Murphy USA Inc. (MUSA) Position Maintained by Oppenheimer & Co. Inc.
Oppenheimer & Co. Inc. continued to hold its stake in shares of Murphy USA Inc. (NYSE:MUSA) during the second quarter, according to its most recent disclosure with the SEC. The firm owned 4,598 shares of the company’s stock at the end of the second quarter. Oppenheimer & Co. Inc.’s holdings in Murphy USA were worth $341,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of the stock. First Manhattan Co. boosted its position in shares of Murphy USA by 5.2% in the second quarter. First Manhattan Co. now owns 2,010 shares of the company’s stock worth $149,000 after buying an additional 100 shares in the last quarter. LS Investment Advisors LLC boosted its position in shares of Murphy USA by 55.9% in the second quarter. LS Investment Advisors LLC now owns 2,268 shares of the company’s stock worth $168,000 after buying an additional 813 shares in the last quarter. Raymond James Trust N.A. purchased a new position in shares of Murphy USA during the second quarter worth $200,000. Neuberger Berman Group LLC purchased a new position in shares of Murphy USA during the second quarter worth $203,000. Finally, IFP Advisors Inc boosted its position in shares of Murphy USA by 16.7% in the first quarter. IFP Advisors Inc now owns 3,516 shares of the company’s stock worth $216,000 after buying an additional 503 shares in the last quarter. Hedge funds and other institutional investors own 77.71% of the company’s stock.
Shares of Murphy USA Inc. (NYSE:MUSA) traded down 3.24% during trading on Tuesday, reaching $70.52. The company’s stock had a trading volume of 197,344 shares. The company has a 50 day moving average of $74.62 and a 200-day moving average of $68.98. The stock has a market cap of $2.76 billion, a price-to-earnings ratio of 11.28 and a beta of 0.79. Murphy USA Inc. has a 12-month low of $51.68 and a 12-month high of $80.44.
Murphy USA (NYSE:MUSA) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.18. The firm 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 business’s quarterly revenue was down 13.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.59 earnings per share. Analysts forecast that Murphy USA Inc. will post $4.80 EPS for the current year.
A number of brokerages recently weighed in on MUSA. Wells Fargo & Co. reissued a “buy” rating on shares of Murphy USA in a report on Tuesday. JPMorgan Chase & Co. cut Murphy USA from an “overweight” rating to a “neutral” rating and raised their price objective for the company from $75.00 to $85.00 in a report on Monday, August 1st. Jefferies Group set a $90.00 price target on Murphy USA and gave the stock a “buy” rating in a research note on Wednesday, July 27th. Finally, Stephens cut Murphy USA from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, July 12th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $83.33.
In other news, SVP John A. Moore sold 5,290 shares of the company’s stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $78.05, for a total value of $412,884.50. Following the completion of the transaction, the senior vice president now owns 21,590 shares of the company’s stock, valued at $1,685,099.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Malynda K. West sold 9,463 shares of the company’s stock in a transaction dated 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 transaction, the chief financial officer now directly owns 55,045 shares of the company’s stock, valued at approximately $4,268,189.30. 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.
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