Envestnet Portfolio Solutions Inc. Cuts Stock Holdings in Murphy USA Inc. (NYSE:MUSA)

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

Other large investors also recently bought and sold shares of the company. State of Alaska Department of Revenue boosted its stake in Murphy USA by 1.2% during the first quarter. State of Alaska Department of Revenue now owns 2,130 shares of the specialty retailer's stock worth $1,000,000 after buying an additional 25 shares during the period. Mountain Pacific Investment Advisers LLC purchased a new position in Murphy USA during the first quarter worth about $6,103,000. Sowell Financial Services LLC purchased a new position in Murphy USA during the first quarter worth about $236,000. Ritholtz Wealth Management boosted its stake in Murphy USA by 10.6% during 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 during the period. Finally, Vista Finance LLC boosted its stake in Murphy USA by 7.1% during 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 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 the firm's stock in a transaction dated Tuesday, May 27th. The stock was acquired at an average cost of $435.58 per share, for a total transaction of $435,580.00. Following the completion of the acquisition, the director now directly owns 1,000 shares of the company's stock, valued at approximately $435,580. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 9.04% of the stock is owned by company insiders.

Murphy USA Stock Down 0.2%

Shares of Murphy USA stock opened at $405.36 on Friday. The company has a fifty day moving average price of $447.61 and a 200 day moving average price of $472.51. 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 Inc. has a twelve month low of $385.44 and a twelve month high of $561.08. The stock has a market cap of $8.01 billion, a price-to-earnings ratio of 17.10 and a beta of 0.50.

Murphy USA (NYSE:MUSA - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The specialty retailer reported $2.63 earnings per share for the quarter, missing analysts' consensus estimates 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 net margin of 2.46% and a return on equity of 61.19%. The business's quarterly revenue was down 6.6% on a year-over-year basis. During the same period in the previous year, the company earned $3.12 earnings per share. Equities research analysts forecast that Murphy USA Inc. will post 26.45 earnings per share for the current fiscal 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 paid a dividend of $0.50 per share. This is a positive change from Murphy USA's previous quarterly dividend of $0.49. The ex-dividend date of this dividend was Monday, May 12th. This represents a $2.00 annualized dividend and a yield of 0.49%. Murphy USA's dividend payout ratio is 8.44%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on MUSA shares. Raymond James Financial lowered Murphy USA from an "outperform" rating to a "market perform" rating in a research report on Friday, May 9th. Wall Street Zen lowered Murphy USA from a "buy" rating to a "hold" rating in a research report on Friday, May 9th. Melius started coverage on Murphy USA in a research report on Tuesday, March 11th. They set a "buy" rating and a $600.00 price target for the company. Stephens lowered their price target 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. Finally, KeyCorp lowered their price target on Murphy USA from $550.00 to $525.00 and set an "overweight" rating for the company in a research report on Friday, May 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price 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.

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