Metropolitan Life Insurance Co. NY reduced its stake in shares of Murphy USA (NYSE:MUSA) by 70.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,277 shares of the specialty retailer’s stock after selling 22,274 shares during the quarter. Metropolitan Life Insurance Co. NY’s holdings in Murphy USA were worth $745,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. BancorpSouth Bank acquired a new position in Murphy USA during the fourth quarter worth about $83,141,000. Two Sigma Investments LP acquired a new position in Murphy USA during the fourth quarter worth about $9,887,000. Quantitative Investment Management LLC acquired a new position in Murphy USA during the fourth quarter worth about $7,401,000. Clearbridge Investments LLC grew its holdings in Murphy USA by 8.4% during the fourth quarter. Clearbridge Investments LLC now owns 955,882 shares of the specialty retailer’s stock worth $76,815,000 after acquiring an additional 74,236 shares during the period. Finally, LSV Asset Management grew its holdings in Murphy USA by 4.5% during the fourth quarter. LSV Asset Management now owns 1,589,775 shares of the specialty retailer’s stock worth $127,754,000 after acquiring an additional 67,800 shares during the period. Institutional investors and hedge funds own 93.16% of the company’s stock.
A number of research analysts recently issued reports on the company. Stephens set a $85.00 target price on Murphy USA and gave the stock a “hold” rating in a report on Tuesday, January 16th. Gabelli lowered Murphy USA from a “buy” rating to a “hold” rating and set a $92.00 target price on the stock. in a report on Thursday, January 11th. Jefferies Group reaffirmed a “buy” rating and set a $98.00 target price on shares of Murphy USA in a report on Monday, January 8th. Zacks Investment Research raised Murphy USA from a “hold” rating to a “strong-buy” rating and set a $98.00 target price on the stock in a report on Thursday, February 1st. Finally, Wells Fargo lifted their target price on Murphy USA and gave the stock a “market perform” rating in a report on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. Murphy USA presently has a consensus rating of “Hold” and a consensus price target of $93.25.
Murphy USA (NYSE:MUSA) last issued its quarterly earnings results on Wednesday, January 31st. The specialty retailer reported $3.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.04 by $2.54. The firm had revenue of $3.38 billion for the quarter, compared to analysts’ expectations of $3.25 billion. Murphy USA had a return on equity of 22.69% and a net margin of 1.91%. Murphy USA’s revenue was up 10.6% on a year-over-year basis. During the same quarter last year, the business posted $1.14 EPS. equities analysts forecast that Murphy USA will post 5 EPS for the current year.
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About Murphy USA
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 January 31, 2018, the company operated approximately 1,446 retail stores located primarily in the Southwest, Southeast, and Midwest United States.
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