Lord Abbett & CO. LLC lifted its position in Murphy USA Inc. (NYSE:MUSA) by 2.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 40,800 shares of the specialty retailer’s stock after purchasing an additional 1,000 shares during the quarter. Lord Abbett & CO. LLC owned about 0.11% of Murphy USA worth $3,024,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC grew its position in Murphy USA by 1,343.0% in the second quarter. Tower Research Capital LLC TRC now owns 1,443 shares of the specialty retailer’s stock worth $107,000 after acquiring an additional 1,343 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its position in Murphy USA by 8.0% in the first quarter. Nomura Asset Management Co. Ltd. now owns 2,160 shares of the specialty retailer’s stock worth $159,000 after acquiring an additional 160 shares in the last quarter. Victory Capital Management Inc. grew its position in Murphy USA by 17.6% in the second quarter. Victory Capital Management Inc. now owns 2,624 shares of the specialty retailer’s stock worth $194,000 after acquiring an additional 392 shares in the last quarter. LS Investment Advisors LLC grew its position in Murphy USA by 13.4% in the second quarter. LS Investment Advisors LLC now owns 2,896 shares of the specialty retailer’s stock worth $215,000 after acquiring an additional 343 shares in the last quarter. Finally, Neuberger Berman Group LLC purchased a new position in Murphy USA in the first quarter worth $237,000. 97.11% of the stock is currently owned by hedge funds and other institutional investors.
Murphy USA Inc. (NYSE MUSA) opened at 74.36 on Wednesday. The company has a 50-day moving average of $70.90 and a 200 day moving average of $70.01. The stock has a market capitalization of $2.68 billion, a price-to-earnings ratio of 19.83 and a beta of 0.72. Murphy USA Inc. has a 12 month low of $57.13 and a 12 month high of $79.98.
Murphy USA (NYSE:MUSA) last announced its quarterly earnings results on Wednesday, August 2nd. The specialty retailer reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.42. The company had revenue of $3.21 billion for the quarter, compared to the consensus estimate of $3.27 billion. Murphy USA had a net margin of 1.15% and a return on equity of 20.19%. Murphy USA’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.17 EPS. On average, equities research analysts anticipate that Murphy USA Inc. will post $3.81 earnings per share for the current fiscal year.
Several brokerages recently issued reports on MUSA. BidaskClub upgraded shares of Murphy USA from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. Zacks Investment Research upgraded shares of Murphy USA from a “sell” rating to a “hold” rating in a research report on Tuesday. Stephens lowered shares of Murphy USA from an “overweight” rating to an “equal weight” rating in a research report on Friday, August 4th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $83.00 target price (up from $77.00) on shares of Murphy USA in a research report on Monday, July 17th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $84.50.
In other news, SVP John A. Moore sold 1,030 shares of the business’s stock in a transaction dated 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 directly owns 18,169 shares in the company, valued at approximately $1,298,356.74. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Daryl R. Schofield bought 3,000 shares of Murphy USA stock in a transaction dated Thursday, August 17th. The stock was acquired at an average price of $66.00 per share, for a total transaction of $198,000.00. Following the completion of the acquisition, the executive vice president now owns 3,000 shares in the company, valued at $198,000. The disclosure for this purchase can be found here. Insiders own 7.30% of the company’s stock.
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Murphy USA 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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