Amalgamated Bank Has $4.48 Million Stock Holdings in Murphy USA Inc. (NYSE:MUSA)

Amalgamated Bank trimmed its position in Murphy USA Inc. (NYSE:MUSA - Free Report) by 24.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,087 shares of the specialty retailer's stock after selling 2,968 shares during the quarter. Amalgamated Bank's holdings in Murphy USA were worth $4,479,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Mather Group LLC. grew its stake in shares of Murphy USA by 141.4% in the second quarter. Mather Group LLC. now owns 70 shares of the specialty retailer's stock valued at $33,000 after buying an additional 41 shares in the last quarter. V Square Quantitative Management LLC grew its stake in Murphy USA by 40.4% during the 3rd quarter. V Square Quantitative Management LLC now owns 73 shares of the specialty retailer's stock valued at $36,000 after purchasing an additional 21 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in Murphy USA by 777.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 79 shares of the specialty retailer's stock valued at $33,000 after purchasing an additional 70 shares in the last quarter. Key Financial Inc grew its stake in Murphy USA by 942.9% during the 3rd quarter. Key Financial Inc now owns 146 shares of the specialty retailer's stock valued at $72,000 after purchasing an additional 132 shares in the last quarter. Finally, EntryPoint Capital LLC acquired a new stake in Murphy USA during the 1st quarter valued at approximately $69,000. 80.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Murphy USA

In other Murphy USA news, Director James W. Keyes sold 2,000 shares of Murphy USA stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $511.54, for a total transaction of $1,023,080.00. Following the sale, the director now owns 16,114 shares of the company's stock, valued at $8,242,955.56. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 9.04% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Wells Fargo & Company raised their price objective on Murphy USA from $540.00 to $560.00 and gave the company an "overweight" rating in a research note on Friday, August 2nd. JPMorgan Chase & Co. lowered Murphy USA from a "neutral" rating to an "underweight" rating and raised their price objective for the company from $415.00 to $435.00 in a research note on Thursday, September 19th. StockNews.com downgraded Murphy USA from a "buy" rating to a "hold" rating in a report on Saturday, October 26th. Raymond James increased their target price on Murphy USA from $530.00 to $545.00 and gave the stock an "outperform" rating in a report on Friday, August 2nd. Finally, Royal Bank of Canada reduced their target price on Murphy USA from $538.00 to $537.00 and set a "sector perform" rating on the stock in a report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $495.33.

Murphy USA Stock Performance

Shares of NYSE MUSA traded up $9.95 during mid-day trading on Friday, hitting $518.24. The company had a trading volume of 162,320 shares, compared to its average volume of 152,396. The stock has a market cap of $10.49 billion, a price-to-earnings ratio of 21.39 and a beta of 0.75. Murphy USA Inc. has a 12 month low of $350.55 and a 12 month high of $552.30. The company has a debt-to-equity ratio of 2.19, a current ratio of 0.80 and a quick ratio of 0.41. The firm's 50 day simple moving average is $495.54 and its two-hundred day simple moving average is $478.14.

Murphy USA (NYSE:MUSA - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The specialty retailer reported $7.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.64 by $0.56. The business had revenue of $5.24 billion for the quarter, compared to the consensus estimate of $5.54 billion. Murphy USA had a return on equity of 62.73% and a net margin of 2.48%. The business's revenue was down 9.6% on a year-over-year basis. During the same quarter last year, the business posted $7.69 EPS. As a group, equities research analysts forecast that Murphy USA Inc. will post 23.61 earnings per share for the current year.

Murphy USA Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 4th will be paid a dividend of $0.48 per share. The ex-dividend date is Monday, November 4th. This represents a $1.92 annualized dividend and a yield of 0.37%. This is an increase from Murphy USA's previous quarterly dividend of $0.45. Murphy USA's payout ratio is presently 7.92%.

Murphy USA Company 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.