Murphy USA Inc. (NYSE:MUSA) Shares Purchased by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC raised its position in Murphy USA Inc. (NYSE:MUSA) by 14.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,914 shares of the specialty retailer’s stock after buying an additional 1,002 shares during the period. Exchange Traded Concepts LLC’s holdings in Murphy USA were worth $3,971,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of MUSA. V Square Quantitative Management LLC lifted its position in shares of Murphy USA by 40.4% in the third quarter. V Square Quantitative Management LLC now owns 73 shares of the specialty retailer’s stock valued at $36,000 after acquiring an additional 21 shares in the last quarter. Fortitude Family Office LLC lifted its holdings in Murphy USA by 186.1% in the 4th quarter. Fortitude Family Office LLC now owns 103 shares of the specialty retailer’s stock valued at $52,000 after purchasing an additional 67 shares in the last quarter. Versant Capital Management Inc boosted its stake in Murphy USA by 348.4% during the 4th quarter. Versant Capital Management Inc now owns 139 shares of the specialty retailer’s stock worth $70,000 after purchasing an additional 108 shares during the last quarter. Key Financial Inc grew its holdings in shares of Murphy USA by 942.9% during the third quarter. Key Financial Inc now owns 146 shares of the specialty retailer’s stock worth $72,000 after buying an additional 132 shares in the last quarter. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of Murphy USA in the second quarter valued at about $94,000. 80.81% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Murphy USA from a “hold” rating to a “buy” rating in a research report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Murphy USA has an average rating of “Moderate Buy” and an average price target of $509.40.

Murphy USA Stock Down 1.1 %

NYSE MUSA opened at $476.54 on Friday. The business’s fifty day simple moving average is $516.39 and its 200-day simple moving average is $506.33. The company has a quick ratio of 0.41, a current ratio of 0.80 and a debt-to-equity ratio of 2.19. The firm has a market cap of $9.65 billion, a PE ratio of 19.66 and a beta of 0.80. Murphy USA Inc. has a 52 week low of $350.55 and a 52 week high of $561.08.

Murphy USA (NYSE:MUSA) last issued its earnings results on Wednesday, October 30th. The specialty retailer reported $7.20 EPS for the quarter, topping analysts’ consensus estimates of $6.64 by $0.56. Murphy USA had a net margin of 2.48% and a return on equity of 62.73%. The company had revenue of $5.24 billion for the quarter, compared to the consensus estimate of $5.54 billion. During the same period in the previous year, the firm earned $7.69 earnings per share. Murphy USA’s quarterly revenue was down 9.6% compared to the same quarter last year. As a group, equities analysts anticipate that Murphy USA Inc. will post 23.6 earnings per share for the current year.

About Murphy USA

Murphy USA Inc engages in marketing of retail motor fuel products and convenience merchandise. The company operates retail stores under the Murphy USA, Murphy Express, and QuickChek brands, as well as operates non-fuel convenience stores. It operates retail gasoline stores principally in the Southeast, Southwest, and Midwest United States.