Teacher Retirement System of Texas boosted its stake in Murphy USA Inc. (NYSE:MUSA) by 2.5% during the second quarter, Holdings Channel reports. The firm owned 5,860 shares of the company’s stock after buying an additional 141 shares during the period. Teacher Retirement System of Texas’ holdings in Murphy USA were worth $435,000 as of its most recent filing with the SEC.
Other hedge funds have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. boosted 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 valued at $27,048,000 after buying an additional 160,222 shares during the last quarter. State Street Corp boosted 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 valued at $77,585,000 after buying an additional 21,654 shares during the last quarter. A.R.T. Advisors LLC boosted 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 valued at $823,000 after buying an additional 4,900 shares during the last quarter. First Manhattan Co. boosted 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 valued at $149,000 after buying an additional 100 shares during the last quarter. Finally, HBK Investments L P bought a new stake in shares of Murphy USA during the first quarter valued at approximately $602,000. Institutional investors own 77.70% of the company’s stock.
Shares of Murphy USA Inc. (NYSE:MUSA) traded down 1.54% during trading on Friday, hitting $71.38. The stock had a trading volume of 190,727 shares. Murphy USA Inc. has a 52 week low of $51.68 and a 52 week high of $80.44. The firm has a 50 day moving average price of $72.93 and a 200-day moving average price of $69.61. The stock has a market capitalization of $2.80 billion, a price-to-earnings ratio of 11.41 and a beta of 0.80.
Murphy USA (NYSE:MUSA) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.18. Murphy USA had a return on equity of 22.06% and a net margin of 2.20%. The business had revenue of $3.01 billion for the quarter, compared to analyst estimates of $3.15 billion. During the same period last year, the company earned $0.59 EPS. Murphy USA’s revenue for the quarter was down 13.3% compared to the same quarter last year. On average, equities research analysts forecast that Murphy USA Inc. will post $4.71 EPS for the current fiscal year.
Several equities analysts have issued reports on the company. Jefferies Group set a $89.00 price target on Murphy USA and gave the company a “buy” rating in a research note on Saturday, October 1st. JPMorgan Chase & Co. lowered Murphy USA from an “overweight” rating to a “neutral” rating and boosted their price target for the company from $75.00 to $85.00 in a research note on Monday, August 1st. Stephens lowered Murphy USA from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, July 12th. Zacks Investment Research lowered Murphy USA from a “hold” rating to a “sell” rating in a research report on Thursday. Finally, Wells Fargo & Co. reaffirmed a “buy” rating and set a $81.00 target price on shares of Murphy USA in a research report on Tuesday, September 20th. 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 stock. The company presently 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 Murphy USA stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $78.05, for a total value 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 SEC, which is available through this link. Also, Director Robert Madison Murphy acquired 6,037 shares of the business’s stock in a transaction dated Tuesday, August 9th. The stock was acquired at an average price 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.
Murphy USA Company Profile
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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