Icon Wealth Advisors LLC Acquires 3,370 Shares of Murphy USA Inc. (NYSE:MUSA)

Icon Wealth Advisors LLC lifted its holdings in Murphy USA Inc. (NYSE:MUSA) by 1,465.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,600 shares of the specialty retailer’s stock after purchasing an additional 3,370 shares during the quarter. Icon Wealth Advisors LLC’s holdings in Murphy USA were worth $1,774,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Mather Group LLC. increased its stake in Murphy USA by 141.4% in the 2nd quarter. Mather Group LLC. now owns 70 shares of the specialty retailer’s stock valued at $33,000 after buying an additional 41 shares during the last quarter. V Square Quantitative Management LLC increased its position in shares of Murphy USA by 40.4% in the third quarter. V Square Quantitative Management LLC now owns 73 shares of the specialty retailer’s stock valued at $36,000 after acquiring an additional 21 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in Murphy USA by 777.8% during the first quarter. EverSource Wealth Advisors LLC now owns 79 shares of the specialty retailer’s stock worth $33,000 after acquiring an additional 70 shares in the last quarter. Key Financial Inc raised its holdings in Murphy USA by 942.9% during the third quarter. Key Financial Inc now owns 146 shares of the specialty retailer’s stock worth $72,000 after acquiring an additional 132 shares in the last quarter. Finally, EntryPoint Capital LLC acquired a new position in Murphy USA during the first quarter valued at approximately $69,000. Institutional investors and hedge funds own 80.81% of the company’s stock.

Analyst Upgrades and Downgrades

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

Murphy USA Stock Up 2.6 %

MUSA opened at $545.10 on Friday. The stock has a fifty day moving average of $497.40 and a 200-day moving average of $485.24. The company has a market capitalization of $11.04 billion, a P/E ratio of 22.49 and a beta of 0.75. Murphy USA Inc. has a fifty-two week low of $350.55 and a fifty-two week high of $552.30. The company has a debt-to-equity ratio of 2.19, a quick ratio of 0.41 and a current ratio of 0.80.

Murphy USA (NYSE:MUSA) last issued its quarterly earnings data on Wednesday, October 30th. The specialty retailer reported $7.20 earnings per share for the quarter, topping the consensus estimate of $6.64 by $0.56. Murphy USA had a net margin of 2.48% and a return on equity of 62.73%. The business had revenue of $5.24 billion during the quarter, compared to analysts’ expectations of $5.54 billion. During the same quarter in the previous year, the company earned $7.69 EPS. The business’s revenue was down 9.6% on a year-over-year basis. On average, equities analysts expect that Murphy USA Inc. will post 23.59 EPS for the current year.

Murphy USA Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 4th will be paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 0.35%. The ex-dividend date of this dividend is Monday, November 4th. This is a positive change from Murphy USA’s previous quarterly dividend of $0.45. Murphy USA’s dividend payout ratio (DPR) is 7.92%.

Insider Buying and Selling at Murphy USA

In other Murphy USA news, Director James W. Keyes sold 2,000 shares of the company’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $511.54, for a total transaction of $1,023,080.00. Following the completion of the sale, the director now directly owns 16,114 shares in the company, valued at $8,242,955.56. This represents a 11.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 9.04% of the company’s stock.

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.