Murphy USA Inc. $MUSA Shares Bought by Bridges Investment Management Inc.

Bridges Investment Management Inc. grew its position in Murphy USA Inc. (NYSE:MUSA) by 97.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,159 shares of the specialty retailer’s stock after buying an additional 4,513 shares during the quarter. Bridges Investment Management Inc.’s holdings in Murphy USA were worth $3,556,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. EverSource Wealth Advisors LLC boosted its holdings in Murphy USA by 423.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 68 shares of the specialty retailer’s stock valued at $28,000 after acquiring an additional 55 shares during the period. Ameritas Advisory Services LLC acquired a new stake in shares of Murphy USA during the second quarter worth about $29,000. AlphaQuest LLC boosted its stake in shares of Murphy USA by 317.6% in the third quarter. AlphaQuest LLC now owns 71 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 54 shares during the period. Golden State Wealth Management LLC grew its holdings in shares of Murphy USA by 1,925.0% in the second quarter. Golden State Wealth Management LLC now owns 81 shares of the specialty retailer’s stock valued at $33,000 after purchasing an additional 77 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new position in shares of Murphy USA in the second quarter valued at approximately $67,000. Hedge funds and other institutional investors own 80.81% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on MUSA. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $467.00 target price on shares of Murphy USA in a report on Friday, January 23rd. Stephens increased their price target on Murphy USA from $425.00 to $475.00 and gave the company an “overweight” rating in a research report on Wednesday, January 21st. Zacks Research upgraded Murphy USA from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. Bank of America assumed coverage on Murphy USA in a research report on Friday, January 9th. They set an “underperform” rating for the company. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Murphy USA in a report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $460.33.

Insider Buying and Selling at Murphy USA

In other news, CEO R Andrew Clyde sold 16,250 shares of Murphy USA stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $381.33, for a total transaction of $6,196,612.50. Following the sale, the chief executive officer owned 59,172 shares in the company, valued at approximately $22,564,058.76. The trade was a 21.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Malynda K. West sold 4,051 shares of the business’s stock in a transaction dated Wednesday, January 7th. The shares were sold at an average price of $425.00, for a total value of $1,721,675.00. Following the completion of the sale, the chief executive officer directly owned 117,389 shares of the company’s stock, valued at $49,890,325. The trade was a 3.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 45,034 shares of company stock worth $17,349,722 over the last quarter. 10.12% of the stock is owned by company insiders.

Murphy USA Stock Performance

Shares of Murphy USA stock opened at $428.17 on Tuesday. The company has a quick ratio of 0.40, a current ratio of 0.81 and a debt-to-equity ratio of 4.07. Murphy USA Inc. has a 52 week low of $345.23 and a 52 week high of $523.09. The firm’s 50 day moving average is $412.11 and its two-hundred day moving average is $393.23. The firm has a market capitalization of $8.02 billion, a P/E ratio of 18.06, a P/E/G ratio of 3.70 and a beta of 0.38.

Murphy USA Profile

Murphy USA is a leading downstream marketer of gasoline, diesel and convenience store products in the United States. Headquartered in El Dorado, Arkansas, the company was originally established as part of Murphy Oil Corporation and was spun off as an independent public entity in 2013. Since its separation, Murphy USA has focused on retail fueling services and convenience offerings designed to deliver value and convenience to consumers.

The company’s primary operations center on two retail formats.