Murphy USA Inc. (MUSA) Stake Raised by Citigroup Inc.
Citigroup Inc. grew its stake in shares of Murphy USA Inc. (NYSE:MUSA) by 514.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,130 shares of the specialty retailer’s stock after buying an additional 5,132 shares during the period. Citigroup Inc.’s holdings in Murphy USA were worth $454,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors also recently added to or reduced their stakes in MUSA. BlackRock Inc. raised its position in shares of Murphy USA by 10,259.5% during 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 during the last quarter. Iridian Asset Management LLC CT raised its position in shares of Murphy USA by 79.5% during the second quarter. Iridian Asset Management LLC CT now owns 2,202,973 shares of the specialty retailer’s stock valued at $163,262,000 after buying an additional 975,880 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Murphy USA by 30.3% during the second quarter. JPMorgan Chase & Co. now owns 1,216,985 shares of the specialty retailer’s stock valued at $90,192,000 after buying an additional 282,812 shares during the last quarter. Marshall Wace North America L.P. bought a new stake in shares of Murphy USA during the second quarter valued at approximately $10,500,000. Finally, HighTower Advisors LLC raised its position in shares of Murphy USA by 15.6% during the first quarter. HighTower Advisors LLC now owns 521,001 shares of the specialty retailer’s stock valued at $38,252,000 after buying an additional 70,307 shares during the last quarter. Hedge funds and other institutional investors own 97.29% of the company’s stock.
Shares of Murphy USA Inc. (NYSE:MUSA) opened at 73.55 on Friday. Murphy USA Inc. has a 12 month low of $57.13 and a 12 month high of $79.98. The company has a market cap of $2.65 billion, a PE ratio of 19.61 and a beta of 0.72. The company has a 50-day moving average of $68.10 and a 200 day moving average of $69.97.
Murphy USA (NYSE:MUSA) last announced its quarterly earnings data on Wednesday, August 2nd. The specialty retailer reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates 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 return on equity of 20.19% and a net margin of 1.15%. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.17 EPS. On average, analysts anticipate that Murphy USA Inc. will post $3.76 earnings per share for the current year.
In other news, EVP Daryl R. Schofield acquired 3,000 shares of the firm’s stock in a transaction on Thursday, August 17th. The shares were bought at an average price of $66.00 per share, for a total transaction of $198,000.00. Following the acquisition, the executive vice president now owns 3,000 shares of the company’s stock, valued at approximately $198,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP John A. Moore sold 1,030 shares of the firm’s stock in a transaction 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 completion of the transaction, the senior vice president now owns 18,169 shares in the company, valued at approximately $1,298,356.74. The disclosure for this sale can be found here. Company insiders own 7.30% of the company’s stock.
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Several equities research analysts have recently issued reports on the stock. BidaskClub upgraded shares of Murphy USA from a “hold” rating to a “buy” rating in a research report on Wednesday. Jefferies Group LLC set a $86.00 price target on shares of Murphy USA and gave the stock a “buy” rating in a research report on Friday, August 4th. Stephens cut shares of Murphy USA from an “overweight” rating to an “equal weight” rating in a research report on Friday, August 4th. Zacks Investment Research cut shares of Murphy USA from a “buy” rating to a “hold” rating in a research report on Tuesday, July 18th. Finally, William Blair started coverage on shares of Murphy USA in a research report on Wednesday, July 12th. They issued a “market perform” rating on the stock. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Murphy USA presently has a consensus rating of “Hold” and a consensus target price of $84.50.
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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