California State Teachers Retirement System Decreases Holdings in Murphy USA Inc. (NYSE:MUSA)

California State Teachers Retirement System trimmed its holdings in shares of Murphy USA Inc. (NYSE:MUSAFree Report) by 5.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,592 shares of the specialty retailer’s stock after selling 1,334 shares during the quarter. California State Teachers Retirement System owned 0.10% of Murphy USA worth $7,699,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the company. FMR LLC grew its holdings in Murphy USA by 15.0% during the 3rd quarter. FMR LLC now owns 1,080,410 shares of the specialty retailer’s stock valued at $369,208,000 after purchasing an additional 140,879 shares during the last quarter. Invesco Ltd. grew its holdings in Murphy USA by 30.8% during the 3rd quarter. Invesco Ltd. now owns 308,398 shares of the specialty retailer’s stock valued at $105,389,000 after purchasing an additional 72,537 shares during the last quarter. International Assets Investment Management LLC grew its stake in Murphy USA by 35,556.0% in the 4th quarter. International Assets Investment Management LLC now owns 269,916 shares of the specialty retailer’s stock worth $96,241,000 after acquiring an additional 269,159 shares in the last quarter. Norges Bank bought a new position in Murphy USA in the 4th quarter worth about $81,560,000. Finally, Charles Schwab Investment Management Inc. grew its stake in Murphy USA by 1.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 194,560 shares of the specialty retailer’s stock worth $69,372,000 after acquiring an additional 1,986 shares in the last quarter. 80.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on MUSA. StockNews.com downgraded shares of Murphy USA from a “buy” rating to a “hold” rating in a research note on Thursday, May 9th. Wells Fargo & Company upped their target price on shares of Murphy USA from $440.00 to $460.00 and gave the stock an “overweight” rating in a research note on Friday, April 19th. Finally, Stephens restated an “overweight” rating and issued a $470.00 target price on shares of Murphy USA in a research note on Wednesday, April 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Murphy USA has an average rating of “Hold” and an average price target of $408.60.

Check Out Our Latest Research Report on MUSA

Insider Activity at Murphy USA

In related news, CEO R Andrew Clyde sold 10,392 shares of the stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now owns 199,563 shares of the company’s stock, valued at $87,871,580.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Murphy USA news, VP Donald R. Smith, Jr. sold 854 shares of the firm’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 transaction, the vice president now owns 20,099 shares of the company’s stock, valued at $8,818,436.25. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO R Andrew Clyde sold 10,392 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at approximately $87,871,580.16. The disclosure for this sale can be found here. Insiders sold 11,451 shares of company stock valued at $5,032,498 over the last 90 days. Insiders own 9.04% of the company’s stock.

Murphy USA Price Performance

NYSE MUSA opened at $445.59 on Monday. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.54 and a current ratio of 0.87. The firm’s 50 day moving average price is $425.45 and its 200-day moving average price is $397.40. Murphy USA Inc. has a 52-week low of $280.77 and a 52-week high of $451.60. The company has a market cap of $9.23 billion, a PE ratio of 18.70 and a beta of 0.76.

Murphy USA (NYSE:MUSAGet Free Report) last released its quarterly earnings data on Wednesday, May 1st. The specialty retailer reported $3.12 earnings per share (EPS) 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 business had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $4.89 billion. During the same quarter in the prior year, the business posted $4.80 earnings per share. Murphy USA’s revenue for the quarter was down 4.6% on a year-over-year basis. Sell-side analysts forecast that Murphy USA Inc. will post 24.61 EPS for the current fiscal year.

Murphy USA Increases Dividend

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

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.

See Also

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

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