Wellington Management Group LLP Buys 755 Shares of Murphy USA Inc. (NYSE:MUSA)

Wellington Management Group LLP grew its stake in shares of Murphy USA Inc. (NYSE:MUSA - Free Report) by 9.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,539 shares of the specialty retailer's stock after buying an additional 755 shares during the period. Wellington Management Group LLP's holdings in Murphy USA were worth $4,284,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Brown Lisle Cummings Inc. bought a new stake in Murphy USA during the fourth quarter valued at about $50,000. V Square Quantitative Management LLC grew its position in shares of Murphy USA by 37.0% during the fourth quarter. V Square Quantitative Management LLC now owns 100 shares of the specialty retailer's stock worth $50,000 after purchasing an additional 27 shares in the last quarter. Fortitude Family Office LLC raised its stake in Murphy USA by 186.1% during the 4th quarter. Fortitude Family Office LLC now owns 103 shares of the specialty retailer's stock valued at $52,000 after purchasing an additional 67 shares during the period. R Squared Ltd purchased a new position in Murphy USA in the 4th quarter worth approximately $55,000. Finally, SBI Securities Co. Ltd. bought a new position in Murphy USA in the 4th quarter worth approximately $67,000. 80.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

MUSA has been the topic of several research analyst reports. Wells Fargo & Company lowered their target price on shares of Murphy USA from $555.00 to $550.00 and set an "overweight" rating on the stock in a report on Friday, February 7th. Royal Bank of Canada boosted their price target on shares of Murphy USA from $550.00 to $554.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 6th. Melius began coverage on Murphy USA in a research report on Tuesday, March 11th. They set a "buy" rating and a $600.00 price objective for the company. StockNews.com raised Murphy USA from a "hold" rating to a "buy" rating in a report on Thursday, April 10th. Finally, Stephens raised Murphy USA to a "strong-buy" rating in a research note on Monday, April 7th. One analyst has rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $539.00.

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Insider Buying and Selling at Murphy USA

In other Murphy USA news, Director Rosemary Turner sold 797 shares of the business's stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $496.10, for a total transaction of $395,391.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Renee M. Bacon sold 2,000 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $469.58, for a total value of $939,160.00. Following the transaction, the chief marketing officer now directly owns 5,927 shares in the company, valued at approximately $2,783,200.66. This represents a 25.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,594 shares of company stock worth $1,695,043 over the last quarter. Insiders own 9.04% of the company's stock.

Murphy USA Trading Down 1.5 %

MUSA traded down $7.90 on Tuesday, hitting $512.37. The company had a trading volume of 243,063 shares, compared to its average volume of 205,181. The business's fifty day simple moving average is $468.17 and its 200 day simple moving average is $492.61. 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 Inc. has a 12-month low of $382.04 and a 12-month high of $561.08. The company has a market cap of $10.14 billion, a PE ratio of 21.17 and a beta of 0.73.

Murphy USA (NYSE:MUSA - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The specialty retailer reported $6.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.46 by $0.50. Murphy USA had a return on equity of 61.60% and a net margin of 2.48%. Equities research analysts expect that Murphy USA Inc. will post 26.45 EPS for the current year.

Murphy USA Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Monday, February 24th were paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 0.38%. This is a positive change from Murphy USA's previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Monday, February 24th. Murphy USA's payout ratio is presently 8.10%.

Murphy USA 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.