Bridgewater Associates LP trimmed its position in shares of Murphy USA Inc. (NYSE:MUSA - Free Report) by 38.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,958 shares of the specialty retailer's stock after selling 4,946 shares during the period. Bridgewater Associates LP's holdings in Murphy USA were worth $3,922,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. FMR LLC raised its position in shares of Murphy USA by 6.0% during the 3rd quarter. FMR LLC now owns 1,751,206 shares of the specialty retailer's stock valued at $863,116,000 after purchasing an additional 99,253 shares during the period. International Assets Investment Management LLC raised its position in shares of Murphy USA by 49,501.3% during the 3rd quarter. International Assets Investment Management LLC now owns 388,874 shares of the specialty retailer's stock valued at $191,664,000 after purchasing an additional 388,090 shares during the period. Bank of New York Mellon Corp raised its position in shares of Murphy USA by 0.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 204,363 shares of the specialty retailer's stock valued at $95,940,000 after purchasing an additional 1,560 shares during the period. AQR Capital Management LLC raised its position in shares of Murphy USA by 1.2% during the 2nd quarter. AQR Capital Management LLC now owns 141,637 shares of the specialty retailer's stock valued at $66,493,000 after purchasing an additional 1,635 shares during the period. Finally, Fiera Capital Corp bought a new stake in Murphy USA in the 3rd quarter valued at $53,387,000. 80.81% of the stock is currently owned by institutional investors.
Murphy USA Price Performance
Shares of NYSE:MUSA traded down $5.59 on Friday, reaching $547.80. The company's stock had a trading volume of 120,417 shares, compared to its average volume of 195,314. Murphy USA Inc. has a 52-week low of $350.55 and a 52-week high of $561.08. The company has a market cap of $11.09 billion, a P/E ratio of 22.65 and a beta of 0.75. The company has a 50-day simple moving average of $501.52 and a 200 day simple moving average of $490.76. The company has a debt-to-equity ratio of 2.19, a quick ratio of 0.41 and a current ratio of 0.80.
Murphy USA (NYSE:MUSA - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The specialty retailer reported $7.20 EPS for the quarter, topping 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 business had revenue of $5.24 billion during the quarter, compared to analysts' expectations of $5.54 billion. During the same period last year, the company posted $7.69 EPS. The business's revenue was down 9.6% on a year-over-year basis. As a group, equities research analysts anticipate that Murphy USA Inc. will post 23.59 EPS for the current fiscal year.
Murphy USA Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 4th will be paid a dividend of $0.48 per share. The ex-dividend date is Monday, November 4th. This is a boost from Murphy USA's previous quarterly dividend of $0.45. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.35%. Murphy USA's payout ratio is currently 7.92%.
Analyst Upgrades and Downgrades
A number of analysts have issued reports on MUSA shares. JPMorgan Chase & Co. downgraded shares of Murphy USA from a "neutral" rating to an "underweight" rating and lifted their price target for the company from $415.00 to $435.00 in a report on Thursday, September 19th. StockNews.com downgraded shares of Murphy USA from a "buy" rating to a "hold" rating in a report on Saturday, October 26th. Wells Fargo & Company lifted their price target on shares of Murphy USA from $540.00 to $560.00 and gave the company an "overweight" rating in a report on Friday, August 2nd. Finally, Raymond James lifted their price target on shares of Murphy USA from $530.00 to $545.00 and gave the company an "outperform" rating in a report on Friday, August 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $495.33.
Check Out Our Latest Report on MUSA
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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