Martingale Asset Management L P acquired a new stake in shares of Murphy USA Inc (NYSE:MUSA) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 2,800 shares of the specialty retailer’s stock, valued at approximately $209,000.
Other institutional investors also recently bought and sold shares of the company. Bank of Montreal Can purchased a new position in Murphy USA in the 2nd quarter worth $8,820,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Murphy USA in the 2nd quarter worth $336,000. Mackay Shields LLC purchased a new position in Murphy USA in the 2nd quarter worth $3,787,000. BNP Paribas Arbitrage SA raised its position in Murphy USA by 313.9% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,921 shares of the specialty retailer’s stock worth $366,000 after purchasing an additional 3,732 shares during the period. Finally, UBS Group AG raised its position in Murphy USA by 81.2% in the 1st quarter. UBS Group AG now owns 66,385 shares of the specialty retailer’s stock worth $4,833,000 after purchasing an additional 29,747 shares during the period. Hedge funds and other institutional investors own 97.28% of the company’s stock.
A number of brokerages have issued reports on MUSA. Jefferies Financial Group reissued a “hold” rating and issued a $78.00 price target on shares of Murphy USA in a report on Friday, August 3rd. ValuEngine raised shares of Murphy USA from a “hold” rating to a “buy” rating in a report on Wednesday, August 8th. Zacks Investment Research lowered shares of Murphy USA from a “hold” rating to a “sell” rating in a report on Tuesday, July 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 equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $88.00.
Shares of Murphy USA stock opened at $83.58 on Friday. The firm has a market capitalization of $2.71 billion, a price-to-earnings ratio of 18.19, a PEG ratio of 4.78 and a beta of 0.94. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.60 and a current ratio of 0.98. Murphy USA Inc has a 12-month low of $61.05 and a 12-month high of $89.69.
Murphy USA (NYSE:MUSA) last announced its earnings results on Wednesday, August 1st. The specialty retailer reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.37. The firm had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.53 billion. Murphy USA had a net margin of 2.07% and a return on equity of 22.84%. The company’s revenue for the quarter was up 19.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.51 EPS. research analysts expect that Murphy USA Inc will post 4.6 earnings per share for the current fiscal year.
In other news, CFO Malynda K. West sold 4,105 shares of Murphy USA stock in a transaction dated Tuesday, August 7th. The shares were 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 SEC, which is accessible through this hyperlink. Also, CEO R Andrew Clyde sold 48,142 shares of Murphy USA stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $85.00, for a total transaction of $4,092,070.00. Following the sale, the chief executive officer now directly owns 203,833 shares in the company, valued at approximately $17,325,805. The disclosure for this sale can be found here. Insiders have sold a total of 55,576 shares of company stock worth $4,725,808 in the last ninety days. Insiders own 8.14% of the company’s stock.
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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