Hussman Strategic Advisors Inc. Has $148,000 Stake in Murphy USA Inc. (MUSA)
Hussman Strategic Advisors Inc. continued to hold its position in Murphy USA Inc. (NYSE:MUSA) during the second quarter, Holdings Channel reports. The firm owned 2,000 shares of the specialty retailer’s stock at the end of the second quarter. Hussman Strategic Advisors Inc.’s holdings in Murphy USA were worth $148,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of MUSA. BlackRock Inc. increased its position in Murphy USA by 10,259.5% in the first quarter. BlackRock Inc. now owns 3,001,041 shares of the specialty retailer’s stock valued at $220,335,000 after buying an additional 2,972,072 shares in the last quarter. Iridian Asset Management LLC CT acquired a new position in Murphy USA during the first quarter valued at $90,093,000. JPMorgan Chase & Co. increased its position in Murphy USA by 344.3% in the first quarter. JPMorgan Chase & Co. now owns 934,173 shares of the specialty retailer’s stock valued at $68,589,000 after buying an additional 723,910 shares in the last quarter. Cambiar Investors LLC acquired a new position in Murphy USA during the first quarter valued at $23,742,000. Finally, Norges Bank acquired a new position in Murphy USA during the fourth quarter valued at $19,206,000. 97.90% of the stock is currently owned by institutional investors and hedge funds.
Shares of Murphy USA Inc. (NYSE:MUSA) opened at 70.93 on Wednesday. Murphy USA Inc. has a 52-week low of $57.13 and a 52-week high of $79.98. The firm has a market capitalization of $3.32 billion, a PE ratio of 18.91 and a beta of 0.68. The company’s 50-day moving average is $73.09 and its 200 day moving average is $69.30.
Murphy USA (NYSE:MUSA) last released its earnings results on Wednesday, August 2nd. The specialty retailer reported $1.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.09 by $0.42. The company had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.27 billion. Murphy USA had a net margin of 1.15% and a return on equity of 20.19%. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.17 EPS. Equities analysts expect that Murphy USA Inc. will post $3.72 earnings per share for the current fiscal year.
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MUSA has been the topic of several research reports. Zacks Investment Research downgraded shares of Murphy USA from a “hold” rating to a “sell” rating in a research note on Wednesday, April 12th. BidaskClub upgraded shares of Murphy USA from a “hold” rating to a “buy” rating in a research report on Tuesday, June 20th. Wells Fargo & Company cut shares of Murphy USA from an “outperform” rating to a “market perform” rating in a research report on Tuesday, April 18th. Stephens cut their price objective on shares of Murphy USA from $82.00 to $76.00 and set an “overweight” rating for the company in a research report on Wednesday, May 3rd. Finally, Jefferies Group LLC cut their price objective on shares of Murphy USA from $78.00 to $77.00 and set a “buy” rating for the company in a research report on Wednesday, May 3rd. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $83.25.
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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