HB Wealth Management LLC Sells 55 Shares of Murphy USA Inc. $MUSA

HB Wealth Management LLC cut its stake in Murphy USA Inc. (NYSE:MUSA) by 9.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 506 shares of the specialty retailer’s stock after selling 55 shares during the period. HB Wealth Management LLC’s holdings in Murphy USA were worth $206,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Washington Capital Management Inc. bought a new stake in Murphy USA in the 2nd quarter valued at $325,000. Mustard Seed Financial LLC boosted its holdings in Murphy USA by 8.7% in the 2nd quarter. Mustard Seed Financial LLC now owns 1,103 shares of the specialty retailer’s stock valued at $449,000 after purchasing an additional 88 shares during the period. WD Rutherford LLC bought a new stake in Murphy USA in the 2nd quarter valued at $49,000. Fortune Financial Advisors LLC boosted its holdings in Murphy USA by 1.6% in the 2nd quarter. Fortune Financial Advisors LLC now owns 1,821 shares of the specialty retailer’s stock valued at $741,000 after purchasing an additional 29 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in Murphy USA by 8.7% in the 2nd quarter. GAMMA Investing LLC now owns 1,281 shares of the specialty retailer’s stock valued at $521,000 after purchasing an additional 102 shares during the period. 80.81% of the stock is owned by institutional investors.

Murphy USA Trading Up 0.5%

Shares of NYSE MUSA opened at $381.78 on Wednesday. Murphy USA Inc. has a 1-year low of $345.23 and a 1-year high of $561.08. The company has a market cap of $7.36 billion, a PE ratio of 15.81 and a beta of 0.42. The company has a current ratio of 0.80, a quick ratio of 0.39 and a debt-to-equity ratio of 3.20. The company has a 50-day moving average of $383.94 and a two-hundred day moving average of $425.81.

Murphy USA (NYSE:MUSA) last announced its earnings results on Wednesday, July 30th. The specialty retailer reported $7.36 earnings per share for the quarter, topping analysts’ consensus estimates of $6.82 by $0.54. Murphy USA had a net margin of 2.52% and a return on equity of 64.63%. The company had revenue of $5.01 billion during the quarter, compared to the consensus estimate of $5.17 billion. During the same period in the previous year, the firm posted $6.92 earnings per share. The company’s revenue was down 8.2% on a year-over-year basis. As a group, equities analysts expect that Murphy USA Inc. will post 26.45 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, September 4th. Shareholders of record on Monday, August 25th were paid a $0.53 dividend. This is a boost from Murphy USA’s previous quarterly dividend of $0.50. This represents a $2.12 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Monday, August 25th. Murphy USA’s payout ratio is presently 8.78%.

Analyst Ratings Changes

Several research analysts recently commented on the company. Jefferies Financial Group cut Murphy USA from a “buy” rating to a “hold” rating and set a $350.00 target price for the company. in a research report on Friday, August 1st. KeyCorp reiterated an “overweight” rating and set a $480.00 target price on shares of Murphy USA in a research report on Friday, September 5th. Wells Fargo & Company decreased their target price on shares of Murphy USA from $520.00 to $440.00 and set an “overweight” rating on the stock in a research report on Friday, August 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of Murphy USA in a research report on Saturday, September 27th. Finally, Zacks Research upgraded shares of Murphy USA from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, Murphy USA has an average rating of “Moderate Buy” and a consensus target price of $483.17.

Insider Transactions at Murphy USA

In other Murphy USA news, COO Malynda K. West sold 1,859 shares of the business’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $386.22, for a total value of $717,982.98. Following the completion of the transaction, the chief operating officer directly owned 117,389 shares of the company’s stock, valued at approximately $45,337,979.58. The trade was a 1.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Robert Madison Murphy bought 5,000 shares of the company’s stock in a transaction on Tuesday, August 5th. The stock was bought at an average cost of $367.01 per share, with a total value of $1,835,050.00. Following the completion of the purchase, the director owned 389,172 shares of the company’s stock, valued at approximately $142,830,015.72. The trade was a 1.30% increase in their position. The disclosure for this purchase can be found here. Insiders own 10.12% of the company’s stock.

About Murphy USA

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.