Murphy USA Inc (MUSA) Stake Reduced by Cornerstone Capital Management Holdings LLC.

Murphy USA Inc (MUSA) Stake Reduced by Cornerstone Capital Management Holdings LLC.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Iridian Asset Management LLC CT acquired a new position in shares of Murphy USA during the first quarter valued at about $90,093,000. JPMorgan Chase & Co. boosted its position in shares of Murphy USA by 344.3% in the first quarter. JPMorgan Chase & Co. now owns 934,173 shares of the specialty retailer’s stock valued at $68,589,000 after buying an additional 723,910 shares during the period. Cambiar Investors LLC acquired a new position in shares of Murphy USA during the first quarter valued at about $23,742,000. Norges Bank acquired a new position in shares of Murphy USA during the fourth quarter valued at about $19,206,000. Finally, River Road Asset Management LLC boosted its position in shares of Murphy USA by 33.4% in the first quarter. River Road Asset Management LLC now owns 752,967 shares of the specialty retailer’s stock valued at $55,283,000 after buying an additional 188,648 shares during the period. 81.15% of the stock is owned by hedge funds and other institutional investors.

Cornerstone Capital Management Holdings LLC. lowered its stake in Murphy USA Inc (NYSE:MUSA) by 68.1% during the first quarter, Holdings Channel reports. The firm owned 59,659 shares of the specialty retailer’s stock after selling 127,222 shares during the period. Cornerstone Capital Management Holdings LLC.’s holdings in Murphy USA were worth $4,380,000 at the end of the most recent quarter.

Shares of Murphy USA Inc (NYSE MUSA) traded up 0.01% on Wednesday, hitting $68.03. 380,489 shares of the company traded hands. The company has a market capitalization of $2.50 billion, a PE ratio of 19.74 and a beta of 0.76. Murphy USA Inc has a 12 month low of $57.13 and a 12 month high of $80.44. The stock’s 50-day moving average price is $69.11 and its 200-day moving average price is $67.24.

Murphy USA (NYSE:MUSA) last released its quarterly earnings results on Monday, May 1st. The specialty retailer reported ($0.08) EPS for the quarter, meeting the consensus estimate of ($0.08). Murphy USA had a net margin of 1.91% and a return on equity of 22.52%. The firm had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.06 billion. During the same quarter in the prior year, the firm earned $2.08 EPS. Murphy USA’s revenue for the quarter was up 20.5% on a year-over-year basis. On average, equities analysts predict that Murphy USA Inc will post $3.40 earnings per share for the current year.

Several research analysts recently issued reports on MUSA shares. Zacks Investment Research cut shares of Murphy USA from a “hold” rating to a “sell” rating in a report on Wednesday, April 12th. Wells Fargo & Co cut shares of Murphy USA from an “outperform” rating to a “market perform” rating in a report on Tuesday, April 18th. Stephens reduced their target price on shares of Murphy USA from $82.00 to $76.00 and set an “overweight” rating for the company in a report on Wednesday, May 3rd. Finally, Jefferies Group LLC reduced their target price on shares of Murphy USA from $78.00 to $77.00 and set a “buy” rating for the company in a report on Wednesday, May 3rd. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $79.75.

In related news, insider Marn K. Cheng sold 4,547 shares of the company’s stock in a transaction on Wednesday, March 8th. The shares were sold at an average price of $66.00, for a total value of $300,102.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP John P. Corrigan purchased 1,000 shares of Murphy USA stock in a transaction that occurred on Thursday, May 4th. The stock was acquired at an average price of $65.01 per share, with a total value of $65,010.00. Following the transaction, the senior vice president now owns 2,000 shares in the company, valued at $130,020. The disclosure for this purchase can be found here. 6.98% of the stock is owned by corporate insiders.

About Murphy USA

Murphy USA Inc is engaged in the marketing of retail motor fuel products and merchandise through a chain of retail stores. The Company operates through the Marketing segment. The Marketing segment includes its retail marketing sites and product supply, and wholesale assets. As of December 31, 2016, its retail stores were located in 26 states, primarily in the Southwest, Southeast and Midwest the United States.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “MUSA”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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