Murphy USA Inc. (MUSA) Shares Bought by Zacks Investment Management
Zacks Investment Management raised its position in Murphy USA Inc. (NYSE:MUSA) by 14.9% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,775 shares of the company’s stock after buying an additional 2,561 shares during the period. Zacks Investment Management owned about 0.05% of Murphy USA worth $1,411,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Victory Capital Management Inc. boosted its position in shares of Murphy USA by 76.9% in the second quarter. Victory Capital Management Inc. now owns 1,348 shares of the company’s stock worth $100,000 after buying an additional 586 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Murphy USA by 63.5% in the third quarter. Tower Research Capital LLC TRC now owns 1,480 shares of the company’s stock worth $106,000 after buying an additional 575 shares during the last quarter. Pinkerton Retirement Specialists LLC purchased a new position in shares of Murphy USA during the second quarter worth about $134,000. 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 during the last quarter. Finally, Kernodle & Katon Asset Management Group LLC boosted its position in shares of Murphy USA by 934.8% in the second quarter. Kernodle & Katon Asset Management Group LLC now owns 2,587 shares of the company’s stock worth $192,000 after buying an additional 2,337 shares during the last quarter. 83.14% of the stock is owned by institutional investors.
Shares of Murphy USA Inc. (NYSE:MUSA) traded down 1.78% during midday trading on Friday, hitting $61.18. The company had a trading volume of 374,689 shares. The firm’s 50 day moving average is $65.58 and its 200 day moving average is $70.57. The company has a market capitalization of $2.36 billion, a P/E ratio of 10.14 and a beta of 0.75. Murphy USA Inc. has a 52 week low of $51.68 and a 52 week high of $80.44.
Murphy USA (NYSE:MUSA) last released 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. Murphy USA had a net margin of 2.13% and a return on equity of 19.89%. The firm had revenue of $3.04 billion for the quarter, compared to analysts’ expectations of $3.13 billion. During the same quarter in the previous year, the business earned $1.40 EPS. The company’s revenue for the quarter was down 10.0% on a year-over-year basis. Equities research analysts anticipate that Murphy USA Inc. will post $4.08 EPS for the current year.
A number of equities research analysts have commented on MUSA shares. Stephens upgraded Murphy USA from an “equal weight” rating to an “overweight” rating in a research report on Thursday, November 17th. Zacks Investment Research upgraded Murphy USA from a “sell” rating to a “hold” rating in a research report on Thursday, November 3rd. Jefferies Group reiterated a “buy” rating and issued a $85.00 price target on shares of Murphy USA in a research report on Sunday, December 4th. Finally, Wells Fargo & Company reiterated a “buy” rating and issued a $81.00 price target on shares of Murphy USA in a research report on Tuesday, September 20th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Murphy USA currently has a consensus 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.
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