State Treasurer State of Michigan boosted its stake in shares of Murphy USA Inc. (NYSE:MUSA) by 0.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,225 shares of the specialty retailer’s stock after buying an additional 100 shares during the period. State Treasurer State of Michigan’s holdings in Murphy USA were worth $1,054,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently added to or reduced their stakes in MUSA. Fifth Third Bancorp raised its stake in Murphy USA by 29.3% in the first quarter. Fifth Third Bancorp now owns 1,945 shares of the specialty retailer’s stock valued at $143,000 after buying an additional 441 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its stake in Murphy USA by 8.0% in the first quarter. Nomura Asset Management Co. Ltd. now owns 2,160 shares of the specialty retailer’s stock valued at $159,000 after buying an additional 160 shares during the last quarter. Victory Capital Management Inc. raised its stake in Murphy USA by 49.0% in the first quarter. Victory Capital Management Inc. now owns 2,232 shares of the specialty retailer’s stock valued at $164,000 after buying an additional 734 shares during the last quarter. Grimes & Company Inc. purchased a new stake in Murphy USA during the first quarter valued at approximately $204,000. Finally, LS Investment Advisors LLC raised its stake in Murphy USA by 13.4% in the second quarter. LS Investment Advisors LLC now owns 2,896 shares of the specialty retailer’s stock valued at $215,000 after buying an additional 343 shares during the last quarter. 97.92% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Murphy USA Inc. (MUSA) opened at 65.89 on Friday. The firm has a 50-day moving average price of $72.12 and a 200-day moving average price of $69.66. Murphy USA Inc. has a 12 month low of $57.13 and a 12 month high of $79.98. The stock has a market cap of $2.38 billion, a price-to-earnings ratio of 17.57 and a beta of 0.68.
Murphy USA (NYSE:MUSA) last released its quarterly earnings results on Wednesday, August 2nd. The specialty retailer reported $1.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.09 by $0.42. Murphy USA had a net margin of 1.15% and a return on equity of 20.19%. The firm had revenue of $3.21 billion for the quarter, compared to the consensus estimate of $3.27 billion. During the same quarter in the previous year, the firm posted $1.17 EPS. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. Equities analysts expect that Murphy USA Inc. will post $3.76 EPS for the current fiscal year.
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Several research firms have recently commented on MUSA. BidaskClub lowered shares of Murphy USA from a “hold” rating to a “sell” rating in a research report on Thursday. Jefferies Group LLC reaffirmed a “buy” rating and set a $83.00 price target (up previously from $77.00) on shares of Murphy USA in a research report on Monday, July 17th. Stephens lowered shares of Murphy USA from an “overweight” rating to an “equal weight” rating in a research report on Friday, August 4th. William Blair began coverage on shares of Murphy USA in a research report on Wednesday, July 12th. They set a “market perform” rating on the stock. Finally, Zacks Investment Research lowered shares of Murphy USA from a “buy” rating to a “hold” rating in a research report on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $83.25.
In related news, SVP John A. Moore sold 1,030 shares of Murphy USA stock in a transaction 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 sale, the senior vice president now owns 18,169 shares of the company’s stock, valued at approximately $1,298,356.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 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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