Teacher Retirement System of Texas Acquires 7,728 Shares of Murphy USA Inc. (NYSE:MUSA)

Teacher Retirement System of Texas grew its position in Murphy USA Inc. (NYSE:MUSAGet Rating) by 195.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,685 shares of the specialty retailer’s stock after acquiring an additional 7,728 shares during the period. Teacher Retirement System of Texas’ holdings in Murphy USA were worth $3,212,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Quadrant Capital Group LLC raised its stake in shares of Murphy USA by 47.6% in the second quarter. Quadrant Capital Group LLC now owns 121 shares of the specialty retailer’s stock valued at $28,000 after acquiring an additional 39 shares during the last quarter. First Republic Investment Management Inc. raised its stake in shares of Murphy USA by 0.7% in the first quarter. First Republic Investment Management Inc. now owns 6,221 shares of the specialty retailer’s stock valued at $1,244,000 after acquiring an additional 42 shares during the last quarter. Xponance Inc. raised its stake in shares of Murphy USA by 2.7% in the second quarter. Xponance Inc. now owns 3,471 shares of the specialty retailer’s stock valued at $808,000 after acquiring an additional 91 shares during the last quarter. Sawtooth Solutions LLC raised its stake in shares of Murphy USA by 10.0% in the third quarter. Sawtooth Solutions LLC now owns 1,058 shares of the specialty retailer’s stock valued at $291,000 after acquiring an additional 96 shares during the last quarter. Finally, Financial Management Professionals Inc. bought a new position in shares of Murphy USA in the third quarter valued at approximately $27,000. Institutional investors own 85.30% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on MUSA. Royal Bank of Canada began coverage on shares of Murphy USA in a research report on Wednesday, December 14th. They issued a “sector perform” rating and a $360.00 price objective for the company. Stephens lifted their target price on shares of Murphy USA from $315.00 to $355.00 and gave the stock an “overweight” rating in a report on Friday, October 28th. The Goldman Sachs Group boosted their price target on shares of Murphy USA from $200.00 to $228.00 and gave the company a “sell” rating in a report on Wednesday, October 19th. StockNews.com lowered shares of Murphy USA from a “strong-buy” rating to a “buy” rating in a report on Monday. Finally, Wells Fargo & Company raised shares of Murphy USA from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $305.00 to $350.00 in a research report on Monday. One analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Murphy USA presently has an average rating of “Moderate Buy” and a consensus price target of $325.60.

Murphy USA Trading Up 1.5 %

Shares of NYSE:MUSA opened at $262.10 on Wednesday. The company’s 50-day moving average price is $280.96 and its two-hundred day moving average price is $284.03. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.01 and a quick ratio of 0.64. Murphy USA Inc. has a one year low of $164.30 and a one year high of $323.00. The stock has a market capitalization of $5.92 billion, a PE ratio of 9.66 and a beta of 0.86.

Murphy USA (NYSE:MUSAGet Rating) last issued its earnings results on Wednesday, October 26th. The specialty retailer reported $9.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.82 by $1.46. Murphy USA had a net margin of 2.91% and a return on equity of 84.93%. The company had revenue of $6.19 billion for the quarter, compared to analysts’ expectations of $5.96 billion. On average, equities analysts forecast that Murphy USA Inc. will post 27.26 EPS for the current fiscal year.

Murphy USA Profile

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Murphy USA, Inc engages in marketing motor fuel products and convenience merchandise through retail stores, namely Murphy USA and Murphy Express. It collaborates with Walmart to offer customers discounted and free items based on purchases of qualifying fuel and merchandise. The company was founded on March 1, 2013 and is headquartered in El Dorado, AR.

Further Reading

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

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