Alliancebernstein L.P. increased its position in Murphy USA Inc (NYSE:MUSA) by 956.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 449,854 shares of the specialty retailer’s stock after acquiring an additional 407,257 shares during the period. Alliancebernstein L.P. owned approximately 1.40% of Murphy USA worth $38,445,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in MUSA. BlackRock Inc. increased its holdings in shares of Murphy USA by 26.7% in the 2nd quarter. BlackRock Inc. now owns 3,461,833 shares of the specialty retailer’s stock worth $257,179,000 after acquiring an additional 729,948 shares during the period. Hennessy Advisors Inc. acquired a new stake in shares of Murphy USA in the 3rd quarter worth about $28,159,000. Northern Trust Corp increased its holdings in shares of Murphy USA by 63.8% in the 2nd quarter. Northern Trust Corp now owns 500,409 shares of the specialty retailer’s stock worth $37,175,000 after acquiring an additional 194,985 shares during the period. Fuller & Thaler Asset Management Inc. increased its holdings in shares of Murphy USA by 134.9% in the 2nd quarter. Fuller & Thaler Asset Management Inc. now owns 325,516 shares of the specialty retailer’s stock worth $24,183,000 after acquiring an additional 186,916 shares during the period. Finally, Intrinsic Edge Capital Management LLC acquired a new stake in shares of Murphy USA in the 2nd quarter worth about $12,688,000. 92.00% of the stock is currently owned by institutional investors and hedge funds.
Murphy USA stock opened at $81.15 on Friday. The stock has a market cap of $2.65 billion, a price-to-earnings ratio of 18.79, a P/E/G ratio of 5.08 and a beta of 0.97. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.60 and a current ratio of 1.00. Murphy USA Inc has a 52 week low of $61.05 and a 52 week high of $89.69.
Murphy USA (NYSE:MUSA) last released its earnings results on Wednesday, October 31st. The specialty retailer reported $1.38 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.49 by ($0.11). The company had revenue of $3.79 billion for the quarter, compared to analyst estimates of $3.62 billion. Murphy USA had a net margin of 1.83% and a return on equity of 19.13%. The firm’s quarterly revenue was up 17.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.90 EPS. As a group, research analysts forecast that Murphy USA Inc will post 4.45 earnings per share for the current year.
MUSA has been the topic of a number of analyst reports. ValuEngine raised shares of Murphy USA from a “hold” rating to a “buy” rating in a report on Wednesday, August 8th. Jefferies Financial Group raised their target price on shares of Murphy USA from $74.00 to $77.00 and gave the company a “hold” rating in a research note on Tuesday, November 6th. Finally, Stephens set a $84.00 target price on shares of Murphy USA and gave the company a “hold” rating in a research note on Friday, August 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. Murphy USA has a consensus rating of “Hold” and a consensus price target of $87.75.
Murphy USA Company Profile
Murphy USA Inc operates a chain of retail stores in the United States. The company's retail stores offer motor fuel products and convenience merchandise. It operates retail stores under the Murphy USA and Murphy Express brand names. As of January 31, 2018, the company operated approximately 1,446 retail stores located primarily in the Southwest, Southeast, and Midwest United States.
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