Treasurer of the State of North Carolina Boosts Stock Holdings in Murphy USA Inc. (NYSE:MUSA)

Treasurer of the State of North Carolina boosted its stake in shares of Murphy USA Inc. (NYSE:MUSAFree Report) by 2.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,910 shares of the specialty retailer’s stock after acquiring an additional 230 shares during the period. Treasurer of the State of North Carolina’s holdings in Murphy USA were worth $3,177,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. LSV Asset Management lifted its position in Murphy USA by 9.7% during the fourth quarter. LSV Asset Management now owns 96,230 shares of the specialty retailer’s stock valued at $34,312,000 after purchasing an additional 8,500 shares during the last quarter. Headinvest LLC bought a new position in Murphy USA during the third quarter valued at $138,000. Louisiana State Employees Retirement System bought a new position in Murphy USA during the fourth quarter valued at $1,925,000. UBS Group AG lifted its position in Murphy USA by 40.6% during the third quarter. UBS Group AG now owns 31,087 shares of the specialty retailer’s stock valued at $10,623,000 after purchasing an additional 8,972 shares during the last quarter. Finally, Northern Trust Corp lifted its position in Murphy USA by 1.9% during the third quarter. Northern Trust Corp now owns 164,400 shares of the specialty retailer’s stock valued at $56,180,000 after purchasing an additional 2,996 shares during the last quarter. 80.81% of the stock is owned by hedge funds and other institutional investors.

Murphy USA Trading Up 2.6 %

Shares of MUSA opened at $443.83 on Thursday. Murphy USA Inc. has a 1-year low of $275.27 and a 1-year high of $451.60. The company has a 50-day moving average of $424.42 and a 200 day moving average of $396.11. The firm has a market capitalization of $9.20 billion, a price-to-earnings ratio of 18.62 and a beta of 0.76. The company has a debt-to-equity ratio of 2.28, a current ratio of 0.87 and a quick ratio of 0.54.

Murphy USA (NYSE:MUSAGet Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The specialty retailer reported $3.12 earnings per share for the quarter, missing analysts’ consensus estimates of $4.09 by ($0.97). Murphy USA had a net margin of 2.43% and a return on equity of 64.45%. The company had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $4.89 billion. During the same quarter in the previous year, the business earned $4.80 EPS. The company’s quarterly revenue was down 4.6% compared to the same quarter last year. On average, research analysts expect that Murphy USA Inc. will post 25.66 EPS for the current year.

Murphy USA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Monday, May 20th were given a dividend of $0.44 per share. This is an increase from Murphy USA’s previous quarterly dividend of $0.42. The ex-dividend date was Friday, May 17th. This represents a $1.76 dividend on an annualized basis and a yield of 0.40%. Murphy USA’s dividend payout ratio (DPR) is 7.39%.

Insider Buying and Selling at Murphy USA

In other Murphy USA news, CEO R Andrew Clyde sold 10,392 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $440.32, for a total transaction of $4,575,805.44. Following the transaction, the chief executive officer now owns 199,563 shares of the company’s stock, valued at approximately $87,871,580.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, VP Donald R. Smith, Jr. sold 854 shares of Murphy USA stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $438.75, for a total value of $374,692.50. Following the transaction, the vice president now owns 20,099 shares of the company’s stock, valued at approximately $8,818,436.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO R Andrew Clyde sold 10,392 shares of Murphy USA stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $440.32, for a total transaction of $4,575,805.44. Following the completion of the transaction, the chief executive officer now directly owns 199,563 shares in the company, valued at approximately $87,871,580.16. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,451 shares of company stock valued at $5,032,498. Company insiders own 9.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on MUSA. Wells Fargo & Company raised their target price on shares of Murphy USA from $440.00 to $460.00 and gave the stock an “overweight” rating in a report on Friday, April 19th. Royal Bank of Canada raised their target price 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 restated an “overweight” rating and issued a $470.00 target price on shares of Murphy USA in a report on Wednesday, April 10th. Finally, StockNews.com lowered shares of Murphy USA from a “buy” rating to a “hold” rating in a report on Thursday, May 9th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $408.60.

View Our Latest Report on Murphy USA

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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