Invesco Ltd. Has $236.13 Million Holdings in Murphy USA Inc. (NYSE:MUSA)

Invesco Ltd. boosted its stake in shares of Murphy USA Inc. (NYSE:MUSA - Free Report) by 4.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 470,602 shares of the specialty retailer's stock after acquiring an additional 18,097 shares during the quarter. Invesco Ltd. owned 2.32% of Murphy USA worth $236,125,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Brown Lisle Cummings Inc. acquired a new stake in shares of Murphy USA during the 4th quarter worth about $50,000. V Square Quantitative Management LLC grew its stake in Murphy USA by 37.0% during the fourth quarter. V Square Quantitative Management LLC now owns 100 shares of the specialty retailer's stock worth $50,000 after buying an additional 27 shares during the last quarter. Fortitude Family Office LLC increased its holdings in shares of Murphy USA by 186.1% during the fourth quarter. Fortitude Family Office LLC now owns 103 shares of the specialty retailer's stock worth $52,000 after buying an additional 67 shares in the last quarter. R Squared Ltd bought a new position in shares of Murphy USA in the fourth quarter valued at approximately $55,000. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Murphy USA in the 4th quarter worth approximately $67,000. 80.81% of the stock is owned by institutional investors.

Murphy USA Trading Down 1.5 %

Shares of MUSA traded down $7.90 on Tuesday, reaching $512.37. 243,063 shares of the company's stock were exchanged, compared to its average volume of 205,181. The business has a 50 day moving average price of $468.42 and a two-hundred day moving average price of $492.75. Murphy USA Inc. has a 12 month low of $382.04 and a 12 month high of $561.08. The stock has a market capitalization of $10.14 billion, a P/E ratio of 21.17 and a beta of 0.73. The company has a current ratio of 0.79, a quick ratio of 0.37 and a debt-to-equity ratio of 2.18.

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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 for the quarter, beating analysts' consensus estimates of $6.46 by $0.50. Murphy USA had a return on equity of 61.60% and a net margin of 2.48%. Research analysts anticipate that Murphy USA Inc. will post 26.45 earnings per share 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 was Monday, February 24th. Murphy USA's payout ratio is presently 8.10%.

Insider Activity

In other news, Director Jeanne Linder Phillips sold 797 shares of Murphy USA stock in a transaction on Wednesday, March 5th. The shares were 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 of the company's stock, valued at $1,062,476.19. This trade represents a 25.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CMO Renee M. Bacon sold 2,000 shares of the company's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $469.58, for a total transaction of $939,160.00. Following the completion of the sale, the chief marketing officer now owns 5,927 shares of the company's stock, valued at approximately $2,783,200.66. This represents a 25.23 % decrease in their position. 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.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on MUSA shares. Melius assumed coverage on Murphy USA in a research report on Tuesday, March 11th. They issued a "buy" rating and a $600.00 price objective for the company. Wells Fargo & Company cut their price target on Murphy USA from $555.00 to $550.00 and set an "overweight" rating for the company in a report on Friday, February 7th. Royal Bank of Canada increased their price objective on shares of Murphy USA from $550.00 to $554.00 and gave the stock a "sector perform" rating in a report on Thursday, February 6th. KeyCorp began coverage on shares of Murphy USA in a research note on Friday. They issued an "overweight" rating and a $550.00 target price for the company. Finally, Melius Research raised shares of Murphy USA to a "strong-buy" rating in a research note on Tuesday, March 11th. One analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, Murphy USA currently has a consensus rating of "Buy" and an average price target of $539.00.

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.