Murphy USA Inc. (NYSE:MUSA) Shares Sold by Ritholtz Wealth Management

Ritholtz Wealth Management lowered its stake in Murphy USA Inc. (NYSE:MUSAFree Report) by 8.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,137 shares of the specialty retailer’s stock after selling 105 shares during the quarter. Ritholtz Wealth Management’s holdings in Murphy USA were worth $405,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Pinebridge Investments L.P. grew its stake in Murphy USA by 136.1% in the 2nd quarter. Pinebridge Investments L.P. now owns 85 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 49 shares during the period. C M Bidwell & Associates Ltd. acquired a new stake in Murphy USA in the 2nd quarter valued at $38,000. Fifth Third Bancorp grew its stake in Murphy USA by 34.2% in the 3rd quarter. Fifth Third Bancorp now owns 153 shares of the specialty retailer’s stock valued at $52,000 after acquiring an additional 39 shares during the period. Covington Capital Management acquired a new stake in Murphy USA in the 3rd quarter valued at $61,000. Finally, Harbor Investment Advisory LLC boosted its stake in Murphy USA by 26.1% during the 3rd quarter. Harbor Investment Advisory LLC now owns 275 shares of the specialty retailer’s stock worth $94,000 after purchasing an additional 57 shares during the last quarter. Institutional investors and hedge funds own 80.81% of the company’s stock.

Murphy USA Trading Up 1.9 %

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

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

Murphy USA Increases Dividend

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

Analyst Ratings Changes

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

Get Our Latest Report on MUSA

Insider Activity at Murphy USA

In related news, SVP Christopher A. Click sold 664 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $415.55, for a total value of $275,925.20. Following the sale, the senior vice president now directly owns 2,413 shares in the company, valued at approximately $1,002,722.15. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, SVP Robert J. Chumley sold 7,016 shares of the business’s 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 in the company, valued at approximately $2,607,700.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Christopher A. Click sold 664 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $415.55, for a total transaction of $275,925.20. Following the sale, the senior vice president now owns 2,413 shares in the company, valued at $1,002,722.15. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 10,440 shares of company stock worth $4,244,582. Company insiders own 9.47% of the company’s stock.

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.

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

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