Murphy USA Inc. (NYSE:MUSA) Shares Bought by Nuveen Asset Management LLC

Posted by on Feb 28th, 2023

Nuveen Asset Management LLC grew its holdings in Murphy USA Inc. (NYSE:MUSA – Get Rating) by 6.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 126,024 shares of the specialty retailer’s stock after buying an additional 7,936 shares during the quarter. Nuveen Asset Management LLC owned about 0.56% of Murphy USA worth $34,646,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of MUSA. Financial Management Professionals Inc. acquired a new stake in Murphy USA in the third quarter valued at $27,000. Quadrant Capital Group LLC lifted its stake in shares of Murphy USA by 47.6% in the second quarter. Quadrant Capital Group LLC now owns 121 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 39 shares during the period. Ronald Blue Trust Inc. purchased a new stake in Murphy USA during the second quarter worth about $33,000. Private Trust Co. NA purchased a new stake in Murphy USA during the second quarter worth about $34,000. Finally, Pinebridge Investments L.P. acquired a new position in Murphy USA during the second quarter worth about $43,000. 85.30% of the stock is currently owned by hedge funds and other institutional investors.

Murphy USA Price Performance

Shares of NYSE:MUSA opened at $266.24 on Tuesday. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.48 and a current ratio of 0.85. The business’s fifty day moving average price is $270.12 and its two-hundred day moving average price is $282.36. The stock has a market cap of $5.78 billion, a PE ratio of 9.47 and a beta of 0.83. Murphy USA Inc. has a one year low of $164.30 and a one year high of $323.00.

Murphy USA (NYSE:MUSA – Get Rating) last posted its quarterly earnings data on Wednesday, February 1st. The specialty retailer reported $5.21 EPS for the quarter, missing analysts’ consensus estimates of $6.16 by ($0.95). Murphy USA had a net margin of 2.87% and a return on equity of 90.90%. The company had revenue of $5.37 billion for the quarter, compared to analyst estimates of $5.40 billion. During the same period in the previous year, the business earned $4.23 EPS. The firm’s revenue was up 12.6% on a year-over-year basis. On average, analysts forecast that Murphy USA Inc. will post 18.89 EPS for the current fiscal year.

Murphy USA Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 1st. Stockholders of record on Tuesday, February 21st will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, February 17th. This is an increase from Murphy USA’s previous quarterly dividend of $0.35. This represents a $1.48 dividend on an annualized basis and a dividend yield of 0.56%. Murphy USA’s payout ratio is 5.27%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on MUSA shares. Wells Fargo & Company decreased their price target on Murphy USA from $350.00 to $325.00 and set an “overweight” rating on the stock in a research note on Friday, February 3rd. Royal Bank of Canada started coverage on Murphy USA in a research report on Wednesday, December 14th. They set a “sector perform” rating and a $360.00 target price on the stock. Raymond James dropped their price target on Murphy USA from $335.00 to $305.00 and set an “outperform” rating for the company in a research report on Friday, February 3rd. Finally, StockNews.com lowered shares of Murphy USA from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 8th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four 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 target price of $314.60.

Murphy USA Profile

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Murphy USA, Inc engages in marketing motor fuel products and convenience merchandise through retail stores, namely Murphy USA and Murphy Express. It collaborates with Walmart to offer customers discounted and free items based on purchases of qualifying fuel and merchandise. The company was founded on March 1, 2013 and is headquartered in El Dorado, AR.

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

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