Mutual of America Capital Management LLC Buys 907 Shares of Murphy USA Inc. $MUSA

Key Points

• Mutual of America Capital Management LLC increased its stake in Murphy USA Inc. by 2.7% during the 2nd quarter, owning 34,898 shares worth approximately $14.2 million.
• Murphy USA reported $7.36 earnings per share (EPS), beating estimates, although revenue was down 8.2% year-over-year.
• The company recently increased its quarterly dividend to $0.53, representing an annualized yield of 0.5%, a positive change from the previous dividend of $0.50.

Mutual of America Capital Management LLC grew its stake in Murphy USA Inc. (NYSE:MUSA - Free Report) by 2.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 34,898 shares of the specialty retailer's stock after acquiring an additional 907 shares during the quarter. Mutual of America Capital Management LLC owned 0.18% of Murphy USA worth $14,197,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GW&K Investment Management LLC bought a new position in shares of Murphy USA during the first quarter valued at $27,000. TCTC Holdings LLC increased its position in Murphy USA by 116.7% during the first quarter. TCTC Holdings LLC now owns 65 shares of the specialty retailer's stock valued at $31,000 after acquiring an additional 35 shares during the last quarter. Ameritas Advisory Services LLC purchased a new stake in Murphy USA during the second quarter valued at $29,000. Golden State Wealth Management LLC purchased a new stake in Murphy USA during the first quarter valued at $40,000. Finally, Costello Asset Management INC purchased a new stake in Murphy USA during the first quarter valued at $47,000. 80.81% of the stock is owned by institutional investors.

Insider Activity at Murphy USA

In other news, COO Malynda K. West sold 1,859 shares of the firm's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $386.22, for a total value of $717,982.98. Following the completion of the sale, the chief operating officer directly owned 117,389 shares of the company's stock, valued at $45,337,979.58. This trade represents a 1.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert Madison Murphy acquired 5,000 shares of the stock in a transaction dated Tuesday, August 5th. The stock was bought at an average cost of $367.01 per share, with a total value of $1,835,050.00. Following the completion of the purchase, the director directly owned 389,172 shares in the company, valued at approximately $142,830,015.72. The trade was a 1.30% increase in their ownership of the stock. The disclosure for this purchase can be found here. 9.04% of the stock is owned by company insiders.

Murphy USA Price Performance

NYSE:MUSA opened at $388.42 on Friday. The firm has a market capitalization of $7.49 billion, a price-to-earnings ratio of 16.08 and a beta of 0.42. Murphy USA Inc. has a 1 year low of $345.23 and a 1 year high of $561.08. The business has a 50 day simple moving average of $384.77 and a 200-day simple moving average of $421.04. The company has a debt-to-equity ratio of 3.20, a current ratio of 0.80 and a quick ratio of 0.39.

Murphy USA (NYSE:MUSA - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The specialty retailer reported $7.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.82 by $0.54. The business had revenue of $5.01 billion during the quarter, compared to analyst estimates of $5.17 billion. Murphy USA had a return on equity of 64.63% and a net margin of 2.52%.The company's revenue for the quarter was down 8.2% on a year-over-year basis. During the same period last year, the company earned $6.92 EPS. Equities analysts forecast that Murphy USA Inc. will post 26.45 EPS for the current year.

Murphy USA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Monday, August 25th were paid a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, August 25th. This is a positive change from Murphy USA's previous quarterly dividend of $0.50. Murphy USA's dividend payout ratio is 8.78%.

Analysts Set New Price Targets

MUSA has been the subject of a number of research reports. Weiss Ratings reiterated a "hold (c)" rating on shares of Murphy USA in a research report on Wednesday, October 8th. Zacks Research cut Murphy USA from a "hold" rating to a "strong sell" rating in a research report on Monday, October 6th. KeyCorp restated an "overweight" rating and issued a $480.00 price target on shares of Murphy USA in a research report on Friday, September 5th. Jefferies Financial Group cut Murphy USA from a "buy" rating to a "hold" rating and set a $350.00 price target for the company. in a research report on Friday, August 1st. Finally, Wells Fargo & Company began coverage on Murphy USA in a research report on Wednesday. They issued an "equal weight" rating and a $405.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $477.33.

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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