Bank of Montreal Can bought a new stake in Murphy USA Inc. (NYSE:MUSA) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 124,672 shares of the company’s stock, valued at approximately $9,245,000.
Other large investors also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. increased its stake in shares of Murphy USA by 57.2% in the first quarter. Goldman Sachs Group Inc. now owns 440,158 shares of the company’s stock worth $27,048,000 after buying an additional 160,222 shares in the last quarter. State Street Corp increased its stake in shares of Murphy USA by 1.7% in the first quarter. State Street Corp now owns 1,262,511 shares of the company’s stock worth $77,585,000 after buying an additional 21,654 shares in the last quarter. A.R.T. Advisors LLC increased its stake in shares of Murphy USA by 57.7% in the first quarter. A.R.T. Advisors LLC now owns 13,397 shares of the company’s stock worth $823,000 after buying an additional 4,900 shares in the last quarter. First Manhattan Co. increased its stake in shares of Murphy USA by 5.2% in the second quarter. First Manhattan Co. now owns 2,010 shares of the company’s stock worth $149,000 after buying an additional 100 shares in the last quarter. Finally, HBK Investments L P acquired a new stake in shares of Murphy USA during the first quarter worth $602,000. 77.70% of the stock is owned by institutional investors.
Shares of Murphy USA Inc. (NYSE:MUSA) traded down 0.08% during mid-day trading on Thursday, hitting $72.50. 220,492 shares of the stock were exchanged. The company’s 50-day moving average is $73.04 and its 200-day moving average is $69.57. Murphy USA Inc. has a 1-year low of $51.68 and a 1-year high of $80.44. The firm has a market cap of $2.84 billion, a price-to-earnings ratio of 11.59 and a beta of 0.80.
Murphy USA (NYSE:MUSA) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $1.17 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.18. Murphy USA had a net margin of 2.20% and a return on equity of 22.06%. The business had revenue of $3.01 billion for the quarter, compared to analyst estimates of $3.15 billion. During the same quarter last year, the firm earned $0.59 EPS. Murphy USA’s quarterly revenue was down 13.3% compared to the same quarter last year. Equities research analysts anticipate that Murphy USA Inc. will post $4.71 earnings per share for the current fiscal year.
MUSA has been the subject of a number of recent research reports. Wells Fargo & Co. reaffirmed a “buy” rating and set a $81.00 price objective on shares of Murphy USA in a research report on Tuesday, September 20th. Zacks Investment Research lowered shares of Murphy USA from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 23rd. Jefferies Group boosted their target price on shares of Murphy USA from $76.00 to $82.00 and gave the company a “buy” rating in a research note on Thursday, June 9th. Stephens lowered shares of Murphy USA from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, July 12th. Finally, JPMorgan Chase & Co. lowered shares of Murphy USA from an “overweight” rating to a “neutral” rating and boosted their target price for the company from $75.00 to $85.00 in a research note on Monday, August 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $82.50.
In other Murphy USA news, SVP John A. Moore sold 5,290 shares of the firm’s stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $78.05, for a total transaction of $412,884.50. Following the sale, the senior vice president now directly owns 21,590 shares in the company, valued at approximately $1,685,099.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Malynda K. West sold 9,463 shares of the firm’s stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $77.54, for a total transaction of $733,761.02. Following the sale, the chief financial officer now owns 55,045 shares in the company, valued at $4,268,189.30. The disclosure for this sale can be found here. Corporate insiders own 6.98% of the company’s stock.
About Murphy USA
Murphy USA Inc (Murphy USA) is engaged in the marketing of retail motor fuel products and convenience 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. Its retail stores are located in over 20 states, in the Southwest, Southeast and Midwest United States.
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