Arcadia Investment Management Corp MI Trims Position in Murphy USA Inc. $MUSA

Arcadia Investment Management Corp MI cut its holdings in shares of Murphy USA Inc. (NYSE:MUSA) by 27.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,080 shares of the specialty retailer’s stock after selling 1,568 shares during the period. Arcadia Investment Management Corp MI’s holdings in Murphy USA were worth $1,646,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB increased its stake in shares of Murphy USA by 82.4% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 62 shares of the specialty retailer’s stock valued at $25,000 after buying an additional 28 shares during the period. Huntington National Bank boosted its position in shares of Murphy USA by 106.7% during the fourth quarter. Huntington National Bank now owns 62 shares of the specialty retailer’s stock valued at $25,000 after purchasing an additional 32 shares in the last quarter. Ameriflex Group Inc. bought a new stake in shares of Murphy USA during the third quarter valued at approximately $26,000. AlphaQuest LLC boosted its position in shares of Murphy USA by 317.6% during the third quarter. AlphaQuest LLC now owns 71 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 54 shares in the last quarter. Finally, 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. 80.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on MUSA shares. KeyCorp lifted their price target on Murphy USA from $560.00 to $600.00 and gave the company an “overweight” rating in a research report on Friday, April 24th. Stephens dropped their price target on Murphy USA from $475.00 to $450.00 and set an “overweight” rating on the stock in a research report on Friday, February 6th. Wells Fargo & Company lifted their price target on Murphy USA from $450.00 to $520.00 and gave the company an “equal weight” rating in a research report on Friday, May 1st. Royal Bank Of Canada boosted their target price on Murphy USA from $510.00 to $517.00 and gave the stock a “sector perform” rating in a report on Thursday, April 30th. Finally, Wall Street Zen downgraded Murphy USA from a “strong-buy” rating to a “buy” rating in a report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Murphy USA presently has a consensus rating of “Moderate Buy” and an average target price of $503.71.

Murphy USA Trading Down 0.1%

Murphy USA stock opened at $505.77 on Monday. The company has a market capitalization of $9.34 billion, a price-to-earnings ratio of 17.48, a price-to-earnings-growth ratio of 1.71 and a beta of 0.30. The company has a current ratio of 0.83, a quick ratio of 0.48 and a debt-to-equity ratio of 3.24. Murphy USA Inc. has a 12 month low of $345.23 and a 12 month high of $609.82. The business’s fifty day simple moving average is $524.17 and its two-hundred day simple moving average is $448.24.

Murphy USA (NYSE:MUSA) last announced its quarterly earnings results on Wednesday, April 29th. The specialty retailer reported $7.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.37 by $1.91. The firm had revenue of $4.82 billion for the quarter, compared to the consensus estimate of $4.70 billion. Murphy USA had a return on equity of 91.05% and a net margin of 2.81%.The company’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the company posted $2.63 earnings per share. As a group, equities analysts predict that Murphy USA Inc. will post 31.48 earnings per share for the current fiscal year.

Murphy USA Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Monday, May 18th will be given a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a yield of 0.5%. This is a boost from Murphy USA’s previous quarterly dividend of $0.63. The ex-dividend date is Monday, May 18th. Murphy USA’s dividend payout ratio (DPR) is currently 8.85%.

Insider Transactions at Murphy USA

In related news, SVP Keith A. Emery sold 517 shares of the company’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $574.49, for a total transaction of $297,011.33. Following the completion of the sale, the senior vice president owned 500 shares in the company, valued at approximately $287,245. This represents a 50.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert Madison Murphy sold 41,500 shares of the company’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $596.96, for a total value of $24,773,840.00. Following the sale, the director owned 342,212 shares of the company’s stock, valued at approximately $204,286,875.52. This trade represents a 10.82% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 43,362 shares of company stock worth $25,779,517 in the last three months. 9.02% of the stock is owned by insiders.

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.