Shell Asset Management Co. Sells 42 Shares of Murphy USA Inc. (NYSE:MUSA)

Shell Asset Management Co. decreased its stake in Murphy USA Inc. (NYSE:MUSA) by 3.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,160 shares of the specialty retailer’s stock after selling 42 shares during the quarter. Shell Asset Management Co.’s holdings in Murphy USA were worth $486,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. International Assets Investment Management LLC raised its position in shares of Murphy USA by 35,556.0% during the fourth quarter. International Assets Investment Management LLC now owns 269,916 shares of the specialty retailer’s stock worth $96,241,000 after purchasing an additional 269,159 shares during the period. Norges Bank acquired a new stake in shares of Murphy USA during the fourth quarter worth about $81,560,000. Charles Schwab Investment Management Inc. raised its position in shares of Murphy USA by 1.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 194,560 shares of the specialty retailer’s stock worth $69,372,000 after purchasing an additional 1,986 shares during the period. Wedge Capital Management L L P NC raised its position in Murphy USA by 15.4% in the 4th quarter. Wedge Capital Management L L P NC now owns 128,194 shares of the specialty retailer’s stock valued at $45,709,000 after buying an additional 17,077 shares during the last quarter. Finally, William Blair Investment Management LLC grew its stake in Murphy USA by 1.2% in the first quarter. William Blair Investment Management LLC now owns 127,160 shares of the specialty retailer’s stock valued at $53,305,000 after purchasing an additional 1,509 shares in the last quarter. Institutional investors and hedge funds own 80.81% of the company’s stock.

Wall Street Analysts Forecast Growth

MUSA has been the subject of a number of analyst reports. StockNews.com upgraded Murphy USA from a “hold” rating to a “buy” rating in a research note on Wednesday. Raymond James lifted their target price on Murphy USA from $425.00 to $530.00 and gave the stock an “outperform” rating in a research note on Thursday, July 18th. Wells Fargo & Company lifted their target price on Murphy USA from $440.00 to $460.00 and gave the stock an “overweight” rating in a research note on Friday, April 19th. Finally, Stephens restated an “overweight” rating and issued a $470.00 price target on shares of Murphy USA in a research note on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Murphy USA has a consensus rating of “Moderate Buy” and an average price target of $428.83.

Insider Buying and Selling at Murphy USA

In other Murphy USA news, Director Rosemary Turner sold 205 shares of the company’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $400.00, for a total value of $82,000.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Rosemary Turner sold 205 shares of the company’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $400.00, for a total transaction of $82,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO R Andrew Clyde sold 10,392 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now owns 199,563 shares in the company, valued at approximately $87,871,580.16. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,451 shares of company stock worth $5,032,498. Insiders own 9.04% of the company’s stock.

Murphy USA Price Performance

NYSE MUSA traded up $13.91 during midday trading on Friday, hitting $515.45. The company had a trading volume of 51,434 shares, compared to its average volume of 210,769. The company has a market capitalization of $10.68 billion, a PE ratio of 21.58 and a beta of 0.77. The company has a current ratio of 0.87, a quick ratio of 0.54 and a debt-to-equity ratio of 2.28. The firm has a 50-day moving average price of $465.70 and a 200-day moving average price of $424.06. Murphy USA Inc. has a twelve month low of $282.49 and a twelve month high of $520.00.

Murphy USA (NYSE:MUSA) last posted its quarterly earnings results on Wednesday, May 1st. The specialty retailer reported $3.12 EPS for the quarter, missing analysts’ consensus estimates of $4.09 by ($0.97). Murphy USA had a return on equity of 64.45% and a net margin of 2.43%. The business had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.89 billion. During the same period last year, the firm posted $4.80 EPS. Murphy USA’s quarterly revenue was down 4.6% on a year-over-year basis. As a group, analysts anticipate that Murphy USA Inc. will post 24.83 earnings per share for the current fiscal year.

Murphy USA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Monday, May 20th were given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date was Friday, May 17th. This is a positive change from Murphy USA’s previous quarterly dividend of $0.42. Murphy USA’s payout ratio is 7.39%.

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.