Murphy USA Inc. (NYSE:MUSA) is Horrell Capital Management Inc.'s 4th Largest Position

Horrell Capital Management Inc. trimmed its holdings in Murphy USA Inc. (NYSE:MUSA - Free Report) by 10.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,581 shares of the specialty retailer's stock after selling 2,980 shares during the quarter. Murphy USA makes up approximately 3.9% of Horrell Capital Management Inc.'s holdings, making the stock its 4th biggest position. Horrell Capital Management Inc. owned 0.13% of Murphy USA worth $13,101,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. EverSource Wealth Advisors LLC raised its holdings in shares of Murphy USA by 777.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 79 shares of the specialty retailer's stock worth $33,000 after acquiring an additional 70 shares in the last quarter. Mather Group LLC. raised its holdings in shares of Murphy USA by 141.4% during the 2nd quarter. Mather Group LLC. now owns 70 shares of the specialty retailer's stock worth $33,000 after acquiring an additional 41 shares in the last quarter. V Square Quantitative Management LLC raised 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 acquiring an additional 21 shares in the last quarter. EntryPoint Capital LLC purchased a new stake in shares of Murphy USA during the 1st quarter worth approximately $69,000. Finally, GHP Investment Advisors Inc. raised its holdings in shares of Murphy USA by 82.1% during the 2nd quarter. GHP Investment Advisors Inc. now owns 173 shares of the specialty retailer's stock worth $81,000 after acquiring an additional 78 shares in the last quarter. 80.81% of the stock is currently owned by institutional investors.

Insider Transactions at Murphy USA

In other news, Director James W. Keyes sold 2,000 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $511.54, for a total transaction of $1,023,080.00. Following the transaction, the director now owns 16,114 shares of the company's stock, valued at approximately $8,242,955.56. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Robert Madison Murphy sold 13,454 shares of the firm's stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $514.38, for a total transaction of $6,920,468.52. Following the sale, the director now owns 382,930 shares of the company's stock, valued at $196,971,533.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director James W. Keyes sold 2,000 shares of the firm's stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $511.54, for a total value of $1,023,080.00. Following the sale, the director now directly owns 16,114 shares in the company, valued at approximately $8,242,955.56. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,209 shares of company stock valued at $16,564,666. 9.73% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

MUSA has been the topic of several recent research reports. JPMorgan Chase & Co. lowered Murphy USA from a "neutral" rating to an "underweight" rating and increased their price target for the company from $415.00 to $435.00 in a report on Thursday, September 19th. Raymond James increased their price target on Murphy USA from $530.00 to $545.00 and gave the company an "outperform" rating in a report on Friday, August 2nd. StockNews.com lowered Murphy USA from a "buy" rating to a "hold" rating in a report on Saturday. Royal Bank of Canada decreased their price target 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. Finally, Wells Fargo & Company increased their price target on Murphy USA from $540.00 to $560.00 and gave the company an "overweight" rating in a report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Murphy USA has an average rating of "Hold" and a consensus price target of $495.33.

Murphy USA Trading Down 1.1 %

Murphy USA stock traded down $5.33 during mid-day trading on Tuesday, hitting $477.22. The company's stock had a trading volume of 144,190 shares, compared to its average volume of 198,161. The company has a 50 day moving average of $499.27 and a 200-day moving average of $474.20. The stock has a market cap of $9.78 billion, a PE ratio of 19.30 and a beta of 0.77. The company has a debt-to-equity ratio of 2.20, a quick ratio of 0.52 and a current ratio of 0.84. Murphy USA Inc. has a one year low of $350.55 and a one year high of $552.30.

Murphy USA (NYSE:MUSA - Get Free Report) last announced its quarterly earnings data on Wednesday, July 31st. The specialty retailer reported $6.92 EPS for the quarter, beating the consensus estimate of $6.91 by $0.01. The company had revenue of $5.45 billion for the quarter, compared to the consensus estimate of $5.69 billion. Murphy USA had a return on equity of 64.73% and a net margin of 2.50%. Murphy USA's quarterly revenue was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $6.02 EPS. On average, research analysts anticipate that Murphy USA Inc. will post 23.98 EPS for the current year.

Murphy USA Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.40%. Murphy USA's dividend payout ratio is presently 7.28%.

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.