Envestnet Asset Management Inc. Has $58.43 Million Position in Murphy USA Inc. (NYSE:MUSA)

Envestnet Asset Management Inc. boosted its stake in shares of Murphy USA Inc. (NYSE:MUSA - Free Report) by 3.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 116,444 shares of the specialty retailer's stock after acquiring an additional 3,944 shares during the quarter. Envestnet Asset Management Inc. owned 0.58% of Murphy USA worth $58,426,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Captrust Financial Advisors bought a new position in shares of Murphy USA in the third quarter valued at approximately $204,000. Integrated Wealth Concepts LLC acquired a new stake in Murphy USA during the 3rd quarter valued at $222,000. Quantinno Capital Management LP raised its position in Murphy USA by 35.3% in the 3rd quarter. Quantinno Capital Management LP now owns 863 shares of the specialty retailer's stock valued at $425,000 after purchasing an additional 225 shares during the last quarter. Stifel Financial Corp boosted its stake in Murphy USA by 22.2% in the third quarter. Stifel Financial Corp now owns 8,385 shares of the specialty retailer's stock worth $4,133,000 after purchasing an additional 1,526 shares in the last quarter. Finally, State Street Corp grew its holdings in shares of Murphy USA by 1.5% during the third quarter. State Street Corp now owns 590,558 shares of the specialty retailer's stock worth $291,068,000 after purchasing an additional 8,507 shares during the last quarter. 80.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on MUSA shares. StockNews.com raised Murphy USA from a "hold" rating to a "buy" rating in a report on Thursday, April 10th. Wells Fargo & Company dropped their target price on shares of Murphy USA from $555.00 to $550.00 and set an "overweight" rating for the company in a research note on Friday, February 7th. KeyCorp assumed coverage on shares of Murphy USA in a research report on Friday. They set an "overweight" rating and a $550.00 target price on the stock. Melius assumed coverage on shares of Murphy USA in a report on Tuesday, March 11th. They issued a "buy" rating and a $600.00 price target for the company. Finally, Melius Research raised Murphy USA to a "strong-buy" rating in a report on Tuesday, March 11th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $539.00.

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Murphy USA Trading Down 0.7 %

MUSA stock traded down $3.58 during midday trading on Tuesday, reaching $516.70. The company's stock had a trading volume of 49,237 shares, compared to its average volume of 204,447. The business's 50-day simple moving average is $468.17 and its 200-day simple moving average is $492.61. The company has a quick ratio of 0.37, a current ratio of 0.79 and a debt-to-equity ratio of 2.18. Murphy USA Inc. has a 52 week low of $382.04 and a 52 week high of $561.08. The stock has a market cap of $10.23 billion, a PE ratio of 21.35 and a beta of 0.73.

Murphy USA (NYSE:MUSA - Get Free Report) last posted 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 return on equity of 61.60% and a net margin of 2.48%. As a group, sell-side analysts expect that Murphy USA Inc. will post 26.45 EPS for the current year.

Murphy USA Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders 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 dividend yield of 0.38%. The ex-dividend date of this dividend was Monday, February 24th. Murphy USA's payout ratio is presently 8.10%.

Insider Activity

In other Murphy USA news, Director Jeanne Linder Phillips sold 797 shares of Murphy USA stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $452.31, for a total transaction of $360,491.07. Following the transaction, the director now directly owns 2,349 shares in the company, valued at approximately $1,062,476.19. The trade was a 25.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CMO Renee M. Bacon sold 2,000 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $469.58, for a total value of $939,160.00. Following the completion of the transaction, the chief marketing officer now directly owns 5,927 shares of the company's stock, valued at approximately $2,783,200.66. The trade was a 25.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,594 shares of company stock valued at $1,695,043 in the last ninety days. 9.04% of the stock is owned by insiders.

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.