FMR LLC raised its position in Murphy USA Inc. (NYSE:MUSA - Free Report) by 6.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,751,206 shares of the specialty retailer's stock after purchasing an additional 99,253 shares during the quarter. FMR LLC owned 8.65% of Murphy USA worth $863,116,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in MUSA. Fisher Asset Management LLC raised its holdings in shares of Murphy USA by 7.3% in the 3rd quarter. Fisher Asset Management LLC now owns 547 shares of the specialty retailer's stock valued at $270,000 after buying an additional 37 shares during the period. Alpha DNA Investment Management LLC grew its position in Murphy USA by 14.5% in the 3rd quarter. Alpha DNA Investment Management LLC now owns 1,162 shares of the specialty retailer's stock valued at $573,000 after acquiring an additional 147 shares in the last quarter. Larson Financial Group LLC grew its position in Murphy USA by 5.4% in the 3rd quarter. Larson Financial Group LLC now owns 391 shares of the specialty retailer's stock valued at $193,000 after acquiring an additional 20 shares in the last quarter. Cerity Partners LLC increased its stake in Murphy USA by 81.9% during the third quarter. Cerity Partners LLC now owns 1,437 shares of the specialty retailer's stock worth $708,000 after purchasing an additional 647 shares during the period. Finally, Icon Wealth Advisors LLC lifted its position in shares of Murphy USA by 1,465.2% during the third quarter. Icon Wealth Advisors LLC now owns 3,600 shares of the specialty retailer's stock worth $1,774,000 after purchasing an additional 3,370 shares in the last quarter. 80.81% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on MUSA. Royal Bank of Canada cut their target price on shares of Murphy USA from $538.00 to $537.00 and set a "sector perform" rating on the stock in a research note on Thursday, August 1st. Raymond James increased their price objective on Murphy USA from $530.00 to $545.00 and gave the company an "outperform" rating in a research note on Friday, August 2nd. JPMorgan Chase & Co. lowered Murphy USA from a "neutral" rating to an "underweight" rating and lifted their target price for the company from $415.00 to $435.00 in a report on Thursday, September 19th. StockNews.com downgraded Murphy USA from a "buy" rating to a "hold" rating in a report on Saturday, October 26th. Finally, Wells Fargo & Company lifted their price objective on Murphy USA from $540.00 to $560.00 and gave the company an "overweight" rating in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $495.33.
Check Out Our Latest Analysis on Murphy USA
Murphy USA Stock Down 0.4 %
NYSE:MUSA traded down $2.09 during trading hours on Thursday, hitting $553.39. The company's stock had a trading volume of 126,837 shares, compared to its average volume of 195,639. 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 stock has a market capitalization of $11.21 billion, a P/E ratio of 22.84 and a beta of 0.75. The stock has a fifty day moving average of $499.27 and a 200-day moving average of $489.54.
Murphy USA (NYSE:MUSA - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The specialty retailer reported $7.20 EPS for the quarter, beating analysts' consensus estimates of $6.64 by $0.56. The business had revenue of $5.24 billion for the quarter, compared to the consensus estimate of $5.54 billion. Murphy USA had a return on equity of 62.73% and a net margin of 2.48%. The business's revenue for the quarter was down 9.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $7.69 EPS. On average, equities analysts forecast that Murphy USA Inc. will post 23.59 earnings per share for the current year.
Murphy USA Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 4th will be issued 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 is Monday, November 4th. This represents a $1.92 annualized dividend and a dividend yield of 0.35%. Murphy USA's dividend payout ratio is presently 7.92%.
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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