Murphy USA Inc. (NYSE:MUSA) Shares Purchased by Assetmark Inc.

Assetmark Inc. grew its holdings in Murphy USA Inc. (NYSE:MUSA - Free Report) by 4.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,753 shares of the specialty retailer's stock after purchasing an additional 1,513 shares during the period. Assetmark Inc. owned about 0.18% of Murphy USA worth $18,441,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. boosted its holdings in shares of Murphy USA by 69.9% in the third quarter. JPMorgan Chase & Co. now owns 428,379 shares of the specialty retailer's stock valued at $211,135,000 after purchasing an additional 176,308 shares during the period. Fiera Capital Corp purchased a new stake in shares of Murphy USA in the 3rd quarter worth $53,387,000. FMR LLC grew its position in shares of Murphy USA by 6.0% during the 3rd quarter. FMR LLC now owns 1,751,206 shares of the specialty retailer's stock worth $863,116,000 after buying an additional 99,253 shares in the last quarter. World Investment Advisors LLC purchased a new position in shares of Murphy USA during the third quarter valued at $30,122,000. Finally, Point72 Asset Management L.P. bought a new stake in shares of Murphy USA in the third quarter valued at about $18,971,000. Hedge funds and other institutional investors own 80.81% of the company's stock.

Insider Buying and Selling at Murphy USA

In other Murphy USA news, Director Rosemary Turner sold 797 shares of the company's stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $496.10, for a total transaction of $395,391.70. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CMO Renee M. Bacon sold 2,000 shares of the business's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $469.58, for a total transaction of $939,160.00. Following the sale, the chief marketing officer now directly owns 5,927 shares in the company, valued at $2,783,200.66. This trade represents a 25.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,594 shares of company stock worth $1,695,043. 9.04% of the stock is owned by insiders.

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Analysts Set New Price Targets

Several research analysts have issued reports on the stock. StockNews.com cut shares of Murphy USA from a "buy" rating to a "hold" rating in a report on Saturday, February 15th. Royal Bank of Canada lifted their price objective on shares of Murphy USA from $550.00 to $554.00 and gave the company a "sector perform" rating in a report on Thursday, February 6th. Finally, Wells Fargo & Company lowered their target price on Murphy USA from $555.00 to $550.00 and set an "overweight" rating for the company in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $510.80.

Murphy USA Stock Up 2.6 %

Shares of Murphy USA stock traded up $11.92 on Monday, reaching $467.37. The stock had a trading volume of 335,637 shares, compared to its average volume of 192,580. Murphy USA Inc. has a 1 year low of $382.04 and a 1 year high of $561.08. The company has a 50 day moving average price of $483.94 and a 200 day moving average price of $501.77. 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 stock has a market capitalization of $9.35 billion, a P/E ratio of 19.31 and a beta of 0.80.

Murphy USA (NYSE:MUSA - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The specialty retailer reported $6.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.46 by $0.50. Murphy USA had a net margin of 2.48% and a return on equity of 61.60%. As a group, equities research analysts forecast that Murphy USA Inc. will post 26.45 EPS for the current year.

Murphy USA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, February 24th were given a dividend of $0.49 per share. This is a positive change from Murphy USA's previous quarterly dividend of $0.48. This represents a $1.96 annualized dividend and a yield of 0.42%. The ex-dividend date of this dividend was Monday, February 24th. Murphy USA's dividend payout ratio is currently 8.10%.

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.