CX Institutional Lowers Stock Holdings in Murphy USA Inc. (NYSE:MUSA)

CX Institutional lessened its stake in shares of Murphy USA Inc. (NYSE:MUSA) by 2.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,612 shares of the specialty retailer’s stock after selling 152 shares during the period. CX Institutional’s holdings in Murphy USA were worth $3,574,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in MUSA. Quadrant Capital Group LLC raised its position in shares of Murphy USA by 19.0% during the 4th quarter. Quadrant Capital Group LLC now owns 188 shares of the specialty retailer’s stock valued at $67,000 after buying an additional 30 shares during the period. SYSTM Wealth Solutions LLC lifted its holdings in shares of Murphy USA by 3.8% in the 1st quarter. SYSTM Wealth Solutions LLC now owns 844 shares of the specialty retailer’s stock worth $354,000 after acquiring an additional 31 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Murphy USA by 5.1% during the 1st quarter. GAMMA Investing LLC now owns 643 shares of the specialty retailer’s stock worth $270,000 after purchasing an additional 31 shares during the period. Resonant Capital Advisors LLC lifted its stake in Murphy USA by 4.4% during the first quarter. Resonant Capital Advisors LLC now owns 860 shares of the specialty retailer’s stock worth $361,000 after purchasing an additional 36 shares in the last quarter. Finally, First Affirmative Financial Network grew its stake in shares of Murphy USA by 6.0% in the first quarter. First Affirmative Financial Network now owns 689 shares of the specialty retailer’s stock valued at $289,000 after buying an additional 39 shares in the last quarter. Hedge funds and other institutional investors own 80.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on MUSA shares. Royal Bank of Canada decreased their price target on shares of Murphy USA from $538.00 to $537.00 and set a “sector perform” rating for the company in a research report on Thursday, August 1st. Wells Fargo & Company increased their price target on Murphy USA from $540.00 to $560.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Raymond James raised their target price on shares of Murphy USA from $530.00 to $545.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. Finally, StockNews.com upgraded shares of Murphy USA from a “hold” rating to a “buy” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $469.50.

Murphy USA Stock Performance

Shares of MUSA opened at $517.37 on Friday. The company has a 50-day simple moving average of $479.14 and a 200-day simple moving average of $433.24. The company has a market capitalization of $10.72 billion, a PE ratio of 21.71 and a beta of 0.77. The company has a quick ratio of 0.54, a current ratio of 0.84 and a debt-to-equity ratio of 2.20. Murphy USA Inc. has a 52-week low of $307.45 and a 52-week high of $521.54.

Murphy USA (NYSE:MUSA) last released its quarterly earnings results on Wednesday, July 31st. The specialty retailer reported $6.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.91 by $0.01. The business had revenue of $5.45 billion during the quarter, compared to the consensus estimate of $5.69 billion. Murphy USA had a return on equity of 64.73% and a net margin of 2.50%. The business’s revenue was down 2.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $6.02 EPS. Equities research analysts predict that Murphy USA Inc. will post 24.83 earnings per share for the current fiscal year.

Insider Activity

In related news, VP Donald R. Smith, Jr. sold 854 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $438.75, for a total transaction of $374,692.50. Following the completion of the transaction, the vice president now owns 20,099 shares of the company’s stock, valued at $8,818,436.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, VP Donald R. Smith, Jr. sold 854 shares of Murphy USA stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $438.75, for a total value of $374,692.50. Following the transaction, the vice president now directly owns 20,099 shares of the company’s stock, valued at approximately $8,818,436.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert Madison Murphy sold 16,755 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $514.54, for a total transaction of $8,621,117.70. Following the completion of the transaction, the director now owns 396,384 shares in the company, valued at approximately $203,955,423.36. The disclosure for this sale can be found here. Insiders sold a total of 28,001 shares of company stock valued at $13,571,616 over the last 90 days. Insiders own 9.04% of the company’s stock.

Murphy USA Profile

Murphy USA Inc engages in marketing of retail motor fuel products and convenience merchandise. The company operates retail stores under the Murphy USA, Murphy Express, and QuickChek brands, as well as operates non-fuel convenience stores. It operates retail gasoline stores principally in the Southeast, Southwest, and Midwest United States.