CLARET ASSET MANAGEMENT Corp cut its holdings in Murphy USA Inc (NYSE:MUSA) by 4.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,275 shares of the specialty retailer’s stock after selling 365 shares during the period. CLARET ASSET MANAGEMENT Corp’s holdings in Murphy USA were worth $621,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Advisor Group Inc. increased its holdings in shares of Murphy USA by 61.2% in the second quarter. Advisor Group Inc. now owns 851 shares of the specialty retailer’s stock valued at $72,000 after purchasing an additional 323 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of Murphy USA in the first quarter valued at $9,363,000. FMR LLC increased its holdings in shares of Murphy USA by 92.3% in the first quarter. FMR LLC now owns 975,626 shares of the specialty retailer’s stock valued at $83,532,000 after purchasing an additional 468,295 shares during the last quarter. Stone Ridge Asset Management LLC increased its holdings in shares of Murphy USA by 71.1% in the second quarter. Stone Ridge Asset Management LLC now owns 14,196 shares of the specialty retailer’s stock valued at $1,193,000 after purchasing an additional 5,900 shares during the last quarter. Finally, AQR Capital Management LLC increased its holdings in shares of Murphy USA by 14.5% in the second quarter. AQR Capital Management LLC now owns 734,277 shares of the specialty retailer’s stock valued at $61,701,000 after purchasing an additional 93,089 shares during the last quarter. Institutional investors own 85.31% of the company’s stock.
Several equities analysts have commented on MUSA shares. TheStreet upgraded shares of Murphy USA from a “c+” rating to a “b+” rating in a report on Wednesday, July 31st. ValuEngine downgraded shares of Murphy USA from a “buy” rating to a “hold” rating in a report on Wednesday, September 4th. Finally, Zacks Investment Research raised shares of Murphy USA from a “hold” rating to a “buy” rating and set a $91.00 target price for the company in a research report on Monday, July 8th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $84.00.
Murphy USA (NYSE:MUSA) last announced its earnings results on Wednesday, July 31st. The specialty retailer reported $1.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.16 by ($0.15). The business had revenue of $3.80 billion during the quarter, compared to the consensus estimate of $3.56 billion. Murphy USA had a net margin of 1.13% and a return on equity of 20.38%. The company’s revenue was down .8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.58 EPS. Equities analysts predict that Murphy USA Inc will post 4.03 earnings per share for the current year.
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.
Further Reading: Diversification
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