Mutual of America Capital Management LLC Sells 5,681 Shares of Murphy USA Inc. $MUSA

Mutual of America Capital Management LLC lessened its stake in shares of Murphy USA Inc. (NYSE:MUSA) by 16.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,217 shares of the specialty retailer’s stock after selling 5,681 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Murphy USA were worth $11,344,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. EverSource Wealth Advisors LLC lifted its position in shares of Murphy USA by 423.1% during the second quarter. EverSource Wealth Advisors LLC now owns 68 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 55 shares in the last quarter. Ameritas Advisory Services LLC bought a new position in Murphy USA in the second quarter valued at approximately $29,000. Golden State Wealth Management LLC increased its position in shares of Murphy USA by 1,925.0% during the 2nd quarter. Golden State Wealth Management LLC now owns 81 shares of the specialty retailer’s stock worth $33,000 after purchasing an additional 77 shares during the last quarter. American National Bank & Trust bought a new stake in shares of Murphy USA during the 3rd quarter worth approximately $64,000. Finally, Headlands Technologies LLC bought a new position in shares of Murphy USA in the second quarter valued at $67,000. Institutional investors and hedge funds own 80.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on MUSA. Bank of America assumed coverage on shares of Murphy USA in a research note on Friday, January 9th. They issued an “underperform” rating for the company. KeyCorp lowered their price target on Murphy USA from $480.00 to $460.00 and set an “overweight” rating on the stock in a research report on Thursday, October 23rd. Weiss Ratings restated a “hold (c)” rating on shares of Murphy USA in a research note on Monday, December 29th. Wells Fargo & Company lifted their target price on Murphy USA from $375.00 to $410.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 21st. Finally, Stephens increased their price target on Murphy USA from $425.00 to $475.00 and gave the company an “overweight” rating in a research note on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Murphy USA currently has an average rating of “Hold” and an average target price of $460.33.

Murphy USA Trading Down 0.5%

Shares of NYSE:MUSA opened at $429.78 on Tuesday. Murphy USA Inc. has a 12-month low of $345.23 and a 12-month high of $523.09. The business has a 50 day moving average of $407.35 and a 200-day moving average of $393.29. 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 stock has a market cap of $8.05 billion, a PE ratio of 18.13, a P/E/G ratio of 3.81 and a beta of 0.39.

Murphy USA (NYSE:MUSA) last released its quarterly earnings results 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. The business had revenue of $5.11 billion during the quarter, compared to analysts’ expectations of $5.11 billion. Murphy USA had a return on equity of 69.87% and a net margin of 2.43%.The firm’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same period last year, the firm posted $7.20 EPS. As a group, equities research analysts forecast that Murphy USA Inc. will post 26.45 earnings per share for the current year.

Murphy USA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Monday, November 10th were given a $0.63 dividend. The ex-dividend date of this dividend was Monday, November 10th. This is a boost from Murphy USA’s previous quarterly dividend of $0.53. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.6%. Murphy USA’s dividend payout ratio (DPR) is presently 10.63%.

Insider Activity

In other Murphy USA news, CEO R Andrew Clyde sold 24,733 shares of the stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $381.33, for a total transaction of $9,431,434.89. Following the transaction, the chief executive officer owned 131,024 shares in the company, valued at $49,963,381.92. This represents a 15.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Malynda K. West sold 4,051 shares of the firm’s stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $425.00, for a total transaction of $1,721,675.00. Following the transaction, the chief executive officer directly owned 117,389 shares in the company, valued at $49,890,325. This represents a 3.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 45,034 shares of company stock worth $17,349,722 over the last 90 days. 10.12% of the stock is currently owned by corporate insiders.

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.