Capital Fund Management S.A. Acquires Shares of 27,700 Murphy USA Inc. (MUSA)
Capital Fund Management S.A. purchased a new stake in Murphy USA Inc. (NYSE:MUSA) during the second quarter, according to its most recent 13F filing with the SEC. The fund purchased 27,700 shares of the company’s stock, valued at approximately $2,054,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of MUSA. First Manhattan Co. boosted its position in shares of Murphy USA by 5.2% in the second quarter. First Manhattan Co. now owns 2,010 shares of the company’s stock worth $149,000 after buying an additional 100 shares during the period. LS Investment Advisors LLC boosted its position in shares of Murphy USA by 55.9% in the second quarter. LS Investment Advisors LLC now owns 2,268 shares of the company’s stock worth $168,000 after buying an additional 813 shares during the period. Raymond James Trust N.A. bought a new position in shares of Murphy USA during the second quarter worth about $200,000. IFP Advisors Inc boosted its position 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 worth $216,000 after buying an additional 503 shares during the period. Finally, M&T Bank Corp boosted its position in shares of Murphy USA by 12.1% in the first quarter. M&T Bank Corp now owns 3,857 shares of the company’s stock worth $238,000 after buying an additional 415 shares during the period. 77.70% of the stock is owned by hedge funds and other institutional investors.
Murphy USA Inc. (NYSE:MUSA) traded down 0.08% during mid-day trading on Thursday, hitting $72.50. 220,492 shares of the stock traded hands. Murphy USA Inc. has a 12-month low of $51.68 and a 12-month high of $80.44. The firm has a market cap of $2.84 billion, a PE ratio of 11.59 and a beta of 0.80. The stock has a 50 day moving average price of $73.04 and a 200 day moving average price of $69.57.
Murphy USA (NYSE:MUSA) last announced its earnings results on Wednesday, August 3rd. The company reported $1.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.18. The business earned $3.01 billion during the quarter, compared to analysts’ expectations of $3.15 billion. Murphy USA had a net margin of 2.20% and a return on equity of 22.06%. The firm’s revenue for the quarter was down 13.3% on a year-over-year basis. During the same quarter last year, the company posted $0.59 EPS. On average, analysts expect that Murphy USA Inc. will post $4.71 earnings per share for the current fiscal year.
A number of research analysts have issued reports on the stock. Zacks Investment Research cut shares of Murphy USA from a “hold” rating to a “sell” rating in a report on Thursday. Wells Fargo & Co. reiterated a “buy” rating and issued a $81.00 price target on shares of Murphy USA in a research report on Tuesday, September 20th. Jefferies Group set a $89.00 price target on shares of Murphy USA and gave the company a “buy” rating in a research report on Saturday, October 1st. JPMorgan Chase & Co. lowered shares of 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. Finally, Stephens lowered shares of Murphy USA from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, July 12th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $82.50.
In related news, Director Robert Madison Murphy acquired 6,037 shares of the stock in a transaction on Tuesday, August 9th. The stock was purchased at an average price of $48.68 per share, for a total transaction of $293,881.16. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Malynda K. West sold 9,463 shares of the firm’s stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $77.54, for a total transaction of $733,761.02. Following the completion of the sale, the chief financial officer now owns 55,045 shares of the company’s stock, valued at approximately $4,268,189.30. The disclosure for this sale can be found here. Corporate insiders own 6.98% of the company’s stock.
About Murphy USA
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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