ING Groep NV bought a new position in Murphy USA Inc (NYSE:MUSA) during the second quarter, Holdings Channel reports. The fund bought 4,205 shares of the specialty retailer’s stock, valued at approximately $312,000.

Several other hedge funds also recently bought and sold shares of the company. Norges Bank bought a new stake in Murphy USA during the fourth quarter worth $19,206,000. Quadrature Capital Ltd bought a new stake in Murphy USA during the fourth quarter worth $211,000. CENTRAL TRUST Co boosted its stake in Murphy USA by 37.0% in the first quarter. CENTRAL TRUST Co now owns 4,571 shares of the specialty retailer’s stock worth $336,000 after buying an additional 1,235 shares during the last quarter. Raymond James Trust N.A. bought a new stake in Murphy USA during the first quarter worth $241,000. Finally, Bank of Montreal Can boosted its stake in Murphy USA by 324.1% in the first quarter. Bank of Montreal Can now owns 114,068 shares of the specialty retailer’s stock worth $8,374,000 after buying an additional 87,174 shares during the last quarter. 97.90% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Murphy USA Inc (NYSE MUSA) traded down 1.82% during trading on Thursday, hitting $68.59. 179,608 shares of the stock were exchanged. The firm has a market capitalization of $2.47 billion, a price-to-earnings ratio of 18.29 and a beta of 0.68. Murphy USA Inc has a 52 week low of $57.13 and a 52 week high of $79.98. The stock’s 50 day moving average price is $73.04 and its 200 day moving average price is $69.52.

Murphy USA (NYSE:MUSA) last announced its quarterly earnings results on Wednesday, August 2nd. The specialty retailer reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.42. The business had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.27 billion. Murphy USA had a net margin of 1.73% and a return on equity of 32.93%. The company’s revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.17 EPS. On average, equities analysts predict that Murphy USA Inc will post $3.76 earnings per share for the current year.

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A number of analysts have weighed in on MUSA shares. Zacks Investment Research cut shares of Murphy USA from a “hold” rating to a “sell” rating in a research note on Wednesday, April 12th. Wells Fargo & Company cut shares of Murphy USA from an “outperform” rating to a “market perform” rating in a research note on Tuesday, April 18th. Stephens decreased their target price on shares of Murphy USA from $82.00 to $76.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 3rd. Jefferies Group LLC decreased their target price on shares of Murphy USA from $78.00 to $77.00 and set a “buy” rating on the stock in a research note on Wednesday, May 3rd. Finally, BidaskClub raised shares of Murphy USA from a “hold” rating to a “buy” rating in a research note on Tuesday, June 20th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $83.25.

In other news, SVP John A. Moore sold 1,030 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $71.46, for a total value 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. 7.30% of the stock is owned by company insiders.

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

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