Barclays PLC Trims Position in Murphy USA Inc. (NYSE:MUSA)

Barclays PLC decreased its holdings in Murphy USA Inc. (NYSE:MUSAFree Report) by 34.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 19,492 shares of the specialty retailer’s stock after selling 10,186 shares during the period. Barclays PLC owned approximately 0.09% of Murphy USA worth $6,660,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Pinebridge Investments L.P. grew its position in shares of Murphy USA by 136.1% in the second quarter. Pinebridge Investments L.P. now owns 85 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 49 shares in the last quarter. First Horizon Advisors Inc. grew its holdings in Murphy USA by 70.8% in the 2nd quarter. First Horizon Advisors Inc. now owns 111 shares of the specialty retailer’s stock valued at $35,000 after buying an additional 46 shares in the last quarter. C M Bidwell & Associates Ltd. acquired a new stake in shares of Murphy USA in the 2nd quarter worth $38,000. Fifth Third Bancorp raised its holdings in shares of Murphy USA by 34.2% during the 3rd quarter. Fifth Third Bancorp now owns 153 shares of the specialty retailer’s stock worth $52,000 after acquiring an additional 39 shares during the period. Finally, Covington Capital Management acquired a new position in shares of Murphy USA during the 3rd quarter valued at about $61,000. 83.95% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Murphy USA

In related news, SVP Jennifer Bridges sold 2,268 shares of Murphy USA stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $365.41, for a total value of $828,749.88. Following the completion of the transaction, the senior vice president now owns 2,850 shares in the company, valued at $1,041,418.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, 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 completion of the transaction, the senior vice president now directly owns 2,850 shares in the company, valued at $1,041,418.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CMO Renee M. Bacon sold 7,206 shares of the business’s 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 directly owns 3,083 shares of the company’s stock, valued at $1,133,033.33. The disclosure for this sale can be found here. Corporate insiders own 9.04% of the company’s stock.

Murphy USA Stock Up 9.1 %

Shares of NYSE MUSA opened at $401.03 on Friday. The company has a quick ratio of 0.61, a current ratio of 1.02 and a debt-to-equity ratio of 2.12. The business’s 50 day moving average is $364.20 and its two-hundred day moving average is $348.50. Murphy USA Inc. has a 52-week low of $231.65 and a 52-week high of $402.78. The firm has a market cap of $8.53 billion, a price-to-earnings ratio of 16.91 and a beta of 0.74.

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 (EPS) for the quarter, beating the consensus estimate of $5.79 by $1.21. Murphy USA had a return on equity of 71.06% and a net margin of 2.40%. The firm had revenue of $5.07 billion for the quarter, compared to the consensus estimate of $5.32 billion. During the same quarter in the previous year, the business earned $5.21 EPS. The company’s quarterly revenue was down 5.5% compared to the same quarter last year. Research analysts predict that Murphy USA Inc. will post 25.03 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have commented on MUSA. Jefferies Financial Group upgraded shares of Murphy USA from a “hold” rating to a “buy” rating and boosted their target price for the company from $375.00 to $425.00 in a report on Thursday, January 4th. Stephens reiterated an “overweight” rating and issued a $425.00 price objective on shares of Murphy USA in a research report on Thursday. Royal Bank of Canada raised their target price on Murphy USA from $382.00 to $408.00 and gave the stock a “sector perform” rating in a research note on Thursday. Finally, The Goldman Sachs Group upped their price target on Murphy USA from $252.00 to $280.00 and gave the company a “sell” rating in a research note on Thursday, October 26th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Murphy USA presently has an average rating of “Moderate Buy” and a consensus price target of $384.60.

Read Our Latest Report on Murphy USA

About Murphy USA

(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.

See Also

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

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