Royal Bank of Canada raised its stake in shares of Murphy USA Inc. (NYSE:MUSA) by 4.7% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 953,807 shares of the specialty retailer’s stock after buying an additional 43,107 shares during the quarter. Royal Bank of Canada owned about 2.65% of Murphy USA worth $70,686,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. lifted its holdings in shares of Murphy USA by 10,259.5% in the first quarter. BlackRock Inc. now owns 3,001,041 shares of the specialty retailer’s stock worth $220,335,000 after buying an additional 2,972,072 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Murphy USA by 0.7% in the first quarter. Vanguard Group Inc. now owns 2,844,983 shares of the specialty retailer’s stock valued at $208,879,000 after acquiring an additional 18,620 shares during the period. Iridian Asset Management LLC CT boosted its position in shares of Murphy USA by 79.5% in the second quarter. Iridian Asset Management LLC CT now owns 2,202,973 shares of the specialty retailer’s stock valued at $163,262,000 after acquiring an additional 975,880 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Murphy USA by 30.3% in the second quarter. JPMorgan Chase & Co. now owns 1,216,985 shares of the specialty retailer’s stock valued at $90,192,000 after acquiring an additional 282,812 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in Murphy USA by 2.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,148,891 shares of the specialty retailer’s stock valued at $85,143,000 after acquiring an additional 25,895 shares in the last quarter. Hedge funds and other institutional investors own 97.29% of the company’s stock.

In related news, EVP Daryl R. Schofield purchased 3,000 shares of the firm’s stock in a transaction on Thursday, August 17th. The shares were acquired at an average price of $66.00 per share, for a total transaction of $198,000.00. Following the purchase, the executive vice president now directly owns 3,000 shares in the company, valued at $198,000. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP John A. Moore sold 1,030 shares of the business’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $71.46, for a total transaction of $73,603.80. Following the completion of the sale, the senior vice president now owns 18,169 shares in the company, valued at approximately $1,298,356.74. The disclosure for this sale can be found here. 7.30% of the stock is currently owned by corporate insiders.

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A number of analysts recently weighed in on MUSA shares. BidaskClub raised shares of Murphy USA from a “hold” rating to a “buy” rating in a report on Tuesday, June 20th. Stephens boosted their price target on shares of Murphy USA from $76.00 to $83.00 and gave the company an “overweight” rating in a research report on Friday, June 30th. Zacks Investment Research upgraded shares of Murphy USA from a “strong sell” rating to a “hold” rating and set a $83.00 price target for the company in a research report on Saturday, July 1st. William Blair assumed coverage on Murphy USA in a research report on Wednesday, July 12th. They issued a “market perform” rating on the stock. Finally, Jefferies Group LLC reissued a “buy” rating and set a $83.00 price objective (up previously from $77.00) on shares of Murphy USA in a research note on Monday, July 17th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $84.00.

Shares of Murphy USA Inc. (NYSE:MUSA) traded up 0.42% during trading on Wednesday, hitting $70.91. 21,041 shares of the stock were exchanged. The firm has a 50 day moving average of $66.79 and a 200-day moving average of $69.90. Murphy USA Inc. has a 52-week low of $57.13 and a 52-week high of $79.98. The stock has a market cap of $2.56 billion, a PE ratio of 18.91 and a beta of 0.72.

Murphy USA (NYSE:MUSA) last released its quarterly earnings data on Wednesday, August 2nd. The specialty retailer reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.42. Murphy USA had a net margin of 1.15% and a return on equity of 20.19%. The firm had revenue of $3.21 billion for the quarter, compared to analysts’ expectations of $3.27 billion. During the same quarter last year, the business posted $1.17 earnings per share. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. Equities research analysts anticipate that Murphy USA Inc. will post $3.69 earnings per share for the current fiscal year.

Murphy USA Company Profile

Murphy USA Inc is engaged in the marketing of retail motor fuel products and 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. As of December 31, 2016, its retail stores were located in 26 states, primarily in the Southwest, Southeast and Midwest the United States.

Institutional Ownership by Quarter for Murphy USA (NYSE:MUSA)

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