New York State Teachers Retirement System lowered its position in Murphy USA Inc. (NYSE:MUSA - Free Report) by 3.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 22,130 shares of the specialty retailer's stock after selling 900 shares during the period. New York State Teachers Retirement System owned 0.11% of Murphy USA worth $11,104,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently modified their holdings of MUSA. V Square Quantitative Management LLC boosted its position 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 valued at $36,000 after purchasing an additional 21 shares in the last quarter. Brown Lisle Cummings Inc. bought a new position in shares of Murphy USA during the 4th quarter worth approximately $50,000. Fortitude Family Office LLC boosted its holdings in shares of Murphy USA by 186.1% during the 4th quarter. Fortitude Family Office LLC now owns 103 shares of the specialty retailer's stock worth $52,000 after buying an additional 67 shares in the last quarter. R Squared Ltd acquired a new stake in shares of Murphy USA during the 4th quarter worth approximately $55,000. Finally, Versant Capital Management Inc increased its stake in shares of Murphy USA by 348.4% in the 4th quarter. Versant Capital Management Inc now owns 139 shares of the specialty retailer's stock valued at $70,000 after acquiring an additional 108 shares in the last quarter. 80.81% of the stock is owned by institutional investors.
Insider Buying and Selling
In related news, Director Rosemary Turner sold 797 shares of the business's stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $496.10, for a total transaction of $395,391.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 9.04% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
MUSA has been the topic of several research analyst reports. StockNews.com lowered shares of Murphy USA from a "buy" rating to a "hold" rating in a research note on Saturday, February 15th. Wells Fargo & Company cut their price objective on shares of Murphy USA from $555.00 to $550.00 and set an "overweight" rating on the stock in a research report on Friday, February 7th. Finally, Royal Bank of Canada raised their target price on Murphy USA from $550.00 to $554.00 and gave the company a "sector perform" rating in a research note on Thursday, February 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $510.80.
Get Our Latest Stock Report on Murphy USA
Murphy USA Stock Down 3.4 %
MUSA traded down $15.61 during trading on Friday, hitting $445.19. 447,872 shares of the company's stock were exchanged, compared to its average volume of 216,905. Murphy USA Inc. has a fifty-two week low of $382.04 and a fifty-two week high of $561.08. The stock has a market cap of $9.02 billion, a P/E ratio of 18.40 and a beta of 0.79. The business's 50 day moving average is $495.66 and its two-hundred day moving average is $505.01. The company has a quick ratio of 0.37, a current ratio of 0.79 and a debt-to-equity ratio of 2.18.
Murphy USA (NYSE:MUSA - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The specialty retailer reported $6.96 earnings per share 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%. As a group, equities 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 announced a quarterly dividend, which will be paid on Wednesday, March 5th. Investors of record on Monday, February 24th will be given a dividend of $0.49 per share. This is a boost from Murphy USA's previous quarterly dividend of $0.48. The ex-dividend date is Monday, February 24th. This represents a $1.96 annualized dividend and a dividend yield of 0.44%. Murphy USA's payout ratio is presently 7.93%.
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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