Mutual of America Capital Management LLC Cuts Stock Holdings in Murphy USA Inc. (NYSE:MUSA)

Mutual of America Capital Management LLC trimmed its stake in shares of Murphy USA Inc. (NYSE:MUSAFree Report) by 27.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,330 shares of the specialty retailer’s stock after selling 6,074 shares during the period. Mutual of America Capital Management LLC’s holdings in Murphy USA were worth $5,580,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. BlackRock Inc. grew its stake in Murphy USA by 1.4% during the first quarter. BlackRock Inc. now owns 2,670,297 shares of the specialty retailer’s stock valued at $533,953,000 after acquiring an additional 35,610 shares in the last quarter. Morgan Stanley grew its stake in shares of Murphy USA by 76.4% in the 4th quarter. Morgan Stanley now owns 379,886 shares of the specialty retailer’s stock worth $106,194,000 after buying an additional 164,519 shares in the last quarter. Millennium Management LLC grew its stake in shares of Murphy USA by 29.4% in the 4th quarter. Millennium Management LLC now owns 355,479 shares of the specialty retailer’s stock worth $99,371,000 after buying an additional 80,791 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Murphy USA by 0.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 336,842 shares of the specialty retailer’s stock worth $104,795,000 after buying an additional 2,191 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of Murphy USA by 20.6% in the 2nd quarter. Goldman Sachs Group Inc. now owns 332,877 shares of the specialty retailer’s stock worth $77,518,000 after buying an additional 56,905 shares in the last quarter. 83.95% of the stock is owned by hedge funds and other institutional investors.

Murphy USA Price Performance

Murphy USA stock opened at $393.71 on Monday. The firm has a 50-day moving average price of $364.67 and a 200-day moving average price of $349.53. The firm has a market capitalization of $8.38 billion, a PE ratio of 15.43 and a beta of 0.74. The company has a current ratio of 0.95, a quick ratio of 0.56 and a debt-to-equity ratio of 2.15. Murphy USA Inc. has a 12-month low of $231.65 and a 12-month high of $404.93.

Murphy USA (NYSE:MUSAGet Free Report) last released its earnings results on Wednesday, February 7th. The specialty retailer reported $7.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.79 by $1.21. Murphy USA had a net margin of 2.59% and a return on equity of 70.92%. The firm had revenue of $5.07 billion during the quarter, compared to analyst estimates of $5.32 billion. During the same quarter last year, the business earned $5.21 EPS. The business’s revenue was down 5.5% on a year-over-year basis. As a group, equities research analysts forecast that Murphy USA Inc. will post 24.9 EPS for the current year.

Wall Street Analyst Weigh In

MUSA has been the subject of a number of recent research reports. Wells Fargo & Company lifted their price objective on shares of Murphy USA from $395.00 to $440.00 and gave the stock an “overweight” rating in a research note on Friday. Royal Bank of Canada lifted their price objective on shares of Murphy USA from $382.00 to $408.00 and gave the stock a “sector perform” rating in a research note on Thursday. The Goldman Sachs Group lifted their price objective on shares of Murphy USA from $252.00 to $280.00 and gave the stock a “sell” rating in a research note on Thursday, October 26th. Jefferies Financial Group raised shares of Murphy USA from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $375.00 to $425.00 in a research note on Thursday, January 4th. Finally, Stephens reissued an “overweight” rating and issued a $425.00 price objective on shares of Murphy USA in a research note on Thursday. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Murphy USA presently has an average rating of “Moderate Buy” and a consensus target price of $395.60.

View Our Latest Stock Report on MUSA

Insiders Place Their Bets

In other Murphy USA news, SVP Jennifer Bridges sold 2,268 shares of the firm’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $365.41, for a total transaction of $828,749.88. Following the transaction, the senior vice president now directly owns 2,850 shares in the company, valued at approximately $1,041,418.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CMO Renee M. Bacon sold 7,206 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $367.51, for a total transaction of $2,648,277.06. Following the transaction, the chief marketing officer now directly owns 3,083 shares in the company, valued at $1,133,033.33. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Jennifer Bridges sold 2,268 shares of the stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $365.41, for a total value of $828,749.88. Following the sale, the senior vice president now directly owns 2,850 shares in the company, valued at approximately $1,041,418.50. The disclosure for this sale can be found here. Insiders own 9.47% of the company’s stock.

About Murphy USA

(Free Report)

Murphy USA Inc engages in marketing of retail motor fuel products and convenience merchandise. The company operates retail stores under the Murphy USA, Murphy Express, and QuickChek brands. It operates retail gasoline stores principally in the Southeast, Southwest, and Midwest United States. The company was founded in 1996 and is headquartered in El Dorado, Arkansas.

Read More

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:MUSAFree Report).

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.