State of Michigan Retirement System minimize its holdings in Murphy USA Inc. (NYSE:MUSA – Free Report) by 2.2% throughout the 2nd quarter, Holdings Channel.com experiences. The institutional investor owned 4,524 shares of the specialty retailer’s inventory after promoting 100 shares throughout the quarter. State of Michigan Retirement System’s holdings in Murphy USA had been value $2,124,000 on the finish of the newest quarter.
A number of different institutional traders have additionally lately added to or diminished their stakes within the enterprise. Financial institution of New York Mellon Corp lifted its stake in Murphy USA by 0.8% within the second quarter. Financial institution of New York Mellon Corp now owns 204,363 shares of the specialty retailer’s inventory valued at $95,940,000 after shopping for an extra 1,560 shares throughout the interval. Raymond James Belief N.A. acquired a brand new place in shares of Murphy USA throughout the second quarter value roughly $776,000. Calamos Advisors LLC acquired a brand new place in shares of Murphy USA throughout the second quarter value roughly $1,085,000. Argent Capital Administration LLC raised its place in shares of Murphy USA by 1,359.6% throughout the second quarter. Argent Capital Administration LLC now owns 93,326 shares of the specialty retailer’s inventory value $43,813,000 after buying an extra 86,932 shares throughout the interval. Lastly, &PARTNERS raised its place in shares of Murphy USA by 9.3% throughout the second quarter. &PARTNERS now owns 826 shares of the specialty retailer’s inventory value $388,000 after buying an extra 70 shares throughout the interval. 80.81% of the inventory is owned by institutional traders and hedge funds.
Murphy USA Buying and selling Down 0.5 %
NYSE MUSA opened at $515.20 on Thursday. The agency has a market capitalization of $10.67 billion, a P/E ratio of 21.62 and a beta of 0.77. The enterprise has a fifty day easy transferring common of $493.67 and a 200 day easy transferring common of $448.00. Murphy USA Inc. has a 12 month low of $309.18 and a 12 month excessive of $522.57. The corporate has a present ratio of 0.84, a fast ratio of 0.54 and a debt-to-equity ratio of two.20.
Murphy USA (NYSE:MUSA – Get Free Report) final launched its quarterly earnings outcomes on Wednesday, July thirty first. The specialty retailer reported $6.92 EPS for the quarter, beating analysts’ consensus estimates of $6.91 by $0.01. The enterprise had income of $5.45 billion throughout the quarter, in comparison with analyst estimates of $5.69 billion. Murphy USA had a return on fairness of 64.73% and a web margin of two.50%. Murphy USA’s quarterly income was down 2.4% in comparison with the identical quarter final yr. Throughout the identical interval within the prior yr, the agency posted $6.02 EPS. On common, analysts predict that Murphy USA Inc. will publish 24.83 EPS for the present fiscal yr.
Murphy USA Will increase Dividend
The agency additionally lately disclosed a quarterly dividend, which will likely be paid on Thursday, September fifth. Shareholders of report on Monday, August twenty sixth will likely be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized foundation and a yield of 0.35%. The ex-dividend date is Monday, August twenty sixth. This is a rise from Murphy USA’s earlier quarterly dividend of $0.44. Murphy USA’s dividend payout ratio is 7.55%.
Wall Road Analyst Weigh In
MUSA has been the subject of plenty of analysis experiences. Raymond James upped their goal value on Murphy USA from $530.00 to $545.00 and gave the inventory an “outperform” ranking in a analysis report on Friday, August 2nd. Royal Financial institution of Canada lowered their goal value on Murphy USA from $538.00 to $537.00 and set a “sector carry out” ranking on the inventory in a analysis report on Thursday, August 1st. StockNews.com raised Murphy USA from a “maintain” ranking to a “purchase” ranking in a analysis report on Saturday, August seventeenth. Lastly, Wells Fargo & Firm elevated their value goal on Murphy USA from $540.00 to $560.00 and gave the corporate an “chubby” ranking in a analysis report on Friday, August 2nd. One funding analyst has rated the inventory with a promote ranking, one has given a maintain ranking and 5 have assigned a purchase ranking to the corporate’s inventory. Primarily based on information from MarketBeat.com, Murphy USA presently has a mean ranking of “Average Purchase” and a consensus goal value of $469.50.
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Insider Shopping for and Promoting at Murphy USA
In different Murphy USA information, Director Robert Madison Murphy offered 13,454 shares of the corporate’s inventory in a transaction on Thursday, August eighth. The inventory was offered at a mean value of $514.38, for a complete worth of $6,920,468.52. Following the completion of the transaction, the director now owns 382,930 shares within the firm, valued at roughly $196,971,533.40. The sale was disclosed in a submitting with the Securities & Change Fee, which may be accessed by way of the SEC web site. In different information, Director James W. Keyes offered 2,000 shares of the inventory in a transaction on Tuesday, August twenty seventh. The inventory was offered at a mean value of $511.54, for a complete transaction of $1,023,080.00. Following the completion of the transaction, the director now owns 16,114 shares within the firm, valued at roughly $8,242,955.56. The transaction was disclosed in a submitting with the Securities & Change Fee, which may be accessed by way of this hyperlink. Additionally, Director Robert Madison Murphy offered 13,454 shares of the inventory in a transaction on Thursday, August eighth. The inventory was offered at a mean value of $514.38, for a complete worth of $6,920,468.52. Following the transaction, the director now owns 382,930 shares of the corporate’s inventory, valued at roughly $196,971,533.40. The disclosure for this sale may be discovered right here. Insiders offered 32,209 shares of firm inventory value $16,564,666 within the final quarter. 9.04% of the inventory is at the moment owned by firm insiders.
Murphy USA Profile
Murphy USA Inc engages in advertising and marketing of retail motor gasoline merchandise and comfort merchandise. The corporate operates retail shops underneath the Murphy USA, Murphy Categorical, and QuickChek manufacturers, in addition to operates non-fuel comfort shops. It operates retail gasoline shops principally within the Southeast, Southwest, and Midwest United States.
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