ARP Americas LP bought a new stake in shares of Murphy USA Inc (NYSE:MUSA) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,185 shares of the specialty retailer’s stock, valued at approximately $359,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of MUSA. Robeco Institutional Asset Management B.V. lifted its stake in Murphy USA by 660.8% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 652,993 shares of the specialty retailer’s stock valued at $73,520,000 after acquiring an additional 567,165 shares during the period. Norges Bank bought a new position in Murphy USA during the 4th quarter valued at about $47,876,000. Alliancebernstein L.P. lifted its stake in Murphy USA by 31.6% during the 1st quarter. Alliancebernstein L.P. now owns 561,630 shares of the specialty retailer’s stock valued at $47,379,000 after acquiring an additional 134,777 shares during the period. Advisory Research Inc. bought a new position in Murphy USA during the 1st quarter valued at about $10,270,000. Finally, JPMorgan Chase & Co. lifted its stake in Murphy USA by 11.1% during the 1st quarter. JPMorgan Chase & Co. now owns 1,183,088 shares of the specialty retailer’s stock valued at $99,805,000 after acquiring an additional 118,131 shares during the period. Institutional investors and hedge funds own 84.15% of the company’s stock.
Several equities research analysts have recently commented on the stock. ValuEngine lowered shares of Murphy USA from a “sell” rating to a “strong sell” rating in a research report on Monday, June 29th. Stephens upped their price target on shares of Murphy USA from $130.00 to $157.00 in a research report on Wednesday, June 10th. Finally, Zacks Investment Research raised shares of Murphy USA from a “hold” rating to a “strong-buy” rating and set a $142.00 price target for the company in a research report on Friday. One analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $122.00.
Murphy USA (NYSE:MUSA) last released its earnings results on Tuesday, July 21st. The specialty retailer reported $5.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $4.31 by $1.42. The company had revenue of $2.38 billion during the quarter, compared to analyst estimates of $2.57 billion. Murphy USA had a net margin of 2.96% and a return on equity of 47.64%. The firm’s quarterly revenue was down 37.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.01 EPS. As a group, equities research analysts predict that Murphy USA Inc will post 12.24 earnings per share for the current fiscal year.
About Murphy USA
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 December 31, 2018, the company operated approximately 1,474 retail stores, including 1,160 Murphy USA and 312 are standalone Murphy Express stores located primarily in the Southwest, Southeast, and Midwest United States.
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