SG Americas Securities LLC Lowers Position in Murphy USA Inc. (MUSA)
SG Americas Securities LLC reduced its position in Murphy USA Inc. (NYSE:MUSA) by 68.5% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 4,116 shares of the specialty retailer’s stock after selling 8,947 shares during the period. SG Americas Securities LLC’s holdings in Murphy USA were worth $305,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in MUSA. Oregon Public Employees Retirement Fund raised its stake in Murphy USA by 1.6% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 13,077 shares of the specialty retailer’s stock valued at $960,000 after acquiring an additional 200 shares during the period. Great West Life Assurance Co. Can raised its stake in Murphy USA by 0.8% in the 1st quarter. Great West Life Assurance Co. Can now owns 29,850 shares of the specialty retailer’s stock valued at $2,191,000 after acquiring an additional 243 shares during the period. First Trust Advisors LP raised its stake in Murphy USA by 27.4% in the 1st quarter. First Trust Advisors LP now owns 187,340 shares of the specialty retailer’s stock valued at $13,755,000 after acquiring an additional 40,247 shares during the period. Bank of New York Mellon Corp raised its stake in Murphy USA by 1.9% in the 1st quarter. Bank of New York Mellon Corp now owns 429,750 shares of the specialty retailer’s stock valued at $31,552,000 after acquiring an additional 7,941 shares during the period. Finally, Suntrust Banks Inc. raised its stake in Murphy USA by 3.3% in the 1st quarter. Suntrust Banks Inc. now owns 8,291 shares of the specialty retailer’s stock valued at $607,000 after acquiring an additional 268 shares during the period. Institutional investors and hedge funds own 97.47% of the company’s stock.
Shares of Murphy USA Inc. (MUSA) opened at 66.40 on Friday. The company has a market capitalization of $2.39 billion, a PE ratio of 17.71 and a beta of 0.71. The stock’s 50 day moving average price is $68.22 and its 200 day moving average price is $69.71. Murphy USA Inc. has a 12 month low of $57.13 and a 12 month high of $79.98.
Murphy USA (NYSE:MUSA) last announced its earnings results on Wednesday, August 2nd. The specialty retailer reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.42. The business had revenue of $3.21 billion for the quarter, compared to analysts’ expectations of $3.27 billion. Murphy USA had a return on equity of 20.19% and a net margin of 1.15%. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period last year, the firm posted $1.17 earnings per share. On average, analysts forecast that Murphy USA Inc. will post $3.70 EPS for the current year.
In related news, EVP Daryl R. Schofield acquired 3,000 shares of the firm’s stock in a transaction dated Thursday, August 17th. The shares were purchased at an average price of $66.00 per share, with a total value of $198,000.00. Following the completion of the purchase, the executive vice president now directly owns 3,000 shares of the company’s stock, valued at $198,000. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP John A. Moore sold 1,030 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $71.46, for a total value of $73,603.80. Following the completion of the transaction, the senior vice president now directly owns 18,169 shares in the company, valued at approximately $1,298,356.74. The disclosure for this sale can be found here. Company insiders own 7.30% of the company’s stock.
MUSA has been the topic of a number of research reports. BidaskClub upgraded Murphy USA from a “hold” rating to a “buy” rating in a research note on Tuesday, June 20th. Zacks Investment Research upgraded Murphy USA from a “strong sell” rating to a “hold” rating and set a $83.00 price objective on the stock in a research note on Saturday, July 1st. Stephens boosted their price objective on Murphy USA from $76.00 to $83.00 and gave the company an “overweight” rating in a research note on Friday, June 30th. William Blair initiated coverage on Murphy USA in a research note on Wednesday, July 12th. They issued a “market perform” rating on the stock. Finally, Jefferies Group LLC set a $86.00 price objective on Murphy USA and gave the company a “buy” rating in a research note on Friday, August 4th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. Murphy USA currently has a consensus rating of “Hold” and an average target price of $83.25.
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Murphy USA Company Profile
Murphy USA Inc is engaged in the marketing of retail motor fuel products and 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. As of December 31, 2016, its retail stores were located in 26 states, primarily in the Southwest, Southeast and Midwest the United States.
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