UBS Asset Management Americas Inc. boosted its stake in shares of Murphy USA Inc (NYSE:MUSA) by 12.1% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 63,482 shares of the specialty retailer’s stock after purchasing an additional 6,842 shares during the period. UBS Asset Management Americas Inc. owned about 0.19% of Murphy USA worth $5,101,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Iridian Asset Management LLC CT grew its position in Murphy USA by 6.6% during the third quarter. Iridian Asset Management LLC CT now owns 2,349,242 shares of the specialty retailer’s stock valued at $162,098,000 after purchasing an additional 146,269 shares in the last quarter. JPMorgan Chase & Co. grew its position in Murphy USA by 31.2% in the third quarter. JPMorgan Chase & Co. now owns 1,596,956 shares of the specialty retailer’s stock worth $110,110,000 after acquiring an additional 379,971 shares in the last quarter. LSV Asset Management grew its position in Murphy USA by 4.5% in the fourth quarter. LSV Asset Management now owns 1,589,775 shares of the specialty retailer’s stock worth $127,754,000 after acquiring an additional 67,800 shares in the last quarter. Sei Investments Co. grew its position in Murphy USA by 2.1% in the third quarter. Sei Investments Co. now owns 224,743 shares of the specialty retailer’s stock worth $15,508,000 after acquiring an additional 4,528 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its position in Murphy USA by 2.7% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 184,301 shares of the specialty retailer’s stock worth $14,811,000 after acquiring an additional 4,906 shares in the last quarter. 96.22% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms have commented on MUSA. Stephens set a $85.00 target price on shares of Murphy USA and gave the stock a “hold” rating in a research report on Tuesday, January 16th. Gabelli downgraded shares of Murphy USA from a “buy” rating to a “hold” rating and set a $92.00 target price for the company. in a research report on Thursday, January 11th. Jefferies Group reissued a “buy” rating and issued a $98.00 target price on shares of Murphy USA in a research report on Monday, January 8th. Zacks Investment Research raised shares of Murphy USA from a “hold” rating to a “strong-buy” rating and set a $98.00 target price for the company in a research report on Thursday, February 1st. Finally, Wells Fargo & Co boosted their price objective on shares of Murphy USA and gave the stock a “market perform” rating in a research note on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. Murphy USA presently has an average rating of “Hold” and an average price target of $93.25.
Murphy USA (NYSE:MUSA) last released its earnings results on Wednesday, January 31st. The specialty retailer reported $3.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $2.54. The firm had revenue of $3.38 billion during the quarter, compared to analysts’ expectations of $3.25 billion. Murphy USA had a net margin of 1.91% and a return on equity of 22.69%. The business’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.14 EPS. research analysts anticipate that Murphy USA Inc will post 5.01 EPS for the current fiscal year.
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Murphy USA 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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