Envestnet Portfolio Solutions Inc. Sells 774 Shares of Murphy USA Inc. (NYSE:MUSA)

Envestnet Portfolio Solutions Inc. decreased its stake in shares of Murphy USA Inc. (NYSE:MUSA - Free Report) by 39.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,189 shares of the specialty retailer's stock after selling 774 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Murphy USA were worth $559,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. State of Alaska Department of Revenue raised its position in shares of 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 worth $1,000,000 after purchasing an additional 25 shares during the last quarter. Mountain Pacific Investment Advisers LLC bought a new stake in Murphy USA during the 1st quarter valued at about $6,103,000. Sowell Financial Services LLC purchased a new position in Murphy USA in the first quarter worth about $236,000. Ritholtz Wealth Management lifted its stake in shares of Murphy USA by 10.6% in the first quarter. Ritholtz Wealth Management now owns 1,076 shares of the specialty retailer's stock worth $506,000 after buying an additional 103 shares in the last quarter. Finally, Vista Finance LLC lifted its stake 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 worth $292,000 after buying an additional 41 shares in the last quarter. 80.81% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Murphy USA

In other Murphy USA news, Director David C. Haley bought 1,000 shares of Murphy USA stock in a transaction on Tuesday, May 27th. The stock was acquired at an average cost 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 in the company, valued at approximately $435,580. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 10.12% of the company's stock.

Murphy USA Stock Performance

Shares of MUSA stock traded down $1.70 on Monday, reaching $406.17. The stock had a trading volume of 254,543 shares, compared to its average volume of 226,352. 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 1 year low of $317.94 and a 1 year high of $561.08. The stock has a market cap of $8.03 billion, a P/E ratio of 17.13 and a beta of 0.50. The company has a 50 day simple moving average of $443.69 and a 200 day simple moving average of $469.52.

Murphy USA (NYSE:MUSA - Get Free Report) last announced its earnings results on Wednesday, May 7th. The specialty retailer reported $2.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.87 by ($1.24). The firm had revenue of $4.53 billion during 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 company's revenue for the quarter was down 6.6% on a year-over-year basis. During the same period in the previous year, the business posted $3.12 earnings per share. Equities research analysts expect that Murphy USA Inc. will post 26.45 EPS for the current year.

Murphy USA Increases Dividend

The firm also recently disclosed 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 an increase from Murphy USA's previous quarterly dividend of $0.49. The ex-dividend date was Monday, May 12th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.49%. Murphy USA's dividend payout ratio (DPR) is presently 8.44%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. 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 report on Friday, May 9th. Melius Research upgraded Murphy USA to a "strong-buy" rating in a research note on Tuesday, March 11th. Raymond James Financial cut Murphy USA from an "outperform" rating to a "market perform" rating in a research report on Friday, May 9th. Wall Street Zen downgraded Murphy USA from a "buy" rating to a "hold" rating in a report on Friday, May 9th. Finally, Melius started coverage on Murphy USA in a research report on Tuesday, March 11th. They issued a "buy" rating and a $600.00 target price for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Murphy USA has an average rating of "Moderate Buy" and an average price target of $526.29.

Murphy USA 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.