Bank of Montreal Can grew its holdings in Murphy USA Inc. (NYSE:MUSA – Get Rating) by 274.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,926 shares of the specialty retailer’s stock after buying an additional 8,011 shares during the period. Bank of Montreal Can’s holdings in Murphy USA were worth $3,033,000 at the end of the most recent quarter.
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Other hedge funds also recently made changes to their positions in the company. Financial Management Professionals Inc. acquired a new stake in shares of Murphy USA in the third quarter valued at approximately $27,000. Quadrant Capital Group LLC lifted its position in shares of Murphy USA by 47.6% in the second quarter. Quadrant Capital Group LLC now owns 121 shares of the specialty retailer’s stock valued at $28,000 after buying an additional 39 shares during the last quarter. Private Trust Co. NA acquired a new stake in shares of Murphy USA in the second quarter valued at approximately $34,000. Ronald Blue Trust Inc. acquired a new stake in shares of Murphy USA in the second quarter valued at approximately $33,000. Finally, Pinebridge Investments L.P. acquired a new stake in shares of Murphy USA in the second quarter valued at approximately $43,000. 85.30% of the stock is owned by institutional investors and hedge funds.
Murphy USA Price Performance
Shares of NYSE MUSA opened at $264.68 on Friday. The stock has a market capitalization of $5.74 billion, a PE ratio of 9.42 and a beta of 0.83. The company has a debt-to-equity ratio of 2.80, a current ratio of 0.85 and a quick ratio of 0.48. The business has a fifty day moving average price of $270.51 and a two-hundred day moving average price of $282.52. Murphy USA Inc. has a fifty-two week low of $164.30 and a fifty-two week high of $323.00.
Murphy USA (NYSE:MUSA – Get Rating) last announced its quarterly earnings data on Wednesday, February 1st. The specialty retailer reported $5.21 earnings per share for the quarter, missing the consensus estimate of $6.16 by ($0.95). The company had revenue of $5.37 billion during the quarter, compared to analyst estimates of $5.40 billion. Murphy USA had a net margin of 2.87% and a return on equity of 90.90%. Murphy USA’s revenue was up 12.6% on a year-over-year basis. During the same period in the prior year, the firm earned $4.23 earnings per share. As a group, equities analysts predict that Murphy USA Inc. will post 18.89 earnings per share for the current fiscal year.
Murphy USA Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 1st. Shareholders of record on Tuesday, February 21st will be issued a $0.37 dividend. The ex-dividend date is Friday, February 17th. This is a boost from Murphy USA’s previous quarterly dividend of $0.35. This represents a $1.48 annualized dividend and a yield of 0.56%. Murphy USA’s payout ratio is currently 5.27%.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on the company. Wells Fargo & Company cut their price objective on Murphy USA from $350.00 to $325.00 and set an “overweight” rating for the company in a research report on Friday, February 3rd. Raymond James dropped their price target on Murphy USA from $335.00 to $305.00 and set an “outperform” rating for the company in a report on Friday, February 3rd. Royal Bank of Canada initiated coverage on Murphy USA in a report on Wednesday, December 14th. They set a “sector perform” rating and a $360.00 price target for the company. Finally, StockNews.com cut Murphy USA from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 8th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $314.60.
Murphy USA Company Profile
Murphy USA, Inc engages in marketing motor fuel products and convenience merchandise through retail stores, namely Murphy USA and Murphy Express. It collaborates with Walmart to offer customers discounted and free items based on purchases of qualifying fuel and merchandise. The company was founded on March 1, 2013 and is headquartered in El Dorado, AR.
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