Victory Capital Management Inc. acquired a new stake in shares of Murphy USA Inc (NYSE:MUSA) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 5,770 shares of the specialty retailer’s stock, valued at approximately $493,000.
A number of other hedge funds also recently modified their holdings of the stock. Millennium Management LLC grew its stake in Murphy USA by 36.6% during the first quarter. Millennium Management LLC now owns 19,326 shares of the specialty retailer’s stock worth $1,407,000 after buying an additional 5,179 shares during the last quarter. Allianz Asset Management GmbH bought a new stake in shares of Murphy USA during the first quarter valued at approximately $346,000. BNP Paribas Arbitrage SA grew its stake in shares of Murphy USA by 313.9% during the second quarter. BNP Paribas Arbitrage SA now owns 4,921 shares of the specialty retailer’s stock valued at $366,000 after purchasing an additional 3,732 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Murphy USA during the second quarter valued at approximately $336,000. Finally, First Trust Advisors LP grew its stake in shares of Murphy USA by 23.5% during the second quarter. First Trust Advisors LP now owns 112,967 shares of the specialty retailer’s stock valued at $8,392,000 after purchasing an additional 21,472 shares during the last quarter. 92.00% of the stock is currently owned by institutional investors.
Several research firms have recently commented on MUSA. Stephens set a $84.00 price target on shares of Murphy USA and gave the company a “hold” rating in a research note on Friday, August 3rd. Jefferies Financial Group reissued a “hold” rating and set a $78.00 price target on shares of Murphy USA in a research note on Friday, August 3rd. Finally, ValuEngine raised shares of Murphy USA from a “hold” rating to a “buy” rating in a research note on Wednesday, August 8th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. Murphy USA currently has an average rating of “Hold” and an average target price of $87.75.
Murphy USA (NYSE:MUSA) last released its quarterly earnings results on Wednesday, October 31st. The specialty retailer reported $1.38 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.49 by ($0.11). Murphy USA had a net margin of 1.83% and a return on equity of 19.13%. The company had revenue of $3.79 billion for the quarter, compared to the consensus estimate of $3.62 billion. During the same period last year, the company earned $1.90 earnings per share. Murphy USA’s revenue for the quarter was up 17.0% compared to the same quarter last year. As a group, equities analysts anticipate that Murphy USA Inc will post 4.45 EPS for the current fiscal year.
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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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