Stephens Inc. AR Grows Position in Murphy USA Inc. (MUSA)
Stephens Inc. AR increased its position in Murphy USA Inc. (NYSE:MUSA) by 4.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,219 shares of the specialty retailer’s stock after acquiring an additional 242 shares during the period. Stephens Inc. AR’s holdings in Murphy USA were worth $461,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Great West Life Assurance Co. Can lifted its stake in Murphy USA by 0.8% in the 1st quarter. Great West Life Assurance Co. Can now owns 29,850 shares of the specialty retailer’s stock valued at $2,191,000 after buying an additional 243 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Murphy USA by 1.9% in the 1st quarter. Bank of New York Mellon Corp now owns 429,750 shares of the specialty retailer’s stock valued at $31,552,000 after buying an additional 7,941 shares in the last quarter. Suntrust Banks Inc. lifted its stake in Murphy USA by 3.3% in the 1st quarter. Suntrust Banks Inc. now owns 8,291 shares of the specialty retailer’s stock valued at $607,000 after buying an additional 268 shares in the last quarter. Comerica Bank lifted its stake in Murphy USA by 2.6% in the 1st quarter. Comerica Bank now owns 26,038 shares of the specialty retailer’s stock valued at $1,852,000 after buying an additional 661 shares in the last quarter. Finally, World Asset Management Inc purchased a new stake in Murphy USA in the 1st quarter valued at approximately $245,000. Institutional investors and hedge funds own 97.29% of the company’s stock.
In other Murphy USA news, SVP John A. Moore sold 1,030 shares of Murphy USA stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $71.46, for a total value of $73,603.80. Following the transaction, the senior vice president now owns 18,169 shares in the company, valued at $1,298,356.74. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Daryl R. Schofield purchased 3,000 shares of the firm’s stock in a transaction on Thursday, August 17th. The stock was acquired at an average price of $66.00 per share, for a total transaction of $198,000.00. Following the transaction, the executive vice president now owns 3,000 shares of the company’s stock, valued at approximately $198,000. The disclosure for this purchase can be found here. Insiders own 7.30% of the company’s stock.
A number of research firms recently issued reports on MUSA. BidaskClub lowered Murphy USA from a “buy” rating to a “hold” rating in a research note on Sunday, August 6th. Jefferies Group LLC set a $86.00 target price on Murphy USA and gave the company a “buy” rating in a research note on Friday, August 4th. Zacks Investment Research raised Murphy USA from a “strong sell” rating to a “hold” rating and set a $83.00 target price on the stock in a research note on Saturday, July 1st. William Blair began coverage on Murphy USA in a research note on Wednesday, July 12th. They issued a “market perform” rating on the stock. Finally, Stephens upped their target price on Murphy USA from $76.00 to $83.00 and gave the company an “overweight” rating in a research note on Friday, June 30th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $83.25.
Shares of Murphy USA Inc. (NYSE MUSA) opened at 66.18 on Wednesday. The stock has a market cap of $2.39 billion, a price-to-earnings ratio of 17.65 and a beta of 0.71. The company has a 50-day moving average price of $67.67 and a 200-day moving average price of $69.79. Murphy USA Inc. has a 1-year low of $57.13 and a 1-year high of $79.98.
Murphy USA (NYSE:MUSA) last posted its quarterly earnings results on Wednesday, August 2nd. The specialty retailer reported $1.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.09 by $0.42. The firm 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% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.17 earnings per share. On average, equities analysts expect that Murphy USA Inc. will post $3.69 earnings per share for the current fiscal year.
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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