Prudential Financial Inc. cut its position in Murphy USA Inc. (NYSE:MUSA) by 71.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 107,678 shares of the specialty retailer’s stock after selling 266,134 shares during the period. Prudential Financial Inc. owned approximately 0.29% of Murphy USA worth $7,906,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. First Republic Investment Management Inc. bought a new position in shares of Murphy USA during the fourth quarter worth approximately $211,000. A.R.T. Advisors LLC bought a new position in shares of Murphy USA during the fourth quarter worth approximately $264,000. Envestnet Asset Management Inc. raised its position in shares of Murphy USA by 8.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 29,861 shares of the specialty retailer’s stock worth $1,834,000 after buying an additional 2,365 shares during the last quarter. Menta Capital LLC raised its position in shares of Murphy USA by 107.5% in the fourth quarter. Menta Capital LLC now owns 46,035 shares of the specialty retailer’s stock worth $2,830,000 after buying an additional 23,850 shares during the last quarter. Finally, Folger Hill Asset Management LP bought a new position in shares of Murphy USA during the fourth quarter worth approximately $369,000. 98.27% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of Murphy USA Inc. (MUSA) opened at 71.20 on Friday. The stock has a market cap of $2.62 billion, a PE ratio of 20.66 and a beta of 0.69. The stock has a 50 day moving average of $68.06 and a 200-day moving average of $67.39. Murphy USA Inc. has a 52 week low of $57.13 and a 52 week high of $80.44.

Murphy USA (NYSE:MUSA) last announced its quarterly earnings results on Monday, May 1st. The specialty retailer reported ($0.08) earnings per share for the quarter, hitting the consensus estimate of ($0.08). Murphy USA had a net margin of 1.10% and a return on equity of 18.37%. The company had revenue of $3 billion for the quarter, compared to analysts’ expectations of $3.06 billion. During the same quarter in the previous year, the business posted $2.08 earnings per share. Murphy USA’s quarterly revenue was up 20.5% on a year-over-year basis. Equities research analysts predict that Murphy USA Inc. will post $3.40 earnings per share for the current fiscal year.

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

In other Murphy USA news, SVP John P. Corrigan purchased 1,000 shares of Murphy USA stock in a transaction that occurred on Thursday, May 4th. The shares were bought at an average price of $65.01 per share, for a total transaction of $65,010.00. Following the completion of the transaction, the senior vice president now owns 2,000 shares of the company’s stock, valued at approximately $130,020. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James W. Keyes purchased 4,000 shares of Murphy USA stock in a transaction that occurred on Thursday, May 4th. The stock was acquired at an average price of $65.20 per share, for a total transaction of $260,800.00. Following the transaction, the director now directly owns 9,650 shares of the company’s stock, valued at approximately $629,180. The disclosure for this purchase can be found here. Insiders own 7.30% of the company’s stock.

Murphy USA Company Profile

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.

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