Envestnet Asset Management Inc. Has $51.52 Million Stock Position in Murphy USA Inc. $MUSA

Envestnet Asset Management Inc. grew its position in Murphy USA Inc. (NYSE:MUSA) by 3.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 132,705 shares of the specialty retailer’s stock after purchasing an additional 4,468 shares during the period. Envestnet Asset Management Inc. owned about 0.71% of Murphy USA worth $51,524,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. NewEdge Advisors LLC raised its position in Murphy USA by 10.2% during the first quarter. NewEdge Advisors LLC now owns 1,685 shares of the specialty retailer’s stock valued at $792,000 after acquiring an additional 156 shares in the last quarter. Ameritas Advisory Services LLC bought a new position in shares of Murphy USA during the 2nd quarter valued at $29,000. Blair William & Co. IL acquired a new stake in shares of Murphy USA in the 2nd quarter valued at $349,000. Fifth Third Wealth Advisors LLC lifted its stake in shares of Murphy USA by 8.0% in the 2nd quarter. Fifth Third Wealth Advisors LLC now owns 638 shares of the specialty retailer’s stock valued at $260,000 after purchasing an additional 47 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its holdings in Murphy USA by 8.5% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 2,205 shares of the specialty retailer’s stock worth $902,000 after purchasing an additional 173 shares in the last quarter. 80.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Murphy USA

In other news, CEO R Andrew Clyde sold 24,733 shares of the business’s stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $381.33, for a total transaction of $9,431,434.89. Following the sale, the chief executive officer directly owned 131,024 shares in the company, valued at approximately $49,963,381.92. The trade was a 15.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Malynda K. West sold 4,051 shares of the firm’s stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $425.00, for a total value of $1,721,675.00. Following the completion of the transaction, the chief executive officer directly owned 117,389 shares of the company’s stock, valued at approximately $49,890,325. This trade represents a 3.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 49,001 shares of company stock valued at $19,134,872. Insiders own 10.12% of the company’s stock.

Analyst Ratings Changes

MUSA has been the subject of a number of analyst reports. KeyCorp set a $500.00 price target on Murphy USA in a research report on Thursday. Bank of America began coverage on Murphy USA in a research note on Friday, January 9th. They issued an “underperform” rating on the stock. Royal Bank Of Canada reduced their target price on Murphy USA from $467.00 to $445.00 and set a “sector perform” rating for the company in a report on Thursday, February 5th. Stephens lowered their price target on Murphy USA from $475.00 to $450.00 and set an “overweight” rating on the stock in a report on Friday. Finally, Zacks Research upgraded shares of Murphy USA from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $457.50.

Murphy USA Price Performance

NYSE:MUSA opened at $368.77 on Tuesday. The company has a debt-to-equity ratio of 3.47, a current ratio of 0.80 and a quick ratio of 0.36. Murphy USA Inc. has a one year low of $345.23 and a one year high of $523.09. The company has a fifty day moving average price of $414.18 and a 200 day moving average price of $392.46. The stock has a market cap of $6.85 billion, a P/E ratio of 15.19, a PEG ratio of 3.31 and a beta of 0.38.

Murphy USA (NYSE:MUSA) last posted its quarterly earnings data on Wednesday, February 4th. The specialty retailer reported $7.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.67 by $0.86. The company had revenue of $4.74 billion for the quarter, compared to the consensus estimate of $4.88 billion. Murphy USA had a net margin of 2.43% and a return on equity of 75.75%. The business’s revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $6.96 EPS. Analysts anticipate that Murphy USA Inc. will post 26.45 earnings per share for the current year.

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.