West Coast Financial LLC Boosts Stake in Murphy USA Inc. (NYSE:MUSA)

West Coast Financial LLC increased its stake in shares of Murphy USA Inc. (NYSE:MUSAFree Report) by 0.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 13,941 shares of the specialty retailer’s stock after purchasing an additional 126 shares during the period. West Coast Financial LLC owned 0.07% of Murphy USA worth $5,844,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. UMB Bank n.a. raised its position in shares of Murphy USA by 191.7% during the 4th quarter. UMB Bank n.a. now owns 70 shares of the specialty retailer’s stock worth $25,000 after purchasing an additional 46 shares during the last quarter. Cullen Frost Bankers Inc. acquired a new stake in Murphy USA in the 4th quarter valued at about $25,000. JFS Wealth Advisors LLC raised its holdings in Murphy USA by 394.7% in the 4th quarter. JFS Wealth Advisors LLC now owns 94 shares of the specialty retailer’s stock valued at $34,000 after acquiring an additional 75 shares during the last quarter. McGlone Suttner Wealth Management Inc. acquired a new stake in Murphy USA in the 4th quarter valued at about $44,000. Finally, Delta Asset Management LLC TN raised its holdings in Murphy USA by 70.7% in the 4th quarter. Delta Asset Management LLC TN now owns 128 shares of the specialty retailer’s stock valued at $46,000 after acquiring an additional 53 shares during the last quarter. Institutional investors and hedge funds own 80.81% of the company’s stock.

Murphy USA Trading Down 2.2 %

Shares of Murphy USA stock traded down $10.73 during mid-day trading on Tuesday, hitting $476.48. The stock had a trading volume of 69,229 shares, compared to its average volume of 216,302. The firm has a 50-day moving average of $437.95 and a two-hundred day moving average of $405.70. Murphy USA Inc. has a 12-month low of $282.49 and a 12-month high of $489.89. The company has a quick ratio of 0.54, a current ratio of 0.87 and a debt-to-equity ratio of 2.28. The firm has a market cap of $9.87 billion, a P/E ratio of 20.46 and a beta of 0.76.

Murphy USA (NYSE:MUSAGet Free Report) last posted its quarterly earnings results on Wednesday, May 1st. The specialty retailer reported $3.12 earnings per share for the quarter, missing the consensus estimate of $4.09 by ($0.97). Murphy USA had a net margin of 2.43% and a return on equity of 64.45%. The firm had revenue of $4.84 billion during the quarter, compared to analysts’ expectations of $4.89 billion. During the same period last year, the company earned $4.80 EPS. The business’s quarterly revenue was down 4.6% on a year-over-year basis. Sell-side analysts forecast that Murphy USA Inc. will post 24.57 earnings per share for the current year.

Murphy USA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Monday, May 20th were given a dividend of $0.44 per share. The ex-dividend date of this dividend was Friday, May 17th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 0.37%. This is a boost from Murphy USA’s previous quarterly dividend of $0.42. Murphy USA’s dividend payout ratio (DPR) is presently 7.39%.

Insider Buying and Selling

In related news, VP Donald R. Smith, Jr. sold 854 shares of the stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $438.75, for a total transaction of $374,692.50. Following the completion of the transaction, the vice president now owns 20,099 shares of the company’s stock, valued at approximately $8,818,436.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Murphy USA news, CEO R Andrew Clyde sold 10,392 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $440.32, for a total value of $4,575,805.44. Following the completion of the transaction, the chief executive officer now owns 199,563 shares of the company’s stock, valued at approximately $87,871,580.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Donald R. Smith, Jr. sold 854 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $438.75, for a total transaction of $374,692.50. Following the completion of the transaction, the vice president now directly owns 20,099 shares of the company’s stock, valued at approximately $8,818,436.25. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,451 shares of company stock valued at $5,032,498. Company insiders own 9.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on MUSA shares. Wells Fargo & Company increased their price objective on shares of Murphy USA from $440.00 to $460.00 and gave the company an “overweight” rating in a report on Friday, April 19th. StockNews.com downgraded shares of Murphy USA from a “buy” rating to a “hold” rating in a report on Thursday, May 9th. Finally, Stephens reiterated an “overweight” rating and issued a $470.00 price objective on shares of Murphy USA in a report on Wednesday, April 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $408.60.

Read Our Latest Stock Analysis on MUSA

Murphy USA Company Profile

(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

Institutional Ownership by Quarter for Murphy USA (NYSE:MUSA)

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