National Bank of Canada FI Sells 47 Shares of Murphy USA Inc. (NYSE:MUSA)

National Bank of Canada FI cut its holdings in Murphy USA Inc. (NYSE:MUSA) by 5.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 771 shares of the specialty retailer’s stock after selling 47 shares during the quarter. National Bank of Canada FI’s holdings in Murphy USA were worth $380,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. raised its position in shares of Murphy USA by 30.1% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 1,662 shares of the specialty retailer’s stock valued at $780,000 after purchasing an additional 385 shares during the period. Assenagon Asset Management S.A. bought a new position in Murphy USA in the 2nd quarter worth $4,566,000. Raymond James & Associates lifted its position in Murphy USA by 1.3% during the 2nd quarter. Raymond James & Associates now owns 38,705 shares of the specialty retailer’s stock worth $18,171,000 after acquiring an additional 492 shares during the last quarter. First Horizon Advisors Inc. boosted its holdings in Murphy USA by 25.6% during the second quarter. First Horizon Advisors Inc. now owns 201 shares of the specialty retailer’s stock valued at $94,000 after acquiring an additional 41 shares during the period. Finally, Fifth Third Wealth Advisors LLC acquired a new stake in shares of Murphy USA in the second quarter valued at about $310,000. 80.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

MUSA has been the subject of several recent analyst reports. JPMorgan Chase & Co. downgraded Murphy USA from a “neutral” rating to an “underweight” rating and increased their target price for the company from $415.00 to $435.00 in a research note on Thursday, September 19th. StockNews.com raised Murphy USA from a “hold” rating to a “buy” rating in a research report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $495.33.

Murphy USA Trading Up 0.5 %

Murphy USA stock opened at $550.90 on Monday. The business has a 50 day moving average price of $511.90 and a two-hundred day moving average price of $498.60. The company has a quick ratio of 0.41, a current ratio of 0.80 and a debt-to-equity ratio of 2.19. Murphy USA Inc. has a 12 month low of $350.55 and a 12 month high of $561.08. The stock has a market cap of $11.16 billion, a price-to-earnings ratio of 22.73 and a beta of 0.78.

Murphy USA (NYSE:MUSA) last issued its earnings results on Wednesday, October 30th. The specialty retailer reported $7.20 EPS for the quarter, beating analysts’ consensus estimates of $6.64 by $0.56. Murphy USA had a return on equity of 62.73% and a net margin of 2.48%. The business had revenue of $5.24 billion during the quarter, compared to analyst estimates of $5.54 billion. During the same period in the prior year, the company posted $7.69 earnings per share. Murphy USA’s revenue was down 9.6% on a year-over-year basis. As a group, equities analysts forecast that Murphy USA Inc. will post 23.59 EPS for the current year.

Murphy USA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 4th were given a dividend of $0.48 per share. This is a positive change from Murphy USA’s previous quarterly dividend of $0.45. This represents a $1.92 annualized dividend and a dividend yield of 0.35%. The ex-dividend date was Monday, November 4th. Murphy USA’s payout ratio is 7.92%.

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.