Invictus RG bought a new position in shares of Murphy USA Inc (NYSE:MUSA) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 3,343 shares of the specialty retailer’s stock, valued at approximately $286,000.
Several other institutional investors also recently bought and sold shares of the stock. BNP Paribas Arbitrage SA lifted its holdings in shares of 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 acquiring an additional 3,732 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Murphy USA in the 2nd quarter worth about $336,000. First Trust Advisors LP lifted its holdings in shares of Murphy USA by 23.5% in the 2nd quarter. First Trust Advisors LP now owns 112,967 shares of the specialty retailer’s stock worth $8,392,000 after acquiring an additional 21,472 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Murphy USA in the 2nd quarter worth about $620,000. Finally, Mackay Shields LLC bought a new stake in shares of Murphy USA in the 2nd quarter worth about $3,787,000. Institutional investors and hedge funds own 89.26% of the company’s stock.
Separately, Jefferies Financial Group raised their target price on shares of Murphy USA from $74.00 to $77.00 and gave the stock a “hold” rating in a report on Tuesday, November 6th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. Murphy USA presently has an average rating of “Hold” and a consensus price target of $87.75.
Murphy USA (NYSE:MUSA) last announced its quarterly earnings data on Wednesday, October 31st. The specialty retailer reported $1.38 earnings per share for the quarter, missing analysts’ consensus estimates 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 quarter in the previous year, the business earned $1.90 EPS. The company’s quarterly revenue was up 17.0% compared to the same quarter last year. Research analysts forecast that Murphy USA Inc will post 4.4 EPS for the current fiscal year.
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Murphy USA Company 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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