Stone Ridge Asset Management LLC Invests $1.58 Million in Murphy USA (NYSE:MUSA) Stock

Stone Ridge Asset Management LLC bought a new position in shares of Murphy USA (NYSE:MUSA) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 19,716 shares of the specialty retailer’s stock, valued at approximately $1,584,000. Stone Ridge Asset Management LLC owned approximately 0.06% of Murphy USA as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Iridian Asset Management LLC CT boosted its stake in shares of Murphy USA by 6.6% during the 3rd quarter. Iridian Asset Management LLC CT now owns 2,349,242 shares of the specialty retailer’s stock worth $162,098,000 after acquiring an additional 146,269 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Murphy USA by 31.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,596,956 shares of the specialty retailer’s stock worth $110,110,000 after acquiring an additional 379,971 shares in the last quarter. LSV Asset Management boosted its stake in shares of Murphy USA by 4.5% during the 4th quarter. LSV Asset Management now owns 1,589,775 shares of the specialty retailer’s stock worth $127,754,000 after acquiring an additional 67,800 shares in the last quarter. BancorpSouth Bank purchased a new stake in shares of Murphy USA during the 4th quarter worth about $83,141,000. Finally, Clearbridge Investments LLC boosted its stake in shares of Murphy USA by 8.4% during the 4th quarter. Clearbridge Investments LLC now owns 955,882 shares of the specialty retailer’s stock worth $76,815,000 after acquiring an additional 74,236 shares in the last quarter. 93.16% of the stock is currently owned by institutional investors and hedge funds.

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A number of research analysts recently weighed in on the stock. Wells Fargo raised their price target on shares of Murphy USA and gave the company a “market perform” rating in a research note on Thursday, January 4th. Gabelli lowered shares of Murphy USA from a “buy” rating to a “hold” rating and set a $92.00 price target on the stock. in a research note on Thursday, January 11th. Stephens set a $85.00 price target on shares of Murphy USA and gave the company a “hold” rating in a research note on Tuesday, January 16th. Zacks Investment Research raised shares of Murphy USA from a “hold” rating to a “strong-buy” rating and set a $98.00 price target on the stock in a research note on Thursday, February 1st. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $98.00 price target on shares of Murphy USA in a research note on Monday, January 8th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $93.25.

MUSA stock opened at $69.86 on Friday. The stock has a market capitalization of $2,403.58, a price-to-earnings ratio of 16.10, a price-to-earnings-growth ratio of 1.70 and a beta of 0.89. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.15 and a quick ratio of 0.81. Murphy USA has a 12 month low of $63.79 and a 12 month high of $89.69.

Murphy USA (NYSE:MUSA) last released its quarterly earnings data on Wednesday, January 31st. The specialty retailer reported $3.58 EPS for the quarter, beating the Zacks’ consensus estimate of $1.04 by $2.54. The company had revenue of $3.38 billion during the quarter, compared to the consensus estimate of $3.25 billion. Murphy USA had a net margin of 1.91% and a return on equity of 22.69%. Murphy USA’s quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.14 EPS. sell-side analysts expect that Murphy USA will post 5 earnings per share for the current year.

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Murphy USA Company Profile

Murphy USA Inc operates a chain of retail stores in the United States. The company's retail stores offer motor fuel products and convenience merchandise. It operates retail stores under the Murphy USA and Murphy Express brand names. As of January 31, 2018, the company operated approximately 1,446 retail stores located primarily in the Southwest, Southeast, and Midwest United States.

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

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