KBC Group NV increased its stake in Murphy USA Inc. (NYSE:MUSA) by 27.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 99,568 shares of the company’s stock after buying an additional 21,415 shares during the period. KBC Group NV owned approximately 0.25% of Murphy USA worth $7,105,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. A.R.T. Advisors LLC increased its position in 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 during the last quarter. Barclays PLC increased its position in Murphy USA by 494.6% in the first quarter. Barclays PLC now owns 12,314 shares of the company’s stock worth $751,000 after buying an additional 10,243 shares during the last quarter. Royal Bank of Canada increased its position in Murphy USA by 27.9% in the first quarter. Royal Bank of Canada now owns 331,347 shares of the company’s stock worth $20,361,000 after buying an additional 72,259 shares during the last quarter. Squarepoint Ops LLC acquired a new position in Murphy USA during the first quarter worth about $581,000. Finally, Raymond James Trust N.A. acquired a new position in Murphy USA during the second quarter worth about $200,000. Institutional investors and hedge funds own 83.22% of the company’s stock.

Institutional Ownership by Quarter for Murphy USA (NYSE:MUSA)

Murphy USA Inc. (NYSE:MUSA) traded down 1.47% during mid-day trading on Wednesday, reaching $68.37. The company had a trading volume of 172,725 shares. Murphy USA Inc. has a one year low of $51.68 and a one year high of $80.44. The firm has a market capitalization of $2.64 billion, a P/E ratio of 11.34 and a beta of 0.83. The firm’s 50-day moving average is $67.27 and its 200-day moving average is $71.39.

Murphy USA (NYSE:MUSA) last released its quarterly earnings results on Wednesday, November 2nd. The company reported $1.16 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.60 by $0.44. The firm had revenue of $3.04 billion for the quarter, compared to the consensus estimate of $3.13 billion. Murphy USA had a return on equity of 19.89% and a net margin of 2.13%. The business’s revenue for the quarter was down 10.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.40 earnings per share. On average, equities research 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 brokerages recently weighed in on MUSA. Jefferies Group set a $89.00 price target on shares of Murphy USA and gave the company a “buy” rating in a research report on Saturday, October 1st. Zacks Investment Research downgraded shares of Murphy USA from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 23rd. Stephens upgraded shares of Murphy USA from an “equal weight” rating to an “overweight” rating in a research report on Thursday, November 17th. Finally, Wells Fargo & Co. reiterated a “buy” rating and issued a $81.00 price target on shares of Murphy USA in a research report on Tuesday, September 20th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Murphy USA has an average 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.

5 Day Chart for NYSE:MUSA

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