Millennium Management LLC Reduces Stock Holdings in Murphy USA Inc (NYSE:MUSA)

Millennium Management LLC trimmed its position in shares of Murphy USA Inc (NYSE:MUSA) by 99.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 118,263 shares of the specialty retailer’s stock after selling 12,068,886 shares during the period. Millennium Management LLC owned 0.38% of Murphy USA worth $10,087,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Murphy USA by 0.5% in the second quarter. Vanguard Group Inc. now owns 2,964,693 shares of the specialty retailer’s stock valued at $249,122,000 after buying an additional 14,864 shares during the period. AQR Capital Management LLC increased its holdings in Murphy USA by 14.5% in the 2nd quarter. AQR Capital Management LLC now owns 734,277 shares of the specialty retailer’s stock worth $61,701,000 after acquiring an additional 93,089 shares during the last quarter. Northern Trust Corp increased its holdings in Murphy USA by 1.2% in the 2nd quarter. Northern Trust Corp now owns 483,763 shares of the specialty retailer’s stock worth $40,650,000 after acquiring an additional 5,865 shares during the last quarter. River Road Asset Management LLC raised its stake in Murphy USA by 8.1% in the 3rd quarter. River Road Asset Management LLC now owns 432,374 shares of the specialty retailer’s stock valued at $36,882,000 after acquiring an additional 32,359 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in Murphy USA by 5.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 415,672 shares of the specialty retailer’s stock valued at $34,929,000 after acquiring an additional 21,202 shares during the period. 86.46% of the stock is owned by institutional investors and hedge funds.

Shares of MUSA stock opened at $119.11 on Friday. The company’s fifty day simple moving average is $110.14 and its two-hundred day simple moving average is $92.33. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.29 and a quick ratio of 0.83. Murphy USA Inc has a 1 year low of $69.98 and a 1 year high of $121.24. The stock has a market capitalization of $3.66 billion, a price-to-earnings ratio of 22.02, a PEG ratio of 6.08 and a beta of 0.71.

Murphy USA (NYSE:MUSA) last posted its earnings results on Wednesday, October 30th. The specialty retailer reported $2.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $1.04. Murphy USA had a return on equity of 24.55% and a net margin of 1.31%. The firm had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.66 billion. Equities research analysts anticipate that Murphy USA Inc will post 4.95 EPS for the current year.

A number of equities analysts have weighed in on the stock. Stephens upgraded shares of Murphy USA from an “equal” rating to an “overweight” rating and increased their target price for the stock from $92.00 to $100.00 in a research report on Tuesday, October 15th. ValuEngine downgraded shares of Murphy USA from a “buy” rating to a “hold” rating in a research note on Wednesday, September 4th. Finally, Wells Fargo & Co boosted their price target on shares of Murphy USA from $80.00 to $87.00 and gave the company a “market perform” rating in a research report on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $92.67.

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.

Further Reading: Consumer behavior in bull markets

Want to see what other hedge funds are holding MUSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Murphy USA Inc (NYSE:MUSA).

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

Receive News & Ratings for Murphy USA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Murphy USA and related companies with MarketBeat.com's FREE daily email newsletter.