38,491 Shares in Murphy USA Inc. (NYSE:MUSA) Bought by Point72 Asset Management L.P.

Point72 Asset Management L.P. bought a new stake in Murphy USA Inc. (NYSE:MUSA) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 38,491 shares of the specialty retailer’s stock, valued at approximately $18,971,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Mather Group LLC. increased its position in Murphy USA by 141.4% in the 2nd quarter. Mather Group LLC. now owns 70 shares of the specialty retailer’s stock valued at $33,000 after acquiring an additional 41 shares during the period. V Square Quantitative Management LLC grew its stake in shares of Murphy USA by 40.4% in the third quarter. V Square Quantitative Management LLC now owns 73 shares of the specialty retailer’s stock worth $36,000 after purchasing an additional 21 shares in the last quarter. Key Financial Inc increased its holdings in shares of Murphy USA by 942.9% during the third quarter. Key Financial Inc now owns 146 shares of the specialty retailer’s stock valued at $72,000 after purchasing an additional 132 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, EverSource Wealth Advisors LLC lifted its holdings in Murphy USA by 135.4% in the second quarter. EverSource Wealth Advisors LLC now owns 186 shares of the specialty retailer’s stock worth $94,000 after purchasing an additional 107 shares during the period. Institutional investors and hedge funds own 80.81% of the company’s stock.

Murphy USA Stock Up 0.3 %

NYSE MUSA opened at $539.36 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 capitalization of $10.92 billion, a P/E ratio of 22.25 and a beta of 0.78. The company’s 50 day simple moving average is $506.19 and its 200 day simple moving average is $494.29. The company has a debt-to-equity ratio of 2.19, a current ratio of 0.80 and a quick ratio of 0.41.

Murphy USA (NYSE:MUSA) last announced its quarterly earnings data on Wednesday, October 30th. The specialty retailer reported $7.20 EPS for the quarter, beating analysts’ consensus estimates of $6.64 by $0.56. The company had revenue of $5.24 billion during the quarter, compared to the consensus estimate of $5.54 billion. Murphy USA had a return on equity of 62.73% and a net margin of 2.48%. The company’s quarterly revenue was down 9.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $7.69 EPS. Equities research analysts expect that Murphy USA Inc. will post 23.59 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, December 2nd. Investors of record on Monday, November 4th were paid a $0.48 dividend. The ex-dividend date was Monday, November 4th. This represents a $1.92 dividend on an annualized basis and a yield of 0.36%. This is a boost from Murphy USA’s previous quarterly dividend of $0.45. Murphy USA’s dividend payout ratio (DPR) is currently 7.92%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. JPMorgan Chase & Co. downgraded shares of Murphy USA from a “neutral” rating to an “underweight” rating and boosted their price target for the stock from $415.00 to $435.00 in a research report on Thursday, September 19th. StockNews.com cut Murphy USA from a “buy” rating to a “hold” rating in a report on Saturday, October 26th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $495.33.

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.