Twinbeech Capital LP Has $13.08 Million Position in Murphy USA Inc. (NYSE:MUSA)

Twinbeech Capital LP reduced its position in shares of Murphy USA Inc. (NYSE:MUSA - Free Report) by 37.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,066 shares of the specialty retailer's stock after selling 15,932 shares during the period. Twinbeech Capital LP owned approximately 0.13% of Murphy USA worth $13,079,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Murphy USA by 3.0% during the 4th quarter. Vanguard Group Inc. now owns 1,864,405 shares of the specialty retailer's stock worth $935,465,000 after acquiring an additional 54,658 shares during the period. FMR LLC increased its stake in Murphy USA by 1.9% during the 4th 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. Invesco Ltd. increased its stake in Murphy USA by 4.0% during the 4th quarter. Invesco Ltd. now owns 470,602 shares of the specialty retailer's stock worth $236,125,000 after acquiring an additional 18,097 shares during the period. JPMorgan Chase & Co. increased its stake in Murphy USA by 69.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 428,379 shares of the specialty retailer's stock worth $211,135,000 after acquiring an additional 176,308 shares during the period. Finally, Geode Capital Management LLC increased its stake in 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 acquiring an additional 33,489 shares during the period. 80.81% of the stock is owned by institutional investors and hedge funds.

Murphy USA Stock Performance

MUSA stock opened at $458.76 on Tuesday. The firm has a market cap of $9.07 billion, a PE ratio of 18.96 and a beta of 0.59. The company has a quick ratio of 0.37, a current ratio of 0.79 and a debt-to-equity ratio of 2.18. The business has a 50 day moving average of $474.51 and a 200-day moving average of $493.01. Murphy USA Inc. has a 12-month low of $424.03 and a 12-month high of $561.08.

Murphy USA (NYSE:MUSA - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The specialty retailer reported $2.63 earnings per share for the quarter, missing the consensus estimate of $3.87 by ($1.24). Murphy USA had a net margin of 2.48% and a return on equity of 61.60%. The firm had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $4.79 billion. During the same period last year, the company posted $3.12 earnings per share. Murphy USA's revenue for the quarter was down 6.6% on a year-over-year basis. As a group, sell-side analysts expect that Murphy USA Inc. will post 26.45 earnings per share for the current year.

Murphy USA Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 12th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.44%. This is a positive change from Murphy USA's previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Monday, May 12th. Murphy USA's dividend payout ratio is 8.44%.

Insider Buying and Selling at Murphy USA

In other news, CMO Renee M. Bacon sold 2,000 shares of the firm's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $469.58, for a total value of $939,160.00. Following the completion of the transaction, the chief marketing officer now directly owns 5,927 shares of the company's stock, valued at $2,783,200.66. This trade represents a 25.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jeanne Linder Phillips sold 797 shares of the firm's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $452.31, for a total value of $360,491.07. Following the completion of the transaction, the director now directly owns 2,349 shares of the company's stock, valued at $1,062,476.19. The trade was a 25.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. 9.04% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Wells Fargo & Company decreased their price target on Murphy USA from $555.00 to $550.00 and set an "overweight" rating on the stock in a research note on Friday, February 7th. Melius assumed coverage on Murphy USA in a research note on Tuesday, March 11th. They issued a "buy" rating and a $600.00 price target on the stock. StockNews.com lowered Murphy USA from a "buy" rating to a "hold" rating in a research note on Friday, May 9th. Melius Research upgraded Murphy USA to a "strong-buy" rating in a research note on Tuesday, March 11th. Finally, Raymond James lowered Murphy USA from an "outperform" rating to a "market perform" rating in a research note on Friday, May 9th. One 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. Based on data from MarketBeat.com, Murphy USA currently has a consensus rating of "Moderate Buy" and a consensus target price of $526.29.

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.

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