Murphy USA Inc. (NYSE:MUSA) Shares Acquired by California Public Employees Retirement System

California Public Employees Retirement System lifted its stake in shares of Murphy USA Inc. (NYSE:MUSAFree Report) by 4.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 114,897 shares of the specialty retailer’s stock after purchasing an additional 5,007 shares during the period. California Public Employees Retirement System’s holdings in Murphy USA were worth $39,264,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in MUSA. Norges Bank acquired a new position in shares of Murphy USA during the 4th quarter worth approximately $51,918,000. Virginia Retirement Systems ET AL acquired a new position in Murphy USA in the second quarter valued at approximately $52,142,000. Morgan Stanley lifted its holdings in Murphy USA by 76.4% in the fourth quarter. Morgan Stanley now owns 379,886 shares of the specialty retailer’s stock valued at $106,194,000 after acquiring an additional 164,519 shares during the last quarter. Junto Capital Management LP lifted its holdings in Murphy USA by 123.3% in the second quarter. Junto Capital Management LP now owns 289,465 shares of the specialty retailer’s stock valued at $90,055,000 after acquiring an additional 159,822 shares during the last quarter. Finally, Candlestick Capital Management LP acquired a new position in Murphy USA in the second quarter valued at approximately $46,452,000. 83.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on MUSA shares. StockNews.com started coverage on Murphy USA in a report on Thursday, October 5th. They issued a “buy” rating on the stock. Jefferies Financial Group upgraded Murphy USA from a “hold” rating to a “buy” rating and upped their price objective for the company from $375.00 to $425.00 in a report on Thursday, January 4th. The Goldman Sachs Group upped their price target on Murphy USA from $252.00 to $280.00 and gave the stock a “sell” rating in a research note on Thursday, October 26th. Finally, Stephens restated an “overweight” rating and set a $410.00 price target on shares of Murphy USA in a research note on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $360.83.

Read Our Latest Analysis on MUSA

Insider Activity at Murphy USA

In related news, CMO Renee M. Bacon sold 7,206 shares of the stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $367.51, for a total value of $2,648,277.06. Following the transaction, the chief marketing officer now owns 3,083 shares of the company’s stock, valued at $1,133,033.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CMO Renee M. Bacon sold 7,206 shares of the stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $367.51, for a total value of $2,648,277.06. Following the transaction, the chief marketing officer now owns 3,083 shares of the company’s stock, valued at $1,133,033.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jennifer Bridges sold 2,268 shares of the firm’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $365.41, for a total value of $828,749.88. Following the transaction, the senior vice president now directly owns 2,850 shares in the company, valued at approximately $1,041,418.50. The disclosure for this sale can be found here. Insiders have sold 39,474 shares of company stock valued at $14,477,727 over the last quarter. 9.47% of the stock is owned by insiders.

Murphy USA Stock Down 0.8 %

Murphy USA stock opened at $359.89 on Wednesday. Murphy USA Inc. has a twelve month low of $231.65 and a twelve month high of $384.25. The stock’s fifty day simple moving average is $365.34 and its 200-day simple moving average is $344.85. The company has a current ratio of 1.02, a quick ratio of 0.61 and a debt-to-equity ratio of 2.12. The firm has a market capitalization of $7.66 billion, a P/E ratio of 15.17 and a beta of 0.70.

Murphy USA (NYSE:MUSAGet Free Report) last posted its earnings results on Wednesday, November 1st. The specialty retailer reported $7.69 EPS for the quarter, beating the consensus estimate of $6.08 by $1.61. The firm had revenue of $5.80 billion for the quarter, compared to analyst estimates of $5.83 billion. Murphy USA had a return on equity of 71.06% and a net margin of 2.40%. Murphy USA’s revenue for the quarter was down 6.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $9.28 earnings per share. As a group, equities analysts expect that Murphy USA Inc. will post 24.5 earnings per share for the current fiscal year.

Murphy USA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Monday, November 6th were issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 0.46%. The ex-dividend date was Friday, November 3rd. This is a positive change from Murphy USA’s previous quarterly dividend of $0.39. Murphy USA’s dividend payout ratio is 6.91%.

Murphy USA Profile

(Free Report)

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. It operates retail gasoline stores principally in the Southeast, Southwest, and Midwest United States. The company was founded in 1996 and is headquartered in El Dorado, Arkansas.

Further Reading

Want to see what other hedge funds are holding MUSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Murphy USA Inc. (NYSE:MUSAFree Report).

Institutional Ownership by Quarter for Murphy USA (NYSE:MUSA)

Receive News & Ratings for Murphy USA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Murphy USA and related companies with MarketBeat.com's FREE daily email newsletter.