Murphy USA Inc. (NYSE:MUSA) Shares Bought by Larson Financial Group LLC

Larson Financial Group LLC grew its position in Murphy USA Inc. (NYSE:MUSA) by 5.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 391 shares of the specialty retailer’s stock after acquiring an additional 20 shares during the period. Larson Financial Group LLC’s holdings in Murphy USA were worth $193,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of MUSA. B. Riley Wealth Advisors Inc. raised its holdings in Murphy USA by 24.3% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 1,617 shares of the specialty retailer’s stock worth $678,000 after purchasing an additional 316 shares during the period. Cetera Investment Advisers grew its stake in Murphy USA by 28.4% in the 1st quarter. Cetera Investment Advisers now owns 4,546 shares of the specialty retailer’s stock valued at $1,906,000 after acquiring an additional 1,005 shares during the period. DekaBank Deutsche Girozentrale increased its holdings in Murphy USA by 10.8% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 2,952 shares of the specialty retailer’s stock worth $1,229,000 after acquiring an additional 288 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Murphy USA by 777.8% during the first quarter. EverSource Wealth Advisors LLC now owns 79 shares of the specialty retailer’s stock worth $33,000 after purchasing an additional 70 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in Murphy USA by 34.2% during the 2nd quarter. GAMMA Investing LLC now owns 863 shares of the specialty retailer’s stock worth $405,000 after buying an additional 220 shares in the last quarter. Institutional investors and hedge funds own 80.81% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Raymond James lifted their target price on shares of Murphy USA from $530.00 to $545.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. Royal Bank of Canada cut their price objective on shares of Murphy USA from $538.00 to $537.00 and set a “sector perform” rating for the company in a report on Thursday, August 1st. Wells Fargo & Company boosted their target price on Murphy USA from $540.00 to $560.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. JPMorgan Chase & Co. cut Murphy USA from a “neutral” rating to an “underweight” rating and increased their price target for the company from $415.00 to $435.00 in a report on Thursday, September 19th. Finally, StockNews.com lowered Murphy USA from a “buy” rating to a “hold” rating in a research note on Saturday, October 26th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $495.33.

Murphy USA Price Performance

NYSE:MUSA opened at $553.65 on Thursday. Murphy USA Inc. has a 52 week low of $350.55 and a 52 week high of $561.08. The stock’s fifty day moving average is $498.51 and its two-hundred day moving average is $489.08. The company has a market capitalization of $11.21 billion, a P/E ratio of 22.84 and a beta of 0.75. The company has a quick ratio of 0.41, a current ratio of 0.80 and a debt-to-equity ratio of 2.19.

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

Murphy USA Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 4th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Monday, November 4th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.35%. This is a boost from Murphy USA’s previous quarterly dividend of $0.45. Murphy USA’s dividend payout ratio (DPR) is presently 7.92%.

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.