Murphy USA Inc. (MUSA) Stake Boosted by Principal Financial Group Inc.
Principal Financial Group Inc. raised its stake in Murphy USA Inc. (NYSE:MUSA) by 2.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 418,288 shares of the company’s stock after buying an additional 10,535 shares during the period. Principal Financial Group Inc. owned approximately 1.07% of Murphy USA worth $31,021,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in the company. Norges Bank acquired a new stake in shares of Murphy USA during the fourth quarter valued at about $42,754,000. Aperio Group LLC increased its stake in shares of Murphy USA by 5.9% in the first quarter. Aperio Group LLC now owns 16,662 shares of the company’s stock valued at $1,024,000 after buying an additional 929 shares during the period. Virginia Retirement System acquired a new stake in shares of Murphy USA during the first quarter valued at about $1,315,000. IFP Advisors Inc increased its stake in shares of Murphy USA by 16.7% in the first quarter. IFP Advisors Inc now owns 3,516 shares of the company’s stock valued at $216,000 after buying an additional 503 shares during the period. Finally, Pacad Investment Ltd. acquired a new stake in shares of Murphy USA during the first quarter valued at about $903,000. Institutional investors own 77.70% of the company’s stock.
Shares of Murphy USA Inc. (NYSE:MUSA) traded up 0.15% on Friday, reaching $72.44. The company had a trading volume of 42,252 shares. The stock has a 50-day moving average price of $74.33 and a 200-day moving average price of $69.05. The stock has a market cap of $2.84 billion, a PE ratio of 11.58 and a beta of 0.79. Murphy USA Inc. has a 12 month low of $51.68 and a 12 month high of $80.44.
Murphy USA (NYSE:MUSA) last announced its earnings results on Wednesday, August 3rd. The company reported $1.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.18. Murphy USA had a return on equity of 22.06% and a net margin of 2.20%. The firm had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $3.15 billion. During the same period in the previous year, the business earned $0.59 EPS. The business’s quarterly revenue was down 13.3% compared to the same quarter last year. Analysts predict that Murphy USA Inc. will post $4.73 earnings per share for the current fiscal year.
Several research analysts have recently weighed in on the company. Jefferies Group upped their price objective on Murphy USA from $76.00 to $82.00 and gave the stock a “buy” rating in a research report on Thursday, June 9th. Stephens cut Murphy USA from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, July 12th. JPMorgan Chase & Co. cut Murphy USA from an “overweight” rating to a “neutral” rating and increased their price target for the company from $75.00 to $85.00 in a research report on Monday, August 1st. Wells Fargo & Co. reissued a “buy” rating and set a $81.00 price target on shares of Murphy USA in a research report on Tuesday. Finally, Zacks Investment Research cut Murphy USA from a “strong-buy” rating to a “hold” rating in a research report on Friday. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $82.75.
In other news, Director Robert Madison Murphy bought 5,649 shares of the firm’s stock in a transaction that occurred on Monday, August 8th. The stock was acquired at an average cost of $48.68 per share, with a total value of $274,993.32. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP John A. Moore sold 5,290 shares of the business’s stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $78.05, for a total value of $412,884.50. Following the completion of the sale, the senior vice president now directly owns 21,590 shares of the company’s stock, valued at $1,685,099.50. The disclosure for this sale can be found here. 6.98% of the stock is owned by insiders.
Murphy USA Company Profile
Murphy USA Inc (Murphy USA) is engaged in the marketing of retail motor fuel products and convenience 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. Its retail stores are located in over 20 states, in the Southwest, Southeast and Midwest United States.
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