LPL Financial LLC Grows Position in Murphy USA Inc (NYSE:MUSA)

LPL Financial LLC lifted its stake in Murphy USA Inc (NYSE:MUSA) by 5.5% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 15,219 shares of the specialty retailer’s stock after purchasing an additional 797 shares during the quarter. LPL Financial LLC’s holdings in Murphy USA were worth $1,279,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Marshall Wace LLP bought a new stake in Murphy USA during the 1st quarter valued at $9,363,000. FMR LLC raised its holdings in Murphy USA by 92.3% in the 1st quarter. FMR LLC now owns 975,626 shares of the specialty retailer’s stock worth $83,532,000 after purchasing an additional 468,295 shares during the period. Parametric Portfolio Associates LLC raised its holdings in Murphy USA by 5.0% in the 1st quarter. Parametric Portfolio Associates LLC now owns 163,491 shares of the specialty retailer’s stock worth $13,998,000 after purchasing an additional 7,754 shares during the period. Stone Ridge Asset Management LLC raised its holdings in Murphy USA by 71.1% in the 2nd quarter. Stone Ridge Asset Management LLC now owns 14,196 shares of the specialty retailer’s stock worth $1,193,000 after purchasing an additional 5,900 shares during the period. Finally, Landscape Capital Management L.L.C. acquired a new position in Murphy USA in the 2nd quarter worth about $4,517,000. Hedge funds and other institutional investors own 85.31% of the company’s stock.

Shares of NYSE MUSA traded up $0.06 during trading on Thursday, hitting $87.17. 46,153 shares of the company traded hands, compared to its average volume of 280,765. Murphy USA Inc has a 1 year low of $69.98 and a 1 year high of $94.71. The company has a 50-day moving average price of $89.60 and a 200-day moving average price of $84.87. The firm has a market capitalization of $2.80 billion, a P/E ratio of 16.11, a P/E/G ratio of 5.44 and a beta of 0.71. The company has a quick ratio of 0.77, a current ratio of 1.13 and a debt-to-equity ratio of 1.02.

Murphy USA (NYSE:MUSA) last released its quarterly earnings data on Wednesday, July 31st. The specialty retailer reported $1.01 earnings per share for the quarter, missing the consensus estimate of $1.16 by ($0.15). The business had revenue of $3.80 billion for the quarter, compared to analyst estimates of $3.56 billion. Murphy USA had a return on equity of 20.38% and a net margin of 1.13%. Murphy USA’s revenue was down .8% compared to the same quarter last year. During the same quarter last year, the company earned $1.58 EPS. Research analysts predict that Murphy USA Inc will post 4.03 EPS for the current fiscal year.

A number of research firms have recently issued reports on MUSA. ValuEngine lowered Murphy USA from a “buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Zacks Investment Research upgraded Murphy USA from a “hold” rating to a “buy” rating and set a $91.00 price objective on the stock in a research note on Monday, July 8th. Finally, TheStreet upgraded Murphy USA from a “c+” rating to a “b+” rating in a research note on Wednesday, July 31st. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $84.00.

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 December 31, 2018, the company operated approximately 1,474 retail stores, including 1,160 Murphy USA and 312 are standalone Murphy Express 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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