Nisa Investment Advisors LLC Sells 1,778 Shares of Murphy USA Inc. $MUSA
by Tristan Rich · The Markets DailyNisa Investment Advisors LLC trimmed its position in Murphy USA Inc. (NYSE:MUSA – Free Report) by 16.4% in the third quarter, Holdings Channel.com reports. The institutional investor owned 9,064 shares of the specialty retailer’s stock after selling 1,778 shares during the period. Nisa Investment Advisors LLC’s holdings in Murphy USA were worth $3,519,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently bought and sold shares of the company. Mutual of America Capital Management LLC increased its holdings in shares of Murphy USA by 2.7% during the 2nd quarter. Mutual of America Capital Management LLC now owns 34,898 shares of the specialty retailer’s stock worth $14,197,000 after purchasing an additional 907 shares during the period. Arcadia Investment Management Corp MI lifted its stake in shares of Murphy USA by 154.5% in the second quarter. Arcadia Investment Management Corp MI now owns 6,305 shares of the specialty retailer’s stock valued at $2,565,000 after buying an additional 3,828 shares during the period. Norges Bank acquired a new stake in Murphy USA during the second quarter worth about $93,967,000. Southernsun Asset Management LLC increased its stake in Murphy USA by 13.7% during the second quarter. Southernsun Asset Management LLC now owns 74,908 shares of the specialty retailer’s stock valued at $30,473,000 after acquiring an additional 9,051 shares during the period. Finally, Exchange Traded Concepts LLC raised its holdings in Murphy USA by 340.7% in the 2nd quarter. Exchange Traded Concepts LLC now owns 7,778 shares of the specialty retailer’s stock valued at $3,164,000 after acquiring an additional 6,013 shares in the last quarter. Institutional investors own 80.81% of the company’s stock.
Insiders Place Their Bets
In other Murphy USA news, CEO Malynda K. West sold 4,051 shares of the business’s stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $425.00, for a total value of $1,721,675.00. Following the transaction, the chief executive officer owned 117,389 shares of the company’s stock, valued at approximately $49,890,325. The trade was a 3.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO R Andrew Clyde sold 24,733 shares of Murphy USA stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $381.33, for a total value of $9,431,434.89. Following the completion of the transaction, the chief executive officer directly owned 131,024 shares of the company’s stock, valued at $49,963,381.92. This represents a 15.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 45,034 shares of company stock worth $17,349,722. Insiders own 10.12% of the company’s stock.
Murphy USA Trading Up 3.2%
Shares of MUSA stock opened at $440.74 on Tuesday. The company has a market capitalization of $8.26 billion, a P/E ratio of 18.59 and a beta of 0.39. Murphy USA Inc. has a 12-month low of $345.23 and a 12-month high of $523.09. The company has a quick ratio of 0.40, a current ratio of 0.81 and a debt-to-equity ratio of 4.07. The firm has a 50-day moving average price of $392.14 and a 200 day moving average price of $391.98.
Murphy USA (NYSE:MUSA – Get Free Report) last issued its quarterly earnings data on Wednesday, October 29th. The specialty retailer reported $7.25 earnings per share for the quarter, topping the consensus estimate of $6.60 by $0.65. Murphy USA had a net margin of 2.43% and a return on equity of 69.87%. The firm had revenue of $5.11 billion for the quarter, compared to analysts’ expectations of $5.11 billion. During the same period in the prior year, the firm earned $7.20 earnings per share. The company’s quarterly revenue was down 2.5% compared to the same quarter last year. Research analysts forecast that Murphy USA Inc. will post 26.45 earnings per share for the current fiscal year.
Murphy USA Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Monday, November 10th were given a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 0.6%. The ex-dividend date was Monday, November 10th. This is a positive change from Murphy USA’s previous quarterly dividend of $0.53. Murphy USA’s dividend payout ratio is presently 10.63%.
Wall Street Analysts Forecast Growth
A number of research firms have recently issued reports on MUSA. Wells Fargo & Company started coverage on Murphy USA in a research report on Wednesday, October 15th. They set an “equal weight” rating and a $405.00 price objective on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Murphy USA in a report on Monday, December 29th. Zacks Research upgraded shares of Murphy USA from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. Bank of America started coverage on shares of Murphy USA in a report on Friday. They set an “underperform” rating for the company. Finally, KeyCorp dropped their price target on shares of Murphy USA from $480.00 to $460.00 and set an “overweight” rating for the company in a research report on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Murphy USA has a consensus rating of “Hold” and a consensus target price of $474.00.
Check Out Our Latest Stock Report on Murphy USA
About Murphy USA
Murphy USA is a leading downstream marketer of gasoline, diesel and convenience store products in the United States. Headquartered in El Dorado, Arkansas, the company was originally established as part of Murphy Oil Corporation and was spun off as an independent public entity in 2013. Since its separation, Murphy USA has focused on retail fueling services and convenience offerings designed to deliver value and convenience to consumers.
The company’s primary operations center on two retail formats.
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