Principal Financial Group Inc. Murphy USA Inc. (NYSE: MUSA) sold 8,015 shares

According to a Holdings Channel report, Principal Financial Group Inc. During the second quarter, Murphy USA Inc. (NYSE: MUSA – Gate Ratings) by 8.3%. The firm owned 88,845 shares of the specialty retailer’s stock after selling 8,015 shares during the period. Principal Financial Group Inc’s holding in Murphy USA at the end of most recent reporting period was $20,689,000.

Several other hedge funds have also bought and sold shares of the company. BlackRock Inc. increased its position in Murphy USA by 1.4% during the first quarter. After acquiring an additional 35,610 shares during the last quarter, BlackRock Inc. owns 2,670,297 shares of the specialty retailer’s stock valued at $533,953,000. Dimensional Fund Advisors LP increased its position in Murphy USA by 1.1% during the first quarter. Dimensional Fund Advisors LP now owns 752,080 shares of the specialty retailer’s stock valued at $150,387,000 after acquiring an additional 8,450 shares during the last quarter. Victory Capital Management Inc. increased its position in Murphy USA by 0.6% during the first quarter. After acquiring additional 2,679 shares during the last quarter, Victory Capital Management Inc. owns 472,375 shares of the specialty retailer worth $94,730,000. Brown Advisory Inc. increased its position in Murphy USA by 1.4% during the first quarter. After acquiring an additional 4,881 shares during the last quarter, Brown Advisory Inc. now owns 355,605 shares of the specialty retailer’s stock valued at $71,103,000. Finally, Bank of New York Mellon Corp increased shares of Murphy USA by 1.4% in the first quarter. Bank of New York Mellon Corp now owns 290,157 shares of the specialty retailer worth $58,019,000 after buying an additional 4,023 shares during the last quarter. Institutional investors hold 87.52% of the company’s stock.

Analysts set new price targets

Several research analysts have recently commented on shares of Moses. Goldman Sachs Group raised its price target on shares of Murphy USA from $200.00 to $228.00 and gave the stock a “Sell” rating in a report on Wednesday, October 19. Wells Fargo & Company raised their price target on shares of Murphy USA from $230.00 to $270.00 in a report on Friday, July 29. Stephens raised his price target on shares of Murphy USA from $315.00 to $355.00 and gave the stock an “overweight” rating in a report on Friday, October 28. StockNews.com upgraded shares of Murphy USA from a “buy” rating to a “strong-buy” rating in a report on Friday, October 7. Finally, Raymond James raised his price target on shares of Murphy USA from $315.00 to $335.00 and gave the stock an “outperform” rating in a report on Friday, October 28. One research analyst has rated the stock with a Sell rating, one has a Hold rating, two have issued a Buy rating and one has issued a Strong Buy rating on the company’s stock. Murphy USA currently has a consensus rating of “Moderate Buy” and an average price target of $297.00, according to Marketbeat data.

Murphy USA stock up 0.2%

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NYSE:MUSA opened on Tuesday at $289.77. Murphy USA Inc. The 1-Year Low is $164.30 and the 1-Year High is $323.00. The company’s 50-day moving average is $287.18 and 200-day moving average is $271.11. The firm has a market cap of $6.55 billion, a PE ratio of 10.68, and a beta of 0.89. The company has a debt-to-equity ratio of 2.34, current ratio of 1.01 and quick ratio of 0.64.

Murphy USA increases dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record will be paid a $0.35 dividend on Tuesday, November 8th. The ex-dividend date of this dividend is Monday, November 7th. This is a positive change from Murphy USA’s previous quarterly dividend of $0.32. This represents a $1.40 dividend and a yield of 0.48% on an annualized basis. Murphy USA’s dividend payout ratio is 5.16%.

Murphy USA Profile

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Murphy USA Inc. engages in the marketing of retail motor fuel products and convenience merchandise. The company operates retail stores under the Murphy USA, Murphy Express and QuickCheck brands. As of December 31, 2021, it operated 1,679 retail gasoline stores primarily in the Southeast, Southwest and Midwest United States.

Further reading

Want to see what other hedge funds are holding Moses? Murphy USA Inc. (NYSE:MUSA – GATE Ratings) Visit HoldingsChannel.com to get the latest 13F filings and insider trades.

Institutional Ownership by Quarter for Murphy USA (NYSE: MUSA)

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