Murphy USA Inc (MUSA) Stake Lessened by CLARET ASSET MANAGEMENT Corp

CLARET ASSET MANAGEMENT Corp decreased its holdings in Murphy USA Inc (NYSE:MUSA) by 59.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 9,214 shares of the specialty retailer’s stock after selling 13,785 shares during the period. CLARET ASSET MANAGEMENT Corp’s holdings in Murphy USA were worth $787,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of MUSA. Strs Ohio grew its position in Murphy USA by 350.0% during the 3rd quarter. Strs Ohio now owns 1,800 shares of the specialty retailer’s stock worth $153,000 after acquiring an additional 1,400 shares during the last quarter. Itau Unibanco Holding S.A. bought a new stake in Murphy USA during the 2nd quarter worth $157,000. Bridgewater Associates LP bought a new stake in Murphy USA during the 2nd quarter worth $207,000. Martingale Asset Management L P bought a new stake in Murphy USA during the 2nd quarter worth $209,000. Finally, Ferguson Wellman Capital Management Inc. bought a new stake in Murphy USA during the 3rd quarter worth $213,000. Institutional investors own 96.87% of the company’s stock.

A number of brokerages recently weighed in on MUSA. Stephens set a $84.00 price objective on Murphy USA and gave the stock a “hold” rating in a research report on Friday, August 3rd. Zacks Investment Research lowered Murphy USA from a “hold” rating to a “sell” rating in a research report on Tuesday, July 3rd. Jefferies Financial Group restated a “hold” rating and set a $78.00 price objective on shares of Murphy USA in a research report on Friday, August 3rd. Finally, ValuEngine upgraded Murphy USA from a “hold” rating to a “buy” rating in a research report on Wednesday, August 8th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $88.00.

Shares of NYSE MUSA traded up $0.37 during trading on Tuesday, reaching $81.20. The company had a trading volume of 13,765 shares, compared to its average volume of 352,127. Murphy USA Inc has a 12 month low of $61.05 and a 12 month high of $89.69. The firm has a market capitalization of $2.58 billion, a PE ratio of 18.79, a price-to-earnings-growth ratio of 5.14 and a beta of 0.94. The company has a current ratio of 0.98, a quick ratio of 0.60 and a debt-to-equity ratio of 1.24.

Murphy USA (NYSE:MUSA) last released its quarterly earnings results on Wednesday, August 1st. The specialty retailer reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.37. Murphy USA had a return on equity of 22.84% and a net margin of 2.07%. The firm had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.53 billion. During the same quarter in the previous year, the company posted $1.51 EPS. The business’s revenue was up 19.2% on a year-over-year basis. As a group, analysts forecast that Murphy USA Inc will post 4.46 earnings per share for the current fiscal year.

In other news, CEO R Andrew Clyde sold 48,142 shares of the business’s stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $85.00, for a total value of $4,092,070.00. Following the transaction, the chief executive officer now directly owns 203,833 shares of the company’s stock, valued at approximately $17,325,805. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Donald R. Smith, Jr. sold 2,550 shares of the business’s stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $85.47, for a total value of $217,948.50. Following the completion of the transaction, the vice president now directly owns 16,201 shares in the company, valued at $1,384,699.47. The disclosure for this sale can be found here. Insiders sold a total of 55,576 shares of company stock worth $4,725,808 in the last quarter. Corporate insiders own 8.14% of the company’s stock.

Murphy USA 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 January 31, 2018, the company operated approximately 1,446 retail stores located primarily in the Southwest, Southeast, and Midwest United States.

Further Reading: Understanding Market Liquidity

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

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