GHP Investment Advisors Inc. acquired a new position in shares of Murphy USA Inc (NYSE:MUSA) during the 3rd quarter, HoldingsChannel reports. The fund acquired 2,512 shares of the specialty retailer’s stock, valued at approximately $215,000.

Several other hedge funds also recently made changes to their positions in the company. BlackRock Inc. lifted its holdings in shares of Murphy USA by 26.7% during the 2nd quarter. BlackRock Inc. now owns 3,461,833 shares of the specialty retailer’s stock worth $257,179,000 after acquiring an additional 729,948 shares during the period. Dimensional Fund Advisors LP raised its holdings in Murphy USA by 4.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,191,895 shares of the specialty retailer’s stock valued at $88,548,000 after buying an additional 45,928 shares during the period. Royal Bank of Canada raised its holdings in Murphy USA by 0.7% in the first quarter. Royal Bank of Canada now owns 608,915 shares of the specialty retailer’s stock valued at $44,328,000 after buying an additional 4,126 shares during the period. Northern Trust Corp raised its holdings in Murphy USA by 63.8% in the second quarter. Northern Trust Corp now owns 500,409 shares of the specialty retailer’s stock valued at $37,175,000 after buying an additional 194,985 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in Murphy USA by 3.9% in the second quarter. Bank of New York Mellon Corp now owns 390,641 shares of the specialty retailer’s stock valued at $29,022,000 after buying an additional 14,630 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Several research firms recently commented on MUSA. ValuEngine upgraded shares of Murphy USA from a “hold” rating to a “buy” rating in a report on Wednesday, August 8th. Stephens set a $84.00 price target on shares of Murphy USA and gave the company a “hold” rating in a report on Friday, August 3rd. Jefferies Financial Group restated a “hold” rating and issued a $78.00 price target on shares of Murphy USA in a report on Friday, August 3rd. Finally, Zacks Investment Research lowered shares of Murphy USA from a “hold” rating to a “sell” rating in a report on Tuesday, July 3rd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. Murphy USA presently has an average rating of “Hold” and an average price target of $88.00.

In other news, SVP John A. Moore sold 779 shares of Murphy USA stock in a transaction that occurred on Tuesday, August 7th. The shares were sold at an average price of $85.57, for a total transaction of $66,659.03. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO R Andrew Clyde sold 48,142 shares of Murphy USA stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $85.00, for a total transaction of $4,092,070.00. Following the sale, the chief executive officer now owns 203,833 shares in the company, valued at approximately $17,325,805. The disclosure for this sale can be found here. Insiders sold 55,576 shares of company stock worth $4,725,808 in the last 90 days. 8.14% of the stock is currently owned by insiders.

NYSE MUSA opened at $79.60 on Friday. Murphy USA Inc has a one year low of $61.05 and a one year high of $89.69. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.60 and a current ratio of 0.98. The company has a market capitalization of $2.75 billion, a P/E ratio of 18.43, a price-to-earnings-growth ratio of 4.85 and a beta of 0.94.

Murphy USA (NYSE:MUSA) last posted its quarterly earnings results on Wednesday, August 1st. The specialty retailer reported $1.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.37. Murphy USA had a net margin of 2.07% and a return on equity of 22.84%. The firm had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.53 billion. During the same quarter last year, the firm posted $1.51 earnings per share. Murphy USA’s revenue for the quarter was up 19.2% compared to the same quarter last year. Equities research analysts predict that Murphy USA Inc will post 4.6 EPS for the current year.

Murphy USA Company Profile

Murphy USA Inc operates a chain of retail stores in the United States. The company's retail stores offer motor fuel products and convenience merchandise. It operates retail stores under the Murphy USA and Murphy Express brand names. As of January 31, 2018, the company operated approximately 1,446 retail stores located primarily in the Southwest, Southeast, and Midwest United States.

Further Reading: Buyback

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Institutional Ownership by Quarter for Murphy USA (NYSE:MUSA)

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