Geode Capital Management LLC Has $191.41 Million Holdings in Murphy USA Inc. (NYSE:MUSA)

Geode Capital Management LLC raised its stake in Murphy USA Inc. (NYSE:MUSA - Free Report) by 4.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 388,271 shares of the specialty retailer's stock after buying an additional 16,006 shares during the period. Geode Capital Management LLC owned about 1.92% of Murphy USA worth $191,407,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in MUSA. Barclays PLC increased its stake in Murphy USA by 46.4% during the 3rd quarter. Barclays PLC now owns 9,890 shares of the specialty retailer's stock valued at $4,874,000 after purchasing an additional 3,135 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of Murphy USA by 37.6% in the third quarter. Public Employees Retirement System of Ohio now owns 12,532 shares of the specialty retailer's stock worth $6,177,000 after purchasing an additional 3,423 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of Murphy USA during the third quarter worth about $1,307,000. Orion Portfolio Solutions LLC increased its holdings in Murphy USA by 622.9% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 4,048 shares of the specialty retailer's stock worth $1,995,000 after buying an additional 3,488 shares during the period. Finally, World Investment Advisors LLC acquired a new stake in shares of Murphy USA in the third quarter worth $30,122,000. 80.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MUSA has been the topic of a number of research reports. JPMorgan Chase & Co. lowered shares of Murphy USA from a "neutral" rating to an "underweight" rating and raised their target price for the stock from $415.00 to $435.00 in a research note on Thursday, September 19th. StockNews.com raised Murphy USA from a "hold" rating to a "buy" rating in a research note on Wednesday, December 11th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $495.33.

Murphy USA Trading Down 0.6 %

MUSA traded down $3.48 during midday trading on Monday, hitting $547.42. The company's stock had a trading volume of 175,602 shares, compared to its average volume of 192,776. The firm has a market cap of $11.08 billion, a P/E ratio of 22.73 and a beta of 0.78. Murphy USA Inc. has a 52-week low of $350.55 and a 52-week high of $561.08. The company has a current ratio of 0.80, a quick ratio of 0.41 and a debt-to-equity ratio of 2.19. The firm has a 50-day moving average price of $511.90 and a two-hundred day moving average price of $498.60.

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, beating analysts' consensus estimates of $6.64 by $0.56. Murphy USA had a net margin of 2.48% and a return on equity of 62.73%. 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 company posted $7.69 EPS. The firm's revenue for the quarter was down 9.6% on a year-over-year basis. On average, research analysts anticipate that Murphy USA Inc. will post 23.59 earnings per share for the current year.

Murphy USA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 4th were given a $0.48 dividend. This is a boost from Murphy USA's previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Monday, November 4th. This represents a $1.92 annualized dividend and a yield of 0.35%. Murphy USA's dividend payout ratio is 7.92%.

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.