Sciencast Management LP Takes $513,000 Position in Murphy USA Inc (NYSE:MUSA)

Sciencast Management LP purchased a new position in Murphy USA Inc (NYSE:MUSA) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 4,481 shares of the specialty retailer’s stock, valued at approximately $513,000.

Other hedge funds have also recently made changes to their positions in the company. State Street Corp boosted its stake in Murphy USA by 1.8% during the 1st quarter. State Street Corp now owns 1,030,865 shares of the specialty retailer’s stock valued at $86,964,000 after purchasing an additional 18,383 shares during the last quarter. APG Asset Management N.V. boosted its position in shares of Murphy USA by 87.4% during the first quarter. APG Asset Management N.V. now owns 38,413 shares of the specialty retailer’s stock valued at $3,241,000 after buying an additional 17,913 shares during the last quarter. Texas Permanent School Fund increased its holdings in Murphy USA by 24.2% in the 1st quarter. Texas Permanent School Fund now owns 24,565 shares of the specialty retailer’s stock worth $2,072,000 after buying an additional 4,787 shares in the last quarter. Sunbelt Securities Inc. purchased a new position in Murphy USA in the 4th quarter worth about $8,775,000. Finally, Geode Capital Management LLC lifted its stake in Murphy USA by 7.5% during the 1st quarter. Geode Capital Management LLC now owns 411,372 shares of the specialty retailer’s stock valued at $34,702,000 after acquiring an additional 28,669 shares during the period. 84.15% of the stock is currently owned by institutional investors.

MUSA has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of Murphy USA from a “hold” rating to a “strong-buy” rating and set a $142.00 price objective on the stock in a research report on Friday. Stephens boosted their target price on shares of Murphy USA from $130.00 to $157.00 in a research note on Wednesday, June 10th. Finally, ValuEngine downgraded Murphy USA from a “sell” rating to a “strong sell” rating in a research note on Monday, June 29th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. Murphy USA currently has an average rating of “Hold” and a consensus price target of $122.00.

Shares of NYSE:MUSA opened at $132.41 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.52 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $3.86 billion, a PE ratio of 10.70 and a beta of 1.01. The firm’s 50 day moving average price is $117.90 and its 200-day moving average price is $108.63. Murphy USA Inc has a twelve month low of $78.75 and a twelve month high of $141.22.

Murphy USA (NYSE:MUSA) last announced its earnings results on Tuesday, July 21st. The specialty retailer reported $5.73 EPS for the quarter, beating the Zacks’ consensus estimate of $4.31 by $1.42. The business had revenue of $2.38 billion during the quarter, compared to analysts’ expectations of $2.57 billion. Murphy USA had a net margin of 2.96% and a return on equity of 47.64%. The firm’s revenue was down 37.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.01 earnings per share. Analysts expect that Murphy USA Inc will post 12.24 earnings per share for the current fiscal year.

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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