Balter Liquid Alternatives LLC Invests $733,000 in Murphy USA Inc (MUSA) Stock

Balter Liquid Alternatives LLC bought a new position in shares of Murphy USA Inc (NYSE:MUSA) during the 2nd quarter, HoldingsChannel reports. The firm bought 9,853 shares of the specialty retailer’s stock, valued at approximately $733,000.

A number of other institutional investors have also modified their holdings of the business. Canada Pension Plan Investment Board boosted its holdings in shares of Murphy USA by 21.7% in the 2nd quarter. Canada Pension Plan Investment Board now owns 178,000 shares of the specialty retailer’s stock valued at $13,224,000 after buying an additional 31,700 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its holdings in shares of Murphy USA by 134.9% in the 2nd quarter. Fuller & Thaler Asset Management Inc. now owns 325,516 shares of the specialty retailer’s stock valued at $24,183,000 after buying an additional 186,916 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of Murphy USA by 415.4% in the 2nd quarter. SG Americas Securities LLC now owns 29,227 shares of the specialty retailer’s stock valued at $2,171,000 after buying an additional 23,556 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Murphy USA by 3.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 390,641 shares of the specialty retailer’s stock valued at $29,022,000 after buying an additional 14,630 shares in the last quarter. Finally, Mackay Shields LLC bought a new stake in shares of Murphy USA in the 2nd quarter valued at about $3,787,000. Institutional investors own 91.84% of the company’s stock.

In related news, CEO R Andrew Clyde sold 48,142 shares of the stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $85.00, for a total value of $4,092,070.00. Following the completion of 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Malynda K. West sold 4,105 shares of the stock in a transaction that occurred on Tuesday, August 7th. The shares were sold at an average price of $85.05, for a total transaction of $349,130.25. The disclosure for this sale can be found here. Insiders sold a total of 55,576 shares of company stock valued at $4,725,808 over the last ninety days. 8.14% of the stock is currently owned by insiders.

Shares of Murphy USA stock opened at $86.63 on Friday. The company has a market capitalization of $2.71 billion, a P/E ratio of 20.05, a P/E/G ratio of 4.82 and a beta of 0.93. The company has a quick ratio of 0.60, a current ratio of 0.98 and a debt-to-equity ratio of 1.24. Murphy USA Inc has a 52 week low of $61.05 and a 52 week high of $89.69.

Murphy USA (NYSE:MUSA) last announced its quarterly earnings data on Wednesday, August 1st. The specialty retailer reported $1.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.37. The firm had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.53 billion. Murphy USA had a net margin of 2.07% and a return on equity of 22.84%. Murphy USA’s revenue was up 19.2% on a year-over-year basis. During the same period last year, the firm posted $1.51 EPS. analysts expect that Murphy USA Inc will post 4.55 EPS for the current fiscal year.

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

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.

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

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