Edgestream Partners L.P. Raises Stake in Murphy USA Inc. (NYSE:MUSA)

Edgestream Partners L.P. boosted its holdings in shares of Murphy USA Inc. (NYSE:MUSA - Free Report) by 94.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 15,761 shares of the specialty retailer's stock after purchasing an additional 7,669 shares during the period. Edgestream Partners L.P. owned approximately 0.08% of Murphy USA worth $7,405,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Proficio Capital Partners LLC purchased a new stake in shares of Murphy USA in the fourth quarter valued at about $5,042,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Murphy USA by 11.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,812 shares of the specialty retailer's stock valued at $2,414,000 after acquiring an additional 480 shares in the last quarter. Independent Advisor Alliance purchased a new stake in shares of Murphy USA in the fourth quarter valued at about $234,000. Sequoia Financial Advisors LLC purchased a new stake in shares of Murphy USA in the fourth quarter valued at about $234,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Murphy USA by 17.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 348 shares of the specialty retailer's stock valued at $175,000 after acquiring an additional 51 shares in the last quarter. 80.81% of the stock is owned by hedge funds and other institutional investors.

Murphy USA Stock Down 0.3%

MUSA stock opened at $425.49 on Monday. The company has a market cap of $8.41 billion, a P/E ratio of 17.95 and a beta of 0.48. Murphy USA Inc. has a 52 week low of $385.44 and a 52 week high of $561.08. The company's 50-day moving average price is $429.92 and its 200 day moving average price is $463.10. 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 (NYSE:MUSA - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The specialty retailer reported $2.63 EPS for the quarter, missing analysts' consensus estimates of $3.87 by ($1.24). The company had revenue of $4.53 billion for the quarter, compared to analysts' expectations of $4.79 billion. Murphy USA had a return on equity of 61.19% and a net margin of 2.46%. The firm's quarterly revenue was down 6.6% on a year-over-year basis. During the same period in the prior year, the firm posted $3.12 EPS. On average, research analysts expect that Murphy USA Inc. will post 26.45 earnings per share for the current fiscal year.

Murphy USA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 12th were given a dividend of $0.50 per share. The ex-dividend date was Monday, May 12th. This represents a $2.00 dividend on an annualized basis and a yield of 0.47%. This is a boost from Murphy USA's previous quarterly dividend of $0.49. Murphy USA's payout ratio is presently 8.44%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on MUSA. Wall Street Zen downgraded shares of Murphy USA from a "buy" rating to a "hold" rating in a report on Friday, May 9th. KeyCorp lowered their target price on shares of Murphy USA from $550.00 to $525.00 and set an "overweight" rating on the stock in a report on Friday, May 9th. Stephens lowered their target price on shares of Murphy USA from $530.00 to $475.00 and set an "overweight" rating on the stock in a report on Friday, May 9th. Finally, Raymond James Financial downgraded shares of Murphy USA from an "outperform" rating to a "market perform" rating in a report on Friday, May 9th. One analyst has rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Murphy USA has a consensus rating of "Moderate Buy" and an average target price of $526.29.

Insider Transactions at Murphy USA

In other Murphy USA news, Director David C. Haley bought 1,000 shares of the business's stock in a transaction on Tuesday, May 27th. The stock was bought at an average price of $435.58 per share, for a total transaction of $435,580.00. Following the completion of the transaction, the director owned 1,000 shares in the company, valued at approximately $435,580. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 9.04% of the company's stock.

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.

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