Murphy USA Inc (NYSE:MUSA) Sees Large Decline in Short Interest

Murphy USA Inc (NYSE:MUSA) saw a significant decline in short interest in November. As of November 29th, there was short interest totalling 1,930,000 shares, a decline of 19.6% from the November 14th total of 2,400,000 shares. Currently, 6.7% of the company’s stock are sold short. Based on an average daily volume of 381,400 shares, the days-to-cover ratio is currently 5.1 days.

A number of large investors have recently made changes to their positions in the business. Maverick Capital Ltd. purchased a new position in Murphy USA during the third quarter valued at $5,841,000. Man Group plc raised its stake in Murphy USA by 5.5% during the third quarter. Man Group plc now owns 279,202 shares of the specialty retailer’s stock valued at $23,816,000 after buying an additional 14,610 shares during the last quarter. Voloridge Investment Management LLC raised its stake in Murphy USA by 80.1% during the third quarter. Voloridge Investment Management LLC now owns 69,157 shares of the specialty retailer’s stock valued at $5,899,000 after buying an additional 30,760 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in Murphy USA by 17.8% during the third quarter. Public Employees Retirement System of Ohio now owns 15,651 shares of the specialty retailer’s stock valued at $1,335,000 after buying an additional 2,361 shares during the last quarter. Finally, Parametric Portfolio Associates LLC raised its stake in Murphy USA by 5.4% during the third quarter. Parametric Portfolio Associates LLC now owns 162,474 shares of the specialty retailer’s stock valued at $13,859,000 after buying an additional 8,345 shares during the last quarter. Institutional investors and hedge funds own 86.47% of the company’s stock.

MUSA has been the topic of several research reports. Wells Fargo & Co lifted their price target on Murphy USA from $80.00 to $87.00 and gave the company a “market perform” rating in a research report on Wednesday, October 23rd. ValuEngine lowered Murphy USA from a “buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Finally, Stephens upgraded Murphy USA from an “equal” rating to an “overweight” rating and lifted their price target for the company from $92.00 to $100.00 in a research report on Tuesday, October 15th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $92.67.

Shares of NYSE MUSA traded down $1.22 during mid-day trading on Friday, hitting $116.60. 409,983 shares of the stock traded hands, compared to its average volume of 329,710. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.83 and a current ratio of 1.29. Murphy USA has a 52 week low of $69.98 and a 52 week high of $121.24. The company has a market cap of $3.62 billion, a price-to-earnings ratio of 19.27, a PEG ratio of 5.33 and a beta of 0.71. The stock has a fifty day moving average price of $114.07 and a 200-day moving average price of $93.55.

Murphy USA (NYSE:MUSA) last announced its quarterly earnings data on Wednesday, October 30th. The specialty retailer reported $2.55 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.51 by $1.04. The business had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $3.66 billion. Murphy USA had a return on equity of 24.55% and a net margin of 1.31%. As a group, sell-side analysts predict that Murphy USA will post 5.51 EPS for the current fiscal year.

About Murphy USA

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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