Bank of Nova Scotia Has $383,000 Stake in Murphy USA Inc. (NYSE:MUSA)

Bank of Nova Scotia decreased its stake in shares of Murphy USA Inc. (NYSE:MUSAFree Report) by 22.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,075 shares of the specialty retailer’s stock after selling 307 shares during the period. Bank of Nova Scotia’s holdings in Murphy USA were worth $383,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in MUSA. TFO Wealth Partners LLC lifted its position in Murphy USA by 64,800.0% during the 4th quarter. TFO Wealth Partners LLC now owns 1,298 shares of the specialty retailer’s stock worth $463,000 after acquiring an additional 1,296 shares during the last quarter. Treasurer of the State of North Carolina boosted its position in shares of Murphy USA by 2.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 8,910 shares of the specialty retailer’s stock valued at $3,177,000 after acquiring an additional 230 shares during the period. Intech Investment Management LLC grew its stake in shares of Murphy USA by 29.1% in the fourth quarter. Intech Investment Management LLC now owns 3,814 shares of the specialty retailer’s stock worth $1,360,000 after acquiring an additional 860 shares during the last quarter. Neuberger Berman Group LLC increased its position in Murphy USA by 1.0% during the fourth quarter. Neuberger Berman Group LLC now owns 4,943 shares of the specialty retailer’s stock worth $1,762,000 after acquiring an additional 47 shares during the period. Finally, Commerce Bank raised its stake in Murphy USA by 49.1% during the 4th quarter. Commerce Bank now owns 2,654 shares of the specialty retailer’s stock valued at $946,000 after purchasing an additional 874 shares during the last quarter. 80.81% of the stock is owned by institutional investors.

Murphy USA Stock Up 0.3 %

Shares of NYSE MUSA opened at $445.59 on Friday. Murphy USA Inc. has a 12-month low of $280.77 and a 12-month high of $451.60. The firm’s 50-day simple moving average is $425.45 and its 200 day simple moving average is $397.21. The company has a quick ratio of 0.54, a current ratio of 0.87 and a debt-to-equity ratio of 2.28. The company has a market cap of $9.23 billion, a price-to-earnings ratio of 18.70 and a beta of 0.76.

Murphy USA (NYSE:MUSAGet Free Report) last released its quarterly earnings results on Wednesday, May 1st. The specialty retailer reported $3.12 EPS for the quarter, missing the consensus estimate 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 period last year, the company earned $4.80 earnings per share. Murphy USA’s revenue for the quarter was down 4.6% compared to the same quarter last year. On average, research analysts expect that Murphy USA Inc. will post 24.61 earnings per share for the current fiscal year.

Murphy USA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Monday, May 20th were given a dividend of $0.44 per share. The ex-dividend date was Friday, May 17th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 0.39%. This is an increase from Murphy USA’s previous quarterly dividend of $0.42. Murphy USA’s payout ratio is presently 7.39%.

Insider Activity

In other Murphy USA news, Director Rosemary Turner sold 205 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $400.00, for a total transaction of $82,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, VP Donald R. Smith, Jr. sold 854 shares of the company’s stock in a transaction 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 completion of the sale, the vice president now owns 20,099 shares in the company, valued at approximately $8,818,436.25. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Rosemary Turner sold 205 shares of the stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $400.00, for a total value of $82,000.00. The disclosure for this sale can be found here. Insiders have sold 11,451 shares of company stock valued at $5,032,498 over the last 90 days. 9.04% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on MUSA shares. Stephens restated an “overweight” rating and set a $470.00 price target on shares of Murphy USA in a research note on Wednesday, April 10th. Wells Fargo & Company increased their target price on Murphy USA from $440.00 to $460.00 and gave the stock an “overweight” rating in a report on Friday, April 19th. Finally, StockNews.com cut Murphy USA from a “buy” rating to a “hold” rating in a report on Thursday, May 9th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Murphy USA currently has a consensus rating of “Hold” and an average price target of $408.60.

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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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