Murphy USA Inc. (NYSE:MUSA) Stock Position Decreased by Rhumbline Advisers

Rhumbline Advisers reduced its holdings in Murphy USA Inc. (NYSE:MUSA - Free Report) by 3.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 52,351 shares of the specialty retailer's stock after selling 1,969 shares during the quarter. Rhumbline Advisers owned approximately 0.26% of Murphy USA worth $24,595,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in MUSA. V Square Quantitative Management LLC increased its stake in Murphy USA by 37.0% in the fourth quarter. V Square Quantitative Management LLC now owns 100 shares of the specialty retailer's stock valued at $50,000 after purchasing an additional 27 shares during the last quarter. Johnson Financial Group Inc. purchased a new stake in Murphy USA during the fourth quarter valued at about $64,000. SBI Securities Co. Ltd. purchased a new stake in Murphy USA during the fourth quarter valued at about $67,000. Spire Wealth Management grew its position in Murphy USA by 34.0% during the fourth quarter. Spire Wealth Management now owns 268 shares of the specialty retailer's stock valued at $134,000 after acquiring an additional 68 shares during the period. Finally, Jones Financial Companies Lllp grew its position in Murphy USA by 144.2% during the fourth quarter. Jones Financial Companies Lllp now owns 293 shares of the specialty retailer's stock valued at $147,000 after acquiring an additional 173 shares during the period. 80.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Murphy USA

In related news, Director David C. Haley purchased 1,000 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The shares were acquired at an average price of $435.58 per share, with a total value of $435,580.00. Following the acquisition, the director now owns 1,000 shares in the company, valued at approximately $435,580. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 9.04% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

MUSA has been the subject of a number of research reports. Raymond James downgraded Murphy USA from an "outperform" rating to a "market perform" 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. Melius Research raised Murphy USA to a "strong-buy" rating in a research report on Tuesday, March 11th. Stephens decreased their target price 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 decreased their target price 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 assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $526.29.

Murphy USA Stock Up 1.1%

MUSA traded up $4.82 on Friday, reaching $424.80. The company's stock had a trading volume of 198,423 shares, compared to its average volume of 216,422. The stock has a market cap of $8.39 billion, a price-to-earnings ratio of 17.55 and a beta of 0.50. Murphy USA Inc. has a 1 year low of $414.51 and a 1 year high of $561.08. The company has a debt-to-equity ratio of 2.18, a current ratio of 0.79 and a quick ratio of 0.37. The business's 50 day moving average is $469.43 and its 200 day moving average is $485.37.

Murphy USA (NYSE:MUSA - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The specialty retailer reported $2.63 EPS for the quarter, missing analysts' consensus estimates of $3.87 by ($1.24). The business had revenue of $4.53 billion during the quarter, compared to analysts' expectations of $4.79 billion. Murphy USA had a net margin of 2.48% and a return on equity of 61.60%. The company's revenue for the quarter was down 6.6% on a year-over-year basis. During the same period in the prior year, the company posted $3.12 EPS. As a group, research analysts forecast that Murphy USA Inc. will post 26.45 EPS for the current fiscal year.

Murphy USA Increases Dividend

The company 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. The ex-dividend date was Monday, May 12th. This represents a $2.00 annualized dividend and a yield of 0.47%. This is a boost from Murphy USA's previous quarterly dividend of $0.49. Murphy USA's dividend payout ratio is presently 8.44%.

About Murphy USA

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.