Allspring Global Investments Holdings LLC cut its holdings in shares of Murphy USA Inc. (NYSE:MUSA - Free Report) by 47.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 40,120 shares of the specialty retailer's stock after selling 35,817 shares during the period. Allspring Global Investments Holdings LLC owned 0.20% of Murphy USA worth $19,806,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently added to or reduced their stakes in the company. Stifel Financial Corp increased its stake in Murphy USA by 22.2% during the 3rd 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. Oak Thistle LLC bought a new position in shares of Murphy USA during the 4th quarter worth approximately $1,207,000. Assenagon Asset Management S.A. bought a new position in shares of Murphy USA during the 4th quarter worth approximately $11,529,000. Assetmark Inc. grew its stake in shares of Murphy USA by 6.1% during the 3rd quarter. Assetmark Inc. now owns 35,240 shares of the specialty retailer's stock worth $17,369,000 after acquiring an additional 2,028 shares in the last quarter. Finally, CWA Asset Management Group LLC bought a new position in shares of Murphy USA during the 3rd quarter worth approximately $1,573,000. 80.81% of the stock is currently owned by institutional investors and hedge funds.
Murphy USA Price Performance
MUSA stock traded down $5.28 during midday trading on Wednesday, reaching $478.63. The company had a trading volume of 137,167 shares, compared to its average volume of 209,452. The company has a market capitalization of $9.69 billion, a price-to-earnings ratio of 19.78 and a beta of 0.79. The stock has a 50 day moving average price of $499.51 and a 200-day moving average price of $505.76. Murphy USA Inc. has a 1-year low of $382.04 and a 1-year high of $561.08. The company has a debt-to-equity ratio of 2.18, a current ratio of 0.79 and a quick ratio of 0.37.
Murphy USA (NYSE:MUSA - Get Free Report) last released its earnings results on Wednesday, February 5th. The specialty retailer reported $6.96 earnings per share (EPS) 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%. Equities research analysts expect that Murphy USA Inc. will post 26.45 earnings per share for the current year.
Murphy USA Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th will be issued a dividend of $0.49 per share. This is a boost from Murphy USA's previous quarterly dividend of $0.48. This represents a $1.96 annualized dividend and a dividend yield of 0.41%. The ex-dividend date of this dividend is Monday, February 24th. Murphy USA's payout ratio is 7.93%.
Insider Activity at Murphy USA
In other Murphy USA news, Director Rosemary Turner sold 797 shares of the business's stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $496.10, for a total value of $395,391.70. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 9.73% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on MUSA shares. StockNews.com cut shares of Murphy USA from a "buy" rating to a "hold" rating in a research note on Saturday. 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. Finally, Royal Bank of Canada raised their price target on Murphy USA from $550.00 to $554.00 and gave the company a "sector perform" rating in a report on Thursday, February 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $510.80.
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About Murphy USA
(
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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