Icon Wealth Advisors LLC Has $1.77 Million Holdings in Murphy USA Inc. (NYSE:MUSA)

Icon Wealth Advisors LLC boosted its position in Murphy USA Inc. (NYSE:MUSA) by 1,465.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,600 shares of the specialty retailer’s stock after buying an additional 3,370 shares during the period. Icon Wealth Advisors LLC’s holdings in Murphy USA were worth $1,774,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Mather Group LLC. boosted its position in shares of Murphy USA by 141.4% during the 2nd quarter. Mather Group LLC. now owns 70 shares of the specialty retailer’s stock valued at $33,000 after purchasing an additional 41 shares in the last quarter. V Square Quantitative Management LLC lifted its stake in Murphy USA by 40.4% in the third quarter. V Square Quantitative Management LLC now owns 73 shares of the specialty retailer’s stock valued at $36,000 after buying an additional 21 shares during the period. EverSource Wealth Advisors LLC lifted its stake in Murphy USA by 777.8% in the first quarter. EverSource Wealth Advisors LLC now owns 79 shares of the specialty retailer’s stock valued at $33,000 after buying an additional 70 shares during the period. Key Financial Inc boosted its holdings in shares of Murphy USA by 942.9% during the 3rd quarter. Key Financial Inc now owns 146 shares of the specialty retailer’s stock worth $72,000 after buying an additional 132 shares in the last quarter. Finally, EntryPoint Capital LLC acquired a new stake in shares of Murphy USA during the 1st quarter worth approximately $69,000. Institutional investors own 80.81% of the company’s stock.

Murphy USA Price Performance

Shares of NYSE:MUSA opened at $545.10 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.41 and a debt-to-equity ratio of 2.19. The stock has a market cap of $11.04 billion, a PE ratio of 22.49 and a beta of 0.75. The stock’s fifty day simple moving average is $497.40 and its two-hundred day simple moving average is $485.24. Murphy USA Inc. has a 1-year low of $350.55 and a 1-year high of $552.30.

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, topping analysts’ consensus estimates of $6.64 by $0.56. Murphy USA had a net margin of 2.48% and a return on equity of 62.73%. The business had revenue of $5.24 billion during the quarter, compared to the consensus estimate of $5.54 billion. During the same period in the prior year, the firm posted $7.69 EPS. The firm’s quarterly revenue was down 9.6% compared to the same quarter last year. As a group, analysts forecast that Murphy USA Inc. will post 23.59 EPS for the current fiscal year.

Murphy USA Increases Dividend

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

Insiders Place Their Bets

In other news, Director James W. Keyes sold 2,000 shares of Murphy USA stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $511.54, for a total transaction of $1,023,080.00. Following the sale, the director now directly owns 16,114 shares in the company, valued at $8,242,955.56. The trade was a 11.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 9.04% of the company’s stock.

Wall Street Analysts Forecast Growth

MUSA has been the subject of a number of research reports. StockNews.com cut shares of Murphy USA from a “buy” rating to a “hold” rating in a report on Saturday, October 26th. Wells Fargo & Company raised their target price on Murphy USA from $540.00 to $560.00 and gave the company an “overweight” 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 note on Thursday, August 1st. Raymond James boosted their price objective on Murphy USA from $530.00 to $545.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. Finally, JPMorgan Chase & Co. cut Murphy USA from a “neutral” rating to an “underweight” rating and increased their target price for the stock from $415.00 to $435.00 in a report on Thursday, September 19th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $495.33.

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.