ING Groep NV grew its stake in shares of Murphy USA Inc (NYSE:MUSA) by 18.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,883 shares of the specialty retailer’s stock after acquiring an additional 777 shares during the period. ING Groep NV’s holdings in Murphy USA were worth $392,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the company. Tiedemann Wealth Management LLC increased its holdings in Murphy USA by 9.9% during the third quarter. Tiedemann Wealth Management LLC now owns 17,693 shares of the specialty retailer’s stock valued at $103,000 after buying an additional 1,587 shares during the period. Zions Bancorporation purchased a new position in Murphy USA during the third quarter valued at approximately $106,000. State of Alaska Department of Revenue purchased a new position in Murphy USA during the fourth quarter valued at approximately $158,000. Campbell & CO Investment Adviser LLC purchased a new position in Murphy USA during the third quarter valued at approximately $208,000. Finally, Grimes & Company Inc. purchased a new position in Murphy USA during the fourth quarter valued at approximately $223,000. 95.95% of the stock is owned by hedge funds and other institutional investors.
Murphy USA Inc (MUSA) opened at $75.32 on Tuesday. The company has a quick ratio of 0.81, a current ratio of 1.15 and a debt-to-equity ratio of 1.17. Murphy USA Inc has a 1-year low of $62.76 and a 1-year high of $89.69. The stock has a market cap of $2,567.77, a price-to-earnings ratio of 10.90, a price-to-earnings-growth ratio of 1.80 and a beta of 0.77.
Murphy USA (NYSE:MUSA) last released its quarterly earnings results on Wednesday, January 31st. The specialty retailer reported $3.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $2.54. Murphy USA had a net margin of 1.91% and a return on equity of 22.69%. The business had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.25 billion. During the same period in the previous year, the company earned $1.14 earnings per share. The business’s revenue for the quarter was up 10.6% on a year-over-year basis. sell-side analysts anticipate that Murphy USA Inc will post 5.01 EPS for the current fiscal year.
Several equities analysts recently issued reports on the stock. BidaskClub lowered shares of Murphy USA from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. JPMorgan Chase & Co. lowered shares of Murphy USA from a “neutral” rating to an “underweight” rating in a report on Tuesday, November 7th. Jefferies Group reaffirmed a “buy” rating and issued a $98.00 price target on shares of Murphy USA in a report on Monday, January 8th. Zacks Investment Research raised shares of Murphy USA from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. Finally, Stephens set a $85.00 price target on shares of Murphy USA and gave the stock a “hold” rating in a report on Tuesday, January 16th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $93.25.
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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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