LSV Asset Management Raises Stake in Murphy USA Inc. (MUSA)
LSV Asset Management increased its stake in Murphy USA Inc. (NYSE:MUSA) by 83.3% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,486,514 shares of the company’s stock after buying an additional 675,471 shares during the period. LSV Asset Management owned 3.80% of Murphy USA worth $106,077,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its stake in Murphy USA by 4.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,174,681 shares of the company’s stock worth $87,113,000 after buying an additional 47,730 shares during the period. FMR LLC boosted its stake in Murphy USA by 8.2% in the second quarter. FMR LLC now owns 815,206 shares of the company’s stock worth $60,456,000 after buying an additional 61,600 shares during the period. Brown Advisory Inc. boosted its stake in Murphy USA by 14.5% in the second quarter. Brown Advisory Inc. now owns 742,436 shares of the company’s stock worth $55,059,000 after buying an additional 94,127 shares during the period. JPMorgan Chase & Co. boosted its stake in Murphy USA by 55.8% in the third quarter. JPMorgan Chase & Co. now owns 450,795 shares of the company’s stock worth $32,170,000 after buying an additional 161,403 shares during the period. Finally, Prudential Financial Inc. boosted its stake in Murphy USA by 7.9% in the third quarter. Prudential Financial Inc. now owns 450,092 shares of the company’s stock worth $32,118,000 after buying an additional 32,930 shares during the period. Institutional investors and hedge funds own 83.22% of the company’s stock.
Shares of Murphy USA Inc. (NYSE:MUSA) opened at 70.26 on Tuesday. The firm has a market capitalization of $2.71 billion, a PE ratio of 11.65 and a beta of 0.83. Murphy USA Inc. has a 52 week low of $51.68 and a 52 week high of $80.44. The stock has a 50 day moving average of $67.27 and a 200-day moving average of $71.39.
Murphy USA (NYSE:MUSA) last posted its earnings results on Wednesday, November 2nd. The company reported $1.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.60 by $0.44. Murphy USA had a return on equity of 19.89% and a net margin of 2.13%. The business had revenue of $3.04 billion for the quarter, compared to the consensus estimate of $3.13 billion. During the same period in the previous year, the company posted $1.40 earnings per share. Murphy USA’s revenue for the quarter was down 10.0% compared to the same quarter last year. Equities analysts anticipate that Murphy USA Inc. will post $4.12 earnings per share for the current fiscal year.
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A number of research firms have issued reports on MUSA. JPMorgan Chase & Co. cut shares of Murphy USA from an “overweight” rating to a “neutral” rating and lifted their target price for the company from $75.00 to $85.00 in a research note on Monday, August 1st. Wells Fargo & Co. restated 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 cut shares of Murphy USA from a “hold” rating to a “sell” rating in a research note on Thursday, October 6th. Jefferies Group set a $89.00 price objective on shares of Murphy USA and gave the stock a “buy” rating in a research note on Saturday, October 1st. Finally, Stephens upgraded shares of Murphy USA from an “equal weight” rating to an “overweight” rating in a research note on Thursday, November 17th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Murphy USA currently has a consensus rating of “Buy” and a consensus price target of $81.50.
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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