State Board of Administration of Florida Retirement System boosted its position in Murphy USA Inc. (NYSE:MUSA – Free Report) by 7.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,892 shares of the specialty retailer’s stock after purchasing an additional 625 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Murphy USA were worth $2,295,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Dark Forest Capital Management LP bought a new position in shares of Murphy USA in the 4th quarter worth about $29,000. Mendota Financial Group LLC bought a new position in shares of Murphy USA during the first quarter valued at approximately $50,000. GPS Wealth Strategies Group LLC purchased a new position in shares of Murphy USA during the first quarter valued at approximately $52,000. Harbor Investment Advisory LLC boosted its position in shares of Murphy USA by 522.9% in the 1st quarter. Harbor Investment Advisory LLC now owns 218 shares of the specialty retailer’s stock worth $56,000 after purchasing an additional 183 shares in the last quarter. Finally, Covington Capital Management purchased a new stake in shares of Murphy USA in the 3rd quarter worth approximately $61,000. Hedge funds and other institutional investors own 83.95% of the company’s stock.
Insider Activity at Murphy USA
In other Murphy USA news, CEO R Andrew Clyde sold 18,971 shares of Murphy USA stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $314.40, for a total value of $5,964,482.40. Following the completion of the sale, the chief executive officer now owns 226,473 shares of the company’s stock, valued at approximately $71,203,111.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Murphy USA news, CEO R Andrew Clyde sold 18,971 shares of the stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $314.40, for a total value of $5,964,482.40. Following the transaction, the chief executive officer now owns 226,473 shares of the company’s stock, valued at $71,203,111.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Christopher A. Click sold 700 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $302.31, for a total value of $211,617.00. The disclosure for this sale can be found here. Insiders have sold a total of 70,815 shares of company stock worth $22,153,785 over the last quarter. Company insiders own 9.47% of the company’s stock.
Wall Street Analyst Weigh In
Read Our Latest Report on MUSA
Murphy USA Stock Down 0.9 %
Murphy USA stock opened at $337.73 on Wednesday. Murphy USA Inc. has a 12 month low of $231.65 and a 12 month high of $342.77. The stock has a fifty day simple moving average of $314.88 and a two-hundred day simple moving average of $289.43. The company has a current ratio of 0.94, a quick ratio of 0.51 and a debt-to-equity ratio of 2.38. The firm has a market cap of $7.24 billion, a price-to-earnings ratio of 13.34 and a beta of 0.80.
Murphy USA (NYSE:MUSA – Get Free Report) last released its quarterly earnings data on Wednesday, August 2nd. The specialty retailer reported $6.02 EPS for the quarter, missing the consensus estimate of $6.09 by ($0.07). Murphy USA had a return on equity of 80.20% and a net margin of 2.59%. The business had revenue of $5.59 billion during the quarter, compared to the consensus estimate of $5.61 billion. Equities analysts predict that Murphy USA Inc. will post 21.38 EPS for the current fiscal year.
Murphy USA Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 7th. Stockholders of record on Monday, August 28th were issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 0.46%. This is a boost from Murphy USA’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Friday, August 25th. Murphy USA’s payout ratio is presently 6.16%.
Murphy USA Company Profile
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.
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