Spark Investment Management LLC cut its position in shares of Murphy USA Inc. (NYSE:MUSA) by 20.9% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 132,300 shares of the specialty retailer’s stock after selling 34,900 shares during the period. Murphy USA accounts for approximately 0.6% of Spark Investment Management LLC’s portfolio, making the stock its 24th largest position. Spark Investment Management LLC owned approximately 0.36% of Murphy USA worth $9,804,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. NGAM Advisors L.P. boosted its stake in 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 buying an additional 1,462 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in Murphy USA during the second quarter worth $959,000. ING Groep NV acquired a new stake in Murphy USA during the second quarter worth $312,000. Russell Investments Group Ltd. boosted its stake in Murphy USA by 37.2% in the second quarter. Russell Investments Group Ltd. now owns 13,686 shares of the specialty retailer’s stock worth $1,014,000 after buying an additional 3,708 shares in the last quarter. Finally, BB&T Corp boosted its stake in Murphy USA by 8.5% in the second quarter. BB&T Corp now owns 109,529 shares of the specialty retailer’s stock worth $8,117,000 after buying an additional 8,595 shares in the last quarter. Institutional investors own 97.90% of the company’s stock.
Shares of Murphy USA Inc. (NYSE MUSA) traded up 1.05% on Friday, hitting $69.36. The company had a trading volume of 347,006 shares. The stock has a market cap of $2.50 billion, a PE ratio of 18.50 and a beta of 0.68. Murphy USA Inc. has a 12 month low of $57.13 and a 12 month high of $79.98. The company has a 50-day moving average of $72.95 and a 200 day moving average of $69.56.
Murphy USA (NYSE:MUSA) last issued its earnings results on Wednesday, August 2nd. The specialty retailer reported $1.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.09 by $0.42. The firm had revenue of $3.21 billion during the quarter, compared to analysts’ expectations of $3.27 billion. Murphy USA had a net margin of 1.15% and a return on equity of 20.19%. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period last year, the firm posted $1.17 earnings per share. Analysts anticipate that Murphy USA Inc. will post $3.76 EPS for the current fiscal year.
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MUSA has been the topic of a number of research analyst reports. BidaskClub upgraded Murphy USA from a “hold” rating to a “buy” rating in a research report on Tuesday, June 20th. Wells Fargo & Company lowered Murphy USA from an “outperform” rating to a “market perform” rating in a research note on Tuesday, April 18th. Zacks Investment Research raised Murphy USA from a “sell” rating to a “hold” rating in a research note on Tuesday, April 18th. Stephens decreased their price target on Murphy USA from $82.00 to $76.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 3rd. Finally, Jefferies Group LLC decreased their price target on Murphy USA from $78.00 to $77.00 and set a “buy” rating on the stock in a research note on Wednesday, May 3rd. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Murphy USA presently has a consensus rating of “Hold” and a consensus price target of $83.25.
In related news, SVP John A. Moore sold 1,030 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $71.46, for a total transaction of $73,603.80. Following the completion of the sale, the senior vice president now directly owns 18,169 shares in the company, valued at $1,298,356.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 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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