8,307 Shares in Murphy USA Inc. $MUSA Bought by Callan Family Office LLC

Callan Family Office LLC bought a new position in shares of Murphy USA Inc. (NYSE:MUSA) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 8,307 shares of the specialty retailer’s stock, valued at approximately $4,476,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Huntington National Bank grew its stake in shares of Murphy USA by 106.7% in the fourth quarter. Huntington National Bank now owns 62 shares of the specialty retailer’s stock worth $25,000 after acquiring an additional 32 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in 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 buying an additional 55 shares in the last quarter. Keating Financial Advisory Services Inc. bought a new stake in shares of Murphy USA in the 2nd quarter worth approximately $37,000. Root Financial Partners LLC grew its holdings in shares of Murphy USA by 82.5% during the 1st quarter. Root Financial Partners LLC now owns 73 shares of the specialty retailer’s stock worth $36,000 after purchasing an additional 33 shares in the last quarter. Finally, WPG Advisers LLC grew its holdings in shares of Murphy USA by 148.5% during the 4th quarter. WPG Advisers LLC now owns 82 shares of the specialty retailer’s stock worth $33,000 after purchasing an additional 49 shares in the last quarter. 80.81% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Murphy USA

In other Murphy USA news, Director Diane N. Landen sold 3,000 shares of the business’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $547.25, for a total value of $1,641,750.00. Following the completion of the transaction, the director directly owned 53,841 shares of the company’s stock, valued at approximately $29,464,487.25. The trade was a 5.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Renee M. Bacon sold 1,050 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $529.44, for a total value of $555,912.00. Following the sale, the senior vice president directly owned 3,083 shares in the company, valued at approximately $1,632,263.52. This represents a 25.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 5,016 shares of company stock valued at $2,750,098. Company insiders own 9.02% of the company’s stock.

Analysts Set New Price Targets

MUSA has been the subject of a number of recent research reports. Royal Bank Of Canada restated a “sector perform” rating and issued a $619.00 target price on shares of Murphy USA in a research note on Wednesday, July 29th. Capital One Financial began coverage on shares of Murphy USA in a research note on Monday, June 22nd. They issued an “overweight” rating and a $710.00 price objective for the company. Wall Street Zen upgraded shares of Murphy USA from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 27th. Bank of America raised their price objective on shares of Murphy USA from $600.00 to $625.00 and gave the stock a “neutral” rating in a report on Friday, July 10th. Finally, Jefferies Financial Group upgraded shares of Murphy USA from a “hold” rating to a “buy” rating and lifted their target price for the company from $550.00 to $625.00 in a research report on Wednesday, July 1st. Six investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, Murphy USA presently has a consensus rating of “Moderate Buy” and a consensus price target of $606.89.

Murphy USA Trading Down 0.4%

Shares of MUSA opened at $567.65 on Friday. The stock has a fifty day moving average price of $576.44 and a two-hundred day moving average price of $519.25. The company has a debt-to-equity ratio of 2.77, a quick ratio of 0.54 and a current ratio of 0.92. Murphy USA Inc. has a 52-week low of $349.83 and a 52-week high of $636.04. The company has a market cap of $10.48 billion, a price-to-earnings ratio of 17.29, a PEG ratio of 1.68 and a beta of 0.28.

Murphy USA (NYSE:MUSA) last posted its quarterly earnings data on Wednesday, August 5th. The specialty retailer reported $11.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.95 by $1.32. Murphy USA had a return on equity of 96.01% and a net margin of 2.87%.The firm had revenue of $6.81 billion for the quarter, compared to the consensus estimate of $6.03 billion. During the same quarter in the prior year, the business earned $7.36 EPS. The business’s revenue for the quarter was up 36.0% compared to the same quarter last year. Analysts predict that Murphy USA Inc. will post 33.84 EPS for the current fiscal year.

Murphy USA Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Monday, August 24th will be issued a $0.65 dividend. This is a positive change from Murphy USA’s previous quarterly dividend of $0.64. The ex-dividend date of this dividend is Monday, August 24th. This represents a $2.60 annualized dividend and a dividend yield of 0.5%. Murphy USA’s dividend payout ratio (DPR) is presently 7.80%.

Murphy USA Profile

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.