Murphy USA Inc (MUSA) Shares Sold by Comerica Bank

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Comerica Bank lowered its stake in shares of Murphy USA Inc (NYSE:MUSA) by 23.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,523 shares of the specialty retailer’s stock after selling 4,456 shares during the period. Comerica Bank’s holdings in Murphy USA were worth $1,175,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. James Investment Research Inc. purchased a new stake in shares of Murphy USA in the third quarter valued at about $2,277,000. Itau Unibanco Holding S.A. purchased a new stake in shares of Murphy USA in the second quarter valued at about $157,000. Chicago Equity Partners LLC lifted its holdings in shares of Murphy USA by 122.8% in 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. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Murphy USA in the second quarter valued at about $336,000. Finally, Mackay Shields LLC purchased a new stake in shares of Murphy USA in the second quarter valued at about $3,787,000. 89.26% of the stock is currently owned by hedge funds and other institutional investors.

Separately, Jefferies Financial Group upped their price target on shares of Murphy USA from $74.00 to $77.00 and gave the company a “hold” rating in a report on Tuesday, November 6th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $87.75.

Shares of NYSE MUSA opened at $73.54 on Friday. Murphy USA Inc has a 12-month low of $61.05 and a 12-month high of $89.69. The stock has a market capitalization of $2.49 billion, a price-to-earnings ratio of 17.02, a price-to-earnings-growth ratio of 4.79 and a beta of 0.93. 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 results on Wednesday, October 31st. The specialty retailer reported $1.38 earnings per share (EPS) for the quarter, missing the 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 business had revenue of $3.79 billion during the quarter, compared to analysts’ expectations of $3.62 billion. During the same period last year, the company earned $1.90 EPS. The firm’s revenue for the quarter was up 17.0% on a year-over-year basis. On average, equities analysts predict that Murphy USA Inc will post 4.45 EPS for the current fiscal year.

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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.

Further Reading: What Does Beta Mean In Stock Selection

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Institutional Ownership by Quarter for Murphy USA (NYSE:MUSA)

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