Elevation Point Wealth Partners LLC Buys New Shares in Murphy USA Inc. $MUSA

Elevation Point Wealth Partners LLC purchased a new stake in shares of Murphy USA Inc. (NYSE:MUSA) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 987 shares of the specialty retailer’s stock, valued at approximately $532,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. GAMMA Investing LLC lifted its position in shares of Murphy USA by 1.2% during the 2nd quarter. GAMMA Investing LLC now owns 1,625 shares of the specialty retailer’s stock valued at $876,000 after buying an additional 19 shares in the last quarter. Kenora Financial LLC grew its stake in shares of Murphy USA by 3.3% during the 1st quarter. Kenora Financial LLC now owns 654 shares of the specialty retailer’s stock valued at $323,000 after acquiring an additional 21 shares during the period. Enhancing Capital LLC increased its holdings in Murphy USA by 2.1% in the 4th quarter. Enhancing Capital LLC now owns 1,132 shares of the specialty retailer’s stock worth $457,000 after acquiring an additional 23 shares in the last quarter. Fifth Third Wealth Advisors LLC increased its holdings in Murphy USA by 3.0% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 864 shares of the specialty retailer’s stock worth $427,000 after acquiring an additional 25 shares in the last quarter. Finally, NewEdge Advisors LLC raised its stake in Murphy USA by 1.9% during the 3rd quarter. NewEdge Advisors LLC now owns 1,470 shares of the specialty retailer’s stock worth $571,000 after acquiring an additional 28 shares during the period. Hedge funds and other institutional investors own 80.81% of the company’s stock.

Insiders Place Their Bets

In related news, Director Rosemary Turner sold 966 shares of the firm’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $571.88, for a total transaction of $552,436.08. Following the completion of the transaction, the director directly owned 449 shares of the company’s stock, valued at approximately $256,774.12. This trade represents a 68.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Diane N. Landen sold 3,000 shares of the firm’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $547.25, for a total transaction of $1,641,750.00. Following the transaction, the director directly owned 53,841 shares of the company’s stock, valued at $29,464,487.25. The trade was a 5.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 9.02% of the stock is currently owned by corporate insiders.

Murphy USA Stock Down 3.9%

NYSE MUSA opened at $545.68 on Wednesday. The stock’s 50 day moving average is $575.60 and its 200 day moving average is $521.55. The company has a current ratio of 0.92, a quick ratio of 0.54 and a debt-to-equity ratio of 2.77. Murphy USA Inc. has a 12 month low of $349.83 and a 12 month high of $636.04. The stock has a market cap of $10.08 billion, a PE ratio of 16.62, a P/E/G ratio of 1.67 and a beta of 0.28.

Murphy USA (NYSE:MUSA) last posted its quarterly earnings results on Wednesday, August 5th. The specialty retailer reported $11.27 earnings per share for the quarter, topping the consensus estimate of $9.95 by $1.32. Murphy USA had a return on equity of 96.01% and a net margin of 2.87%.The business had revenue of $6.81 billion during the quarter, compared to the consensus estimate of $6.03 billion. During the same period in the prior year, the company posted $7.36 EPS. The firm’s revenue for the quarter was up 36.0% compared to the same quarter last year. Research analysts predict that Murphy USA Inc. will post 33.84 EPS for the current fiscal year.

Murphy USA Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Monday, August 24th will be given a dividend of $0.65 per share. This is a positive change from Murphy USA’s previous quarterly dividend of $0.64. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Monday, August 24th. Murphy USA’s dividend payout ratio (DPR) is currently 7.92%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $619.00 price target on shares of Murphy USA in a report on Wednesday, July 29th. JPMorgan Chase & Co. decreased their price objective on shares of Murphy USA from $655.00 to $633.00 and set an “overweight” rating on the stock in a research report on Friday, August 7th. Weiss Ratings upgraded shares of Murphy USA from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, August 11th. Capital One Financial initiated coverage on shares of Murphy USA in a research note on Monday, June 22nd. They set an “overweight” rating and a $710.00 target price on the stock. Finally, Wells Fargo & Company upped their target price on shares of Murphy USA from $520.00 to $570.00 and gave the stock an “equal weight” rating in a report on Monday, July 20th. Six equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $606.89.

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.