Corient Private Wealth LP Makes New Investment in Murphy USA Inc. $MUSA

Key Points

• Corient Private Wealth initiated a Murphy USA position by purchasing 2,567 shares valued at approximately $1.38 million. Institutional investors collectively own 80.81% of the company.
• Murphy USA reported quarterly EPS of $11.27, exceeding estimates by $1.32, while revenue rose 36% year over year to $6.81 billion. The company also increased its quarterly dividend to $0.65 per share.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $606.89, compared with the stock’s stated opening price of $521.41.

Corient Private Wealth LP purchased a new position in shares of Murphy USA Inc. (NYSE:MUSA - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,567 shares of the specialty retailer's stock, valued at approximately $1,383,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. NewEdge Advisors LLC grew its stake in Murphy USA by 10.2% during the 1st quarter. NewEdge Advisors LLC now owns 1,685 shares of the specialty retailer's stock worth $792,000 after buying an additional 156 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in Murphy USA by 423.1% in the second quarter. EverSource Wealth Advisors LLC now owns 68 shares of the specialty retailer's stock valued at $28,000 after buying an additional 55 shares during the last quarter. Cresset Asset Management LLC acquired a new stake in Murphy USA in the second quarter worth about $603,000. Cerity Partners LLC acquired a new stake in Murphy USA in the second quarter worth about $596,000. Finally, Qube Research & Technologies Ltd purchased a new stake in shares of Murphy USA during the second quarter worth about $227,000. Hedge funds and other institutional investors own 80.81% of the company's stock.

Insider Buying and Selling

In other news, SVP Eric J. Bartko sold 100 shares of the company's stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $523.60, for a total value of $52,360.00. Following the sale, the senior vice president directly owned 252 shares of the company's stock, valued at $131,947.20. This represents a 28.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Rosemary Turner sold 966 shares of the stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $571.88, for a total transaction of $552,436.08. Following the completion of the sale, the director owned 449 shares in the company, valued at $256,774.12. The trade was a 68.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 9.02% of the company's stock.

Murphy USA Stock Up 0.2%

Murphy USA stock opened at $521.41 on Friday. The business's 50-day simple moving average is $571.65 and its two-hundred day simple moving average is $528.28. The company has a debt-to-equity ratio of 2.77, a quick ratio of 0.54 and a current ratio of 0.92. The company has a market cap of $9.63 billion, a PE ratio of 15.88, a PEG ratio of 1.49 and a beta of 0.25. Murphy USA Inc. has a fifty-two week low of $349.83 and a fifty-two week high of $636.04.

Murphy USA (NYSE:MUSA - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The specialty retailer reported $11.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.95 by $1.32. Murphy USA had a return on equity of 96.01% and a net margin of 2.87%.The firm had revenue of $6.81 billion during the quarter, compared to analysts' expectations of $6.03 billion. During the same period last year, the business posted $7.36 earnings per share. The company's revenue for the quarter was up 36.0% compared to the same quarter last year. Equities analysts anticipate that Murphy USA Inc. will post 34.7 EPS for the current year.

Murphy USA Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Monday, August 24th were issued a $0.65 dividend. This is a boost from Murphy USA's previous quarterly dividend of $0.64. The ex-dividend date was Monday, August 24th. This represents a $2.60 annualized dividend and a yield of 0.5%. Murphy USA's dividend payout ratio is currently 7.92%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on MUSA. Zacks Research downgraded shares of Murphy USA from a "strong-buy" rating to a "hold" rating in a report on Monday, June 22nd. Weiss Ratings cut shares of Murphy USA from a "buy (b)" rating to a "buy (b-)" rating in a research note on Wednesday, August 26th. Capital One Financial started coverage on shares of Murphy USA in a research report on Monday, June 22nd. They set an "overweight" rating and a $710.00 target price on the stock. Bank of America upped their price target on shares of Murphy USA from $600.00 to $625.00 and gave the company a "neutral" rating in a research note on Friday, July 10th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Murphy USA from $655.00 to $633.00 and set an "overweight" rating for the company in a report on Friday, August 7th. Six equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Murphy USA currently has a consensus rating of "Moderate Buy" and a consensus price target of $606.89.

Murphy USA Profile

Murphy USA is a leading downstream marketer of gasoline, diesel and convenience store products in the United States. Headquartered in El Dorado, Arkansas, the company was originally established as part of Murphy Oil Corporation and was spun off as an independent public entity in 2013. Since its separation, Murphy USA has focused on retail fueling services and convenience offerings designed to deliver value and convenience to consumers.

The company's primary operations center on two retail formats.

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