Callan Family Office LLC Has $2.22 Million Stock Position in Murphy USA Inc. $MUSA

Key Points

• Callan Family Office LLC significantly increased its stake in Murphy USA by 91.5% in the second quarter, holding shares worth approximately $2.22 million.
• The company reported earnings of $7.36 per share for the last quarter, surpassing estimates, but experienced a 8.2% decline in quarterly revenue year-over-year.
• Murphy USA has decided to increase its quarterly dividend to $0.53 per share, reflecting a positive change from the previous quarter's dividend.

Callan Family Office LLC increased its stake in Murphy USA Inc. (NYSE:MUSA - Free Report) by 91.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,461 shares of the specialty retailer's stock after acquiring an additional 2,610 shares during the quarter. Callan Family Office LLC's holdings in Murphy USA were worth $2,222,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GW&K Investment Management LLC bought a new stake in Murphy USA in the first quarter worth approximately $27,000. Ameritas Advisory Services LLC bought a new stake in Murphy USA in the second quarter worth approximately $29,000. TCTC Holdings LLC increased its holdings in Murphy USA by 116.7% in the first quarter. TCTC Holdings LLC now owns 65 shares of the specialty retailer's stock worth $31,000 after purchasing an additional 35 shares in the last quarter. Golden State Wealth Management LLC bought a new stake in Murphy USA in the first quarter worth approximately $40,000. Finally, Costello Asset Management INC bought a new stake in Murphy USA in the first quarter worth approximately $47,000. 80.81% of the stock is owned by institutional investors and hedge funds.

Murphy USA Stock Up 2.9%

Shares of NYSE:MUSA opened at $377.78 on Friday. The stock has a market cap of $7.29 billion, a price-to-earnings ratio of 15.64 and a beta of 0.42. The company has a quick ratio of 0.39, a current ratio of 0.80 and a debt-to-equity ratio of 3.20. Murphy USA Inc. has a 12-month low of $345.23 and a 12-month high of $561.08. The business's 50 day moving average is $383.65 and its 200 day moving average is $424.14.

Murphy USA (NYSE:MUSA - Get Free Report) last announced its earnings results on Wednesday, July 30th. The specialty retailer reported $7.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.82 by $0.54. The company had revenue of $5.01 billion for the quarter, compared to analysts' expectations of $5.17 billion. Murphy USA had a return on equity of 64.63% and a net margin of 2.52%.Murphy USA's quarterly revenue was down 8.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $6.92 earnings per share. On average, sell-side analysts forecast that Murphy USA Inc. will post 26.45 earnings per share for the current fiscal year.

Murphy USA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Monday, August 25th were given a dividend of $0.53 per share. The ex-dividend date of this dividend was Monday, August 25th. This is a positive change from Murphy USA's previous quarterly dividend of $0.50. This represents a $2.12 annualized dividend and a dividend yield of 0.6%. Murphy USA's payout ratio is presently 8.78%.

Insider Activity at Murphy USA

In related news, Director Robert Madison Murphy bought 5,000 shares of the business's stock in a transaction that occurred on Tuesday, August 5th. The shares were bought at an average price of $367.01 per share, with a total value of $1,835,050.00. Following the completion of the transaction, the director directly owned 389,172 shares in the company, valued at approximately $142,830,015.72. This represents a 1.30% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Malynda K. West sold 1,859 shares of Murphy USA stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $386.22, for a total value of $717,982.98. Following the transaction, the chief operating officer directly owned 117,389 shares in the company, valued at approximately $45,337,979.58. The trade was a 1.56% decrease in their position. The disclosure for this sale can be found here. 9.04% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. KeyCorp reiterated an "overweight" rating and issued a $480.00 target price on shares of Murphy USA in a report on Friday, September 5th. Weiss Ratings reiterated a "hold (c)" rating on shares of Murphy USA in a report on Wednesday. Zacks Research downgraded Murphy USA from a "hold" rating to a "strong sell" rating in a report on Monday, October 6th. Jefferies Financial Group downgraded Murphy USA from a "buy" rating to a "hold" rating and set a $350.00 target price for the company. in a report on Friday, August 1st. Finally, Wells Fargo & Company lowered their target price on Murphy USA from $520.00 to $440.00 and set an "overweight" rating for the company in a report on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $483.17.

Murphy USA Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.