Quantitative Investment Management LLC acquired a new stake in shares of Murphy USA Inc (NYSE:MUSA) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 92,100 shares of the specialty retailer’s stock, valued at approximately $7,401,000. Quantitative Investment Management LLC owned approximately 0.27% of Murphy USA 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 MUSA. BancorpSouth Bank purchased a new stake in Murphy USA during the 4th quarter valued at approximately $83,141,000. JPMorgan Chase & Co. grew its holdings in shares of Murphy USA by 31.2% in the third quarter. JPMorgan Chase & Co. now owns 1,596,956 shares of the specialty retailer’s stock valued at $110,110,000 after purchasing an additional 379,971 shares in the last quarter. Iridian Asset Management LLC CT grew its holdings in shares of Murphy USA by 6.6% in 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. Prudential Financial Inc. grew its holdings in shares of Murphy USA by 481.2% in the third quarter. Prudential Financial Inc. now owns 131,593 shares of the specialty retailer’s stock valued at $9,080,000 after purchasing an additional 108,950 shares in the last quarter. Finally, LSV Asset Management grew its holdings in shares of Murphy USA by 4.5% in the fourth quarter. LSV Asset Management now owns 1,589,775 shares of the specialty retailer’s stock valued at $127,754,000 after purchasing an additional 67,800 shares in the last quarter. 96.22% of the stock is owned by institutional investors and hedge funds.
Murphy USA Inc (MUSA) opened at $76.61 on Monday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.81 and a current ratio of 1.15. The company has a market cap of $2,594.59, a price-to-earnings ratio of 17.57, a price-to-earnings-growth ratio of 1.83 and a beta of 0.88. Murphy USA Inc has a one year low of $63.79 and a one year high of $89.69.
MUSA has been the subject of a number of recent research reports. Jefferies Group reissued a “buy” rating and issued a $98.00 target price on shares of Murphy USA in a report on Monday, January 8th. ValuEngine lowered shares of Murphy USA from a “buy” rating to a “hold” rating in a report on Saturday, November 25th. Zacks Investment Research lowered shares of Murphy USA from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. Stephens set a $85.00 target price on shares of Murphy USA and gave the company a “hold” rating in a report on Tuesday, January 16th. Finally, Gabelli lowered shares of Murphy USA from a “buy” rating to a “hold” rating and set a $92.00 target price for the company. in a report on Thursday, January 11th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company’s stock. Murphy USA currently has a consensus rating of “Hold” and an average price target of $93.25.
TRADEMARK VIOLATION WARNING: This story was posted by American Banking News and is the sole property of of American Banking News. If you are viewing this story on another site, it was illegally copied and reposted in violation of international copyright laws. The original version of this story can be viewed at https://www.americanbankingnews.com/2018/03/12/quantitative-investment-management-llc-invests-7-40-million-in-murphy-usa-inc-musa-stock.html.
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.
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 & Ratings for Murphy USA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Murphy USA and related companies with MarketBeat.com's FREE daily email newsletter.