Federated Hermes Inc. Sells 14,675 Shares of Murphy USA Inc. $MUSA

Federated Hermes Inc. decreased its position in shares of Murphy USA Inc. (NYSE:MUSA) by 57.8% during the third quarter, according to its most recent filing with the SEC. The firm owned 10,707 shares of the specialty retailer’s stock after selling 14,675 shares during the period. Federated Hermes Inc.’s holdings in Murphy USA were worth $4,157,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its position in shares of Murphy USA by 423.1% during the second quarter. EverSource Wealth Advisors LLC now owns 68 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 55 shares in the last quarter. Ameritas Advisory Services LLC bought a new position in Murphy USA in the second quarter worth $29,000. Golden State Wealth Management LLC lifted its position in Murphy USA by 1,925.0% during the second quarter. Golden State Wealth Management LLC now owns 81 shares of the specialty retailer’s stock valued at $33,000 after buying an additional 77 shares during the period. American National Bank & Trust bought a new stake in shares of Murphy USA during the 3rd quarter valued at $64,000. Finally, Headlands Technologies LLC purchased a new stake in shares of Murphy USA in the 2nd quarter worth about $67,000. Institutional investors own 80.81% of the company’s stock.

Insider Buying and Selling

In related news, CEO R Andrew Clyde sold 24,733 shares of the business’s stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $381.33, for a total value of $9,431,434.89. Following the completion of the transaction, the chief executive officer directly owned 131,024 shares in the company, valued at $49,963,381.92. The trade was a 15.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Malynda K. West sold 4,051 shares of the stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $425.00, for a total value of $1,721,675.00. Following the sale, the chief executive officer owned 117,389 shares in the company, valued at approximately $49,890,325. This represents a 3.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 45,034 shares of company stock valued at $17,349,722. 10.12% of the stock is owned by company insiders.

Murphy USA Stock Up 1.7%

Shares of Murphy USA stock opened at $434.68 on Wednesday. The company has a 50-day simple moving average of $413.24 and a two-hundred day simple moving average of $393.32. The stock has a market capitalization of $8.14 billion, a PE ratio of 18.33, a price-to-earnings-growth ratio of 3.75 and a beta of 0.38. Murphy USA Inc. has a 52-week low of $345.23 and a 52-week high of $523.09. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.40 and a current ratio of 0.81.

Wall Street Analyst Weigh In

MUSA has been the subject of a number of recent research reports. KeyCorp reissued an “overweight” rating on shares of Murphy USA in a research report on Monday. Wells Fargo & Company raised their target price on shares of Murphy USA from $375.00 to $410.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of Murphy USA in a report on Monday, December 29th. Royal Bank Of Canada restated a “sector perform” rating and issued a $467.00 price target on shares of Murphy USA in a research note on Friday, January 23rd. Finally, Bank of America initiated coverage on Murphy USA in a research report on Friday, January 9th. They set an “underperform” rating for the company. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $460.33.

Murphy USA Company 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.