Murphy USA Inc. (NYSE:MUSA) Shares Bought by First Hawaiian Bank

First Hawaiian Bank raised its holdings in Murphy USA Inc. (NYSE:MUSA) by 2.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,394 shares of the specialty retailer’s stock after acquiring an additional 32 shares during the quarter. First Hawaiian Bank’s holdings in Murphy USA were worth $699,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in MUSA. Stifel Financial Corp grew its holdings in Murphy USA by 22.2% in the 3rd quarter. Stifel Financial Corp now owns 8,385 shares of the specialty retailer’s stock valued at $4,133,000 after buying an additional 1,526 shares during the period. Assetmark Inc. lifted its position in Murphy USA by 6.1% during the 3rd quarter. Assetmark Inc. now owns 35,240 shares of the specialty retailer’s stock worth $17,369,000 after acquiring an additional 2,028 shares in the last quarter. CWA Asset Management Group LLC acquired a new position in Murphy USA during the 3rd quarter worth approximately $1,573,000. JPMorgan Chase & Co. increased its holdings in Murphy USA by 69.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 428,379 shares of the specialty retailer’s stock worth $211,135,000 after purchasing an additional 176,308 shares during the last quarter. Finally, Orion Portfolio Solutions LLC increased its holdings in Murphy USA by 622.9% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 4,048 shares of the specialty retailer’s stock worth $1,995,000 after purchasing an additional 3,488 shares during the last quarter. Hedge funds and other institutional investors own 80.81% of the company’s stock.

Murphy USA Trading Down 0.7 %

Shares of NYSE MUSA opened at $489.68 on Friday. Murphy USA Inc. has a 12 month low of $350.55 and a 12 month high of $561.08. The company has a market cap of $9.92 billion, a price-to-earnings ratio of 20.20 and a beta of 0.80. The company has a quick ratio of 0.41, a current ratio of 0.80 and a debt-to-equity ratio of 2.19. The business has a fifty day simple moving average of $523.00 and a 200-day simple moving average of $504.76.

Murphy USA (NYSE:MUSA) last posted its quarterly earnings results on Wednesday, October 30th. The specialty retailer reported $7.20 earnings per share for the quarter, beating the consensus estimate of $6.64 by $0.56. Murphy USA had a return on equity of 62.73% and a net margin of 2.48%. The firm had revenue of $5.24 billion for the quarter, compared to analyst estimates of $5.54 billion. During the same period in the previous year, the firm earned $7.69 earnings per share. Murphy USA’s quarterly revenue was down 9.6% on a year-over-year basis. Sell-side analysts predict that Murphy USA Inc. will post 23.59 EPS for the current year.

Murphy USA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 4th were given a $0.48 dividend. This is a positive change from Murphy USA’s previous quarterly dividend of $0.45. This represents a $1.92 annualized dividend and a yield of 0.39%. The ex-dividend date was Monday, November 4th. Murphy USA’s dividend payout ratio is presently 7.92%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on MUSA. JPMorgan Chase & Co. downgraded Murphy USA from a “neutral” rating to an “underweight” rating and boosted their price target for the company from $415.00 to $435.00 in a report on Thursday, September 19th. StockNews.com upgraded Murphy USA from a “hold” rating to a “buy” rating in a research report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Murphy USA presently has an average rating of “Moderate Buy” and a consensus price target of $509.40.

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.