Arcus Capital Partners LLC bought a new stake in Murphy USA Inc. (NYSE:MUSA - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 658 shares of the specialty retailer's stock, valued at approximately $309,000.
A number of other institutional investors have also modified their holdings of MUSA. Golden State Wealth Management LLC acquired a new position in Murphy USA during the first quarter worth $40,000. CX Institutional acquired a new position in Murphy USA during the first quarter worth $59,000. Johnson Financial Group Inc. acquired a new position in Murphy USA during the fourth quarter worth $64,000. Farther Finance Advisors LLC grew its holdings in Murphy USA by 63.5% during the first quarter. Farther Finance Advisors LLC now owns 157 shares of the specialty retailer's stock worth $75,000 after acquiring an additional 61 shares during the period. Finally, Fifth Third Bancorp grew its holdings in Murphy USA by 18.7% during the first quarter. Fifth Third Bancorp now owns 203 shares of the specialty retailer's stock worth $95,000 after acquiring an additional 32 shares during the period. Institutional investors and hedge funds own 80.81% of the company's stock.
Murphy USA Price Performance
Shares of NYSE:MUSA traded down $1.47 on Friday, hitting $425.49. The company had a trading volume of 336,541 shares, compared to its average volume of 229,856. The company has a current ratio of 0.80, a quick ratio of 0.39 and a debt-to-equity ratio of 2.74. Murphy USA Inc. has a 52-week low of $385.44 and a 52-week high of $561.08. The business has a 50 day moving average of $429.92 and a 200 day moving average of $463.10. The company has a market cap of $8.41 billion, a PE ratio of 17.95 and a beta of 0.48.
Murphy USA (NYSE:MUSA - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The specialty retailer reported $2.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.87 by ($1.24). Murphy USA had a net margin of 2.46% and a return on equity of 61.19%. The company had revenue of $4.53 billion during the quarter, compared to analysts' expectations of $4.79 billion. During the same quarter in the prior year, the company earned $3.12 earnings per share. The firm's revenue was down 6.6% compared to the same quarter last year. As a group, equities analysts anticipate that Murphy USA Inc. will post 26.45 earnings per share for the current fiscal year.
Murphy USA Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 12th were given a $0.50 dividend. This is an increase from Murphy USA's previous quarterly dividend of $0.49. This represents a $2.00 annualized dividend and a dividend yield of 0.47%. The ex-dividend date was Monday, May 12th. Murphy USA's dividend payout ratio is currently 8.44%.
Insider Activity
In related news, Director David C. Haley acquired 1,000 shares of Murphy USA stock in a transaction dated Tuesday, May 27th. The shares were acquired at an average cost of $435.58 per share, for a total transaction of $435,580.00. Following the completion of the transaction, the director directly owned 1,000 shares of the company's stock, valued at $435,580. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 10.12% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
A number of analysts have commented on MUSA shares. Raymond James Financial downgraded Murphy USA from an "outperform" rating to a "market perform" rating in a research report on Friday, May 9th. Wall Street Zen downgraded Murphy USA from a "buy" rating to a "hold" rating in a research report on Friday, May 9th. KeyCorp decreased their target price on Murphy USA from $550.00 to $525.00 and set an "overweight" rating on the stock in a research report on Friday, May 9th. Finally, Stephens decreased their target price on Murphy USA from $530.00 to $475.00 and set an "overweight" rating on the stock in a research report on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $526.29.
Read Our Latest Report on MUSA
About Murphy USA
(
Free Report)
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.
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