Bancreek Capital Management LP Has $8.19 Million Position in Murphy USA Inc. (NYSE:MUSA)

Bancreek Capital Management LP grew its stake in Murphy USA Inc. (NYSE:MUSA - Free Report) by 32.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,617 shares of the specialty retailer's stock after acquiring an additional 4,077 shares during the period. Murphy USA accounts for about 5.2% of Bancreek Capital Management LP's investment portfolio, making the stock its 11th biggest position. Bancreek Capital Management LP owned approximately 0.08% of Murphy USA worth $8,190,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Transactions at Murphy USA

In related news, Director James W. Keyes sold 2,000 shares of the firm's stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $511.54, for a total value of $1,023,080.00. Following the completion of the transaction, the director now owns 16,114 shares of the company's stock, valued at approximately $8,242,955.56. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 9.04% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

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

Murphy USA Stock Down 0.1 %

Shares of NYSE:MUSA traded down $0.32 during midday trading on Wednesday, reaching $528.89. 52,586 shares of the company were exchanged, compared to its average volume of 197,234. The firm has a market cap of $10.71 billion, a PE ratio of 21.71 and a beta of 0.75. The company has a quick ratio of 0.41, a current ratio of 0.80 and a debt-to-equity ratio of 2.19. Murphy USA Inc. has a fifty-two week low of $350.55 and a fifty-two week high of $552.30. The stock has a fifty day simple moving average of $496.02 and a two-hundred day simple moving average of $480.46.

Murphy USA (NYSE:MUSA - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The specialty retailer reported $7.20 earnings per share for the quarter, topping the consensus estimate of $6.64 by $0.56. Murphy USA had a return on equity of 62.73% and a net margin of 2.48%. The company had revenue of $5.24 billion during the quarter, compared to analysts' expectations of $5.54 billion. During the same period in the prior year, the firm earned $7.69 earnings per share. Murphy USA's revenue for the quarter was down 9.6% compared to the same quarter last year. As a group, sell-side 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 disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 4th will be issued a $0.48 dividend. The ex-dividend date is Monday, November 4th. This is an increase from Murphy USA's previous quarterly dividend of $0.45. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.36%. Murphy USA's dividend payout ratio (DPR) is 7.92%.

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.