Texas Permanent School Fund Has $1.61 Million Stake in Murphy USA Inc (MUSA)

Texas Permanent School Fund reduced its position in Murphy USA Inc (NYSE:MUSA) by 5.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,828 shares of the specialty retailer’s stock after selling 1,120 shares during the period. Texas Permanent School Fund owned about 0.06% of Murphy USA worth $1,609,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Itau Unibanco Holding S.A. purchased a new position in shares of Murphy USA in the second quarter worth approximately $157,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Murphy USA during the second quarter valued at approximately $336,000. Chicago Equity Partners LLC grew its position in Murphy USA by 122.8% during the second quarter. Chicago Equity Partners LLC now owns 22,050 shares of the specialty retailer’s stock valued at $1,638,000 after purchasing an additional 12,155 shares in the last quarter. Bank of Montreal Can purchased a new position in Murphy USA during the second quarter valued at approximately $8,820,000. Finally, Mackay Shields LLC purchased a new position in Murphy USA during the second quarter valued at approximately $3,787,000. 95.38% of the stock is currently owned by institutional investors and hedge funds.

Shares of MUSA opened at $81.70 on Friday. Murphy USA Inc has a 52 week low of $61.05 and a 52 week high of $89.69. The company has a market cap of $2.62 billion, a P/E ratio of 18.91, a P/E/G ratio of 5.07 and a beta of 0.97. The company has a current ratio of 1.00, a quick ratio of 0.60 and a debt-to-equity ratio of 1.16.

Murphy USA (NYSE:MUSA) last announced its quarterly earnings data on Wednesday, October 31st. The specialty retailer reported $1.38 EPS for the quarter, missing the Zacks’ consensus estimate of $1.49 by ($0.11). Murphy USA had a net margin of 1.83% and a return on equity of 19.13%. The company had revenue of $3.79 billion for the quarter, compared to analysts’ expectations of $3.62 billion. During the same period in the previous year, the firm posted $1.90 earnings per share. The business’s revenue for the quarter was up 17.0% on a year-over-year basis. On average, equities research analysts predict that Murphy USA Inc will post 4.42 EPS for the current year.

A number of research analysts recently commented on the stock. Jefferies Financial Group boosted their price objective on shares of Murphy USA from $74.00 to $77.00 and gave the company a “hold” rating in a research report on Tuesday. ValuEngine raised shares of Murphy USA from a “hold” rating to a “buy” rating in a research report on Wednesday, August 8th. Finally, Stephens set a $84.00 price objective on shares of Murphy USA and gave the company a “hold” rating in a research report on Friday, August 3rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $87.75.

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Murphy USA Company 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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