California State Teachers Retirement System reduced its position in Murphy USA (NYSE:MUSA) by 2.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 59,832 shares of the specialty retailer’s stock after selling 1,574 shares during the period. California State Teachers Retirement System owned approximately 0.18% of Murphy USA worth $4,808,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also recently added to or reduced their stakes in MUSA. Tiedemann Wealth Management LLC boosted its stake in shares of Murphy USA by 9.9% in the 3rd quarter. Tiedemann Wealth Management LLC now owns 17,693 shares of the specialty retailer’s stock worth $103,000 after buying an additional 1,587 shares during the last quarter. Zions Bancorporation purchased a new position in shares of Murphy USA in the 3rd quarter worth $106,000. Tower Research Capital LLC TRC boosted its stake in shares of Murphy USA by 657.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,561 shares of the specialty retailer’s stock worth $126,000 after buying an additional 1,355 shares during the last quarter. Assetmark Inc. purchased a new position in shares of Murphy USA in the 4th quarter worth $134,000. Finally, Amundi Pioneer Asset Management Inc. purchased a new position in shares of Murphy USA in the 4th quarter worth $145,000. Hedge funds and other institutional investors own 93.16% of the company’s stock.
A number of equities analysts have recently issued reports on MUSA shares. Wells Fargo raised their price target on Murphy USA and gave the stock a “market perform” rating in a research note on Thursday, January 4th. Jefferies Group restated a “buy” rating and issued a $98.00 price target on shares of Murphy USA in a research note on Monday, January 8th. Zacks Investment Research upgraded Murphy USA from a “hold” rating to a “strong-buy” rating and set a $98.00 price target on the stock in a research note on Thursday, February 1st. Stephens set a $85.00 price target on Murphy USA and gave the stock a “hold” rating in a research note on Tuesday, January 16th. Finally, Gabelli downgraded Murphy USA from a “buy” rating to a “hold” rating and set a $92.00 price target on the stock. in a research note on Thursday, January 11th. One 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 stock. The stock has a consensus rating of “Hold” and a consensus price target of $93.25.
Murphy USA (NYSE:MUSA) last released its earnings results on Wednesday, January 31st. The specialty retailer reported $3.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $2.54. The company had revenue of $3.38 billion for the quarter, compared to the consensus estimate of $3.25 billion. Murphy USA had a return on equity of 22.69% and a net margin of 1.91%. Murphy USA’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.14 earnings per share. equities research analysts anticipate that Murphy USA will post 5 EPS for the current year.
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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