Murphy USA Inc. $MUSA Shares Purchased by Texas Permanent School Fund Corp
by Sarita Garza · The Markets DailyTexas Permanent School Fund Corp boosted its position in Murphy USA Inc. (NYSE:MUSA – Free Report) by 48.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,443 shares of the specialty retailer’s stock after buying an additional 7,339 shares during the period. Texas Permanent School Fund Corp owned approximately 0.12% of Murphy USA worth $9,130,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently bought and sold shares of MUSA. Vista Finance LLC boosted its holdings in shares of Murphy USA by 4.0% in the 2nd quarter. Vista Finance LLC now owns 646 shares of the specialty retailer’s stock valued at $263,000 after acquiring an additional 25 shares during the last quarter. Fortune Financial Advisors LLC lifted its position in Murphy USA by 1.6% during the second quarter. Fortune Financial Advisors LLC now owns 1,821 shares of the specialty retailer’s stock valued at $741,000 after purchasing an additional 29 shares during the period. Corient Private Wealth LLC boosted its holdings in Murphy USA by 0.3% in the second quarter. Corient Private Wealth LLC now owns 12,902 shares of the specialty retailer’s stock valued at $4,810,000 after purchasing an additional 40 shares during the last quarter. Resonant Capital Advisors LLC grew its position in Murphy USA by 4.5% during the 2nd quarter. Resonant Capital Advisors LLC now owns 1,001 shares of the specialty retailer’s stock worth $407,000 after purchasing an additional 43 shares during the period. Finally, Fisher Asset Management LLC grew its position in Murphy USA by 7.7% during the 2nd quarter. Fisher Asset Management LLC now owns 599 shares of the specialty retailer’s stock worth $244,000 after purchasing an additional 43 shares during the period. 80.81% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
MUSA has been the topic of a number of recent research reports. Zacks Research upgraded Murphy USA from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. KeyCorp decreased their price target on Murphy USA from $480.00 to $460.00 and set an “overweight” rating for the company in a report on Thursday, October 23rd. Wells Fargo & Company began coverage on Murphy USA in a research report on Wednesday, October 15th. They issued an “equal weight” rating and a $405.00 price objective on the stock. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Murphy USA in a research note on Monday, December 8th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Murphy USA has an average rating of “Moderate Buy” and an average price target of $474.00.
Check Out Our Latest Analysis on Murphy USA
Murphy USA Stock Performance
NYSE MUSA opened at $406.11 on Tuesday. The stock has a market capitalization of $7.61 billion, a price-to-earnings ratio of 17.13 and a beta of 0.39. The stock has a 50-day moving average of $377.89 and a 200 day moving average of $392.09. The company has a current ratio of 0.81, a quick ratio of 0.40 and a debt-to-equity ratio of 4.07. Murphy USA Inc. has a twelve month low of $345.23 and a twelve month high of $556.60.
Murphy USA (NYSE:MUSA – Get Free Report) last issued its quarterly earnings data on Wednesday, October 29th. The specialty retailer reported $7.25 EPS for the quarter, beating the consensus estimate of $6.60 by $0.65. The company had revenue of $5.11 billion for the quarter, compared to analyst estimates of $5.11 billion. Murphy USA had a return on equity of 69.87% and a net margin of 2.43%.Murphy USA’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same period last year, the company earned $7.20 earnings per share. Sell-side analysts anticipate that Murphy USA Inc. will post 26.45 EPS for the current fiscal year.
Murphy USA Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, November 10th were issued a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Monday, November 10th. This is a boost from Murphy USA’s previous quarterly dividend of $0.53. Murphy USA’s payout ratio is presently 10.63%.
Insider Buying and Selling
In other Murphy USA news, CEO R Andrew Clyde sold 16,250 shares of the company’s stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $381.33, for a total transaction of $6,196,612.50. Following the completion of the transaction, the chief executive officer directly owned 59,172 shares in the company, valued at approximately $22,564,058.76. This represents a 21.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 10.12% of the company’s stock.
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.
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