Gabelli Funds LLC cut its stake in Murphy USA Inc (NYSE:MUSA) by 9.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 97,200 shares of the specialty retailer’s stock after selling 10,000 shares during the quarter. Gabelli Funds LLC owned approximately 0.30% of Murphy USA worth $7,221,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the stock. Martingale Asset Management L P acquired a new stake in Murphy USA in the 2nd quarter valued at about $209,000. Arnhold LLC acquired a new stake in Murphy USA in the 1st quarter valued at about $257,000. Ffcm LLC raised its holdings in Murphy USA by 524.4% in the 1st quarter. Ffcm LLC now owns 3,684 shares of the specialty retailer’s stock valued at $267,000 after acquiring an additional 3,094 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in Murphy USA in the 4th quarter valued at about $273,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Murphy USA in the 2nd quarter valued at about $336,000. 97.29% of the stock is currently owned by hedge funds and other institutional investors.
In related news, CEO R Andrew Clyde sold 48,142 shares of Murphy USA stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $85.00, for a total value of $4,092,070.00. Following the completion of the sale, the chief executive officer now owns 203,833 shares in the company, valued at approximately $17,325,805. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Donald R. Smith, Jr. sold 2,550 shares of Murphy USA stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $85.47, for a total transaction of $217,948.50. Following the completion of the sale, the vice president now owns 16,201 shares of the company’s stock, valued at approximately $1,384,699.47. The disclosure for this sale can be found here. Insiders sold a total of 55,576 shares of company stock valued at $4,725,808 in the last quarter. 8.14% of the stock is owned by insiders.
Shares of NYSE MUSA opened at $84.22 on Thursday. The company has a market cap of $2.67 billion, a PE ratio of 19.50, a PEG ratio of 4.75 and a beta of 0.94. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.98 and a quick ratio of 0.60. Murphy USA Inc has a 1 year low of $61.05 and a 1 year high of $89.69.
Murphy USA (NYSE:MUSA) last announced its quarterly earnings results on Wednesday, August 1st. The specialty retailer reported $1.58 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.37. Murphy USA had a net margin of 2.07% and a return on equity of 22.84%. The business had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.53 billion. During the same quarter last year, the firm earned $1.51 EPS. The business’s revenue was up 19.2% compared to the same quarter last year. sell-side analysts expect that Murphy USA Inc will post 4.55 EPS for the current fiscal year.
A number of research firms have commented on MUSA. ValuEngine upgraded shares of Murphy USA from a “hold” rating to a “buy” rating in a report on Wednesday, August 8th. Zacks Investment Research downgraded shares of Murphy USA from a “hold” rating to a “sell” rating in a report on Tuesday, July 3rd. Jefferies Financial Group restated a “hold” rating and set a $78.00 price target on shares of Murphy USA in a report on Friday, August 3rd. Finally, Stephens set a $84.00 price target on shares of Murphy USA and gave the stock a “hold” rating in a report on Friday, August 3rd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $88.00.
Murphy USA 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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