Keybank National Association OH Increases Stock Position in Murphy USA Inc. (NYSE:MUSA)

Keybank National Association OH raised its position in Murphy USA Inc. (NYSE:MUSA - Free Report) by 34.0% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 2,508 shares of the specialty retailer's stock after purchasing an additional 637 shares during the period. Keybank National Association OH's holdings in Murphy USA were worth $1,178,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Vanguard Group Inc. raised its stake in Murphy USA by 3.0% during the fourth quarter. Vanguard Group Inc. now owns 1,864,405 shares of the specialty retailer's stock worth $935,465,000 after purchasing an additional 54,658 shares during the period. FMR LLC grew its position in Murphy USA by 1.9% in the fourth quarter. FMR LLC now owns 1,783,849 shares of the specialty retailer's stock worth $895,046,000 after acquiring an additional 32,643 shares during the period. GAMMA Investing LLC increased its stake in Murphy USA by 53,469.2% during the first quarter. GAMMA Investing LLC now owns 553,906 shares of the specialty retailer's stock worth $260,231,000 after acquiring an additional 552,872 shares during the last quarter. Invesco Ltd. raised its position in Murphy USA by 4.0% in the fourth quarter. Invesco Ltd. now owns 470,602 shares of the specialty retailer's stock valued at $236,125,000 after purchasing an additional 18,097 shares during the period. Finally, Geode Capital Management LLC grew its holdings in shares of Murphy USA by 8.6% during the 4th quarter. Geode Capital Management LLC now owns 421,760 shares of the specialty retailer's stock worth $211,667,000 after purchasing an additional 33,489 shares during the period. Hedge funds and other institutional investors own 80.81% of the company's stock.

Wall Street Analyst Weigh In

MUSA has been the topic of a number of research analyst reports. Wall Street Zen lowered Murphy USA from a "buy" rating to a "hold" rating in a research report on Friday, May 9th. KeyCorp dropped their price objective on shares of Murphy USA from $550.00 to $525.00 and set an "overweight" rating for the company in a report on Friday, May 9th. Raymond James Financial lowered shares of Murphy USA from an "outperform" rating to a "market perform" rating in a report on Friday, May 9th. Melius Research upgraded shares of Murphy USA to a "strong-buy" rating in a research note on Tuesday, March 11th. Finally, Stephens reduced their price objective on Murphy USA from $530.00 to $475.00 and set an "overweight" rating on the stock in a research note on Friday, May 9th. One analyst has rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $526.29.

Murphy USA Stock Down 0.5%

Shares of NYSE:MUSA traded down $2.29 on Monday, hitting $420.73. 21,871 shares of the company's stock were exchanged, compared to its average volume of 284,665. 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 $385.44 and a 1-year high of $561.08. The company has a market capitalization of $8.31 billion, a PE ratio of 17.74 and a beta of 0.48. The firm's 50-day moving average is $437.49 and its 200 day moving average is $466.30.

Murphy USA (NYSE:MUSA - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The specialty retailer reported $2.63 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts' expectations of $4.79 billion. During the same quarter in the prior year, the company earned $3.12 earnings per share. The business's revenue for the quarter was down 6.6% on a year-over-year basis. Sell-side analysts predict that Murphy USA Inc. will post 26.45 EPS for the current year.

Murphy USA Increases Dividend

The business also recently declared 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. This represents a $2.00 annualized dividend and a yield of 0.48%. The ex-dividend date was Monday, May 12th. Murphy USA's dividend payout ratio (DPR) is currently 8.44%.

Insiders Place Their Bets

In other news, Director David C. Haley acquired 1,000 shares of the company's stock in a transaction on Tuesday, May 27th. The shares were 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 in the company, valued at $435,580. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 10.12% of the stock is currently owned by company insiders.

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.