UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 3,688 Shares of Murphy USA Inc. (NYSE:MUSA)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in shares of Murphy USA Inc. (NYSE:MUSA) by 6.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 56,720 shares of the specialty retailer’s stock after selling 3,688 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.28% of Murphy USA worth $27,956,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. International Assets Investment Management LLC boosted its stake in 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 acquiring an additional 388,090 shares during the last quarter. Fiera Capital Corp acquired a new stake in Murphy USA in the third quarter worth $53,387,000. FMR LLC boosted its position in shares of Murphy USA by 6.0% during the third quarter. FMR LLC now owns 1,751,206 shares of the specialty retailer’s stock worth $863,116,000 after purchasing an additional 99,253 shares in the last quarter. Argent Capital Management LLC grew its holdings in shares of Murphy USA by 1,359.6% in the 2nd quarter. Argent Capital Management LLC now owns 93,326 shares of the specialty retailer’s stock valued at $43,813,000 after buying an additional 86,932 shares during the period. Finally, New York State Common Retirement Fund grew its holdings in shares of Murphy USA by 232.2% in the 3rd quarter. New York State Common Retirement Fund now owns 35,378 shares of the specialty retailer’s stock valued at $17,437,000 after buying an additional 24,727 shares during the period. Institutional investors and hedge funds own 80.81% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on MUSA. StockNews.com lowered shares of Murphy USA from a “buy” rating to a “hold” rating in a report on Saturday, October 26th. JPMorgan Chase & Co. lowered shares of Murphy USA from a “neutral” rating to an “underweight” rating and boosted their price target for the company from $415.00 to $435.00 in a report on Thursday, September 19th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Murphy USA has an average rating of “Hold” and an average price target of $495.33.

Murphy USA Trading Down 0.1 %

Shares of NYSE:MUSA opened at $540.66 on Thursday. Murphy USA Inc. has a 12 month low of $350.55 and a 12 month high of $561.08. The company has a quick ratio of 0.41, a current ratio of 0.80 and a debt-to-equity ratio of 2.19. The company’s fifty day simple moving average is $504.58 and its 200 day simple moving average is $493.32. The firm has a market cap of $10.95 billion, a price-to-earnings ratio of 22.30 and a beta of 0.78.

Murphy USA (NYSE:MUSA) last announced its earnings results 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 net margin of 2.48% and a return on equity of 62.73%. The business had revenue of $5.24 billion during the quarter, compared to analysts’ expectations of $5.54 billion. During the same quarter in the prior year, the company posted $7.69 earnings per share. The firm’s revenue was down 9.6% on a year-over-year basis. As a group, research analysts forecast that Murphy USA Inc. will post 23.59 EPS for the current fiscal year.

Murphy USA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 4th were issued a dividend of $0.48 per share. This is a boost from Murphy USA’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Monday, November 4th. This represents a $1.92 annualized dividend and a yield of 0.36%. Murphy USA’s dividend payout ratio is presently 7.92%.

About Murphy USA

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.