Assenagon Asset Management S.A. Lowers Stock Position in Murphy USA Inc. (NYSE:MUSA)

Assenagon Asset Management S.A. reduced its stake in shares of Murphy USA Inc. (NYSE:MUSAFree Report) by 87.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,136 shares of the specialty retailer’s stock after selling 81,870 shares during the period. Assenagon Asset Management S.A. owned 0.06% of Murphy USA worth $4,327,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in MUSA. Headinvest LLC purchased a new position in Murphy USA during the third quarter valued at $138,000. UBS Group AG increased its holdings in shares of Murphy USA by 40.6% in the third quarter. UBS Group AG now owns 31,087 shares of the specialty retailer’s stock worth $10,623,000 after purchasing an additional 8,972 shares during the last quarter. Northern Trust Corp lifted its position in shares of Murphy USA by 1.9% in the third quarter. Northern Trust Corp now owns 164,400 shares of the specialty retailer’s stock worth $56,180,000 after buying an additional 2,996 shares in the last quarter. RPg Family Wealth Advisory LLC bought a new position in Murphy USA during the third quarter valued at approximately $4,654,000. Finally, Envestnet Asset Management Inc. grew its holdings in Murphy USA by 27.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 73,205 shares of the specialty retailer’s stock valued at $25,016,000 after buying an additional 15,914 shares in the last quarter. 80.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on MUSA shares. Royal Bank of Canada upped their price objective on Murphy USA from $382.00 to $408.00 and gave the stock a “sector perform” rating in a report on Thursday, February 8th. Wells Fargo & Company upped their price target on shares of Murphy USA from $395.00 to $440.00 and gave the company an “overweight” rating in a research note on Friday, February 9th. Stephens restated an “overweight” rating and set a $425.00 target price on shares of Murphy USA in a research report on Thursday, February 8th. Finally, Jefferies Financial Group raised shares of Murphy USA from a “hold” rating to a “buy” rating and increased their price target for the company from $375.00 to $425.00 in a report on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $395.60.

Get Our Latest Stock Report on MUSA

Insider Buying and Selling

In related news, SVP Robert J. Chumley sold 7,016 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $404.42, for a total value of $2,837,410.72. Following the sale, the senior vice president now directly owns 6,448 shares of the company’s stock, valued at approximately $2,607,700.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, SVP Robert J. Chumley sold 7,016 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $404.42, for a total value of $2,837,410.72. Following the sale, the senior vice president now directly owns 6,448 shares of the company’s stock, valued at approximately $2,607,700.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Donald R. Smith, Jr. sold 1,235 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $407.96, for a total transaction of $503,830.60. Following the completion of the sale, the vice president now directly owns 21,564 shares in the company, valued at $8,797,249.44. The disclosure for this sale can be found here. Insiders have sold 10,440 shares of company stock valued at $4,244,582 in the last ninety days. 9.47% of the stock is owned by company insiders.

Murphy USA Stock Up 1.9 %

Shares of NYSE:MUSA opened at $427.01 on Tuesday. The company has a current ratio of 0.95, a quick ratio of 0.56 and a debt-to-equity ratio of 2.15. Murphy USA Inc. has a 12 month low of $248.75 and a 12 month high of $429.59. The company has a 50-day moving average price of $397.49 and a 200 day moving average price of $374.20. The company has a market cap of $8.89 billion, a price-to-earnings ratio of 16.74 and a beta of 0.76.

Murphy USA (NYSE:MUSAGet Free Report) last announced its quarterly earnings results on Wednesday, February 7th. The specialty retailer reported $7.00 EPS for the quarter, beating analysts’ consensus estimates of $5.79 by $1.21. Murphy USA had a net margin of 2.59% and a return on equity of 70.92%. The firm had revenue of $5.07 billion during the quarter, compared to the consensus estimate of $5.32 billion. During the same quarter last year, the firm earned $5.21 EPS. The firm’s revenue for the quarter was down 5.5% compared to the same quarter last year. As a group, equities research analysts predict that Murphy USA Inc. will post 26.32 earnings per share for the current year.

Murphy USA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 7th. Investors of record on Monday, February 26th were given a $0.42 dividend. This is a positive change from Murphy USA’s previous quarterly dividend of $0.41. This represents a $1.68 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date of this dividend was Friday, February 23rd. Murphy USA’s dividend payout ratio is 6.59%.

Murphy USA Company Profile

(Free Report)

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.

Further Reading

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

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