Murphy USA Inc. (NYSE:MUSA) Shares Sold by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp cut its holdings in Murphy USA Inc. (NYSE:MUSAFree Report) by 6.0% in the third quarter, HoldingsChannel reports. The firm owned 16,580 shares of the specialty retailer’s stock after selling 1,065 shares during the period. Texas Permanent School Fund Corp’s holdings in Murphy USA were worth $5,666,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Raymond James Financial Services Advisors Inc. lifted its position in Murphy USA by 213.6% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 6,789 shares of the specialty retailer’s stock worth $1,358,000 after acquiring an additional 4,624 shares during the last quarter. Natixis Advisors L.P. acquired a new position in shares of Murphy USA during the 1st quarter worth about $2,016,000. Acadian Asset Management LLC acquired a new position in shares of Murphy USA during the 1st quarter worth about $593,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Murphy USA by 7.5% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,407 shares of the specialty retailer’s stock valued at $1,681,000 after purchasing an additional 588 shares during the period. Finally, BlackRock Inc. grew its holdings in Murphy USA by 1.4% in the 1st quarter. BlackRock Inc. now owns 2,670,297 shares of the specialty retailer’s stock valued at $533,953,000 after buying an additional 35,610 shares during the last quarter. Institutional investors and hedge funds own 83.95% of the company’s stock.

Murphy USA Price Performance

Murphy USA stock opened at $393.71 on Monday. Murphy USA Inc. has a 52 week low of $231.65 and a 52 week high of $404.93. The firm has a market cap of $8.38 billion, a P/E ratio of 15.43 and a beta of 0.74. The company has a debt-to-equity ratio of 2.15, a quick ratio of 0.56 and a current ratio of 0.95. The business’s fifty day moving average is $364.67 and its two-hundred day moving average is $349.53.

Murphy USA (NYSE:MUSAGet Free Report) last posted its quarterly earnings data on Wednesday, February 7th. The specialty retailer reported $7.00 earnings per share for the quarter, beating the consensus estimate of $5.79 by $1.21. Murphy USA had a net margin of 2.59% and a return on equity of 70.92%. The firm had revenue of $5.07 billion during the quarter, compared to analysts’ expectations of $5.32 billion. During the same quarter last year, the company posted $5.21 EPS. The company’s quarterly revenue was down 5.5% compared to the same quarter last year. Equities research analysts forecast that Murphy USA Inc. will post 24.9 earnings per share for the current fiscal year.

Insider Activity at Murphy USA

In related news, SVP Jennifer Bridges sold 2,268 shares of Murphy USA stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $365.41, for a total value of $828,749.88. Following the completion of the sale, the senior vice president now directly owns 2,850 shares in the company, valued at $1,041,418.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CMO Renee M. Bacon sold 7,206 shares of the stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $367.51, for a total value of $2,648,277.06. Following the transaction, the chief marketing officer now owns 3,083 shares of the company’s stock, valued at approximately $1,133,033.33. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Jennifer Bridges sold 2,268 shares of Murphy USA stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $365.41, for a total value of $828,749.88. Following the sale, the senior vice president now directly owns 2,850 shares of the company’s stock, valued at $1,041,418.50. The disclosure for this sale can be found here. 9.47% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

MUSA has been the subject of a number of research analyst reports. Royal Bank of Canada upped their price target on Murphy USA from $382.00 to $408.00 and gave the stock a “sector perform” rating in a report on Thursday. Stephens restated an “overweight” rating and issued a $425.00 price target on shares of Murphy USA in a research report on Thursday. The Goldman Sachs Group upped their price objective on shares of Murphy USA from $252.00 to $280.00 and gave the company a “sell” rating in a research report on Thursday, October 26th. Wells Fargo & Company increased their target price on shares of Murphy USA from $395.00 to $440.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Jefferies Financial Group upgraded Murphy USA from a “hold” rating to a “buy” rating and raised their price objective for the stock from $375.00 to $425.00 in a research report on Thursday, January 4th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $395.60.

Check Out Our Latest Report on Murphy USA

Murphy USA Company Profile

(Free Report)

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. It operates retail gasoline stores principally in the Southeast, Southwest, and Midwest United States. The company was founded in 1996 and is headquartered in El Dorado, Arkansas.

Further Reading

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

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