Principal Financial Group Inc. lifted its stake in Murphy USA Inc. (NYSE:MUSA) by 8.3% during the first quarter, HoldingsChannel reports. The firm owned 90,898 shares of the specialty retailer’s stock after purchasing an additional 6,953 shares during the period. Principal Financial Group Inc.’s holdings in Murphy USA were worth $13,140,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of MUSA. Wealthcare Advisory Partners LLC bought a new position in shares of Murphy USA in the first quarter worth about $36,000. Jones Financial Companies Lllp bought a new position in shares of Murphy USA in the first quarter worth about $39,000. Sowell Financial Services LLC grew its holdings in Murphy USA by 146.4% during the 1st quarter. Sowell Financial Services LLC now owns 946 shares of the specialty retailer’s stock worth $130,000 after acquiring an additional 562 shares in the last quarter. Meritage Portfolio Management bought a new position in Murphy USA during the 1st quarter worth about $215,000. Finally, ExodusPoint Capital Management LP bought a new position in Murphy USA during the 4th quarter worth about $219,000. Hedge funds and other institutional investors own 83.15% of the company’s stock.
Separately, Zacks Investment Research upgraded shares of Murphy USA from a “sell” rating to a “hold” rating and set a $134.00 target price on the stock in a report on Thursday, February 11th.
Murphy USA (NYSE:MUSA) last released its quarterly earnings results on Wednesday, April 28th. The specialty retailer reported $2.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.83 by $1.18. The business had revenue of $2.64 billion during the quarter, compared to analyst estimates of $3.25 billion. Murphy USA had a net margin of 3.03% and a return on equity of 42.87%. The company’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the firm posted $2.92 earnings per share. Research analysts predict that Murphy USA Inc. will post 9.41 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, June 1st. Shareholders of record on Monday, May 17th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend was Friday, May 14th. Murphy USA’s payout ratio is 7.65%.
In other Murphy USA news, SVP John A. Moore sold 1,316 shares of the stock in a transaction dated Tuesday, May 4th. The shares were sold at an average price of $139.86, for a total transaction of $184,055.76. Following the completion of the sale, the senior vice president now directly owns 6,418 shares of the company’s stock, valued at $897,621.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 7.86% of the company’s stock.
About Murphy USA
Murphy USA Inc engages in marketing of retail motor fuel products and convenience merchandise. The company operates retail stores under the Murphy USA and Murphy Express brand names. As of February 3, 2021, it operated 1,503 retail gasoline stores principally in the Southeast, Southwest, and Midwest United States.
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