Barclays PLC grew its position in shares of Murphy USA Inc. (NYSE:MUSA - Free Report) by 46.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,890 shares of the specialty retailer's stock after acquiring an additional 3,135 shares during the quarter. Barclays PLC's holdings in Murphy USA were worth $4,874,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of MUSA. Larson Financial Group LLC boosted its stake in Murphy USA by 5.4% during the 3rd quarter. Larson Financial Group LLC now owns 391 shares of the specialty retailer's stock valued at $193,000 after purchasing an additional 20 shares during the period. V Square Quantitative Management LLC increased its position in Murphy USA by 40.4% in the 3rd quarter. V Square Quantitative Management LLC now owns 73 shares of the specialty retailer's stock valued at $36,000 after acquiring an additional 21 shares during the period. International Assets Investment Management LLC raised its stake in Murphy USA by 3.8% during the 2nd quarter. International Assets Investment Management LLC now owns 784 shares of the specialty retailer's stock valued at $368,000 after acquiring an additional 29 shares in the last quarter. CIBC Asset Management Inc boosted its position in Murphy USA by 5.6% during the 2nd quarter. CIBC Asset Management Inc now owns 580 shares of the specialty retailer's stock worth $272,000 after acquiring an additional 31 shares during the period. Finally, Fisher Asset Management LLC grew its stake in shares of Murphy USA by 7.3% in the third quarter. Fisher Asset Management LLC now owns 547 shares of the specialty retailer's stock worth $270,000 after purchasing an additional 37 shares in the last quarter. Institutional investors and hedge funds own 80.81% of the company's stock.
Murphy USA Price Performance
Shares of NYSE:MUSA traded down $5.70 during trading hours on Friday, hitting $519.99. 465,242 shares of the company's stock traded hands, compared to its average volume of 193,984. The company has a debt-to-equity ratio of 2.19, a quick ratio of 0.41 and a current ratio of 0.80. The company's fifty day simple moving average is $516.54 and its two-hundred day simple moving average is $501.42. Murphy USA Inc. has a 52 week low of $350.55 and a 52 week high of $561.08. The company has a market cap of $10.53 billion, a price-to-earnings ratio of 21.45 and a beta of 0.78.
Murphy USA (NYSE:MUSA - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The specialty retailer reported $7.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.64 by $0.56. The company had revenue of $5.24 billion for the quarter, compared to analysts' expectations of $5.54 billion. Murphy USA had a return on equity of 62.73% and a net margin of 2.48%. The firm's revenue was down 9.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $7.69 earnings per share. As a group, equities analysts anticipate that Murphy USA Inc. will post 23.59 EPS for the current fiscal year.
Murphy USA Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 4th were paid a $0.48 dividend. The ex-dividend date was Monday, November 4th. This represents a $1.92 dividend on an annualized basis and a yield of 0.37%. This is a boost from Murphy USA's previous quarterly dividend of $0.45. Murphy USA's dividend payout ratio (DPR) is currently 7.92%.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. downgraded shares of Murphy USA from a "neutral" rating to an "underweight" rating and upped their price objective for the stock from $415.00 to $435.00 in a report on Thursday, September 19th. StockNews.com raised shares of Murphy USA from a "hold" rating to a "buy" rating in a research note on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Murphy USA presently has a consensus rating of "Moderate Buy" and an average target price of $495.33.
Check Out Our Latest Analysis on MUSA
Murphy USA Profile
(
Free Report)
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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