Murphy USA Inc. (NYSE:MUSA) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Posted by Defense World Staff on May 25th, 2023

Mirae Asset Global Investments Co. Ltd. decreased its position in shares of Murphy USA Inc. (NYSE:MUSA – Get Rating) by 5.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,604 shares of the specialty retailer’s stock after selling 615 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Murphy USA were worth $2,964,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Triasima Portfolio Management inc. raised its position in Murphy USA by 47.9% in the 4th quarter. Triasima Portfolio Management inc. now owns 21,152 shares of the specialty retailer’s stock valued at $5,912,000 after purchasing an additional 6,852 shares in the last quarter. Principal Financial Group Inc. raised its position in Murphy USA by 3.0% in the 4th quarter. Principal Financial Group Inc. now owns 87,085 shares of the specialty retailer’s stock valued at $24,344,000 after purchasing an additional 2,574 shares in the last quarter. MAI Capital Management raised its position in Murphy USA by 28.3% in the 4th quarter. MAI Capital Management now owns 1,288 shares of the specialty retailer’s stock valued at $360,000 after purchasing an additional 284 shares in the last quarter. TriaGen Wealth Management LLC raised its position in Murphy USA by 5.4% in the 4th quarter. TriaGen Wealth Management LLC now owns 1,703 shares of the specialty retailer’s stock valued at $476,000 after purchasing an additional 87 shares in the last quarter. Finally, HighTower Advisors LLC raised its position in Murphy USA by 0.7% in the 4th quarter. HighTower Advisors LLC now owns 141,221 shares of the specialty retailer’s stock valued at $39,493,000 after purchasing an additional 981 shares in the last quarter. Institutional investors and hedge funds own 85.30% of the company’s stock.

Murphy USA Trading Up 1.9 %

NYSE:MUSA opened at $279.93 on Thursday. The stock’s 50 day moving average price is $267.62 and its 200 day moving average price is $272.35. The company has a market capitalization of $6.10 billion, a PE ratio of 10.44 and a beta of 0.80. The company has a quick ratio of 0.53, a current ratio of 0.92 and a debt-to-equity ratio of 2.50. Murphy USA Inc. has a 52-week low of $217.39 and a 52-week high of $323.00.

Murphy USA (NYSE:MUSA – Get Rating) last released its quarterly earnings results on Tuesday, May 2nd. The specialty retailer reported $4.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.18 by $0.62. The firm had revenue of $5.08 billion for the quarter, compared to the consensus estimate of $4.95 billion. Murphy USA had a return on equity of 86.87% and a net margin of 2.68%. The firm’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter last year, the business posted $6.08 EPS. On average, research analysts anticipate that Murphy USA Inc. will post 19.2 EPS for the current year.

Murphy USA Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 1st. Shareholders of record on Monday, May 15th will be paid a $0.38 dividend. This is an increase from Murphy USA’s previous quarterly dividend of $0.37. This represents a $1.52 annualized dividend and a dividend yield of 0.54%. The ex-dividend date of this dividend is Friday, May 12th. Murphy USA’s dividend payout ratio (DPR) is 5.67%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on MUSA. Wells Fargo & Company raised their target price on Murphy USA from $325.00 to $330.00 in a research report on Thursday, May 4th. Raymond James cut their target price on Murphy USA from $335.00 to $305.00 and set an “outperform” rating on the stock in a research report on Friday, February 3rd. Finally, StockNews.com raised Murphy USA from a “hold” rating to a “buy” rating in a research report on Friday, May 12th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, Murphy USA currently has a consensus rating of “Moderate Buy” and an average target price of $315.60.

Insider Buying and Selling at Murphy USA

In other Murphy USA news, SVP Robert J. Chumley sold 1,075 shares of Murphy USA stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $277.72, for a total value of $298,549.00. Following the transaction, the senior vice president now directly owns 6,661 shares in the company, valued at approximately $1,849,892.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Murphy USA news, SVP Robert J. Chumley sold 1,075 shares of Murphy USA stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $277.72, for a total value of $298,549.00. Following the transaction, the senior vice president now directly owns 6,661 shares in the company, valued at approximately $1,849,892.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jeanne Linder Phillips sold 550 shares of the firm’s stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $283.97, for a total value of $156,183.50. Following the completion of the sale, the director now directly owns 2,874 shares of the company’s stock, valued at $816,129.78. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,628 shares of company stock worth $455,611. 9.04% of the stock is currently owned by insiders.

About Murphy USA

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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 in 1996 and is headquartered in El Dorado, AR.