Teachers Advisors LLC lowered its position in shares of Murphy USA Inc. (NYSE:MUSA) by 23.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,161 shares of the specialty retailer’s stock after selling 12,680 shares during the period. Teachers Advisors LLC owned 0.11% of Murphy USA worth $3,050,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in the business. South State Corp grew its stake in Murphy USA by 7.6% in the 2nd quarter. South State Corp now owns 9,527 shares of the specialty retailer’s stock worth $706,000 after buying an additional 675 shares in the last quarter. Raymond James Trust N.A. grew its stake in Murphy USA by 12.9% in the 2nd quarter. Raymond James Trust N.A. now owns 3,701 shares of the specialty retailer’s stock worth $274,000 after buying an additional 423 shares in the last quarter. Stephens Inc. AR grew its stake in Murphy USA by 4.0% in the 2nd quarter. Stephens Inc. AR now owns 6,219 shares of the specialty retailer’s stock worth $461,000 after buying an additional 242 shares in the last quarter. Aberdeen Asset Management PLC UK grew its stake in Murphy USA by 129.0% in the 2nd quarter. Aberdeen Asset Management PLC UK now owns 26,812 shares of the specialty retailer’s stock worth $1,987,000 after buying an additional 15,103 shares in the last quarter. Finally, Northwestern Mutual Investment Management Company LLC grew its stake in Murphy USA by 7.0% in the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 6,394 shares of the specialty retailer’s stock worth $474,000 after buying an additional 417 shares in the last quarter. 97.29% of the stock is owned by institutional investors and hedge funds.
In other Murphy USA news, SVP John A. Moore sold 1,030 shares of the stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $71.46, for a total transaction of $73,603.80. Following the completion of the sale, the senior vice president now directly owns 18,169 shares of the company’s stock, valued at approximately $1,298,356.74. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Daryl R. Schofield acquired 3,000 shares of the business’s stock in a transaction on Thursday, August 17th. The shares were bought at an average cost of $66.00 per share, with a total value of $198,000.00. Following the completion of the acquisition, the executive vice president now owns 3,000 shares in the company, valued at $198,000. The disclosure for this purchase can be found here. Company insiders own 7.30% of the company’s stock.
A number of research firms have commented on MUSA. BidaskClub raised shares of Murphy USA from a “hold” rating to a “buy” rating in a research note on Wednesday, October 11th. Jefferies Group LLC set a $86.00 price target on shares of Murphy USA and gave the stock a “buy” rating in a research note on Friday, August 4th. Stephens cut shares of Murphy USA from an “overweight” rating to an “equal weight” rating in a research note on Friday, August 4th. Zacks Investment Research cut shares of Murphy USA from a “buy” rating to a “hold” rating in a research note on Tuesday, July 18th. Finally, William Blair began coverage on shares of Murphy USA in a research note on Wednesday, July 12th. They issued a “market perform” rating for the company. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $84.50.
Shares of Murphy USA Inc. (NYSE MUSA) opened at 73.47 on Wednesday. The stock has a 50 day moving average of $68.10 and a 200-day moving average of $69.95. Murphy USA Inc. has a one year low of $57.13 and a one year high of $79.98. The company has a market capitalization of $2.65 billion, a price-to-earnings ratio of 19.59 and a beta of 0.72.
Murphy USA (NYSE:MUSA) last announced its quarterly earnings data on Wednesday, August 2nd. The specialty retailer reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.42. Murphy USA had a net margin of 1.15% and a return on equity of 20.19%. The business had revenue of $3.21 billion during the quarter, compared to analyst estimates of $3.27 billion. During the same period last year, the firm posted $1.17 EPS. The company’s revenue was up 6.9% on a year-over-year basis. On average, equities analysts expect that Murphy USA Inc. will post $3.76 earnings per share for the current year.
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Murphy USA Company Profile
Murphy USA Inc is engaged in the marketing of retail motor fuel products and merchandise through a chain of retail stores. The Company operates through the Marketing segment. The Marketing segment includes its retail marketing sites and product supply, and wholesale assets. As of December 31, 2016, its retail stores were located in 26 states, primarily in the Southwest, Southeast and Midwest the United States.
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