State of New Jersey Common Pension Fund D Takes Position in Murphy USA Inc (NYSE:MUSA)

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State of New Jersey Common Pension Fund D acquired a new stake in Murphy USA Inc (NYSE:MUSA) during the fourth quarter, Holdings Channel.com reports. The firm acquired 26,938 shares of the specialty retailer’s stock, valued at approximately $3,152,000.

Several other large investors have also made changes to their positions in MUSA. Cubist Systematic Strategies LLC acquired a new position in shares of Murphy USA in the 2nd quarter valued at about $36,000. Tower Research Capital LLC TRC lifted its stake in shares of Murphy USA by 41.9% in the 3rd quarter. Tower Research Capital LLC TRC now owns 650 shares of the specialty retailer’s stock valued at $55,000 after purchasing an additional 192 shares during the period. Quest Capital Management Inc. ADV acquired a new position in shares of Murphy USA in the 3rd quarter valued at about $62,000. Meeder Asset Management Inc. lifted its stake in shares of Murphy USA by 40,700.0% in the 3rd quarter. Meeder Asset Management Inc. now owns 816 shares of the specialty retailer’s stock valued at $70,000 after purchasing an additional 814 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Murphy USA by 13.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,863 shares of the specialty retailer’s stock valued at $159,000 after purchasing an additional 216 shares during the period. 85.94% of the stock is currently owned by institutional investors.

MUSA stock traded down $0.05 during trading on Friday, reaching $105.42. 3,082 shares of the stock were exchanged, compared to its average volume of 409,543. The firm’s 50 day moving average is $111.06 and its 200 day moving average is $102.32. Murphy USA Inc has a twelve month low of $74.47 and a twelve month high of $121.24. The company has a current ratio of 1.41, a quick ratio of 0.96 and a debt-to-equity ratio of 1.24. The firm has a market cap of $3.24 billion, a P/E ratio of 21.54, a price-to-earnings-growth ratio of 4.67 and a beta of 0.75.

Murphy USA (NYSE:MUSA) last posted its quarterly earnings results on Wednesday, January 29th. The specialty retailer reported $1.54 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.08. Murphy USA had a return on equity of 20.84% and a net margin of 1.10%. The business had revenue of $3.46 billion for the quarter, compared to the consensus estimate of $3.57 billion. During the same period in the prior year, the business earned $2.38 EPS. The firm’s revenue for the quarter was down 1.2% on a year-over-year basis. As a group, analysts predict that Murphy USA Inc will post 5.63 earnings per share for the current fiscal year.

A number of brokerages have recently issued reports on MUSA. ValuEngine downgraded Murphy USA from a “hold” rating to a “sell” rating in a research note on Saturday, February 1st. JPMorgan Chase & Co. raised Murphy USA from an “underweight” rating to a “neutral” rating and boosted their price objective for the company from $100.00 to $102.00 in a research note on Monday, February 3rd. Finally, Wells Fargo & Co boosted their price objective on Murphy USA from $80.00 to $87.00 and gave the company a “market perform” rating in a research note on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $95.00.

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

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