailer reported $9.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.82 by $1.46. Murphy USA had a return on equity of 84.93% and a net margin of 2.91%. The firm had revenue of $6.19 billion for the quarter, compared to the consensus estimate of $5.96 billion. Equities analysts expect that Murphy USA Inc. will post 26.99 EPS for the current fiscal year.

Murphy USA Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 1st. Shareholders of record on Tuesday, November 8th were paid a $0.35 dividend. This is an increase from Murphy USA’s previous quarterly dividend of $0.32. The ex-dividend date was Monday, November 7th. This represents a $1.40 annualized dividend and a dividend yield of 0.53%. Murphy USA’s dividend payout ratio (DPR) is currently 5.16%.

Analysts Set New Price Targets

MUSA has been the topic of several recent research reports. The Goldman Sachs Group raised their price target on Murphy USA from $200.00 to $228.00 and gave the stock a “sell” rating in a research report on Wednesday, October 19th. Raymond James raised their price target on Murphy USA from $315.00 to $335.00 and gave the stock an “outperform” rating in a research report on Friday, October 28th. Wells Fargo & Company lifted their target price on Murphy USA from $290.00 to $305.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 4th. Stephens lifted their target price on Murphy USA from $315.00 to $355.00 and gave the stock an “overweight” rating in a report on Friday, October 28th. Finally, Royal Bank of Canada initiated coverage on Murphy USA in a report on Wednesday, December 14th. They set a “sector perform” rating and a $360.00 target price on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Murphy USA has a consensus rating of “Moderate Buy” and a consensus target price of $316.60.

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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