Insider Selling: Murphy USA Inc. (NYSE:MUSA) Director Sells 13,454 Shares of Stock

Murphy USA Inc. (NYSE:MUSA) Director Robert Madison Murphy sold 13,454 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $514.38, for a total transaction of $6,920,468.52. Following the completion of the sale, the director now directly owns 382,930 shares of the company’s stock, valued at approximately $196,971,533.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Robert Madison Murphy also recently made the following trade(s):

• On Tuesday, August 6th, Robert Madison Murphy sold 16,755 shares of Murphy USA stock. The stock was sold at an average price of $514.54, for a total value of $8,621,117.70.

Murphy USA Stock Performance

NYSE MUSA traded down $6.85 during trading hours on Friday, hitting $510.52. The company had a trading volume of 114,620 shares, compared to its average volume of 212,599. The company has a quick ratio of 0.54, a current ratio of 0.84 and a debt-to-equity ratio of 2.20. The firm has a market cap of $10.58 billion, a P/E ratio of 21.44 and a beta of 0.77. Murphy USA Inc. has a fifty-two week low of $307.45 and a fifty-two week high of $521.54. The business has a fifty day simple moving average of $479.14 and a 200-day simple moving average of $433.24.

Murphy USA (NYSE:MUSA) last released its quarterly earnings data on Wednesday, July 31st. The specialty retailer reported $6.92 earnings per share for the quarter, topping analysts’ consensus estimates of $6.91 by $0.01. The business had revenue of $5.45 billion for the quarter, compared to analysts’ expectations of $5.69 billion. Murphy USA had a net margin of 2.50% and a return on equity of 64.73%. The company’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same quarter last year, the company earned $6.02 EPS. Equities analysts predict that Murphy USA Inc. will post 24.83 EPS for the current year.

Analyst Ratings Changes

Several analysts have issued reports on the company. Raymond James upped their price objective on Murphy USA from $530.00 to $545.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Royal Bank of Canada dropped their price target on Murphy USA from $538.00 to $537.00 and set a “sector perform” rating on the stock in a research report on Thursday, August 1st. Wells Fargo & Company raised their price objective on Murphy USA from $540.00 to $560.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Finally, StockNews.com upgraded shares of Murphy USA from a “hold” rating to a “buy” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $469.50.

Institutional Investors Weigh In On Murphy USA

Several large investors have recently made changes to their positions in the company. Envestnet Asset Management Inc. increased its position in Murphy USA by 14.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 97,011 shares of the specialty retailer’s stock valued at $45,543,000 after acquiring an additional 12,336 shares during the period. Oppenheimer Asset Management Inc. increased its holdings in shares of Murphy USA by 10.9% during the second quarter. Oppenheimer Asset Management Inc. now owns 4,621 shares of the specialty retailer’s stock valued at $2,169,000 after purchasing an additional 455 shares during the period. Thoroughbred Financial Services LLC increased its holdings in shares of Murphy USA by 65.0% during the second quarter. Thoroughbred Financial Services LLC now owns 1,556 shares of the specialty retailer’s stock valued at $730,000 after purchasing an additional 613 shares during the period. GHP Investment Advisors Inc. raised its stake 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 valued at $81,000 after purchasing an additional 78 shares in the last quarter. Finally, Coldstream Capital Management Inc. lifted its holdings in Murphy USA by 6.4% in the second quarter. Coldstream Capital Management Inc. now owns 1,728 shares of the specialty retailer’s stock worth $811,000 after purchasing an additional 104 shares during the period. Institutional investors and hedge funds own 80.81% of the company’s stock.

About Murphy USA

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.