Murphy USA Inc. (NYSE:MUSA) Shares Sold by Security National Bank

Security National Bank reduced its position in shares of Murphy USA Inc. (NYSE:MUSA) by 0.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 50,232 shares of the specialty retailer’s stock after selling 192 shares during the period. Murphy USA comprises about 3.4% of Security National Bank’s investment portfolio, making the stock its 6th biggest position. Security National Bank owned 0.24% of Murphy USA worth $24,758,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mather Group LLC. increased its stake in shares of Murphy USA by 141.4% in the second quarter. Mather Group LLC. now owns 70 shares of the specialty retailer’s stock valued at $33,000 after buying an additional 41 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in Murphy USA by 777.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 79 shares of the specialty retailer’s stock valued at $33,000 after acquiring an additional 70 shares in the last quarter. EntryPoint Capital LLC bought a new position in shares of Murphy USA in the first quarter worth about $69,000. GHP Investment Advisors Inc. lifted its position in shares of 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 in the last quarter. Finally, Canada Pension Plan Investment Board bought a new stake in shares of Murphy USA during the second quarter valued at approximately $94,000. 80.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Murphy USA

In other news, Director Robert Madison Murphy sold 16,755 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $514.54, for a total transaction of $8,621,117.70. Following the sale, the director now owns 396,384 shares of the company’s stock, valued at $203,955,423.36. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director Robert Madison Murphy sold 16,755 shares of the stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $514.54, for a total transaction of $8,621,117.70. Following the completion of the sale, the director now owns 396,384 shares of the company’s stock, valued at $203,955,423.36. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James W. Keyes sold 2,000 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $511.54, for a total transaction of $1,023,080.00. Following the completion of the sale, the director now directly owns 16,114 shares in the company, valued at $8,242,955.56. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,209 shares of company stock valued at $16,564,666. Company insiders own 9.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Raymond James boosted their price objective on shares of Murphy USA from $530.00 to $545.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. StockNews.com upgraded Murphy USA from a “hold” rating to a “buy” rating in a report on Friday. JPMorgan Chase & Co. lowered Murphy USA from a “neutral” rating to an “underweight” rating and lifted their price objective for the stock from $415.00 to $435.00 in a research report on Thursday, September 19th. Wells Fargo & Company upped their target price on shares of Murphy USA from $540.00 to $560.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Finally, Royal Bank of Canada lowered their price target on shares of Murphy USA from $538.00 to $537.00 and set a “sector perform” rating for the company in a research report on Thursday, August 1st. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Murphy USA has an average rating of “Hold” and a consensus target price of $464.57.

Murphy USA Stock Performance

Shares of MUSA stock opened at $476.90 on Tuesday. The stock has a 50-day moving average of $507.35 and a 200-day moving average of $467.38. Murphy USA Inc. has a one year low of $350.55 and a one year high of $552.30. The stock has a market cap of $9.88 billion, a PE ratio of 20.01 and a beta of 0.77. The company has a debt-to-equity ratio of 2.20, a current ratio of 0.84 and a quick ratio of 0.52.

Murphy USA (NYSE:MUSA) last posted its earnings results on Wednesday, July 31st. The specialty retailer reported $6.92 earnings per share for the quarter, topping the consensus estimate of $6.91 by $0.01. Murphy USA had a net margin of 2.50% and a return on equity of 64.73%. The company had revenue of $5.45 billion for the quarter, compared to analyst estimates of $5.69 billion. During the same period last year, the business posted $6.02 earnings per share. The business’s revenue for the quarter was down 2.4% compared to the same quarter last year. As a group, sell-side analysts expect that Murphy USA Inc. will post 24.14 earnings per share for the current year.

Murphy USA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 26th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 0.38%. This is a boost from Murphy USA’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend was Monday, August 26th. Murphy USA’s payout ratio is presently 7.55%.

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.