BB&T Corp lessened its stake in shares of Murphy USA Inc. (NYSE:MUSA) by 3.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 105,719 shares of the specialty retailer’s stock after selling 3,810 shares during the period. BB&T Corp owned 0.29% of Murphy USA worth $7,295,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of MUSA. BlackRock Inc. lifted its holdings in Murphy USA by 10,259.5% during the 1st quarter. BlackRock Inc. now owns 3,001,041 shares of the specialty retailer’s stock worth $220,335,000 after buying an additional 2,972,072 shares during the period. Iridian Asset Management LLC CT lifted its holdings in Murphy USA by 79.5% during 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 buying an additional 975,880 shares during the period. JPMorgan Chase & Co. lifted its holdings in Murphy USA by 30.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,216,985 shares of the specialty retailer’s stock worth $90,192,000 after buying an additional 282,812 shares during the period. Marshall Wace North America L.P. acquired a new position in Murphy USA during the 2nd quarter worth about $10,500,000. Finally, Sei Investments Co. lifted its holdings in Murphy USA by 24.6% during the 2nd quarter. Sei Investments Co. now owns 220,215 shares of the specialty retailer’s stock worth $16,320,000 after buying an additional 43,434 shares during the period. Institutional investors own 97.08% of the company’s stock.
In related news, EVP Daryl R. Schofield acquired 3,000 shares of Murphy USA stock in a transaction dated Thursday, August 17th. The shares were purchased at an average cost of $66.00 per share, with a total value of $198,000.00. Following the completion of the purchase, the executive vice president now owns 3,000 shares of the company’s stock, valued at $198,000. The transaction was disclosed in a document filed with the SEC, which is available through this link. 7.30% of the stock is owned by corporate insiders.
Murphy USA Inc. (MUSA) traded up $0.17 during trading on Friday, reaching $73.97. The company had a trading volume of 398,000 shares, compared to its average volume of 476,401. Murphy USA Inc. has a fifty-two week low of $57.13 and a fifty-two week high of $79.98. The company has a current ratio of 1.18, a quick ratio of 0.77 and a debt-to-equity ratio of 1.30. The stock has a market capitalization of $2,567.96, a P/E ratio of 16.51, a price-to-earnings-growth ratio of 1.36 and a beta of 0.74.
Murphy USA (NYSE:MUSA) last posted its earnings results on Wednesday, November 1st. The specialty retailer reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.56. The firm had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.43 billion. Murphy USA had a return on equity of 24.19% and a net margin of 1.31%. The business’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.16 earnings per share. equities analysts anticipate that Murphy USA Inc. will post 4.19 earnings per share for the current year.
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A number of research analysts have recently issued reports on MUSA shares. BidaskClub raised Murphy USA from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. ValuEngine raised Murphy USA from a “hold” rating to a “buy” rating in a research report on Friday. J P Morgan Chase & Co lowered Murphy USA from a “neutral” rating to an “underweight” rating in a report on Tuesday. Jefferies Group LLC reissued a “buy” rating and set a $83.00 price objective (up from $77.00) on shares of Murphy USA in a report on Monday, July 17th. Finally, Zacks Investment Research raised Murphy USA from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $84.50.
Murphy USA 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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