Murphy USA Inc. (NYSE:MUSA) Shares Sold by Horrell Capital Management Inc.

Horrell Capital Management Inc. cut its position in Murphy USA Inc. (NYSE:MUSA) by 10.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,581 shares of the specialty retailer’s stock after selling 2,980 shares during the period. Murphy USA accounts for approximately 3.9% of Horrell Capital Management Inc.’s investment portfolio, making the stock its 4th biggest holding. Horrell Capital Management Inc. owned about 0.13% of Murphy USA worth $13,101,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in MUSA. EverSource Wealth Advisors LLC grew its stake in shares of Murphy USA by 777.8% in the 1st 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. Mather Group LLC. grew its stake in shares of 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 buying an additional 41 shares during the period. V Square Quantitative Management LLC boosted its stake in Murphy USA by 40.4% during the 3rd quarter. V Square Quantitative Management LLC now owns 73 shares of the specialty retailer’s stock valued at $36,000 after purchasing an additional 21 shares during the last quarter. EntryPoint Capital LLC acquired a new position in Murphy USA during the 1st quarter valued at about $69,000. Finally, GHP Investment Advisors Inc. boosted its stake in Murphy USA by 82.1% during the 2nd 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 during the last quarter. 80.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Robert Madison Murphy sold 13,454 shares of Murphy USA stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $514.38, for a total value of $6,920,468.52. Following the sale, the director now owns 382,930 shares of the company’s stock, valued at approximately $196,971,533.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director Robert Madison Murphy sold 13,454 shares of Murphy USA stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $514.38, for a total value of $6,920,468.52. Following the completion of the transaction, the director now directly owns 382,930 shares in the company, valued at approximately $196,971,533.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James W. Keyes sold 2,000 shares of Murphy USA stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $511.54, for a total transaction of $1,023,080.00. Following the completion of the transaction, the director now owns 16,114 shares of the company’s stock, valued at $8,242,955.56. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 32,209 shares of company stock valued at $16,564,666. 9.73% of the stock is owned by company insiders.

Analyst Ratings Changes

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

Murphy USA Stock Performance

Shares of Murphy USA stock traded down $6.09 during mid-day trading on Tuesday, hitting $476.46. 28,617 shares of the stock were exchanged, compared to its average volume of 197,589. Murphy USA Inc. has a 12 month low of $350.55 and a 12 month high of $552.30. The company has a 50-day simple moving average of $499.27 and a 200 day simple moving average of $474.20. The company has a debt-to-equity ratio of 2.20, a quick ratio of 0.52 and a current ratio of 0.84. The company has a market capitalization of $9.76 billion, a P/E ratio of 19.50 and a beta of 0.77.

Murphy USA (NYSE:MUSA) last posted its quarterly earnings results on Wednesday, July 31st. The specialty retailer reported $6.92 EPS for the quarter, topping analysts’ consensus estimates of $6.91 by $0.01. The company 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%. Murphy USA’s revenue was down 2.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $6.02 EPS. Sell-side analysts anticipate that Murphy USA Inc. will post 23.98 earnings per share for the current fiscal year.

Murphy USA Increases Dividend

The business 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 $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date of this dividend is Monday, November 4th. This is a boost from Murphy USA’s previous quarterly dividend of $0.45. Murphy USA’s payout ratio is 7.28%.

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.