Spark Investment Management LLC cut its position in shares of Murphy USA Inc. (NYSE:MUSA) by 20.9% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 132,300 shares of the specialty retailer’s stock after selling 34,900 shares during the period. Murphy USA accounts for approximately 0.6% of Spark Investment Management LLC’s portfolio, making the stock its 24th largest position. Spark Investment Management LLC owned approximately 0.36% of Murphy USA worth $9,804,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. NGAM Advisors L.P. boosted its stake in Murphy USA by 6.0% in the second quarter. NGAM Advisors L.P. now owns 25,752 shares of the specialty retailer’s stock worth $1,908,000 after buying an additional 1,462 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in Murphy USA during the second quarter worth $959,000. ING Groep NV acquired a new stake in Murphy USA during the second quarter worth $312,000. Russell Investments Group Ltd. boosted its stake in Murphy USA by 37.2% in the second quarter. Russell Investments Group Ltd. now owns 13,686 shares of the specialty retailer’s stock worth $1,014,000 after buying an additional 3,708 shares in the last quarter. Finally, BB&T Corp boosted its stake in Murphy USA by 8.5% in the second quarter. BB&T Corp now owns 109,529 shares of the specialty retailer’s stock worth $8,117,000 after buying an additional 8,595 shares in the last quarter. Institutional investors own 97.90% of the company’s stock.

Murphy USA Inc. (NYSE:MUSA) traded up 1.05% during trading on Friday, hitting $69.36. The company had a trading volume of 347,006 shares. The company has a market cap of $2.50 billion, a PE ratio of 18.50 and a beta of 0.68. The company’s 50 day moving average price is $72.95 and its 200-day moving average price is $69.56. Murphy USA Inc. has a 12 month low of $57.13 and a 12 month high of $79.98.

Murphy USA (NYSE:MUSA) last released its quarterly earnings data on Wednesday, August 2nd. The specialty retailer reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.42. The firm had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.27 billion. Murphy USA had a net margin of 1.15% and a return on equity of 20.19%. Murphy USA’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.17 earnings per share. Equities analysts expect that Murphy USA Inc. will post $3.76 earnings per share for the current year.

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A number of research firms have weighed in on MUSA. BidaskClub cut Murphy USA from a “buy” rating to a “hold” rating in a research note on Sunday, August 6th. Jefferies Group LLC set a $86.00 target price on Murphy USA and gave the stock a “buy” rating in a research report on Friday, August 4th. Stephens cut Murphy USA from an “overweight” rating to an “equal weight” rating in a research report on Friday, August 4th. Zacks Investment Research cut Murphy USA from a “buy” rating to a “hold” rating in a research report on Tuesday, July 18th. Finally, William Blair assumed coverage on Murphy USA in a research report on Wednesday, July 12th. They set a “market perform” rating on the stock. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $83.25.

In related news, SVP John A. Moore sold 1,030 shares of the stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $71.46, for a total transaction of $73,603.80. Following the sale, the senior vice president now owns 18,169 shares in the company, valued at $1,298,356.74. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 7.30% of the stock is owned by corporate insiders.

About Murphy USA

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.

Institutional Ownership by Quarter for Murphy USA (NYSE:MUSA)

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