Assetmark Inc. Purchases 2,028 Shares of Murphy USA Inc. (NYSE:MUSA)

Assetmark Inc. boosted its position in Murphy USA Inc. (NYSE:MUSA - Free Report) by 6.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 35,240 shares of the specialty retailer's stock after buying an additional 2,028 shares during the quarter. Assetmark Inc. owned approximately 0.17% of Murphy USA worth $17,369,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Janney Montgomery Scott LLC bought a new stake in Murphy USA during the 1st quarter worth about $476,000. Envestnet Portfolio Solutions Inc. boosted its position in Murphy USA by 19.0% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 1,277 shares of the specialty retailer's stock valued at $535,000 after purchasing an additional 204 shares during the last quarter. SG Americas Securities LLC bought a new position in Murphy USA in the first quarter valued at approximately $2,539,000. Atomi Financial Group Inc. acquired a new position in shares of Murphy USA during the 1st quarter worth approximately $208,000. Finally, Sei Investments Co. raised its stake in shares of Murphy USA by 21.2% during the 1st quarter. Sei Investments Co. now owns 16,673 shares of the specialty retailer's stock worth $6,991,000 after purchasing an additional 2,911 shares in the last quarter. Institutional investors own 80.81% of the company's stock.

Analyst Ratings Changes

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

Murphy USA Stock Performance

Murphy USA stock traded up $7.29 during trading hours on Monday, hitting $525.53. The company had a trading volume of 114,649 shares, compared to its average volume of 197,786. The firm has a 50-day moving average of $495.54 and a 200 day moving average of $478.97. 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 has a market cap of $10.64 billion, a PE ratio of 21.65 and a beta of 0.75. Murphy USA Inc. has a one year low of $350.55 and a one year high of $552.30.

Murphy USA (NYSE:MUSA - Get Free Report) last announced its earnings results on Wednesday, October 30th. The specialty retailer reported $7.20 earnings per share for the quarter, topping analysts' consensus estimates of $6.64 by $0.56. The company had revenue of $5.24 billion for the quarter, compared to analyst estimates of $5.54 billion. Murphy USA had a return on equity of 62.73% and a net margin of 2.48%. The firm's quarterly revenue was down 9.6% compared to the same quarter last year. During the same quarter last year, the company earned $7.69 earnings per share. On average, sell-side analysts expect that Murphy USA Inc. will post 23.61 earnings per share for the current year.

Murphy USA Increases Dividend

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

Insider Activity at Murphy USA

In other news, Director James W. Keyes sold 2,000 shares of the company's stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $511.54, for a total transaction of $1,023,080.00. Following the completion of the sale, the director now owns 16,114 shares of the company's stock, valued at approximately $8,242,955.56. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 9.04% of the stock is currently owned by corporate insiders.

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.