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

Great West Life Assurance Co. Can raised its holdings in shares of Murphy USA Inc. (NYSE:MUSAGet Rating) by 11.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,982 shares of the specialty retailer’s stock after purchasing an additional 1,689 shares during the quarter. Great West Life Assurance Co. Can owned 0.08% of Murphy USA worth $4,667,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Assetmark Inc. raised its holdings in shares of Murphy USA by 634.7% in the third quarter. Assetmark Inc. now owns 27,228 shares of the specialty retailer’s stock valued at $7,485,000 after acquiring an additional 23,522 shares in the last quarter. J.W. Cole Advisors Inc. bought a new stake in shares of Murphy USA in the third quarter valued at about $318,000. Stonegate Investment Group LLC bought a new stake in shares of Murphy USA in the third quarter valued at about $202,000. New York State Teachers Retirement System raised its holdings in shares of Murphy USA by 3.8% in the third quarter. New York State Teachers Retirement System now owns 32,117 shares of the specialty retailer’s stock valued at $8,829,000 after acquiring an additional 1,177 shares in the last quarter. Finally, Thoroughbred Financial Services LLC bought a new stake in shares of Murphy USA in the third quarter valued at about $200,000. 85.30% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on MUSA. Raymond James lifted their price objective on Murphy USA from $315.00 to $335.00 and gave the company an “outperform” rating in a report on Friday, October 28th. Royal Bank of Canada assumed coverage on shares of Murphy USA in a report on Wednesday, December 14th. They issued a “sector perform” rating and a $360.00 target price for the company. Stephens boosted their target price on shares of Murphy USA from $315.00 to $355.00 and gave the stock an “overweight” rating in a report on Friday, October 28th. StockNews.com upgraded shares of Murphy USA from a “buy” rating to a “strong-buy” rating in a report on Thursday, December 22nd. Finally, The Goldman Sachs Group boosted their target price on shares of Murphy USA from $200.00 to $228.00 and gave the stock a “sell” rating in a report on Wednesday, October 19th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $316.60.

Murphy USA Price Performance

Shares of MUSA stock opened at $253.98 on Monday. Murphy USA Inc. has a fifty-two week low of $164.30 and a fifty-two week high of $323.00. The firm has a market capitalization of $5.74 billion, a price-to-earnings ratio of 9.37 and a beta of 0.86. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.64 and a current ratio of 1.01. The stock’s 50-day simple moving average is $282.02 and its 200-day simple moving average is $283.92.

Murphy USA (NYSE:MUSAGet Rating) last issued its quarterly earnings results on Wednesday, October 26th. The specialty retailer reported $9.28 earnings per share for the quarter, topping analysts’ consensus estimates of $7.82 by $1.46. Murphy USA had a return on equity of 84.93% and a net margin of 2.91%. The business had revenue of $6.19 billion for the quarter, compared to analyst estimates of $5.96 billion. As a group, equities analysts forecast that Murphy USA Inc. will post 26.99 earnings per share for the current fiscal year.

About Murphy USA

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Murphy USA, Inc engages in marketing motor fuel products and convenience merchandise through retail stores, namely Murphy USA and Murphy Express. It collaborates with Walmart to offer customers discounted and free items based on purchases of qualifying fuel and merchandise. The company was founded on March 1, 2013 and is headquartered in El Dorado, AR.

Further Reading

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

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