State Street Corp Has $291.07 Million Holdings in Murphy USA Inc. (NYSE:MUSA)

State Street Corp grew its stake in Murphy USA Inc. (NYSE:MUSA - Free Report) by 1.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 590,558 shares of the specialty retailer's stock after buying an additional 8,507 shares during the quarter. State Street Corp owned 2.92% of Murphy USA worth $291,068,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. V Square Quantitative Management LLC boosted its position in 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 during the last quarter. Key Financial Inc boosted its holdings in Murphy USA by 942.9% during the third quarter. Key Financial Inc now owns 146 shares of the specialty retailer's stock worth $72,000 after purchasing an additional 132 shares during the last quarter. GHP Investment Advisors Inc. boosted its holdings in Murphy USA by 82.1% during the second quarter. GHP Investment Advisors Inc. now owns 173 shares of the specialty retailer's stock worth $81,000 after purchasing an additional 78 shares during the last quarter. First Horizon Advisors Inc. increased its stake in Murphy USA by 25.6% in the 2nd quarter. First Horizon Advisors Inc. now owns 201 shares of the specialty retailer's stock valued at $94,000 after buying an additional 41 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in Murphy USA by 135.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 186 shares of the specialty retailer's stock worth $94,000 after buying an additional 107 shares in the last quarter. Institutional investors own 80.81% of the company's stock.

Murphy USA Stock Performance

Shares of MUSA traded up $6.59 during mid-day trading on Wednesday, reaching $546.60. The company's stock had a trading volume of 68,551 shares, compared to its average volume of 192,940. Murphy USA Inc. has a 1-year low of $350.55 and a 1-year high of $561.08. The stock has a market cap of $11.07 billion, a P/E ratio of 22.30 and a beta of 0.78. The business has a 50-day simple moving average of $507.85 and a two-hundred day simple moving average of $496.33. The company has a current ratio of 0.80, a quick ratio of 0.41 and a debt-to-equity ratio of 2.19.

Murphy USA (NYSE:MUSA - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The specialty retailer reported $7.20 earnings per share for the quarter, beating the consensus estimate of $6.64 by $0.56. Murphy USA had a net margin of 2.48% and a return on equity of 62.73%. The firm had revenue of $5.24 billion for the quarter, compared to analysts' expectations of $5.54 billion. During the same period in the prior year, the firm earned $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 earnings per share for the current fiscal year.

Murphy USA Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 4th were paid a $0.48 dividend. The ex-dividend date of this dividend was Monday, November 4th. This is an increase from Murphy USA's previous quarterly dividend of $0.45. This represents a $1.92 annualized dividend and a yield of 0.35%. Murphy USA's payout ratio is 7.92%.

Wall Street Analyst Weigh In

Several brokerages recently commented on MUSA. JPMorgan Chase & Co. cut 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 research report on Thursday, September 19th. StockNews.com downgraded Murphy USA from a "buy" rating to a "hold" rating in a report on Saturday, October 26th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus 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.