Mason Street Advisors LLC acquired a new stake in Murphy USA Inc. (NYSE:MUSA) during the second quarter, Holdings Channel reports. The institutional investor acquired 16,888 shares of the company’s stock, valued at approximately $1,252,000.
A number of other large investors also recently modified their holdings of the company. Victory Capital Management Inc. boosted its position in shares of Murphy USA by 76.9% in the second quarter. Victory Capital Management Inc. now owns 1,348 shares of the company’s stock valued at $100,000 after buying an additional 586 shares in the last quarter. Pinkerton Retirement Specialists LLC acquired a new position in shares of Murphy USA during the second quarter valued at approximately $134,000. First Manhattan Co. boosted its position 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 valued at $149,000 after buying an additional 100 shares in the last quarter. LS Investment Advisors LLC boosted its position in shares of Murphy USA by 55.9% in the second quarter. LS Investment Advisors LLC now owns 2,268 shares of the company’s stock valued at $168,000 after buying an additional 813 shares in the last quarter. Finally, Kernodle & Katon Asset Management Group LLC boosted its position in shares of Murphy USA by 934.8% in the second quarter. Kernodle & Katon Asset Management Group LLC now owns 2,587 shares of the company’s stock valued at $192,000 after buying an additional 2,337 shares in the last quarter. Hedge funds and other institutional investors own 77.70% of the company’s stock.
Murphy USA Inc. (NYSE:MUSA) opened at 71.53 on Thursday. Murphy USA Inc. has a 52 week low of $51.68 and a 52 week high of $80.44. The company has a 50-day moving average of $74.40 and a 200-day moving average of $69.03. The company has a market capitalization of $2.80 billion, a PE ratio of 11.44 and a beta of 0.79.
Murphy USA (NYSE:MUSA) last released its earnings results on Wednesday, August 3rd. The company reported $1.17 EPS for the quarter, beating the Thomson Reuters’ 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 company 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. The firm’s quarterly revenue was down 13.3% compared to the same quarter last year. On average, equities research analysts anticipate that Murphy USA Inc. will post $4.73 EPS for the current year.
Several research analysts have recently commented on MUSA shares. Jefferies Group raised their target price on shares of Murphy USA from $76.00 to $82.00 and gave the stock a “buy” rating in a report on Thursday, June 9th. Wells Fargo & Co. reaffirmed a “buy” rating on shares of Murphy USA in a report on Tuesday. Stephens cut shares of Murphy USA from an “overweight” rating to an “equal weight” rating in a report on Tuesday, July 12th. Finally, JPMorgan Chase & Co. cut shares of Murphy USA from an “overweight” rating to a “neutral” rating and raised their target price for the stock from $75.00 to $85.00 in a report on Monday, August 1st. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Murphy USA currently has an average rating of “Buy” and a consensus target price of $83.33.
In other Murphy USA news, SVP John A. Moore sold 5,290 shares of the firm’s stock in a transaction on Monday, August 8th. The shares were sold at an average price of $78.05, for a total value of $412,884.50. Following the sale, the senior vice president now owns 21,590 shares of the company’s stock, valued at approximately $1,685,099.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Robert Madison Murphy purchased 6,037 shares of the business’s stock in a transaction on Tuesday, August 9th. The stock was purchased at an average cost of $48.68 per share, for a total transaction of $293,881.16. The disclosure for this purchase 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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