Comerica Bank cut its holdings in Murphy USA Inc (NYSE:MUSA) by 23.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,523 shares of the specialty retailer’s stock after selling 4,456 shares during the quarter. Comerica Bank’s holdings in Murphy USA were worth $1,175,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. BNP Paribas Arbitrage SA lifted its position in Murphy USA by 313.9% in the second quarter. BNP Paribas Arbitrage SA now owns 4,921 shares of the specialty retailer’s stock valued at $366,000 after acquiring an additional 3,732 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Murphy USA in the second quarter valued at $336,000. First Trust Advisors LP lifted its position in Murphy USA by 23.5% in the second quarter. First Trust Advisors LP now owns 112,967 shares of the specialty retailer’s stock valued at $8,392,000 after acquiring an additional 21,472 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in Murphy USA in the second quarter valued at $620,000. Finally, Mackay Shields LLC acquired a new position in Murphy USA in the second quarter valued at $3,787,000. 89.26% of the stock is currently owned by institutional investors and hedge funds.
NYSE MUSA opened at $73.54 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.60 and a debt-to-equity ratio of 1.16. The firm has a market capitalization of $2.49 billion, a price-to-earnings ratio of 17.02, a price-to-earnings-growth ratio of 4.79 and a beta of 0.93. Murphy USA Inc has a one year low of $61.05 and a one year high of $89.69.
Murphy USA (NYSE:MUSA) last posted its quarterly earnings data on Wednesday, October 31st. The specialty retailer reported $1.38 EPS for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.11). The business had revenue of $3.79 billion during 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 company’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.90 earnings per share. Equities analysts anticipate that Murphy USA Inc will post 4.45 earnings per share for the current year.
Separately, Jefferies Financial Group lifted their price objective 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. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. Murphy USA currently has a consensus rating of “Hold” and a consensus price target of $87.75.
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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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