Edgestream Partners L.P. Sells 2,267 Shares of Murphy USA Inc. (NYSE:MUSA)

Edgestream Partners L.P. cut its position in shares of Murphy USA Inc. (NYSE:MUSA) by 48.6% during the 1st quarter, Holdings Channel reports. The firm owned 2,394 shares of the specialty retailer’s stock after selling 2,267 shares during the quarter. Edgestream Partners L.P.’s holdings in Murphy USA were worth $1,004,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. UMB Bank n.a. boosted its position in Murphy USA by 191.7% in the fourth quarter. UMB Bank n.a. now owns 70 shares of the specialty retailer’s stock worth $25,000 after purchasing an additional 46 shares during the last quarter. Cullen Frost Bankers Inc. purchased a new position in Murphy USA in the fourth quarter valued at approximately $25,000. JFS Wealth Advisors LLC grew its holdings in Murphy USA by 394.7% during the fourth quarter. JFS Wealth Advisors LLC now owns 94 shares of the specialty retailer’s stock valued at $34,000 after purchasing an additional 75 shares during the period. McGlone Suttner Wealth Management Inc. purchased a new stake in Murphy USA in the fourth quarter worth $44,000. Finally, Delta Asset Management LLC TN lifted its position in shares of Murphy USA by 70.7% during the 4th quarter. Delta Asset Management LLC TN now owns 128 shares of the specialty retailer’s stock valued at $46,000 after buying an additional 53 shares during the last quarter. Hedge funds and other institutional investors own 80.81% of the company’s stock.

Insider Transactions at Murphy USA

In other Murphy USA news, CEO R Andrew Clyde sold 10,392 shares of Murphy USA stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $440.32, for a total transaction of $4,575,805.44. Following the sale, the chief executive officer now directly owns 199,563 shares of the company’s stock, valued at approximately $87,871,580.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO R Andrew Clyde sold 10,392 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $440.32, for a total transaction of $4,575,805.44. Following the sale, the chief executive officer now owns 199,563 shares in the company, valued at approximately $87,871,580.16. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Rosemary Turner sold 205 shares of the stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $400.00, for a total transaction of $82,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,451 shares of company stock valued at $5,032,498. Company insiders own 9.04% of the company’s stock.

Murphy USA Price Performance

Shares of MUSA stock traded down $4.36 on Tuesday, reaching $513.41. The company’s stock had a trading volume of 17,042 shares, compared to its average volume of 211,021. The company has a market capitalization of $10.64 billion, a P/E ratio of 21.73 and a beta of 0.77. Murphy USA Inc. has a 12-month low of $282.49 and a 12-month high of $520.00. The stock’s 50 day simple moving average is $461.66 and its 200-day simple moving average is $422.06. The company has a quick ratio of 0.54, a current ratio of 0.87 and a debt-to-equity ratio of 2.28.

Murphy USA (NYSE:MUSA) last released its quarterly earnings results on Wednesday, May 1st. The specialty retailer reported $3.12 earnings per share for the quarter, missing the consensus estimate of $4.09 by ($0.97). Murphy USA had a net margin of 2.43% and a return on equity of 64.45%. The business had revenue of $4.84 billion during the quarter, compared to analysts’ expectations of $4.89 billion. During the same period in the previous year, the business earned $4.80 EPS. The business’s revenue was down 4.6% on a year-over-year basis. As a group, equities analysts predict that Murphy USA Inc. will post 24.82 earnings per share for the current fiscal year.

Murphy USA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Monday, May 20th were issued a $0.44 dividend. The ex-dividend date was Friday, May 17th. This is a positive change from Murphy USA’s previous quarterly dividend of $0.42. This represents a $1.76 annualized dividend and a yield of 0.34%. Murphy USA’s dividend payout ratio is 7.39%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on MUSA. Raymond James lifted their price objective on Murphy USA from $425.00 to $530.00 and gave the stock an “outperform” rating in a report on Thursday, July 18th. Wells Fargo & Company lifted their price objective on shares of Murphy USA from $440.00 to $460.00 and gave the company an “overweight” rating in a research note on Friday, April 19th. StockNews.com downgraded Murphy USA from a “buy” rating to a “hold” rating in a research report on Tuesday, July 16th. Finally, Stephens reissued an “overweight” rating and set a $470.00 price objective on shares of Murphy USA in a report on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $428.83.

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, as well as operates non-fuel convenience stores. It operates retail gasoline stores principally in the Southeast, Southwest, and Midwest United States.