Murphy USA Inc. (NYSE:MUSA) Shares Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. raised its position in shares of Murphy USA Inc. (NYSE:MUSAFree Report) by 1.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 79,221 shares of the specialty retailer’s stock after purchasing an additional 973 shares during the period. Principal Financial Group Inc. owned 0.37% of Murphy USA worth $28,247,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MUSA. Cambridge Investment Research Advisors Inc. boosted its stake in Murphy USA by 5.3% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 1,561 shares of the specialty retailer’s stock valued at $533,000 after purchasing an additional 79 shares during the period. Raymond James Financial Services Advisors Inc. boosted its stake in Murphy USA by 4.6% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 4,704 shares of the specialty retailer’s stock valued at $1,608,000 after purchasing an additional 205 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in Murphy USA by 101.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,149 shares of the specialty retailer’s stock valued at $1,760,000 after purchasing an additional 2,595 shares during the period. Fifth Third Bancorp boosted its stake in Murphy USA by 34.2% during the 3rd quarter. Fifth Third Bancorp now owns 153 shares of the specialty retailer’s stock valued at $52,000 after purchasing an additional 39 shares during the period. Finally, Duality Advisers LP boosted its stake in Murphy USA by 70.5% during the 3rd quarter. Duality Advisers LP now owns 7,206 shares of the specialty retailer’s stock valued at $2,463,000 after purchasing an additional 2,980 shares during the period. 80.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Rosemary Turner sold 205 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $400.00, for a total transaction of $82,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, SVP Robert J. Chumley sold 7,016 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $404.42, for a total transaction of $2,837,410.72. Following the transaction, the senior vice president now directly owns 6,448 shares of the company’s stock, valued at $2,607,700.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Rosemary Turner sold 205 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $400.00, for a total transaction of $82,000.00. The disclosure for this sale can be found here. Insiders have sold 10,645 shares of company stock worth $4,326,582 over the last 90 days. 9.04% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on MUSA shares. Stephens restated an “overweight” rating and set a $470.00 price target on shares of Murphy USA in a research report on Wednesday, April 10th. StockNews.com downgraded shares of Murphy USA from a “buy” rating to a “hold” rating in a research report on Thursday, May 9th. Wells Fargo & Company boosted their price target on shares of Murphy USA from $440.00 to $460.00 and gave the stock an “overweight” rating in a research report on Friday, April 19th. Finally, Royal Bank of Canada boosted their target price on shares of Murphy USA from $382.00 to $408.00 and gave the stock a “sector perform” rating in a report on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Murphy USA currently has a consensus rating of “Hold” and an average target price of $408.60.

Read Our Latest Research Report on MUSA

Murphy USA Stock Up 1.0 %

NYSE MUSA opened at $443.38 on Friday. Murphy USA Inc. has a 12 month low of $268.69 and a 12 month high of $445.79. The company’s 50 day simple moving average is $417.20 and its 200 day simple moving average is $389.54. The company has a debt-to-equity ratio of 2.28, a current ratio of 0.87 and a quick ratio of 0.54. The company has a market capitalization of $9.19 billion, a P/E ratio of 18.61 and a beta of 0.77.

Murphy USA (NYSE:MUSAGet Free Report) last released its quarterly earnings results on Wednesday, May 1st. The specialty retailer reported $3.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.09 by ($0.97). Murphy USA had a net margin of 2.43% and a return on equity of 64.45%. The firm had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.89 billion. During the same quarter in the prior year, the firm earned $4.80 EPS. The firm’s revenue was down 4.6% compared to the same quarter last year. Equities research analysts expect that Murphy USA Inc. will post 25.61 earnings per share for the current fiscal year.

Murphy USA Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Monday, May 20th will be issued a dividend of $0.44 per share. The ex-dividend date of this dividend is Friday, May 17th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 0.40%. This is a positive change from Murphy USA’s previous quarterly dividend of $0.42. Murphy USA’s payout ratio is currently 7.05%.

Murphy USA Company 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, as well as operates non-fuel convenience stores. It operates retail gasoline stores principally in the Southeast, Southwest, and Midwest United States.

Further Reading

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

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