Cubist Systematic Strategies LLC Purchases New Holdings in Murphy USA Inc. (MUSA)

Cubist Systematic Strategies LLC bought a new position in Murphy USA Inc. (NYSE:MUSA) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 9,278 shares of the specialty retailer’s stock, valued at approximately $688,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of MUSA. BlackRock Inc. lifted its holdings in Murphy USA by 10,259.5% in the 1st quarter. BlackRock Inc. now owns 3,001,041 shares of the specialty retailer’s stock worth $220,335,000 after purchasing an additional 2,972,072 shares during the last quarter. Iridian Asset Management LLC CT lifted its holdings in Murphy USA by 79.5% in the 2nd quarter. Iridian Asset Management LLC CT now owns 2,202,973 shares of the specialty retailer’s stock worth $163,262,000 after purchasing an additional 975,880 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Murphy USA by 30.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,216,985 shares of the specialty retailer’s stock worth $90,192,000 after purchasing an additional 282,812 shares during the last quarter. Marshall Wace North America L.P. acquired a new stake in Murphy USA in the 2nd quarter worth approximately $10,500,000. Finally, Sei Investments Co. lifted its holdings in Murphy USA by 24.6% in the 2nd quarter. Sei Investments Co. now owns 220,215 shares of the specialty retailer’s stock worth $16,320,000 after purchasing an additional 43,434 shares during the last quarter. Hedge funds and other institutional investors own 97.32% of the company’s stock.

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Shares of Murphy USA Inc. (NYSE MUSA) traded up 0.56% on Friday, hitting $75.76. The stock had a trading volume of 296,272 shares. The company has a market cap of $2.73 billion, a PE ratio of 20.20 and a beta of 0.72. The stock’s 50-day moving average price is $69.79 and its 200 day moving average price is $69.99. Murphy USA Inc. has a 52 week low of $57.13 and a 52 week high of $79.98.

Murphy USA (NYSE:MUSA) last issued its earnings results on Wednesday, August 2nd. The specialty retailer reported $1.51 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.09 by $0.42. Murphy USA had a return on equity of 20.19% and a net margin of 1.15%. The company had revenue of $3.21 billion during the quarter, compared to the consensus estimate of $3.27 billion. During the same period in the previous year, the company posted $1.17 EPS. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. On average, analysts predict that Murphy USA Inc. will post $3.81 EPS for the current year.

In other news, EVP Daryl R. Schofield purchased 3,000 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The stock was acquired at an average cost of $66.00 per share, with a total value of $198,000.00. Following the acquisition, the executive vice president now owns 3,000 shares in the company, valued at approximately $198,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP John A. Moore sold 1,030 shares of Murphy USA stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $71.46, for a total value of $73,603.80. Following the sale, the senior vice president now directly owns 18,169 shares of the company’s stock, valued at $1,298,356.74. The disclosure for this sale can be found here. Insiders own 7.30% of the company’s stock.

A number of research analysts have recently commented on MUSA shares. BidaskClub upgraded Murphy USA from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 5th. Zacks Investment Research lowered Murphy USA from a “buy” rating to a “hold” rating in a report on Tuesday, July 18th. Stephens upped their price target on Murphy USA from $76.00 to $83.00 and gave the stock an “overweight” rating in a report on Friday, June 30th. William Blair started coverage on Murphy USA in a report on Wednesday, July 12th. They set a “market perform” rating for the company. Finally, Jefferies Group LLC set a $86.00 price target on Murphy USA and gave the stock a “buy” rating in a report on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. Murphy USA has a consensus rating of “Hold” and a consensus price target of $84.50.

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.

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

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