Revolve Wealth Partners LLC Takes Position in Murphy USA Inc. $MUSA

Revolve Wealth Partners LLC acquired a new stake in Murphy USA Inc. (NYSE:MUSA) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 1,134 shares of the specialty retailer’s stock, valued at approximately $611,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in MUSA. Assenagon Asset Management S.A. acquired a new position in shares of Murphy USA during the 2nd quarter valued at about $5,488,000. GAMMA Investing LLC grew its holdings in Murphy USA by 1.2% during the second quarter. GAMMA Investing LLC now owns 1,625 shares of the specialty retailer’s stock valued at $876,000 after purchasing an additional 19 shares during the last quarter. Versant Capital Management Inc grew its holdings in Murphy USA by 15.7% during the second quarter. Versant Capital Management Inc now owns 412 shares of the specialty retailer’s stock valued at $222,000 after purchasing an additional 56 shares during the last quarter. Redwood Investment Management LLC bought a new position in shares of Murphy USA in the first quarter valued at approximately $1,021,000. Finally, Verus Capital Partners LLC raised its position in shares of Murphy USA by 40.0% in the first quarter. Verus Capital Partners LLC now owns 844 shares of the specialty retailer’s stock valued at $417,000 after purchasing an additional 241 shares during the period. Institutional investors and hedge funds own 80.81% of the company’s stock.

Insider Buying and Selling

In related news, SVP Renee M. Bacon sold 1,050 shares of the business’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $529.44, for a total value of $555,912.00. Following the sale, the senior vice president owned 3,083 shares of the company’s stock, valued at $1,632,263.52. The trade was a 25.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Diane N. Landen sold 3,000 shares of the business’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $547.25, for a total transaction of $1,641,750.00. Following the completion of the sale, the director owned 53,841 shares in the company, valued at $29,464,487.25. This represents a 5.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 4,567 shares of company stock worth $2,494,673 in the last 90 days. 9.02% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Wells Fargo & Company raised their target price on shares of Murphy USA from $520.00 to $570.00 and gave the company an “equal weight” rating in a research note on Monday, July 20th. KeyCorp upped their price target on shares of Murphy USA from $600.00 to $680.00 and gave the company an “overweight” rating in a report on Friday, June 12th. JPMorgan Chase & Co. cut their price objective on Murphy USA from $655.00 to $633.00 and set an “overweight” rating for the company in a research report on Friday, August 7th. Zacks Research downgraded Murphy USA from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 22nd. Finally, Weiss Ratings raised Murphy USA from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, June 30th. Six analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $606.89.

Murphy USA Trading Down 1.4%

Shares of Murphy USA stock opened at $544.92 on Wednesday. The firm has a market capitalization of $10.06 billion, a PE ratio of 16.59, a price-to-earnings-growth ratio of 1.62 and a beta of 0.28. The company has a debt-to-equity ratio of 2.77, a current ratio of 0.92 and a quick ratio of 0.54. The company’s fifty day moving average price is $577.29 and its two-hundred day moving average price is $511.89. Murphy USA Inc. has a 52-week low of $349.83 and a 52-week high of $636.04.

Murphy USA (NYSE:MUSA) last posted its quarterly earnings results on Wednesday, August 5th. The specialty retailer reported $11.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.95 by $1.32. The firm had revenue of $6.81 billion during the quarter, compared to analyst estimates of $6.03 billion. Murphy USA had a net margin of 2.87% and a return on equity of 96.01%. The company’s quarterly revenue was up 36.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $7.36 earnings per share. On average, analysts expect that Murphy USA Inc. will post 33.84 EPS for the current year.

About Murphy USA

Murphy USA is a leading downstream marketer of gasoline, diesel and convenience store products in the United States. Headquartered in El Dorado, Arkansas, the company was originally established as part of Murphy Oil Corporation and was spun off as an independent public entity in 2013. Since its separation, Murphy USA has focused on retail fueling services and convenience offerings designed to deliver value and convenience to consumers.

The company’s primary operations center on two retail formats.