Beacon Harbor Wealth Advisors Inc. invests $4.15 million in Murphy USA Inc. (NYSE:MUSA)

Financial Advisors


Beacon Harbor Wealth Advisors acquired a new role with Murphy USA (NYSE: MUSA – Rated) during the fourth quarter, according to the company’s latest disclosure filed with the Securities and Exchange Commission. The company acquired 14,854 shares of the specialty retailer, valued at approximately $4,152,000. Beacon Harbor Wealth Advisors owned 0.07% of Murphy USA shares at the time of the latest SEC filing.

Several other institutional investors have also recently changed their stock positions. Trexquant Investment LP increased its Murphy USA holdings by 8.7% in the third quarter. Trexquant Investment LP purchased an additional 1,357 of his shares last quarter and now owns 16,902 shares of the specialty retailer worth $4,647,000. Principal Financial Group Inc. increased its shareholding in Murphy USA by 3.0% during the fourth quarter. Principal Financial Group acquired an additional 2,574 shares last quarter and now owns 87,085 shares in the specialty retailer, valued at $24,344,000. The California Public Employees’ Retirement Plan increased its Murphy USA shareholding by 187.8% in the third quarter. California Public Service Retirement Plan now owns 49,452 shares of the specialty retailer, valued at $13.595 million, after acquiring an additional 32,267 shares in the previous quarter. Nuveen Asset Management LLC increased its shareholding in Murphy USA by 6.7% during the third quarter. Nuveen Asset Management LLC acquired an additional 7,936 shares last quarter and now owns 126,024 shares of the specialty retailer, valued at $34,646,000. Finally, Delphia USA Inc. increased its shareholding in Murphy USA by 36.3% during the third quarter. Delphia USA Inc. acquired an additional 450 shares last quarter and now owns 1,688 shares of the specialty retailer, valued at $464,000. Institutional investors own 85.30% of the company’s shares.

Murphy USA trading down 1.3%

Murphy USA shares fell $3.63 to $274.09 in intraday trading on Monday. The company’s stock traded 123,877 shares with an average volume of 285,159 shares. The company’s 50-day moving average is $265.56 and its 200-day moving average is $272.76. The stock has a market cap of $5.97 billion, a P/E of 10.25 and a beta of 0.80. The company has a debt to equity ratio of 2.50, a quick ratio of 0.53 and a current ratio of 0.92. Murphy USA Inc. hit a one-year low of $217.39 and a one-year high of $323.00.

Murphy USA (NYSE:MUSA – Get Rating) last released its quarterly earnings data on Tuesday, May 2nd. The specialty retailer reported his EPS of $4.80 for the quarter, beating consensus expectations of $4.18 for him by $0.62. The company had revenue of $5.08 billion in the quarter, compared with consensus expectations of $4.95 billion. Murphy USA had a return on equity of 86.87% and a net profit margin of 2.68%. Murphy USA’s quarterly revenues were down 0.8% year-over-year. The company’s EPS in the year-ago quarter was $6.08. On average, research analysts expect Murphy USA Inc.’s EPS to be 19.2 this year.

Murphy USA increases dividend

The company also recently announced a quarterly dividend to be paid on Thursday, June 1. His $0.38 dividend will be issued to shareholders of record on Monday, May 15. This equates to an annual dividend of $1.52 and a dividend yield of 0.55%. This is a boost from Murphy USA’s previous quarterly dividend of $0.37. The ex-dividend date for this dividend will be Friday, May 12. Murphy USA’s payout ratio is currently 5.67%.

Wall Street analyst speaks out

Several equity analysts have been eyeing MUSA shares recently. StockNews.com upgraded Murphy USA’s rating from ‘hold’ to ‘buy’ in a research report on Friday, May 12. Wells Fargo & Company raised its price target for Murphy USA from $325.00 to $330.00 in a research report on Thursday, May 4. Finally, Raymond James lowered his price target on Murphy USA from $335.00 to $305.00, setting the stock’s valuation at “Outperform” in its research report on Friday, February 3rd. One equity research analyst rated the company a sell, one a hold, and four buys. According to MarketBeat.com, Murphy USA’s consensus rating is currently “moderate buy” and his average target price is $315.60.

insider bet

In other news from Murphy USA, Director Gene Linder Phillips sold 550 shares of the company in a deal on Wednesday, May 10th. The shares were sold at an average price of $283.97 for a total of $156,183.50. Following the closing of the sale, the directors will own directly 2,874 shares of the company, valued at approximately $816,129.78. The sale was disclosed in documents filed with the Securities and Exchange Commission, available at this link. Insiders own 9.04% of the company’s stock.

About Murphy USA

(get rating)

Murphy USA, Inc is engaged in the sale of motor fuel and convenience products through its Murphy USA and Murphy Express retail outlets. The company works with Walmart to offer customers discounts or free merchandise based on qualifying fuel and merchandise purchases. The company was founded in 1996 and is headquartered in El Dorado, Arkansas.

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Murphy USA Quarterly Institutional Ownership (NYSE:MUSA)

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