RPg Family Wealth Advisory LLC Has $7.72 Million Stock Position in Murphy USA Inc. (NYSE:MUSA)

RPg Family Wealth Advisory LLC lifted its holdings in Murphy USA Inc. (NYSE:MUSA - Free Report) by 6.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 15,377 shares of the specialty retailer's stock after buying an additional 978 shares during the quarter. Murphy USA makes up 2.7% of RPg Family Wealth Advisory LLC's portfolio, making the stock its 11th biggest position. RPg Family Wealth Advisory LLC owned approximately 0.08% of Murphy USA worth $7,715,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. JPMorgan Chase & Co. grew its stake in Murphy USA by 69.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 428,379 shares of the specialty retailer's stock worth $211,135,000 after buying an additional 176,308 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Murphy USA during the fourth quarter worth about $53,777,000. FMR LLC increased its holdings in shares of Murphy USA by 6.0% in the 3rd quarter. FMR LLC now owns 1,751,206 shares of the specialty retailer's stock worth $863,116,000 after acquiring an additional 99,253 shares during the period. World Investment Advisors LLC bought a new stake in Murphy USA in the 3rd quarter valued at about $30,122,000. Finally, Point72 Asset Management L.P. acquired a new position in Murphy USA during the 3rd quarter valued at about $18,971,000. 80.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Murphy USA

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

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Wall Street Analyst Weigh In

Several brokerages have commented on MUSA. Royal Bank of Canada raised their price target on shares of Murphy USA from $550.00 to $554.00 and gave the company a "sector perform" rating in a research note on Thursday, February 6th. Melius assumed coverage on Murphy USA in a research note on Tuesday, March 11th. They set a "buy" rating and a $600.00 target price on the stock. Melius Research raised Murphy USA to a "strong-buy" rating in a research note on Tuesday, March 11th. StockNews.com upgraded shares of Murphy USA from a "hold" rating to a "buy" rating in a research note on Thursday, March 13th. Finally, Wells Fargo & Company decreased 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 report on Friday, February 7th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Murphy USA has a consensus rating of "Moderate Buy" and a consensus price target of $525.67.

Murphy USA Price Performance

NYSE:MUSA traded down $6.15 during mid-day trading on Tuesday, reaching $434.72. 190,599 shares of the stock were exchanged, compared to its average volume of 193,683. The company has a current ratio of 0.79, a quick ratio of 0.37 and a debt-to-equity ratio of 2.18. The firm has a market capitalization of $8.70 billion, a PE ratio of 17.96 and a beta of 0.80. The business has a fifty day moving average price of $478.57 and a 200 day moving average price of $499.33. Murphy USA Inc. has a 1-year low of $382.04 and a 1-year high of $561.08.

Murphy USA (NYSE:MUSA - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The specialty retailer reported $6.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.46 by $0.50. Murphy USA had a net margin of 2.48% and a return on equity of 61.60%. Research analysts expect that Murphy USA Inc. will post 26.45 earnings per share for the current fiscal year.

Murphy USA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th were paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 0.45%. The ex-dividend date was Monday, February 24th. This is an increase from Murphy USA's previous quarterly dividend of $0.48. Murphy USA's dividend payout ratio is 8.10%.

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.