Goldman Sachs Group Inc. reduced its holdings in shares of Murphy USA Inc (NYSE:MUSA) by 18.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 573,006 shares of the specialty retailer’s stock after selling 133,470 shares during the quarter. Goldman Sachs Group Inc. owned approximately 1.68% of Murphy USA worth $46,047,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Tiedemann Wealth Management LLC increased its position in Murphy USA by 9.9% in the third quarter. Tiedemann Wealth Management LLC now owns 17,693 shares of the specialty retailer’s stock worth $103,000 after buying an additional 1,587 shares during the last quarter. Zions Bancorporation purchased a new stake in Murphy USA in the third quarter worth $106,000. Tower Research Capital LLC TRC increased its position in Murphy USA by 657.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,561 shares of the specialty retailer’s stock worth $126,000 after buying an additional 1,355 shares during the last quarter. Assetmark Inc. purchased a new stake in Murphy USA in the fourth quarter worth $134,000. Finally, Amundi Pioneer Asset Management Inc. purchased a new stake in Murphy USA in the fourth quarter worth $145,000. Institutional investors and hedge funds own 93.16% of the company’s stock.
MUSA has been the subject of a number of recent research reports. Gabelli downgraded Murphy USA from a “buy” rating to a “hold” rating and set a $92.00 target price for the company. in a research report on Thursday, January 11th. Wells Fargo raised their target price on Murphy USA and gave the stock a “market perform” rating in a research report on Thursday, January 4th. Stephens set a $85.00 target price on Murphy USA and gave the stock a “hold” rating in a research report on Tuesday, January 16th. Zacks Investment Research downgraded Murphy USA from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. Finally, Jefferies Group reiterated a “buy” rating and issued a $98.00 price target on shares of Murphy USA in a research report on Monday, January 8th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. Murphy USA has a consensus rating of “Hold” and a consensus target price of $93.25.
Murphy USA (NYSE:MUSA) last announced its quarterly earnings results on Wednesday, January 31st. The specialty retailer reported $3.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $2.54. The company had revenue of $3.38 billion during the quarter, compared to analysts’ expectations of $3.25 billion. Murphy USA had a return on equity of 22.69% and a net margin of 1.91%. The firm’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.14 earnings per share. analysts anticipate that Murphy USA Inc will post 5 EPS for the current year.
Murphy USA Company Profile
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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