Envestnet Asset Management Inc. Raises Stock Position in Murphy USA Inc. (NYSE:MUSA)

Envestnet Asset Management Inc. boosted its position in Murphy USA Inc. (NYSE:MUSA - Free Report) by 6.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 124,417 shares of the specialty retailer's stock after purchasing an additional 7,973 shares during the quarter. Envestnet Asset Management Inc. owned about 0.63% of Murphy USA worth $58,452,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Zacks Investment Management raised its stake in shares of Murphy USA by 0.3% in the fourth quarter. Zacks Investment Management now owns 8,938 shares of the specialty retailer's stock valued at $4,485,000 after acquiring an additional 25 shares during the period. State of Alaska Department of Revenue raised its holdings in Murphy USA by 1.2% in the 1st quarter. State of Alaska Department of Revenue now owns 2,130 shares of the specialty retailer's stock valued at $1,000,000 after buying an additional 25 shares during the period. Fifth Third Bancorp increased its stake 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 purchasing an additional 32 shares during the period. NDVR Inc. increased its stake in shares of Murphy USA by 4.8% during the fourth quarter. NDVR Inc. now owns 715 shares of the specialty retailer's stock worth $359,000 after buying an additional 33 shares during the period. Finally, Vista Finance LLC boosted its holdings in shares of Murphy USA by 7.1% in the first quarter. Vista Finance LLC now owns 621 shares of the specialty retailer's stock valued at $292,000 after acquiring an additional 41 shares during the period. Institutional investors own 80.81% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on MUSA shares. Wall Street Zen cut shares of Murphy USA from a "buy" rating to a "hold" rating in a research note on Friday, May 9th. Raymond James Financial cut Murphy USA from an "outperform" rating to a "market perform" rating in a report on Friday, May 9th. KeyCorp cut their target price on Murphy USA from $550.00 to $525.00 and set an "overweight" rating on the stock in a 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 for the company in a research report on Friday, May 9th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $526.29.

Insider Activity

In other Murphy USA news, Director David C. Haley acquired 1,000 shares of the business's stock in a transaction dated Tuesday, May 27th. The stock was bought at an average price of $435.58 per share, with a total value of $435,580.00. Following the completion of the acquisition, the director owned 1,000 shares of the company's stock, valued at $435,580. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 9.04% of the stock is currently owned by corporate insiders.

Murphy USA Trading Down 1.6%

Shares of NYSE:MUSA traded down $7.06 during mid-day trading on Tuesday, hitting $426.64. The stock had a trading volume of 321,260 shares, compared to its average volume of 230,885. The company's 50 day moving average is $429.92 and its 200-day moving average is $463.10. Murphy USA Inc. has a 12-month low of $385.44 and a 12-month high of $561.08. The company has a market cap of $8.43 billion, a PE ratio of 17.99 and a beta of 0.48. The company has a debt-to-equity ratio of 2.74, a quick ratio of 0.39 and a current ratio of 0.80.

Murphy USA (NYSE:MUSA - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The specialty retailer reported $2.63 earnings per share for the quarter, missing the consensus estimate of $3.87 by ($1.24). The firm had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $4.79 billion. Murphy USA had a return on equity of 61.19% and a net margin of 2.46%. The firm's revenue was down 6.6% compared to the same quarter last year. During the same period in the previous year, the business earned $3.12 EPS. On average, sell-side analysts predict that Murphy USA Inc. will post 26.45 EPS for the current year.

Murphy USA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 12th were issued a $0.50 dividend. This is a boost from Murphy USA's previous quarterly dividend of $0.49. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date was Monday, May 12th. Murphy USA's dividend payout ratio (DPR) is currently 8.44%.

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.