Ameriprise Financial Inc. Has $7.38 Million Position in Murphy USA Inc. (MUSA)
Ameriprise Financial Inc. reduced its position in shares of Murphy USA Inc. (NYSE:MUSA) by 43.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 99,627 shares of the specialty retailer’s stock after selling 75,362 shares during the period. Ameriprise Financial Inc. owned approximately 0.28% of Murphy USA worth $7,383,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of MUSA. IFP Advisors Inc increased its holdings in Murphy USA by 1.0% in the second quarter. IFP Advisors Inc now owns 3,776 shares of the specialty retailer’s stock valued at $280,000 after buying an additional 39 shares in the last quarter. Oppenheimer & Co. Inc. increased its holdings in Murphy USA by 1.2% in the second quarter. Oppenheimer & Co. Inc. now owns 4,225 shares of the specialty retailer’s stock valued at $314,000 after buying an additional 52 shares in the last quarter. State Treasurer State of Michigan increased its holdings in Murphy USA by 0.7% in the second quarter. State Treasurer State of Michigan now owns 14,225 shares of the specialty retailer’s stock valued at $1,054,000 after buying an additional 100 shares in the last quarter. Texas Permanent School Fund increased its holdings in Murphy USA by 0.5% in the second quarter. Texas Permanent School Fund now owns 25,239 shares of the specialty retailer’s stock valued at $1,870,000 after buying an additional 127 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its holdings in Murphy USA by 8.0% in the first quarter. Nomura Asset Management Co. Ltd. now owns 2,160 shares of the specialty retailer’s stock valued at $159,000 after buying an additional 160 shares in the last quarter. 97.29% of the stock is owned by hedge funds and other institutional investors.
In related news, SVP John A. Moore sold 1,030 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $71.46, for a total value of $73,603.80. Following the sale, the senior vice president now directly owns 18,169 shares in the company, valued at approximately $1,298,356.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Daryl R. Schofield bought 3,000 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The stock was acquired at an average price of $66.00 per share, for a total transaction of $198,000.00. Following the completion of the acquisition, the executive vice president now directly owns 3,000 shares in the company, valued at $198,000. The disclosure for this purchase can be found here. 7.30% of the stock is owned by insiders.
Shares of Murphy USA Inc. (NYSE:MUSA) opened at 73.47 on Wednesday. Murphy USA Inc. has a 52-week low of $57.13 and a 52-week high of $79.98. The firm has a market capitalization of $2.65 billion, a price-to-earnings ratio of 19.59 and a beta of 0.72. The stock has a 50 day moving average of $68.10 and a 200 day moving average of $69.95.
Murphy USA (NYSE:MUSA) last released its earnings results on Wednesday, August 2nd. The specialty retailer reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.42. Murphy USA had a net margin of 1.15% and a return on equity of 20.19%. The business had revenue of $3.21 billion for the quarter, compared to the consensus estimate of $3.27 billion. During the same period in the previous year, the firm earned $1.17 EPS. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. On average, analysts predict that Murphy USA Inc. will post $3.76 EPS for the current fiscal year.
MUSA has been the subject of a number of research analyst reports. BidaskClub raised shares of Murphy USA from a “hold” rating to a “buy” rating in a report on Tuesday, June 20th. Zacks Investment Research cut shares of Murphy USA from a “buy” rating to a “hold” rating in a report on Tuesday, July 18th. Stephens increased their target price on shares of Murphy USA from $76.00 to $83.00 and gave the company an “overweight” rating in a report on Friday, June 30th. William Blair initiated coverage on shares of Murphy USA in a report on Wednesday, July 12th. They issued a “market perform” rating for the company. Finally, Jefferies Group LLC set a $86.00 target price on shares of Murphy USA and gave the company a “buy” rating in a report on Friday, August 4th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $84.50.
ILLEGAL ACTIVITY NOTICE: This piece of content was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this piece of content on another website, it was illegally copied and republished in violation of US and international copyright & trademark laws. The correct version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/10/18/ameriprise-financial-inc-has-7-38-million-position-in-murphy-usa-inc-musa.html.
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.
Want to see what other hedge funds are holding MUSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Murphy USA Inc. (NYSE:MUSA).
Receive News & Stock Ratings for Murphy USA Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Murphy USA Inc. and related stocks with our FREE daily email newsletter.