Commonwealth Bank of Australia decreased its position in shares of Murphy USA Inc. (NYSE:MUSA) by 4.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,666 shares of the specialty retailer’s stock after selling 900 shares during the quarter. Commonwealth Bank of Australia owned about 0.05% of Murphy USA worth $1,216,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Iridian Asset Management LLC CT lifted its holdings in Murphy USA by 6.6% in the third quarter. Iridian Asset Management LLC CT now owns 2,349,242 shares of the specialty retailer’s stock worth $162,098,000 after purchasing an additional 146,269 shares during the period. JPMorgan Chase & Co. boosted its stake in Murphy USA by 31.2% during the third quarter. JPMorgan Chase & Co. now owns 1,596,956 shares of the specialty retailer’s stock valued at $110,110,000 after buying an additional 379,971 shares during the period. Dimensional Fund Advisors LP boosted its stake in Murphy USA by 2.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,148,891 shares of the specialty retailer’s stock valued at $85,143,000 after buying an additional 25,895 shares during the period. Royal Bank of Canada boosted its stake in Murphy USA by 4.7% during the second quarter. Royal Bank of Canada now owns 953,807 shares of the specialty retailer’s stock valued at $70,686,000 after buying an additional 43,107 shares during the period. Finally, Gamco Investors INC. ET AL boosted its stake in Murphy USA by 5.9% during the second quarter. Gamco Investors INC. ET AL now owns 357,878 shares of the specialty retailer’s stock valued at $26,522,000 after buying an additional 19,850 shares during the period. 95.48% of the stock is owned by institutional investors.
Several research firms have weighed in on MUSA. BidaskClub raised Murphy USA from a “hold” rating to a “buy” rating in a research report on Wednesday, October 11th. ValuEngine raised Murphy USA from a “hold” rating to a “buy” rating in a research report on Friday, November 10th. Zacks Investment Research cut Murphy USA from a “hold” rating to a “sell” rating in a research report on Tuesday, October 24th. Finally, J P Morgan Chase & Co cut Murphy USA from a “neutral” rating to an “underweight” rating in a research report on Tuesday, November 7th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $84.50.
Murphy USA (NYSE:MUSA) last announced its quarterly earnings data on Wednesday, November 1st. The specialty retailer reported $1.90 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.56. Murphy USA had a net margin of 1.31% and a return on equity of 24.19%. The company had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.43 billion. During the same period in the previous year, the business earned $1.16 EPS. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. equities research analysts predict that Murphy USA Inc. will post 4.28 earnings per share for the current year.
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About Murphy USA
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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