Federated Hermes Inc. Sells 14,675 Shares of Murphy USA Inc. $MUSA

Federated Hermes Inc. decreased its holdings in shares of Murphy USA Inc. (NYSE:MUSA) by 57.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,707 shares of the specialty retailer’s stock after selling 14,675 shares during the quarter. Federated Hermes Inc. owned 0.06% of Murphy USA worth $4,157,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of MUSA. EverSource Wealth Advisors LLC grew its stake in Murphy USA by 423.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 68 shares of the specialty retailer’s stock worth $28,000 after buying an additional 55 shares in the last quarter. Ameritas Advisory Services LLC purchased a new position in Murphy USA in the second quarter worth $29,000. Golden State Wealth Management LLC increased its stake in Murphy USA by 1,925.0% in the second quarter. Golden State Wealth Management LLC now owns 81 shares of the specialty retailer’s stock valued at $33,000 after acquiring an additional 77 shares during the last quarter. American National Bank & Trust purchased a new stake in Murphy USA during the third quarter valued at about $64,000. Finally, Headlands Technologies LLC bought a new stake in Murphy USA during the second quarter worth about $67,000. 80.81% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Murphy USA

In related news, CEO Malynda K. West sold 4,051 shares of the firm’s stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $425.00, for a total value of $1,721,675.00. Following the sale, the chief executive officer directly owned 117,389 shares of the company’s stock, valued at $49,890,325. This trade represents a 3.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO R Andrew Clyde sold 16,250 shares of the business’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $381.33, for a total value of $6,196,612.50. Following the transaction, the chief executive officer owned 59,172 shares in the company, valued at approximately $22,564,058.76. This represents a 21.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 45,034 shares of company stock valued at $17,349,722 in the last three months. 10.12% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on MUSA shares. Weiss Ratings reissued a “hold (c)” rating on shares of Murphy USA in a report on Monday, December 29th. Stephens increased their price target on shares of Murphy USA from $425.00 to $475.00 and gave the company an “overweight” rating in a research report on Wednesday, January 21st. KeyCorp reissued an “overweight” rating on shares of Murphy USA in a research note on Monday. Wells Fargo & Company boosted their price objective on shares of Murphy USA from $375.00 to $410.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 21st. Finally, Zacks Research raised shares of Murphy USA from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $460.33.

Murphy USA Price Performance

Shares of Murphy USA stock opened at $434.68 on Wednesday. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.81 and a quick ratio of 0.40. Murphy USA Inc. has a one year low of $345.23 and a one year high of $523.09. The business’s 50 day simple moving average is $413.24 and its two-hundred day simple moving average is $393.32. The stock has a market capitalization of $8.14 billion, a P/E ratio of 18.33, a price-to-earnings-growth ratio of 3.75 and a beta of 0.38.

About Murphy USA

Murphy USA is a leading downstream marketer of gasoline, diesel and convenience store products in the United States. Headquartered in El Dorado, Arkansas, the company was originally established as part of Murphy Oil Corporation and was spun off as an independent public entity in 2013. Since its separation, Murphy USA has focused on retail fueling services and convenience offerings designed to deliver value and convenience to consumers.

The company’s primary operations center on two retail formats.