Murphy USA Inc. $MUSA is Horrell Capital Management Inc.’s 7th Largest Position

Horrell Capital Management Inc. trimmed its position in Murphy USA Inc. (NYSE:MUSA) by 8.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,182 shares of the specialty retailer’s stock after selling 2,245 shares during the quarter. Murphy USA makes up approximately 4.1% of Horrell Capital Management Inc.’s portfolio, making the stock its 7th largest position. Horrell Capital Management Inc.’s holdings in Murphy USA were worth $9,777,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its stake in Murphy USA by 423.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 68 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 55 shares during the period. AlphaQuest LLC raised its stake in Murphy USA by 317.6% during the 3rd quarter. AlphaQuest LLC now owns 71 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 54 shares during the period. Golden State Wealth Management LLC lifted its holdings in shares of Murphy USA by 1,925.0% in the second quarter. Golden State Wealth Management LLC now owns 81 shares of the specialty retailer’s stock valued at $33,000 after purchasing an additional 77 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in shares of Murphy USA by 251.6% in the third quarter. Smartleaf Asset Management LLC now owns 109 shares of the specialty retailer’s stock worth $43,000 after buying an additional 78 shares during the period. Finally, American National Bank & Trust purchased a new position in shares of Murphy USA during the third quarter valued at $64,000. 80.81% of the stock is owned by hedge funds and other institutional investors.

Murphy USA Price Performance

Shares of MUSA opened at $384.92 on Wednesday. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.36 and a current ratio of 0.80. The firm has a market cap of $7.15 billion, a PE ratio of 15.85, a PEG ratio of 2.85 and a beta of 0.38. Murphy USA Inc. has a twelve month low of $345.23 and a twelve month high of $523.09. The firm’s 50 day moving average price is $413.77 and its 200 day moving average price is $392.04.

Murphy USA (NYSE:MUSA) last announced its quarterly earnings results on Wednesday, February 4th. The specialty retailer reported $7.53 EPS for the quarter, topping the consensus estimate of $6.67 by $0.86. Murphy USA had a net margin of 2.43% and a return on equity of 75.75%. The company had revenue of $4.74 billion for the quarter, compared to analyst estimates of $4.88 billion. During the same quarter in the prior year, the business posted $6.96 EPS. Murphy USA’s quarterly revenue was up .7% on a year-over-year basis. As a group, research analysts expect that Murphy USA Inc. will post 26.45 EPS for the current fiscal year.

Murphy USA Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 5th. Shareholders of record on Monday, February 23rd will be given a $0.63 dividend. The ex-dividend date of this dividend is Monday, February 23rd. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.7%. Murphy USA’s payout ratio is currently 10.38%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Wells Fargo & Company reduced their price objective on Murphy USA from $410.00 to $400.00 and set an “equal weight” rating for the company in a research note on Friday, February 6th. Royal Bank Of Canada dropped their target price on Murphy USA from $467.00 to $445.00 and set a “sector perform” rating on the stock in a report on Thursday, February 5th. Bank of America started coverage on shares of Murphy USA in a report on Friday, January 9th. They set an “underperform” rating for the company. KeyCorp set a $500.00 price objective on shares of Murphy USA in a research note on Thursday, February 5th. Finally, Zacks Research upgraded shares of Murphy USA from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Murphy USA currently has an average rating of “Hold” and an average target price of $457.50.

Insider Buying and Selling

In other Murphy USA news, SVP Renee M. Bacon sold 1,219 shares of the company’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $386.09, for a total transaction of $470,643.71. Following the completion of the sale, the senior vice president owned 5,927 shares of the company’s stock, valued at $2,288,355.43. This represents a 17.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Malynda K. West sold 4,051 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer owned 117,389 shares in the company, valued at approximately $49,890,325. This trade represents a 3.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 50,918 shares of company stock valued at $19,876,993 over the last 90 days. 10.12% of the stock is currently owned by insiders.

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.