Teachers Retirement System of The State of Kentucky lowered its position in Murphy USA Inc. (NYSE:MUSA) by 17.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,790 shares of the specialty retailer’s stock after selling 2,110 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Murphy USA were worth $719,000 at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in the company. Fifth Third Bancorp raised its position in shares of Murphy USA by 29.3% in the first quarter. Fifth Third Bancorp now owns 1,945 shares of the specialty retailer’s stock worth $143,000 after buying an additional 441 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Murphy USA by 49.0% in the first quarter. Victory Capital Management Inc. now owns 2,232 shares of the specialty retailer’s stock worth $164,000 after buying an additional 734 shares in the last quarter. Grimes & Company Inc. purchased a new position in shares of Murphy USA during the first quarter worth approximately $204,000. Quadrature Capital Ltd purchased a new position in shares of Murphy USA during the fourth quarter worth approximately $211,000. Finally, First Citizens Bank & Trust Co. purchased a new position in shares of Murphy USA during the first quarter worth approximately $220,000. 97.92% of the stock is owned by hedge funds and other institutional investors.
Murphy USA Inc. (NYSE:MUSA) traded down 0.80% during midday trading on Friday, reaching $65.89. 310,779 shares of the company traded hands. Murphy USA Inc. has a 12 month low of $57.13 and a 12 month high of $79.98. The firm has a market capitalization of $2.38 billion, a price-to-earnings ratio of 17.57 and a beta of 0.68. The firm’s 50 day moving average price is $72.12 and its 200 day moving average price is $69.66.
Murphy USA (NYSE:MUSA) last announced its quarterly earnings data on Wednesday, August 2nd. The specialty retailer reported $1.51 EPS for the quarter, topping the Zacks’ consensus estimate of $1.09 by $0.42. The business had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.27 billion. Murphy USA had a net margin of 1.15% and a return on equity of 20.19%. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.17 earnings per share. On average, analysts expect that Murphy USA Inc. will post $3.76 earnings per share for the current year.
MUSA has been the topic of a number of recent analyst reports. BidaskClub upgraded shares of Murphy USA from a “hold” rating to a “buy” rating in a report on Tuesday, June 20th. Stephens cut their target price on shares of Murphy USA from $82.00 to $76.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 3rd. Zacks Investment Research upgraded shares of Murphy USA from a “strong sell” rating to a “hold” rating and set a $83.00 target price on the stock in a research note on Saturday, July 1st. Jefferies Group LLC cut their target price on shares of Murphy USA from $78.00 to $77.00 and set a “buy” rating on the stock in a research note on Wednesday, May 3rd. Finally, William Blair initiated coverage on shares of Murphy USA in a research note on Wednesday, July 12th. They issued a “market perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $83.25.
In other news, SVP John A. Moore sold 1,030 shares of the business’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $71.46, for a total value of $73,603.80. Following the sale, the senior vice president now owns 18,169 shares of the company’s stock, valued at $1,298,356.74. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 7.30% of the company’s stock.
Murphy USA Company 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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