Retirement Systems of Alabama decreased its position in shares of Murphy USA Inc. (NYSE:MUSA) by 5.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 47,771 shares of the company’s stock after selling 2,748 shares during the period. Retirement Systems of Alabama’s holdings in Murphy USA were worth $3,543,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. First Manhattan Co. raised 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 worth $149,000 after buying an additional 100 shares during the last quarter. LS Investment Advisors LLC raised its stake in Murphy USA by 55.9% in the second quarter. LS Investment Advisors LLC now owns 2,268 shares of the company’s stock worth $168,000 after buying an additional 813 shares during the last quarter. Raymond James Trust N.A. acquired a new stake in Murphy USA during the second quarter worth $200,000. M&T Bank Corp raised its stake in Murphy USA by 12.1% in the first quarter. M&T Bank Corp now owns 3,857 shares of the company’s stock worth $238,000 after buying an additional 415 shares during the last quarter. Finally, Magnetar Financial LLC acquired a new stake in Murphy USA during the first quarter worth $268,000. 77.58% of the stock is owned by institutional investors.
Murphy USA Inc. (NYSE:MUSA) traded down 0.01% during mid-day trading on Tuesday, reaching $69.23. 233,926 shares of the company traded hands. The stock’s 50 day moving average price is $72.16 and its 200 day moving average price is $70.04. Murphy USA Inc. has a 52 week low of $51.68 and a 52 week high of $80.44. The firm has a market capitalization of $2.71 billion, a price-to-earnings ratio of 11.07 and a beta of 0.80.
Murphy USA (NYSE:MUSA) last issued 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. The business earned $3.01 billion during the quarter, compared to the consensus estimate of $3.15 billion. Murphy USA had a net margin of 2.20% and a return on equity of 22.06%. The company’s revenue was down 13.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.59 EPS. Equities analysts forecast that Murphy USA Inc. will post $4.71 EPS for the current year.
A number of analysts have recently weighed in on MUSA shares. Wells Fargo & Co. reiterated a “buy” rating and issued a $81.00 price objective on shares of Murphy USA in a research note 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 set a $90.00 price objective on shares of Murphy USA and gave the stock a “buy” rating in a research note on Wednesday, July 27th. 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 increased their price objective for the stock from $75.00 to $85.00 in a research note on Monday, August 1st. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $82.50.
In other news, SVP John A. Moore sold 5,290 shares of the business’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 completion of the sale, the senior vice president now owns 21,590 shares in the company, valued at approximately $1,685,099.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert Madison Murphy acquired 5,649 shares of Murphy USA stock in a transaction dated Monday, August 8th. The shares were bought at an average price of $48.68 per share, with a total value of $274,993.32. The disclosure for this purchase can be found here. 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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