Great West Life Assurance Co. Can Trims Stake in Murphy USA Inc (NYSE:MUSA)

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Great West Life Assurance Co. Can cut its holdings in shares of Murphy USA Inc (NYSE:MUSA) by 12.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,638 shares of the specialty retailer’s stock after selling 3,179 shares during the period. Great West Life Assurance Co. Can owned 0.07% of Murphy USA worth $1,608,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in MUSA. Martingale Asset Management L P acquired a new stake in Murphy USA during the 2nd quarter worth approximately $209,000. Arnhold LLC acquired a new stake in Murphy USA during the 1st quarter worth approximately $257,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Murphy USA during the 2nd quarter worth approximately $336,000. Allianz Asset Management GmbH acquired a new stake in Murphy USA during the 1st quarter worth approximately $346,000. Finally, BNP Paribas Arbitrage SA raised its holdings in Murphy USA by 313.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,921 shares of the specialty retailer’s stock worth $366,000 after buying an additional 3,732 shares during the period. Institutional investors own 97.28% of the company’s stock.

In other news, CEO R Andrew Clyde sold 48,142 shares of Murphy USA stock in a transaction on Monday, August 6th. The stock was sold at an average price of $85.00, for a total transaction of $4,092,070.00. Following the completion of the sale, the chief executive officer now owns 203,833 shares of the company’s stock, valued at $17,325,805. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Donald R. Smith, Jr. sold 2,550 shares of Murphy USA stock in a transaction on Monday, August 6th. The stock was sold at an average price of $85.47, for a total value of $217,948.50. Following the sale, the vice president now directly owns 16,201 shares of the company’s stock, valued at approximately $1,384,699.47. The disclosure for this sale can be found here. Insiders have sold a total of 55,576 shares of company stock valued at $4,725,808 in the last ninety days. Insiders own 8.14% of the company’s stock.

Shares of NYSE:MUSA traded up $0.30 during midday trading on Friday, hitting $78.91. The stock had a trading volume of 326,171 shares, compared to its average volume of 431,295. Murphy USA Inc has a 12 month low of $61.05 and a 12 month high of $89.69. The company has a current ratio of 0.98, a quick ratio of 0.60 and a debt-to-equity ratio of 1.24. The stock has a market capitalization of $2.75 billion, a PE ratio of 18.27, a P/E/G ratio of 4.85 and a beta of 0.94.

Murphy USA (NYSE:MUSA) last released its earnings results on Wednesday, August 1st. The specialty retailer reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.37. Murphy USA had a net margin of 2.07% and a return on equity of 22.84%. The business had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.53 billion. During the same period last year, the business earned $1.51 earnings per share. The firm’s revenue was up 19.2% on a year-over-year basis. On average, equities analysts predict that Murphy USA Inc will post 4.6 earnings per share for the current fiscal year.

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

About Murphy USA

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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