Dean Capital Management Sells 21,760 Shares of Murphy USA Inc. (MUSA)
Dean Capital Management lowered its stake in Murphy USA Inc. (NYSE:MUSA) by 41.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,802 shares of the specialty retailer’s stock after selling 21,760 shares during the quarter. Dean Capital Management owned about 0.09% of Murphy USA worth $2,283,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of MUSA. NGAM Advisors L.P. grew its position in shares of Murphy USA by 6.0% during the second quarter. NGAM Advisors L.P. now owns 25,752 shares of the specialty retailer’s stock worth $1,908,000 after purchasing an additional 1,462 shares in the last quarter. Oppenheimer Asset Management Inc. grew its position in shares of Murphy USA by 4.4% during the second quarter. Oppenheimer Asset Management Inc. now owns 78,126 shares of the specialty retailer’s stock worth $5,790,000 after purchasing an additional 3,314 shares in the last quarter. Virginia Retirement Systems ET AL grew its position in shares of Murphy USA by 6.5% during the second quarter. Virginia Retirement Systems ET AL now owns 37,900 shares of the specialty retailer’s stock worth $2,809,000 after purchasing an additional 2,300 shares in the last quarter. Fifth Third Bancorp grew its position in shares of Murphy USA by 29.3% during the first quarter. Fifth Third Bancorp now owns 1,945 shares of the specialty retailer’s stock worth $143,000 after purchasing an additional 441 shares in the last quarter. Finally, Legal & General Group Plc grew its position in shares of Murphy USA by 1.6% during the second quarter. Legal & General Group Plc now owns 99,613 shares of the specialty retailer’s stock worth $7,377,000 after purchasing an additional 1,568 shares in the last quarter. 97.29% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms recently issued reports on MUSA. BidaskClub upgraded Murphy USA from a “hold” rating to a “buy” rating in a research report on Wednesday. Jefferies Group LLC set a $86.00 price target on Murphy USA and gave the company a “buy” rating in a report on Friday, August 4th. Stephens cut Murphy USA from an “overweight” rating to an “equal weight” rating in a report on Friday, August 4th. Zacks Investment Research cut Murphy USA from a “buy” rating to a “hold” rating in a report on Tuesday, July 18th. Finally, William Blair assumed coverage on Murphy USA in a report on Wednesday, July 12th. They set a “market perform” rating for the company. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $84.50.
In related news, SVP John A. Moore sold 1,030 shares of the stock in a transaction that occurred on 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 $1,298,356.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Daryl R. Schofield acquired 3,000 shares of the stock in a transaction that occurred on Thursday, August 17th. The stock was acquired at an average price of $66.00 per share, with a total value of $198,000.00. Following the completion of the transaction, the executive vice president now directly owns 3,000 shares of the company’s stock, valued at approximately $198,000. The disclosure for this purchase can be found here. Corporate insiders own 7.30% of the company’s stock.
Murphy USA Inc. (MUSA) traded up 1.56% during trading on Friday, reaching $73.67. The company’s stock had a trading volume of 71,825 shares. The firm has a market capitalization of $2.66 billion, a P/E ratio of 19.65 and a beta of 0.72. The stock has a 50-day moving average of $67.88 and a 200 day moving average of $69.96. Murphy USA Inc. has a one year low of $57.13 and a one year high of $79.98.
Murphy USA (NYSE:MUSA) last posted its quarterly earnings results on Wednesday, August 2nd. The specialty retailer reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.42. The business had revenue of $3.21 billion during the quarter, compared to analyst estimates 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 was up 6.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.17 earnings per share. On average, equities research analysts predict that Murphy USA Inc. will post $3.76 EPS for the current fiscal year.
About Murphy USA
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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