RPg Family Wealth Advisory LLC Boosts Stock Holdings in Murphy USA Inc. (NYSE:MUSA)

RPg Family Wealth Advisory LLC grew its position in Murphy USA Inc. (NYSE:MUSA) by 2.6% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 14,399 shares of the specialty retailer’s stock after buying an additional 371 shares during the quarter. Murphy USA makes up about 2.0% of RPg Family Wealth Advisory LLC’s portfolio, making the stock its 18th largest holding. RPg Family Wealth Advisory LLC’s holdings in Murphy USA were worth $7,097,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Townsquare Capital LLC boosted its position in Murphy USA by 23.9% during the third quarter. Townsquare Capital LLC now owns 973 shares of the specialty retailer’s stock worth $480,000 after acquiring an additional 188 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of Murphy USA during the 3rd quarter worth approximately $740,000. FMR LLC grew its position in shares of Murphy USA by 6.0% in the third quarter. FMR LLC now owns 1,751,206 shares of the specialty retailer’s stock valued at $863,116,000 after purchasing an additional 99,253 shares in the last quarter. Fisher Asset Management LLC increased its holdings in shares of Murphy USA by 7.3% in the third quarter. Fisher Asset Management LLC now owns 547 shares of the specialty retailer’s stock valued at $270,000 after purchasing an additional 37 shares during the last quarter. Finally, Alpha DNA Investment Management LLC lifted its position in Murphy USA by 14.5% during the third quarter. Alpha DNA Investment Management LLC now owns 1,162 shares of the specialty retailer’s stock worth $573,000 after buying an additional 147 shares in the last quarter. 80.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MUSA has been the subject of several analyst reports. Royal Bank of Canada dropped their target price on Murphy USA from $538.00 to $537.00 and set a “sector perform” rating for the company in a report on Thursday, August 1st. Wells Fargo & Company raised their price objective on shares of Murphy USA from $540.00 to $560.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. StockNews.com lowered shares of Murphy USA from a “buy” rating to a “hold” rating in a report on Saturday, October 26th. Raymond James raised their price target on shares of Murphy USA from $530.00 to $545.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. Finally, JPMorgan Chase & Co. cut Murphy USA from a “neutral” rating to an “underweight” rating and upped their price objective for the company from $415.00 to $435.00 in a report on Thursday, September 19th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Murphy USA presently has a consensus rating of “Hold” and a consensus price target of $495.33.

Murphy USA Stock Performance

Shares of MUSA stock opened at $555.48 on Wednesday. Murphy USA Inc. has a one year low of $350.55 and a one year high of $558.65. The company has a debt-to-equity ratio of 2.19, a quick ratio of 0.41 and a current ratio of 0.80. The firm’s 50 day moving average price is $498.51 and its 200-day moving average price is $489.08. The firm has a market cap of $11.25 billion, a P/E ratio of 22.92 and a beta of 0.75.

Murphy USA (NYSE:MUSA) last released its quarterly earnings results on Wednesday, October 30th. The specialty retailer reported $7.20 EPS for the quarter, topping the consensus estimate 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 last year, the business posted $7.69 earnings per share. The company’s quarterly revenue was down 9.6% on a year-over-year basis. As a group, equities research analysts predict that Murphy USA Inc. will post 23.59 EPS for the current year.

Murphy USA Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 4th will be given a $0.48 dividend. This is an increase from Murphy USA’s previous quarterly dividend of $0.45. This represents a $1.92 annualized dividend and a yield of 0.35%. The ex-dividend date is Monday, November 4th. Murphy USA’s payout ratio is currently 7.92%.

Murphy USA 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.