Murphy USA Inc. (NYSE:MUSA) Shares Bought by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of Murphy USA Inc. (NYSE:MUSA) by 24.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,110 shares of the specialty retailer’s stock after buying an additional 800 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Murphy USA were worth $2,023,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of MUSA. International Assets Investment Management LLC grew its holdings in Murphy USA by 3.8% during the second quarter. International Assets Investment Management LLC now owns 784 shares of the specialty retailer’s stock worth $368,000 after acquiring an additional 29 shares during the period. GAMMA Investing LLC grew its stake in shares of Murphy USA by 5.1% during the 1st quarter. GAMMA Investing LLC now owns 643 shares of the specialty retailer’s stock worth $270,000 after purchasing an additional 31 shares during the period. CIBC Asset Management Inc grew its stake in shares of Murphy USA by 5.6% during the 2nd quarter. CIBC Asset Management Inc now owns 580 shares of the specialty retailer’s stock worth $272,000 after purchasing an additional 31 shares during the period. Resonant Capital Advisors LLC increased its holdings in shares of Murphy USA by 4.4% during the 1st quarter. Resonant Capital Advisors LLC now owns 860 shares of the specialty retailer’s stock valued at $361,000 after purchasing an additional 36 shares in the last quarter. Finally, First Affirmative Financial Network lifted its stake in shares of Murphy USA by 6.0% in the 1st quarter. First Affirmative Financial Network now owns 689 shares of the specialty retailer’s stock valued at $289,000 after purchasing an additional 39 shares during the period. 80.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Royal Bank of Canada cut their price objective on shares of Murphy USA from $538.00 to $537.00 and set a “sector perform” rating for the company in a report on Thursday, August 1st. JPMorgan Chase & Co. lowered Murphy USA from a “neutral” rating to an “underweight” rating and lifted their price target for the company from $415.00 to $435.00 in a research note on Thursday, September 19th. Wells Fargo & Company increased their price target on Murphy USA from $540.00 to $560.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Raymond James boosted their price objective on Murphy USA from $530.00 to $545.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. Finally, StockNews.com upgraded Murphy USA from a “hold” rating to a “buy” rating in a research report on Friday, October 4th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $464.57.

Murphy USA Price Performance

Shares of Murphy USA stock opened at $490.03 on Friday. The stock has a market capitalization of $10.15 billion, a P/E ratio of 20.56 and a beta of 0.77. The business has a 50 day simple moving average of $505.48 and a two-hundred day simple moving average of $469.03. Murphy USA Inc. has a 12 month low of $350.55 and a 12 month high of $552.30. The company has a debt-to-equity ratio of 2.20, a current ratio of 0.84 and a quick ratio of 0.52.

Murphy USA (NYSE:MUSA) last posted its quarterly earnings data on Wednesday, July 31st. The specialty retailer reported $6.92 EPS for the quarter, beating the consensus estimate of $6.91 by $0.01. Murphy USA had a return on equity of 64.73% and a net margin of 2.50%. The firm had revenue of $5.45 billion during the quarter, compared to the consensus estimate of $5.69 billion. During the same period in the prior year, the company earned $6.02 EPS. The firm’s revenue was down 2.4% compared to the same quarter last year. As a group, analysts predict that Murphy USA Inc. will post 24.14 EPS for the current fiscal year.

Murphy USA Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Monday, August 26th were paid a $0.45 dividend. This is an increase from Murphy USA’s previous quarterly dividend of $0.44. This represents a $1.80 annualized dividend and a dividend yield of 0.37%. The ex-dividend date was Monday, August 26th. Murphy USA’s dividend payout ratio (DPR) is currently 7.55%.

Insider Buying and Selling

In other Murphy USA news, Director James W. Keyes sold 2,000 shares of the stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $511.54, for a total value of $1,023,080.00. Following the completion of the sale, the director now owns 16,114 shares in the company, valued at approximately $8,242,955.56. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Murphy USA news, Director James W. Keyes sold 2,000 shares of the firm’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $511.54, for a total value of $1,023,080.00. Following the completion of the sale, the director now directly owns 16,114 shares of the company’s stock, valued at $8,242,955.56. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert Madison Murphy sold 13,454 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $514.38, for a total transaction of $6,920,468.52. Following the transaction, the director now directly owns 382,930 shares in the company, valued at approximately $196,971,533.40. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 32,209 shares of company stock worth $16,564,666. 9.04% of the stock is owned by insiders.

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.