Harvest Fund Management Co. Ltd Has $244,000 Stock Holdings in Murphy USA Inc. (NYSE:MUSA)

Harvest Fund Management Co. Ltd decreased its position in shares of Murphy USA Inc. (NYSE:MUSA - Free Report) by 68.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 496 shares of the specialty retailer's stock after selling 1,065 shares during the period. Harvest Fund Management Co. Ltd's holdings in Murphy USA were worth $244,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Larson Financial Group LLC increased its position in Murphy USA by 5.4% during the third quarter. Larson Financial Group LLC now owns 391 shares of the specialty retailer's stock worth $193,000 after acquiring an additional 20 shares during the period. V Square Quantitative Management LLC increased its holdings in shares of Murphy USA by 40.4% during the 3rd quarter. V Square Quantitative Management LLC now owns 73 shares of the specialty retailer's stock worth $36,000 after purchasing an additional 21 shares during the period. International Assets Investment Management LLC raised its position in shares of Murphy USA by 3.8% during the second quarter. International Assets Investment Management LLC now owns 784 shares of the specialty retailer's stock valued at $368,000 after buying an additional 29 shares during the last quarter. CIBC Asset Management Inc lifted its stake in shares of Murphy USA by 5.6% in the second quarter. CIBC Asset Management Inc now owns 580 shares of the specialty retailer's stock valued at $272,000 after buying an additional 31 shares during the period. Finally, Fisher Asset Management LLC increased its stake in Murphy USA by 7.3% during the third quarter. Fisher Asset Management LLC now owns 547 shares of the specialty retailer's stock valued at $270,000 after acquiring an additional 37 shares during the period. 80.81% of the stock is currently owned by institutional investors.

Murphy USA Price Performance

NYSE:MUSA traded down $2.09 on Wednesday, reaching $553.39. The stock had a trading volume of 126,769 shares, compared to its average volume of 195,639. The company has a market capitalization of $11.21 billion, a P/E ratio of 22.87 and a beta of 0.75. The stock has a fifty day moving average price of $498.51 and a 200-day moving average price of $489.08. The company has a quick ratio of 0.41, a current ratio of 0.80 and a debt-to-equity ratio of 2.19. Murphy USA Inc. has a 1-year low of $350.55 and a 1-year high of $561.08.

Murphy USA (NYSE:MUSA - Get Free Report) last released its quarterly earnings results 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 return on equity of 62.73% and a net margin of 2.48%. The business had revenue of $5.24 billion for the quarter, compared to analyst estimates of $5.54 billion. During the same period in the prior year, the company earned $7.69 EPS. Murphy USA's revenue for the quarter was down 9.6% on a year-over-year basis. Research analysts forecast that Murphy USA Inc. will post 23.59 EPS for the current year.

Murphy USA Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 4th will be given a dividend of $0.48 per share. This is an increase 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 yield of 0.35%. Murphy USA's dividend payout ratio is 7.92%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Royal Bank of Canada decreased their price objective on Murphy USA from $538.00 to $537.00 and set a "sector perform" rating on the stock in a report on Thursday, August 1st. Wells Fargo & Company boosted 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. Raymond James raised their price objective on shares of Murphy USA from $530.00 to $545.00 and gave the stock an "outperform" rating in a report on Friday, August 2nd. JPMorgan Chase & Co. lowered shares of Murphy USA from a "neutral" rating to an "underweight" rating and increased their price target for the stock from $415.00 to $435.00 in a research report on Thursday, September 19th. Finally, StockNews.com cut shares of Murphy USA from a "buy" rating to a "hold" rating in a research note on Saturday, October 26th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $495.33.

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.