Leeward Investments LLC MA Sells 230 Shares of Murphy USA Inc. (NYSE:MUSA)

Leeward Investments LLC MA cut its stake in shares of Murphy USA Inc. (NYSE:MUSA) by 0.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,609 shares of the specialty retailer’s stock after selling 230 shares during the period. Murphy USA comprises approximately 1.3% of Leeward Investments LLC MA’s investment portfolio, making the stock its 16th largest holding. Leeward Investments LLC MA’s holdings in Murphy USA were worth $27,901,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. International Assets Investment Management LLC raised its stake in shares of Murphy USA by 49,501.3% during the 3rd quarter. International Assets Investment Management LLC now owns 388,874 shares of the specialty retailer’s stock worth $191,664,000 after purchasing an additional 388,090 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Murphy USA by 0.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 245,220 shares of the specialty retailer’s stock worth $102,797,000 after purchasing an additional 1,519 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Murphy USA by 0.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 204,363 shares of the specialty retailer’s stock worth $95,940,000 after purchasing an additional 1,560 shares during the period. AQR Capital Management LLC raised its stake in shares of Murphy USA by 1.2% during the 2nd quarter. AQR Capital Management LLC now owns 141,637 shares of the specialty retailer’s stock worth $66,493,000 after purchasing an additional 1,635 shares during the period. Finally, William Blair Investment Management LLC raised its stake in shares of Murphy USA by 1.2% during the 1st quarter. William Blair Investment Management LLC now owns 127,160 shares of the specialty retailer’s stock worth $53,305,000 after purchasing an additional 1,509 shares during the period. 80.81% of the stock is currently owned by institutional investors.

Murphy USA Stock Up 3.8 %

Shares of NYSE MUSA opened at $510.62 on Thursday. Murphy USA Inc. has a 12 month low of $350.55 and a 12 month high of $552.30. 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 firm has a market capitalization of $10.34 billion, a price-to-earnings ratio of 21.07 and a beta of 0.75. The business has a 50-day moving average of $495.61 and a 200-day moving average of $477.23.

Murphy USA (NYSE:MUSA) last issued its quarterly earnings data on Wednesday, October 30th. The specialty retailer reported $7.20 EPS for the quarter, topping the consensus estimate of $6.64 by $0.56. Murphy USA had a return on equity of 62.73% and a net margin of 2.48%. The company had revenue of $5.24 billion during the quarter, compared to analyst estimates of $5.54 billion. During the same quarter in the previous year, the firm earned $7.69 earnings per share. Murphy USA’s revenue was down 9.6% on a year-over-year basis. Sell-side analysts expect that Murphy USA Inc. will post 23.61 earnings per share for the current fiscal year.

Murphy USA Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 4th will be given a $0.48 dividend. The ex-dividend date is Monday, November 4th. This represents a $1.92 annualized dividend and a yield of 0.38%. This is an increase from Murphy USA’s previous quarterly dividend of $0.45. Murphy USA’s payout ratio is presently 7.92%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on MUSA shares. Raymond James lifted their target price on Murphy USA from $530.00 to $545.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. StockNews.com cut Murphy USA from a “buy” rating to a “hold” rating in a research note on Saturday, October 26th. JPMorgan Chase & Co. cut Murphy USA from a “neutral” rating to an “underweight” rating and boosted their price objective for the company from $415.00 to $435.00 in a research note on Thursday, September 19th. Wells Fargo & Company boosted their price objective 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, Royal Bank of Canada lowered their price objective 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. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $495.33.

Insider Buying and Selling at Murphy USA

In other Murphy USA news, Director James W. Keyes sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $511.54, for a total value of $1,023,080.00. Following the completion of the sale, the director now owns 16,114 shares in the company, valued at approximately $8,242,955.56. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 9.73% of the company’s stock.

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.