World Asset Management Inc increased its stake in Murphy USA Inc. (NYSE:MUSA) by 18.6% during the third quarter, Holdings Channel reports. The firm owned 3,576 shares of the company’s stock after buying an additional 562 shares during the period. World Asset Management Inc’s holdings in Murphy USA were worth $255,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. A.R.T. Advisors LLC raised its stake in Murphy USA by 57.7% in the first quarter. A.R.T. Advisors LLC now owns 13,397 shares of the company’s stock valued at $823,000 after buying an additional 4,900 shares during the period. Barclays PLC raised its stake in Murphy USA by 494.6% in the first quarter. Barclays PLC now owns 12,314 shares of the company’s stock valued at $751,000 after buying an additional 10,243 shares during the period. Seven Eight Capital LLC bought a new stake in Murphy USA during the first quarter valued at $350,000. Royal Bank of Canada raised its stake in Murphy USA by 27.9% in the first quarter. Royal Bank of Canada now owns 331,347 shares of the company’s stock valued at $20,361,000 after buying an additional 72,259 shares during the period. Finally, Squarepoint Ops LLC bought a new stake in Murphy USA during the first quarter valued at $581,000. Hedge funds and other institutional investors own 83.22% of the company’s stock.
Murphy USA Inc. (NYSE:MUSA) traded up 0.43% during mid-day trading on Friday, hitting $70.24. The stock had a trading volume of 79,389 shares. The firm has a market capitalization of $2.71 billion, a price-to-earnings ratio of 11.65 and a beta of 0.83. Murphy USA Inc. has a one year low of $51.68 and a one year high of $80.44. The stock’s 50 day moving average price is $67.30 and its 200 day moving average price is $71.28.
Murphy USA (NYSE:MUSA) last posted its quarterly earnings results on Wednesday, November 2nd. The company reported $1.16 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.60 by $0.44. The company earned $3.04 billion during the quarter, compared to the consensus estimate of $3.13 billion. Murphy USA had a net margin of 2.13% and a return on equity of 19.89%. The firm’s revenue for the quarter was down 10.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.40 earnings per share. Analysts forecast that Murphy USA Inc. will post $4.12 EPS for the current year.
A number of research analysts have recently commented on the company. JPMorgan Chase & Co. lowered 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 report on Monday, August 1st. Wells Fargo & Co. reiterated a “buy” rating and set a $81.00 price target on shares of Murphy USA in a report on Tuesday, September 20th. Zacks Investment Research lowered Murphy USA from a “hold” rating to a “sell” rating in a report on Thursday, October 6th. Jefferies Group set a $89.00 price target on Murphy USA and gave the stock a “buy” rating in a report on Saturday, October 1st. Finally, Stephens upgraded Murphy USA from an “equal weight” rating to an “overweight” rating in a report on Thursday, November 17th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $81.50.
Murphy USA Company Profile
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.