M&T Bank Corp boosted its stake in shares of Murphy USA Inc. (NYSE:MUSA – Free Report) by 5.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 2,040 shares of the specialty retailer’s stock after buying an additional 108 shares during the quarter. M&T Bank Corp’s holdings in Murphy USA were worth $727,000 as of its most recent filing with the SEC.
Other hedge funds have also bought and sold shares of the company. Resonant Capital Advisors LLC raised its stake in shares of Murphy USA by 3.6% in the third quarter. Resonant Capital Advisors LLC now owns 801 shares of the specialty retailer’s stock worth $274,000 after buying an additional 28 shares during the period. Blue Trust Inc. increased its holdings in Murphy USA by 7.3% in the 4th quarter. Blue Trust Inc. now owns 499 shares of the specialty retailer’s stock worth $170,000 after acquiring an additional 34 shares in the last quarter. Fifth Third Bancorp raised its stake in Murphy USA by 34.2% during the 3rd quarter. Fifth Third Bancorp now owns 153 shares of the specialty retailer’s stock worth $52,000 after acquiring an additional 39 shares during the period. UMB Bank n.a. lifted its holdings in Murphy USA by 191.7% during the fourth quarter. UMB Bank n.a. now owns 70 shares of the specialty retailer’s stock valued at $25,000 after purchasing an additional 46 shares in the last quarter. Finally, Harbor Investment Advisory LLC boosted its position in shares of Murphy USA by 17.5% in the fourth quarter. Harbor Investment Advisory LLC now owns 323 shares of the specialty retailer’s stock worth $115,000 after purchasing an additional 48 shares during the period. Institutional investors own 80.81% of the company’s stock.
Insiders Place Their Bets
In other news, SVP Robert J. Chumley sold 7,016 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $404.42, for a total transaction of $2,837,410.72. Following the completion of the transaction, the senior vice president now directly owns 6,448 shares in the company, valued at approximately $2,607,700.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Rosemary Turner sold 205 shares of Murphy USA stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $400.00, for a total value of $82,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Robert J. Chumley sold 7,016 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $404.42, for a total transaction of $2,837,410.72. Following the sale, the senior vice president now directly owns 6,448 shares of the company’s stock, valued at $2,607,700.16. The disclosure for this sale can be found here. Insiders have sold a total of 10,645 shares of company stock valued at $4,326,582 in the last quarter. 9.73% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on the stock. Stephens restated an “overweight” rating and set a $470.00 price objective on shares of Murphy USA in a research report on Wednesday, April 10th. Wells Fargo & Company raised their price target on Murphy USA from $440.00 to $460.00 and gave the company an “overweight” rating in a report on Friday, April 19th. Royal Bank of Canada boosted their price objective on Murphy USA from $382.00 to $408.00 and gave the company a “sector perform” rating in a research report on Thursday, February 8th. Finally, StockNews.com cut Murphy USA from a “buy” rating to a “hold” rating in a research report on Thursday, May 9th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, Murphy USA presently has a consensus rating of “Hold” and an average target price of $408.60.
Check Out Our Latest Research Report on MUSA
Murphy USA Stock Performance
MUSA opened at $436.63 on Tuesday. 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 stock has a market capitalization of $9.05 billion, a price-to-earnings ratio of 18.32 and a beta of 0.77. The company has a fifty day moving average of $415.25 and a 200 day moving average of $387.63. Murphy USA Inc. has a fifty-two week low of $268.69 and a fifty-two week high of $440.86.
Murphy USA (NYSE:MUSA – Get Free Report) last issued 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 firm had revenue of $4.84 billion for the quarter, compared to analysts’ expectations of $4.89 billion. During the same quarter in the previous year, the business earned $4.80 EPS. The company’s revenue for the quarter was down 4.6% on a year-over-year basis. As a group, sell-side analysts forecast that Murphy USA Inc. will post 25.72 earnings per share for the current fiscal year.
Murphy USA Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Monday, May 20th will be issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 0.40%. The ex-dividend date is Friday, May 17th. This is a boost from Murphy USA’s previous quarterly dividend of $0.42. Murphy USA’s dividend payout ratio (DPR) is currently 7.05%.
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.
Further Reading
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