Victory Capital Management Inc. increased its position in Murphy USA Inc. (NYSE:MUSA) by 76.9% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,348 shares of the company’s stock after buying an additional 586 shares during the period. Victory Capital Management Inc.’s holdings in Murphy USA were worth $100,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in the company. First Manhattan Co. boosted its position in Murphy USA by 5.2% in the second quarter. First Manhattan Co. now owns 2,010 shares of the company’s stock valued at $149,000 after buying an additional 100 shares during the period. LS Investment Advisors LLC boosted its position in Murphy USA by 55.9% in the second quarter. LS Investment Advisors LLC now owns 2,268 shares of the company’s stock valued at $168,000 after buying an additional 813 shares during the period. Raymond James Trust N.A. acquired a new position in Murphy USA during the second quarter valued at about $200,000. Neuberger Berman Group LLC acquired a new position in Murphy USA during the second quarter valued at about $203,000. Finally, IFP Advisors Inc boosted its position in Murphy USA by 16.7% in the first quarter. IFP Advisors Inc now owns 3,516 shares of the company’s stock valued at $216,000 after buying an additional 503 shares during the period. 77.70% of the stock is currently owned by institutional investors and hedge funds.
Murphy USA Inc. (NYSE:MUSA) traded down 1.54% during midday trading on Friday, reaching $71.38. The company’s stock had a trading volume of 190,727 shares. Murphy USA Inc. has a 12-month low of $51.68 and a 12-month high of $80.44. The firm has a 50 day moving average price of $72.93 and a 200-day moving average price of $69.61. The company has a market cap of $2.80 billion, a P/E ratio of 11.41 and a beta of 0.80.
Murphy USA (NYSE:MUSA) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.18. The business earned $3.01 billion during the quarter, compared to analyst estimates of $3.15 billion. Murphy USA had a return on equity of 22.06% and a net margin of 2.20%. The company’s revenue for the quarter was down 13.3% on a year-over-year basis. During the same period last year, the company earned $0.59 EPS. On average, equities research analysts predict that Murphy USA Inc. will post $4.71 earnings per share for the current fiscal year.
Several equities research analysts recently weighed in on the company. Jefferies Group set a $89.00 price target on Murphy USA and gave the stock a “buy” rating in a research note on Saturday, October 1st. Wells Fargo & Co. reaffirmed a “buy” rating and issued a $81.00 price target on shares of Murphy USA in a research note on Tuesday, September 20th. Stephens cut Murphy USA from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, July 12th. Zacks Investment Research cut Murphy USA from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 23rd. Finally, JPMorgan Chase & Co. cut Murphy USA from an “overweight” rating to a “neutral” rating and upped their price target for the stock from $75.00 to $85.00 in a research note on Monday, August 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. Murphy USA presently has a consensus rating of “Hold” and a consensus price target of $82.50.
In other news, CFO Malynda K. West sold 9,463 shares of the firm’s stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $77.54, for a total value of $733,761.02. Following the completion of the sale, the chief financial officer now directly owns 55,045 shares of the company’s stock, valued at approximately $4,268,189.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP John A. Moore sold 5,290 shares of the firm’s stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $78.05, for a total value of $412,884.50. Following the completion of the sale, the senior vice president now directly owns 21,590 shares of the company’s stock, valued at $1,685,099.50. The disclosure for this sale can be found here. 6.98% of the stock is owned by insiders.
About Murphy USA
Murphy USA Inc (Murphy USA) is engaged in the marketing of retail motor fuel products and convenience 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. Its retail stores are located in over 20 states, in the Southwest, Southeast and Midwest United States.