Renaissance Technologies LLC lowered its holdings in shares of Murphy USA Inc (NYSE:MUSA) by 42.4% in the 2nd quarter, HoldingsChannel reports. The firm owned 9,100 shares of the specialty retailer’s stock after selling 6,700 shares during the period. Renaissance Technologies LLC’s holdings in Murphy USA were worth $676,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the stock. First Bank & Trust grew its holdings in Murphy USA by 9.7% during the 2nd quarter. First Bank & Trust now owns 7,211 shares of the specialty retailer’s stock valued at $536,000 after buying an additional 636 shares in the last quarter. Itau Unibanco Holding S.A. purchased a new position in Murphy USA during the 2nd quarter valued at approximately $157,000. Bridgewater Associates LP purchased a new position in Murphy USA during the 2nd quarter valued at approximately $207,000. Martingale Asset Management L P purchased a new position in Murphy USA during the 2nd quarter valued at approximately $209,000. Finally, NumerixS Investment Technologies Inc grew its holdings in Murphy USA by 124.0% during the 2nd quarter. NumerixS Investment Technologies Inc now owns 5,600 shares of the specialty retailer’s stock valued at $422,000 after buying an additional 3,100 shares in the last quarter. Hedge funds and other institutional investors own 95.38% of the company’s stock.
In related news, CFO Malynda K. West sold 4,105 shares of the firm’s stock in a transaction that occurred on Tuesday, August 7th. The stock was sold at an average price of $85.05, for a total transaction of $349,130.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP John A. Moore sold 779 shares of the firm’s stock in a transaction that occurred on Tuesday, August 7th. The stock was sold at an average price of $85.57, for a total value of $66,659.03. The disclosure for this sale can be found here. 8.14% of the stock is currently owned by insiders.
Shares of Murphy USA stock opened at $81.45 on Monday. The company has a market capitalization of $2.62 billion, a PE ratio of 18.85, a P/E/G ratio of 5.28 and a beta of 0.97. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.00 and a quick ratio of 0.60. Murphy USA Inc has a one year low of $61.05 and a one year high of $89.69.
Murphy USA (NYSE:MUSA) last announced its earnings results on Wednesday, October 31st. The specialty retailer reported $1.38 EPS for the quarter, missing the Zacks’ consensus estimate of $1.49 by ($0.11). The company had revenue of $3.79 billion during the quarter, compared to analysts’ expectations of $3.62 billion. Murphy USA had a return on equity of 19.13% and a net margin of 1.83%. Murphy USA’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.90 EPS. As a group, research analysts forecast that Murphy USA Inc will post 4.41 earnings per share for the current year.
Several research firms have weighed in on MUSA. ValuEngine upgraded Murphy USA from a “hold” rating to a “buy” rating in a report on Wednesday, August 8th. Stephens set a $84.00 price target on Murphy USA and gave the company a “hold” rating in a report on Friday, August 3rd. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $78.00 target price on shares of Murphy USA in a report on Friday, August 3rd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $88.00.
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.
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