Murphy USA Inc. (NYSE:MUSA) Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its stake in shares of Murphy USA Inc. (NYSE:MUSA - Free Report) by 6.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 124,417 shares of the specialty retailer's stock after purchasing an additional 7,973 shares during the period. Envestnet Asset Management Inc. owned 0.63% of Murphy USA worth $58,452,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Golden State Wealth Management LLC purchased a new stake in Murphy USA during the first quarter worth approximately $40,000. CX Institutional purchased a new stake in Murphy USA during the first quarter worth approximately $59,000. Johnson Financial Group Inc. purchased a new stake in Murphy USA during the fourth quarter worth approximately $64,000. Farther Finance Advisors LLC grew its stake 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 buying an additional 61 shares during the period. Finally, Fifth Third Bancorp grew 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 buying an additional 32 shares during the period. 80.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director David C. Haley acquired 1,000 shares of Murphy USA stock in a transaction on Tuesday, May 27th. The shares were purchased at an average cost of $435.58 per share, for a total transaction of $435,580.00. Following the purchase, the director directly owned 1,000 shares of the company's stock, valued at $435,580. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 10.12% of the stock is owned by company insiders.

Murphy USA Stock Down 0.3%

Shares of MUSA stock traded down $1.47 on Friday, hitting $425.49. The stock had a trading volume of 336,541 shares, compared to its average volume of 229,856. The firm has a market capitalization of $8.41 billion, a price-to-earnings ratio of 17.95 and a beta of 0.48. The stock's 50 day moving average is $429.92 and its 200-day moving average is $463.10. 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 Inc. has a 52-week low of $385.44 and a 52-week high of $561.08.

Murphy USA (NYSE:MUSA - Get Free Report) last posted 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). 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 for the quarter, compared to the consensus estimate of $4.79 billion. During the same quarter last year, the company earned $3.12 earnings per share. The company's revenue was down 6.6% compared to the same quarter last year. As a group, research analysts expect that Murphy USA Inc. will post 26.45 earnings per share for the current year.

Murphy USA Increases Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on MUSA shares. KeyCorp decreased their price objective on shares of Murphy USA from $550.00 to $525.00 and set an "overweight" rating for the company in a research note on Friday, May 9th. Stephens decreased their price objective on shares of Murphy USA from $530.00 to $475.00 and set an "overweight" rating for the company in a research note on Friday, May 9th. Raymond James Financial downgraded shares of Murphy USA from an "outperform" rating to a "market perform" rating in a research note on Friday, May 9th. Finally, Wall Street Zen downgraded shares of Murphy USA from a "buy" rating to a "hold" rating in a research note on Friday, May 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $526.29.

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.