Northern Trust Corp Reduces Holdings in Murphy USA Inc. (MUSA)
Northern Trust Corp decreased its position in shares of Murphy USA Inc. (NYSE:MUSA) by 1.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 335,356 shares of the specialty retailer’s stock after selling 5,953 shares during the quarter. Northern Trust Corp owned approximately 0.93% of Murphy USA worth $24,853,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently modified their holdings of the business. Citigroup Inc. grew its holdings in shares of Murphy USA by 514.2% during the second quarter. Citigroup Inc. now owns 6,130 shares of the specialty retailer’s stock worth $454,000 after purchasing an additional 5,132 shares during the last quarter. UBS Asset Management Americas Inc. grew its holdings in shares of Murphy USA by 1.8% during the second quarter. UBS Asset Management Americas Inc. now owns 51,644 shares of the specialty retailer’s stock worth $3,827,000 after purchasing an additional 891 shares during the last quarter. Quantitative Investment Management LLC purchased a new position in shares of Murphy USA during the second quarter worth about $1,052,000. Mutual of America Capital Management LLC grew its holdings in shares of Murphy USA by 2.1% during the second quarter. Mutual of America Capital Management LLC now owns 29,008 shares of the specialty retailer’s stock worth $2,150,000 after purchasing an additional 604 shares during the last quarter. Finally, New York State Common Retirement Fund grew its holdings in shares of Murphy USA by 13.8% during the second quarter. New York State Common Retirement Fund now owns 164,811 shares of the specialty retailer’s stock worth $12,214,000 after purchasing an additional 20,023 shares during the last quarter. 97.29% of the stock is currently owned by institutional investors.
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Several equities analysts have issued reports on the company. BidaskClub raised Murphy USA from a “strong sell” rating to a “sell” rating in a report on Thursday, September 14th. Stephens raised their price target on Murphy USA from $76.00 to $83.00 and gave the stock an “overweight” rating in a report on Friday, June 30th. Jefferies Group LLC set a $86.00 price target on Murphy USA and gave the stock a “buy” rating in a report on Friday, August 4th. Zacks Investment Research lowered Murphy USA from a “buy” rating to a “hold” rating in a report on Tuesday, July 18th. Finally, William Blair initiated coverage on Murphy USA in a report on Wednesday, July 12th. They set a “market perform” rating on the stock. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $84.50.
In other Murphy USA news, EVP Daryl R. Schofield bought 3,000 shares of Murphy USA stock in a transaction that occurred on Thursday, August 17th. The stock was purchased at an average cost of $66.00 per share, for a total transaction of $198,000.00. Following the completion of the acquisition, the executive vice president now owns 3,000 shares of the company’s stock, valued at approximately $198,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP John A. Moore sold 1,030 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The stock was 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 of the company’s stock, valued at $1,298,356.74. The disclosure for this sale can be found here. Company insiders own 7.30% of the company’s stock.
Murphy USA Inc. (NYSE:MUSA) opened at 73.02 on Friday. The firm has a market capitalization of $2.63 billion, a P/E ratio of 19.47 and a beta of 0.72. Murphy USA Inc. has a 12 month low of $57.13 and a 12 month high of $79.98. The company’s 50 day moving average price is $69.15 and its 200 day moving average price is $70.00.
Murphy USA (NYSE:MUSA) last issued its earnings results on Wednesday, August 2nd. The specialty retailer reported $1.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.09 by $0.42. The firm had revenue of $3.21 billion during the quarter, compared to analysts’ expectations of $3.27 billion. Murphy USA had a net margin of 1.15% and a return on equity of 20.19%. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period last year, the firm posted $1.17 earnings per share. Analysts anticipate that Murphy USA Inc. will post $3.76 EPS for the current year.
Murphy USA Company 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.
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