Jane Street Group LLC raised its position in Murphy USA (NYSE:MUSA) by 132.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,241 shares of the specialty retailer’s stock after buying an additional 13,350 shares during the period. Jane Street Group LLC’s holdings in Murphy USA were worth $260,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of the stock. LSV Asset Management boosted its holdings in Murphy USA by 4.5% in the 4th quarter. LSV Asset Management now owns 1,589,775 shares of the specialty retailer’s stock worth $127,754,000 after buying an additional 67,800 shares during the last quarter. BancorpSouth Bank acquired a new stake in Murphy USA in the 4th quarter worth about $83,141,000. Clearbridge Investments LLC boosted its holdings in Murphy USA by 8.4% in the 4th quarter. Clearbridge Investments LLC now owns 955,882 shares of the specialty retailer’s stock worth $76,815,000 after buying an additional 74,236 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in Murphy USA by 2.7% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 184,301 shares of the specialty retailer’s stock worth $14,811,000 after buying an additional 4,906 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its holdings in Murphy USA by 4.0% in the 3rd quarter. New York State Common Retirement Fund now owns 171,417 shares of the specialty retailer’s stock worth $11,828,000 after buying an additional 6,606 shares during the last quarter. Institutional investors own 93.22% of the company’s stock.
Several research firms recently issued reports on MUSA. Stephens set a $65.00 price objective on Murphy USA and gave the stock a “hold” rating in a report on Wednesday, April 11th. Jefferies Group cut Murphy USA from a “buy” rating to a “hold” rating and set a $73.00 price objective on the stock. in a report on Friday, April 13th. Gabelli cut Murphy USA from a “buy” rating to a “hold” rating and set a $92.00 price objective on the stock. in a report on Thursday, January 11th. Zacks Investment Research upgraded Murphy USA from a “hold” rating to a “strong-buy” rating and set a $98.00 price objective on the stock in a report on Thursday, February 1st. Finally, Wells Fargo lifted their price objective on Murphy USA and gave the stock a “market perform” rating in a report on Thursday, January 4th. One investment analyst has rated the stock with a sell rating and eight have given a hold rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $82.00.
Murphy USA (NYSE:MUSA) last issued its earnings results on Wednesday, January 31st. The specialty retailer reported $3.58 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $2.54. The business had revenue of $3.38 billion for the quarter, compared to analysts’ expectations of $3.25 billion. Murphy USA had a return on equity of 22.69% and a net margin of 1.91%. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.14 EPS. analysts expect that Murphy USA will post 5 earnings per share for the current fiscal year.
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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 January 31, 2018, the company operated approximately 1,446 retail stores located primarily in the Southwest, Southeast, and Midwest United States.
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