Blue Trust Inc. Buys 34 Shares of Murphy USA Inc. (NYSE:MUSA)

Blue Trust Inc. grew its stake in shares of Murphy USA Inc. (NYSE:MUSAFree Report) by 7.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 499 shares of the specialty retailer’s stock after buying an additional 34 shares during the period. Blue Trust Inc.’s holdings in Murphy USA were worth $170,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. BlackRock Inc. grew its holdings in shares of Murphy USA by 1.4% in the 1st quarter. BlackRock Inc. now owns 2,670,297 shares of the specialty retailer’s stock valued at $533,953,000 after buying an additional 35,610 shares during the period. FMR LLC increased its holdings in shares of Murphy USA by 15.0% in the third quarter. FMR LLC now owns 1,080,410 shares of the specialty retailer’s stock worth $369,208,000 after acquiring an additional 140,879 shares in the last quarter. Morgan Stanley raised its position in shares of Murphy USA by 76.4% during the fourth quarter. Morgan Stanley now owns 379,886 shares of the specialty retailer’s stock worth $106,194,000 after purchasing an additional 164,519 shares during the period. Millennium Management LLC raised its position in shares of Murphy USA by 29.4% during the fourth quarter. Millennium Management LLC now owns 355,479 shares of the specialty retailer’s stock worth $99,371,000 after purchasing an additional 80,791 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Murphy USA by 3.4% during the 1st quarter. JPMorgan Chase & Co. now owns 334,651 shares of the specialty retailer’s stock valued at $86,357,000 after purchasing an additional 10,944 shares in the last quarter. 80.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Murphy USA

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

Analyst Ratings Changes

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

Read Our Latest Research Report on MUSA

Murphy USA Price Performance

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

Murphy USA (NYSE:MUSAGet Free Report) last issued its quarterly earnings results on Wednesday, February 7th. The specialty retailer reported $7.00 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $5.32 billion. During the same period in the previous year, the business earned $5.21 EPS. The company’s revenue was down 5.5% compared to the same quarter last year. Equities research analysts anticipate that Murphy USA Inc. will post 26.32 earnings per share for the current fiscal year.

Murphy USA Increases Dividend

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

Murphy USA 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.

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

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