Shelton Capital Management Buys New Holdings in Murphy USA Inc (MUSA)
Shelton Capital Management bought a new stake in shares of Murphy USA Inc (NYSE:MUSA) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,631 shares of the specialty retailer’s stock, valued at approximately $211,000.
Other hedge funds have also modified their holdings of the company. Tiedemann Wealth Management LLC raised its holdings in Murphy USA by 9.9% during the 3rd quarter. Tiedemann Wealth Management LLC now owns 17,693 shares of the specialty retailer’s stock valued at $103,000 after acquiring an additional 1,587 shares during the period. Zions Bancorporation bought a new stake in Murphy USA during the 3rd quarter valued at $106,000. State of Alaska Department of Revenue bought a new stake in Murphy USA during the 4th quarter valued at $158,000. Campbell & CO Investment Adviser LLC bought a new stake in Murphy USA during the 3rd quarter valued at $208,000. Finally, Grimes & Company Inc. bought a new stake in Murphy USA during the 4th quarter valued at $223,000. 96.36% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have issued reports on MUSA. Zacks Investment Research raised shares of Murphy USA from a “hold” rating to a “strong-buy” rating and set a $98.00 target price on the stock in a report on Thursday, February 1st. Stephens set a $85.00 target price on shares of Murphy USA and gave the company a “hold” rating in a report on Tuesday, January 16th. Gabelli cut shares of Murphy USA from a “buy” rating to a “hold” rating and set a $92.00 target price on the stock. in a report on Thursday, January 11th. Jefferies Group reissued a “buy” rating and set a $98.00 target price on shares of Murphy USA in a report on Monday, January 8th. Finally, Wells Fargo & Co boosted their target price on shares of Murphy USA and gave the company a “market perform” rating in a report on Thursday, January 4th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. Murphy USA presently has a consensus rating of “Hold” and a consensus price target of $93.25.
Murphy USA (NYSE:MUSA) last released its quarterly earnings results on Wednesday, January 31st. The specialty retailer reported $3.58 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $2.54. The firm had revenue of $3.38 billion during the quarter, compared to analyst estimates of $3.25 billion. Murphy USA had a net margin of 1.91% and a return on equity of 22.69%. The business’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.14 EPS. sell-side analysts anticipate that Murphy USA Inc will post 5.01 earnings per share for the current fiscal year.
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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