Murphy USA Inc. (MUSA) Position Lowered by Swiss National Bank
Swiss National Bank decreased its holdings in Murphy USA Inc. (NYSE:MUSA) by 9.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 58,367 shares of the specialty retailer’s stock after selling 5,900 shares during the quarter. Swiss National Bank owned approximately 0.16% of Murphy USA worth $4,326,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. NGAM Advisors L.P. lifted its stake in shares of Murphy USA by 6.0% in the second quarter. NGAM Advisors L.P. now owns 25,752 shares of the specialty retailer’s stock worth $1,908,000 after acquiring an additional 1,462 shares in the last quarter. Fifth Third Bancorp lifted its stake in shares of 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 acquiring an additional 441 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in shares of Murphy USA by 4.4% in the first quarter. Public Employees Retirement System of Ohio now owns 26,959 shares of the specialty retailer’s stock worth $1,979,000 after acquiring an additional 1,147 shares in the last quarter. Virginia Retirement Systems ET AL lifted its stake in shares of Murphy USA by 6.5% in the second quarter. Virginia Retirement Systems ET AL now owns 37,900 shares of the specialty retailer’s stock worth $2,809,000 after acquiring an additional 2,300 shares in the last quarter. Finally, King Luther Capital Management Corp lifted its stake in shares of Murphy USA by 5.1% in the first quarter. King Luther Capital Management Corp now owns 22,164 shares of the specialty retailer’s stock worth $1,627,000 after acquiring an additional 1,080 shares in the last quarter. Institutional investors and hedge funds own 97.29% of the company’s stock.
Several research analysts recently commented on the company. BidaskClub upgraded Murphy USA from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. Zacks Investment Research upgraded Murphy USA from a “strong sell” rating to a “hold” rating and set a $83.00 price target on the stock in a research note on Saturday, July 1st. Stephens boosted their price target on Murphy USA from $76.00 to $83.00 and gave the stock an “overweight” rating in a research note on Friday, June 30th. Jefferies Group LLC reiterated a “buy” rating and issued a $83.00 price target (up previously from $77.00) on shares of Murphy USA in a research note on Monday, July 17th. Finally, William Blair assumed coverage on Murphy USA in a research note on Wednesday, July 12th. They issued a “market perform” rating on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. Murphy USA presently has a consensus rating of “Hold” and a consensus price target of $84.00.
Murphy USA Inc. (MUSA) opened at 68.00 on Friday. The firm has a market cap of $2.45 billion, a PE ratio of 18.13 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 issued its quarterly 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. The company had revenue of $3.21 billion for the quarter, compared to the consensus estimate of $3.27 billion. Murphy USA had a return on equity of 20.19% and a net margin of 1.15%. The firm’s revenue was up 6.9% compared to the same quarter last year. During the same period last year, the business posted $1.17 earnings per share. On average, equities research analysts forecast that Murphy USA Inc. will post $3.69 earnings per share for the current year.
In other news, SVP John A. Moore sold 1,030 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $71.46, for a total value of $73,603.80. Following the sale, the senior vice president now directly owns 18,169 shares of the company’s stock, valued at $1,298,356.74. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Daryl R. Schofield purchased 3,000 shares of the stock in a transaction dated Thursday, August 17th. The stock was acquired at an average cost of $66.00 per share, for a total transaction of $198,000.00. Following the completion of 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. Company insiders own 7.30% of the company’s stock.
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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