TD Asset Management Inc owns $376,000 stake in Murphy USA Inc. (NYSE:MUSA)

TD Asset Management Inc decreased its position in shares of Murphy USA Inc. (NYSE:MUSA – Free Report) by 38.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 800 shares of the specialty retailer’s stock after selling 500 shares during the period. TD Asset Management Inc’s holdings in Murphy USA were worth $376,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Larson Financial Group LLC purchased a new position in Murphy USA in the second quarter valued at $174,000. CIBC Asset Management Inc raised its holdings in Murphy USA by 5.6% during the second quarter. CIBC Asset Management Inc now owns 580 shares of the specialty retailer’s stock worth $272,000 after purchasing an additional 31 shares in the last quarter. Verus Capital Partners LLC boosted its holdings in Murphy USA by 9.4% in the second quarter. Verus Capital Partners LLC now owns 813 shares of the specialty retailer’s stock worth $382,000 after buying an additional 70 shares in the last quarter. Convergence Investment Partners LLC boosted its holdings in Murphy USA by 50.9% in the second quarter. Convergence Investment Partners LLC now owns 2,590 shares of the specialty retailer’s stock worth $1,216,000 after buying an additional 874 shares in the last quarter. Finally, Resonant Capital Advisors LLC boosted its holdings in Murphy USA by 9.3% during the second quarter. Resonant Capital Advisors LLC now owns 940 shares of the specialty retailer’s stock worth $441,000 after buying an additional 80 shares in the last quarter. 80.81% of the shares are currently owned by institutional investors and hedge funds.

Analysts set new price targets

A number of equities analysts recently weighed in on MUSA shares. Wells Fargo & Company upped their target price on shares of Murphy USA from $540.00 to $560.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. StockNews.com upgraded shares of Murphy USA from a “hold” rating to a “buy” rating in a report on Saturday, August 17th. Royal Bank of Canada lowered their price objective on shares of Murphy USA from $538.00 to $537.00 and set a “sector perform” rating on the stock in a report on Thursday, August 1st. Finally, Raymond James boosted their price objective on shares of Murphy USA from $530.00 to $545.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $469.50, according to MarketBeat.

Check out our latest report on MUSA

Murphy US trading down 0.4%

Shares of MUSA stock opened at $533.25 on Monday. The company has a debt-to-equity ratio of 2.20, a quick ratio of 0.52, and a current ratio of 0.84. The company’s 50-day simple moving average is $505.29, and its 200-day simple moving average is $457.76. Murphy USA Inc. has a 52-week low of $331.46 and a 52-week high of $542.00. The company has a market cap of $11.05 billion, a PE ratio of 22.38 and a beta of 0.77.

Murphy USA (NYSE:MUSA – Get Free Report ) last released its quarterly earnings results on Wednesday, July 31st. The specialty retailer reported $6.92 EPS for the quarter, topping the consensus estimate of $6.91 by $0.01. Murphy USA had a net margin of 2.50% and a return on equity of 64.73%. The company had revenue of $5.45 billion for the quarter, compared to the consensus estimate of $5.69 billion. In the same period last year, the company posted earnings of $6.02 per share. Murphy USA’s revenue was down 2.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Murphy USA Inc. will post 24.43 earnings per share for the current year.

Murphy USA increases dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Monday, August 26th were given a dividend of $0.45 per share. This is an increase from Murphy USA’s previous quarterly dividend of $0.44. The ex-dividend date was Monday, August 26. This represents an annualized dividend of $1.80 and a yield of 0.34%. Murphy USA’s dividend payout ratio is currently 7.55%.

Insider buying and selling

In related news, Director Robert Madison Murphy sold 16,755 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $514.54, for a total transaction of $8,621,117.70. Following the completion of the sale, the director now owns 396,384 shares of the company’s stock, valued at $203,955,423.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. In other news, Director James W. Keyes sold 2,000 shares of the stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $511.54, for a total value of $1,023,080.00. Following the completion of the transaction, the director now owns 16,114 shares of the company’s stock, valued at $8,242,955.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed via this hyperlink. Also, Director Robert Madison Murphy sold 16,755 shares of the stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $514.54, for a total transaction of $8,621,117.70. Following the completion of the transaction, the director now directly owns 396,384 shares of the company’s stock, valued at approximately $203,955,423.36. The disclosure for this sale can be found here. Insiders sold 32,209 shares of company stock worth $16,564,666 in the last quarter. 9.04% of shares are owned by company insiders.

Profile Murphy USA

(Free report)

Murphy USA Inc is engaged in the retail sale of motor fuel and convenience goods. 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 primarily in the Southeast, Southwest and Midwest United States.

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