Sanders Morris Harris LLC acquired a new position in shares of Murphy USA Inc (NYSE:MUSA) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,000 shares of the specialty retailer’s stock, valued at approximately $260,000.
A number of other large investors also recently bought and sold shares of the business. State Street Corp raised its stake in Murphy USA by 1.8% in the 1st quarter. State Street Corp now owns 1,030,865 shares of the specialty retailer’s stock valued at $86,964,000 after purchasing an additional 18,383 shares during the last quarter. Clearbridge Investments LLC boosted its stake in Murphy USA by 4.3% during the first quarter. Clearbridge Investments LLC now owns 683,957 shares of the specialty retailer’s stock valued at $57,699,000 after buying an additional 28,078 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in Murphy USA by 660.8% during the second quarter. Robeco Institutional Asset Management B.V. now owns 652,993 shares of the specialty retailer’s stock valued at $73,520,000 after buying an additional 567,165 shares in the last quarter. Geode Capital Management LLC boosted its stake in Murphy USA by 7.5% during the first quarter. Geode Capital Management LLC now owns 411,372 shares of the specialty retailer’s stock valued at $34,702,000 after buying an additional 28,669 shares in the last quarter. Finally, Prudential Financial Inc. boosted its stake in Murphy USA by 423.9% during the second quarter. Prudential Financial Inc. now owns 275,695 shares of the specialty retailer’s stock valued at $31,040,000 after buying an additional 223,075 shares in the last quarter. Institutional investors own 84.71% of the company’s stock.
In related news, SVP Terry P. Hatten sold 646 shares of Murphy USA stock in a transaction on Friday, September 18th. The stock was sold at an average price of $135.46, for a total transaction of $87,507.16. Following the completion of the sale, the senior vice president now directly owns 2,000 shares of the company’s stock, valued at $270,920. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO R Andrew Clyde sold 3,845 shares of Murphy USA stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of $140.01, for a total value of $538,338.45. Following the sale, the chief executive officer now directly owns 145,441 shares of the company’s stock, valued at $20,363,194.41. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 31,796 shares of company stock valued at $4,423,417. 7.09% of the stock is owned by insiders.
MUSA traded down $1.32 during midday trading on Friday, reaching $125.55. The company’s stock had a trading volume of 181,223 shares, compared to its average volume of 384,217. The stock has a market cap of $3.66 billion, a P/E ratio of 10.15 and a beta of 1.06. The company has a fifty day simple moving average of $133.47 and a 200 day simple moving average of $120.78. The company has a current ratio of 1.52, a quick ratio of 1.05 and a debt-to-equity ratio of 1.06. Murphy USA Inc has a twelve month low of $78.75 and a twelve month high of $144.09.
Murphy USA (NYSE:MUSA) last announced its quarterly earnings data on Tuesday, July 21st. The specialty retailer reported $5.73 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $4.31 by $1.42. The company had revenue of $2.38 billion for the quarter, compared to analyst estimates of $2.57 billion. Murphy USA had a return on equity of 47.64% and a net margin of 2.96%. Murphy USA’s revenue for the quarter was down 37.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.01 EPS. Sell-side analysts expect that Murphy USA Inc will post 12.77 earnings per share for the current year.
Several research analysts recently weighed in on the company. ValuEngine cut Murphy USA from a “sell” rating to a “strong sell” rating in a research note on Monday, October 12th. Zacks Investment Research lowered Murphy USA from a “buy” rating to a “sell” rating and set a $135.00 price target for the company. in a research report on Friday.
Murphy USA Profile
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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