PNC Financial Services Group Inc. cut its holdings in shares of Murphy USA Inc. (NYSE:MUSA) by 1.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,356 shares of the specialty retailer’s stock after selling 113 shares during the period. PNC Financial Services Group Inc.’s holdings in Murphy USA were worth $693,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in MUSA. Fifth Third Bancorp grew its position in Murphy USA by 29.3% in the 1st quarter. Fifth Third Bancorp now owns 1,945 shares of the specialty retailer’s stock valued at $143,000 after buying an additional 441 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its position in Murphy USA by 8.0% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 2,160 shares of the specialty retailer’s stock valued at $159,000 after buying an additional 160 shares during the last quarter. Victory Capital Management Inc. grew its position in Murphy USA by 49.0% in the 1st quarter. Victory Capital Management Inc. now owns 2,232 shares of the specialty retailer’s stock valued at $164,000 after buying an additional 734 shares during the last quarter. LS Investment Advisors LLC grew its position in Murphy USA by 13.4% in the 2nd quarter. LS Investment Advisors LLC now owns 2,896 shares of the specialty retailer’s stock valued at $215,000 after buying an additional 343 shares during the last quarter. Finally, Teacher Retirement System of Texas purchased a new position in Murphy USA in the 1st quarter valued at $233,000. Institutional investors and hedge funds own 97.29% of the company’s stock.
MUSA has been the topic of a number of analyst reports. Zacks Investment Research lowered shares of Murphy USA from a “buy” rating to a “hold” rating in a research report on Tuesday, July 18th. BidaskClub lowered shares of Murphy USA from a “sell” rating to a “strong sell” rating in a research report on Saturday, September 2nd. Stephens lowered shares of Murphy USA from an “overweight” rating to an “equal weight” rating in a research report on Friday, August 4th. Jefferies Group LLC reiterated a “buy” rating and issued a $83.00 price objective (up from $77.00) on shares of Murphy USA in a research report on Monday, July 17th. Finally, William Blair initiated coverage on shares of Murphy USA in a research report on Wednesday, July 12th. They issued a “market perform” rating on the stock. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Murphy USA has an average rating of “Hold” and a consensus price target of $84.50.
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In other news, SVP John A. Moore sold 1,030 shares of the company’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $71.46, for a total transaction of $73,603.80. Following the completion of the sale, the senior vice president now directly owns 18,169 shares of the company’s stock, valued at $1,298,356.74. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Daryl R. Schofield bought 3,000 shares of Murphy USA stock in a transaction dated Thursday, August 17th. The shares were bought at an average cost of $66.00 per share, with a total value of $198,000.00. Following the completion of the acquisition, the executive vice president now owns 3,000 shares of the company’s stock, valued at $198,000. The disclosure for this purchase can be found here. Company insiders own 7.30% of the company’s stock.
Murphy USA (NYSE:MUSA) last announced its earnings results on Wednesday, August 2nd. The specialty retailer reported $1.51 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.09 by $0.42. Murphy USA had a return on equity of 20.19% and a net margin of 1.15%. The business had revenue of $3.21 billion during the quarter, compared to analysts’ expectations of $3.27 billion. During the same quarter last year, the business posted $1.17 earnings per share. The company’s quarterly revenue was up 6.9% on a year-over-year basis.
Murphy USA Company Profile
Murphy USA Inc is engaged in the marketing of retail motor fuel products and merchandise through a chain of retail stores. The Company operates through the Marketing segment. The Marketing segment includes its retail marketing sites and product supply, and wholesale assets. As of December 31, 2016, its retail stores were located in 26 states, primarily in the Southwest, Southeast and Midwest the United States.
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