Police & Firemen s Retirement System of New Jersey Acquires 235 Shares of Murphy USA Inc. $MUSA

Police & Firemen s Retirement System of New Jersey increased its holdings in Murphy USA Inc. (NYSE:MUSA) by 3.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,891 shares of the specialty retailer’s stock after acquiring an additional 235 shares during the quarter. Police & Firemen s Retirement System of New Jersey’s holdings in Murphy USA were worth $2,803,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Independent Advisor Alliance raised its holdings in Murphy USA by 4.9% in the 1st quarter. Independent Advisor Alliance now owns 489 shares of the specialty retailer’s stock worth $230,000 after purchasing an additional 23 shares in the last quarter. Vista Finance LLC increased its position in shares of Murphy USA by 4.0% during the second quarter. Vista Finance LLC now owns 646 shares of the specialty retailer’s stock valued at $263,000 after buying an additional 25 shares during the period. US Bancorp DE raised its stake in Murphy USA by 0.7% in the first quarter. US Bancorp DE now owns 4,473 shares of the specialty retailer’s stock worth $2,101,000 after buying an additional 29 shares in the last quarter. Fortune Financial Advisors LLC raised its stake in Murphy USA by 1.6% in the second quarter. Fortune Financial Advisors LLC now owns 1,821 shares of the specialty retailer’s stock worth $741,000 after buying an additional 29 shares in the last quarter. Finally, TCTC Holdings LLC lifted its holdings in Murphy USA by 116.7% in the first quarter. TCTC Holdings LLC now owns 65 shares of the specialty retailer’s stock worth $31,000 after buying an additional 35 shares during the period. 80.81% of the stock is owned by hedge funds and other institutional investors.

Murphy USA Stock Up 3.0%

Shares of Murphy USA stock opened at $369.09 on Wednesday. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.40 and a current ratio of 0.81. The stock has a market capitalization of $6.91 billion, a PE ratio of 15.57 and a beta of 0.39. Murphy USA Inc. has a 52-week low of $345.23 and a 52-week high of $561.08. The company has a 50-day simple moving average of $378.52 and a two-hundred day simple moving average of $400.84.

Murphy USA (NYSE:MUSA) last posted its quarterly earnings results on Wednesday, October 29th. The specialty retailer reported $7.25 EPS for the quarter, beating analysts’ consensus estimates of $6.60 by $0.65. Murphy USA had a net margin of 2.43% and a return on equity of 69.87%. The firm had revenue of $5.11 billion for the quarter, compared to analysts’ expectations of $5.11 billion. During the same quarter in the prior year, the company posted $7.20 earnings per share. The business’s revenue for the quarter was down 2.5% on a year-over-year basis. On average, analysts anticipate that Murphy USA Inc. will post 26.45 EPS for the current fiscal year.

Murphy USA Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 10th will be paid a $0.63 dividend. This is an increase from Murphy USA’s previous quarterly dividend of $0.53. This represents a $2.52 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Monday, November 10th. Murphy USA’s dividend payout ratio (DPR) is presently 10.63%.

Analyst Ratings Changes

MUSA has been the topic of a number of research analyst reports. Jefferies Financial Group downgraded Murphy USA from a “buy” rating to a “hold” rating and set a $350.00 target price on the stock. in a report on Friday, August 1st. KeyCorp dropped their price target on Murphy USA from $480.00 to $460.00 and set an “overweight” rating on the stock in a research report on Thursday, October 23rd. Zacks Research raised Murphy USA from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. Wells Fargo & Company started coverage on Murphy USA in a research report on Wednesday, October 15th. They set an “equal weight” rating and a $405.00 price objective for the company. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Murphy USA in a research note on Thursday, November 13th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $474.00.

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.