Signature Financial Management Inc. decreased its position in shares of Murphy USA Inc. (NYSE:MUSA) by 0.4% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 84,726 shares of the specialty retailer’s stock after selling 361 shares during the period. Murphy USA comprises 2.0% of Signature Financial Management Inc.’s holdings, making the stock its 11th largest position. Signature Financial Management Inc.’s holdings in Murphy USA were worth $6,278,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Fifth Third Bancorp boosted its position in Murphy USA by 29.3% in the first quarter. Fifth Third Bancorp now owns 1,945 shares of the specialty retailer’s stock worth $143,000 after buying an additional 441 shares during the period. Nomura Asset Management Co. Ltd. boosted its position in Murphy USA by 8.0% in the first quarter. Nomura Asset Management Co. Ltd. now owns 2,160 shares of the specialty retailer’s stock worth $159,000 after buying an additional 160 shares during the period. Victory Capital Management Inc. boosted its position in Murphy USA by 49.0% in the first quarter. Victory Capital Management Inc. now owns 2,232 shares of the specialty retailer’s stock worth $164,000 after buying an additional 734 shares during the period. Grimes & Company Inc. purchased a new position in Murphy USA during the first quarter worth $204,000. Finally, LS Investment Advisors LLC boosted its position in Murphy USA by 13.4% in the second quarter. LS Investment Advisors LLC now owns 2,896 shares of the specialty retailer’s stock worth $215,000 after buying an additional 343 shares during the period. Institutional investors own 97.90% of the company’s stock.

Shares of Murphy USA Inc. (NYSE MUSA) opened at 69.36 on Friday. Murphy USA Inc. has a 52 week low of $57.13 and a 52 week high of $79.98. The firm has a 50-day moving average of $72.95 and a 200 day moving average of $69.56. The stock has a market cap of $2.50 billion, a PE ratio of 18.50 and a beta of 0.68.

Murphy USA (NYSE:MUSA) last announced its earnings results on Wednesday, August 2nd. The specialty retailer reported $1.51 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 for the quarter, compared to analyst estimates of $3.27 billion. During the same quarter last year, the business earned $1.17 earnings per share. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. On average, equities analysts forecast that Murphy USA Inc. will post $3.76 EPS for the current fiscal year.

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A number of research analysts recently weighed in on the stock. Stephens cut shares of Murphy USA from an “overweight” rating to an “equal weight” rating in a research note on Friday, August 4th. Jefferies Group LLC restated a “buy” rating and set a $83.00 target price (up previously from $77.00) on shares of Murphy USA in a research note on Monday, July 17th. BidaskClub upgraded shares of Murphy USA from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. William Blair assumed coverage on shares of Murphy USA in a research note on Wednesday, July 12th. They set a “market perform” rating on the stock. Finally, Zacks Investment Research cut shares of Murphy USA from a “buy” rating to a “hold” rating in a research note on Tuesday, July 18th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Murphy USA has an average rating of “Hold” and a consensus target price of $83.25.

In other news, SVP John A. Moore sold 1,030 shares of Murphy USA 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 sale, the senior vice president now owns 18,169 shares in the company, valued at $1,298,356.74. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 7.30% of the stock is owned by company insiders.

About Murphy USA

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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