1 week Ago By ABMN Staff
LPL Financial LLC grew its position in Murphy USA Inc. ( NYSE:MUSA – Free Report ) by 39.3% in the 4th quarter, Holdings Channel.
com reports. The firm owned 12,364 shares of the specialty retailer’s stock after buying an additional 3,486 shares during the period. LPL Financial LLC’s holdings in Murphy USA were worth $6,204,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently made changes to their positions in MUSA. Brown Lisle Cummings Inc. bought a new stake in shares of Murphy USA during the fourth quarter valued at about $50,000.
V Square Quantitative Management LLC increased its stake in Murphy USA by 37.0% during the 4th quarter. V Square Quantitative Management LLC now owns 100 shares of the specialty retailer’s stock valued at $50,000 after buying an additional 27 shares during the period.
Fortitude Family Office LLC lifted its stake in shares of Murphy USA by 186.1% in the 4th quarter. Fortitude Family Office LLC now owns 103 shares of the specialty retailer’s stock worth $52,000 after acquiring an additional 67 shares during the period.
R Squared Ltd bought a new position in shares of Murphy USA in the fourth quarter valued at approximately $55,000. Finally, SBI Securities Co. Ltd.
acquired a new position in shares of Murphy USA during the fourth quarter valued at approximately $67,000. Institutional investors and hedge funds own 80.81% of the company’s stock.
Murphy USA Trading Down 2.2 % Shares of MUSA opened at $459.50 on Tuesday.
The company has a current ratio of 0.79, a quick ratio of 0.37 and a debt-to-equity ratio of 2.
18. Murphy USA Inc. has a 1-year low of $382.
04 and a 1-year high of $561.08. The stock has a market capitalization of $9.
10 billion, a P/E ratio of 18.99 and a beta of 0.73.
The business’s 50-day moving average price is $470.76 and its 200 day moving average price is $493.03.
Murphy USA Increases Dividend The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th were issued a $0.49 dividend.
The ex-dividend date was Monday, February 24th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 0.
43%. This is a positive change from Murphy USA’s previous quarterly dividend of $0.48.
Murphy USA’s dividend payout ratio is presently 8.10%. Insider Activity In other Murphy USA news, CMO Renee M.
Bacon sold 2,000 shares of the 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 completion of the sale, the chief marketing officer now owns 5,927 shares in the company, valued at $2,783,200.66.
This represents a 25.23 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink .
Also, Director Rosemary Turner sold 797 shares of Murphy USA stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $496.10, for a total transaction of $395,391.
70. The disclosure for this sale can be found here . Over the last quarter, insiders have sold 3,594 shares of company stock worth $1,695,043.
9.04% of the stock is owned by corporate insiders. Wall Street Analyst Weigh In MUSA has been the subject of a number of research analyst reports.
Melius Research upgraded Murphy USA to a “strong-buy” rating in a research report on Tuesday, March 11th. StockNews.com cut Murphy USA from a “buy” rating to a “hold” rating in a research note on Friday, March 21st.
Royal Bank of Canada lifted their target price on Murphy USA from $550.00 to $554.00 and gave the stock a “sector perform” rating in a report on Thursday, February 6th.
Melius initiated coverage on shares of Murphy USA in a research report on Tuesday, March 11th. They set a “buy” rating and a $600.00 price objective for the company.
Finally, Wells Fargo & Company lowered 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 note on Friday, February 7th.
One investment analyst has rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $525.
67. Check Out Our Latest Stock Report on Murphy USA 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. See Also Want to see what other hedge funds are holding MUSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Murphy USA Inc.
( NYSE:MUSA – Free Report ). Receive News & Ratings for Murphy USA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Murphy USA and related companies with MarketBeat.com's FREE daily email newsletter .
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