Credit Agricole S A cut its position in shares of Murphy USA Inc (NYSE:MUSA) by 64.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,923 shares of the specialty retailer’s stock after selling 3,464 shares during the period. Credit Agricole S A’s holdings in Murphy USA were worth $118,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of MUSA. Nicholas Co. Inc. WI raised its stake in shares of Murphy USA by 0.9% in the fourth quarter. Nicholas Co. Inc. WI now owns 53,920 shares of the specialty retailer’s stock worth $3,314,000 after buying an additional 500 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Murphy USA during the fourth quarter worth about $236,000. Massmutual Trust Co. FSB ADV acquired a new position in shares of Murphy USA during the fourth quarter worth about $198,000. Brown Advisory Inc. boosted its position in shares of Murphy USA by 12.1% in the fourth quarter. Brown Advisory Inc. now owns 839,468 shares of the specialty retailer’s stock worth $51,602,000 after buying an additional 90,536 shares during the last quarter. Finally, Elkfork Partners LLC acquired a new position in shares of Murphy USA during the fourth quarter worth about $1,690,000. 81.15% of the stock is owned by institutional investors and hedge funds.
Murphy USA Inc (NYSE:MUSA) traded up 0.50% on Friday, hitting $69.79. 293,766 shares of the stock traded hands. The stock has a 50 day moving average of $70.65 and a 200 day moving average of $67.21. The firm has a market capitalization of $2.58 billion, a PE ratio of 12.48 and a beta of 0.76. Murphy USA Inc has a 52 week low of $56.92 and a 52 week high of $80.44.
MUSA has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Murphy USA from a “sell” rating to a “hold” rating in a research report on Tuesday. Wells Fargo & Co cut shares of Murphy USA from an “outperform” rating to a “market perform” rating in a research report on Tuesday. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $81.50.
In other Murphy USA news, insider Marn K. Cheng sold 4,547 shares of the stock in a transaction that occurred on Wednesday, March 8th. The shares were sold at an average price of $66.00, for a total transaction of $300,102.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Claiborne P. Deming acquired 15,000 shares of the business’s stock in a transaction on Tuesday, February 7th. The shares were bought at an average cost of $65.39 per share, with a total value of $980,850.00. Following the completion of the acquisition, the director now owns 233,989 shares in the company, valued at $15,300,540.71. The disclosure for this purchase can be found here. Insiders purchased a total of 41,298 shares of company stock valued at $2,691,830 over the last three months. 6.98% of the stock is currently owned by 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.
