ARP Americas LP bought a new position in Murphy USA Inc (NYSE:MUSA) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 3,185 shares of the specialty retailer’s stock, valued at approximately $359,000.
Several other hedge funds have also recently added to or reduced their stakes in MUSA. Guggenheim Capital LLC bought a new position in shares of Murphy USA in the fourth quarter valued at approximately $901,000. Sunbelt Securities Inc. bought a new stake in Murphy USA during the fourth quarter valued at approximately $8,775,000. Verus Capital Partners LLC bought a new stake in Murphy USA during the fourth quarter valued at approximately $40,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Murphy USA during the fourth quarter valued at approximately $597,000. Finally, Norges Bank bought a new stake in Murphy USA during the fourth quarter valued at approximately $47,876,000. Institutional investors own 84.15% of the company’s stock.
MUSA has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Murphy USA from a “hold” rating to a “strong-buy” rating and set a $142.00 target price for the company in a research report on Friday. Stephens lifted their target price on shares of Murphy USA from $130.00 to $157.00 in a research report on Wednesday, June 10th. Finally, ValuEngine lowered shares of Murphy USA from a “sell” rating to a “strong sell” rating in a research report on Monday, June 29th. One analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $122.00.
Murphy USA (NYSE:MUSA) last announced its quarterly earnings data on Tuesday, July 21st. The specialty retailer reported $5.73 earnings per share for the quarter, topping the Zacks’ consensus estimate of $4.31 by $1.42. The firm had revenue of $2.38 billion during the quarter, compared to analyst estimates of $2.57 billion. Murphy USA had a net margin of 2.96% and a return on equity of 47.64%. The business’s quarterly revenue was down 37.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.01 EPS. Research analysts anticipate that Murphy USA Inc will post 12.24 EPS for the current year.
Murphy USA Company 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.
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