AlTi Global Inc. Acquires New Shares in Murphy USA Inc. $MUSA

AlTi Global Inc. bought a new position in Murphy USA Inc. (NYSE:MUSA) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,701 shares of the specialty retailer’s stock, valued at approximately $660,000.

A number of other hedge funds also recently added to or reduced their stakes in MUSA. Vista Finance LLC boosted its holdings in shares of Murphy USA by 4.0% during the second quarter. Vista Finance LLC now owns 646 shares of the specialty retailer’s stock valued at $263,000 after acquiring an additional 25 shares during the period. Sequoia Financial Advisors LLC lifted its position in Murphy USA by 4.8% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 585 shares of the specialty retailer’s stock valued at $227,000 after purchasing an additional 27 shares during the last quarter. Global Retirement Partners LLC boosted its stake in Murphy USA by 2.7% during the 3rd quarter. Global Retirement Partners LLC now owns 1,282 shares of the specialty retailer’s stock valued at $498,000 after purchasing an additional 34 shares during the period. Corient Private Wealth LLC boosted its stake in Murphy USA by 0.3% during the 2nd quarter. Corient Private Wealth LLC now owns 12,902 shares of the specialty retailer’s stock valued at $5,249,000 after purchasing an additional 40 shares during the period. Finally, Jones Financial Companies Lllp grew its position in Murphy USA by 9.3% in the 3rd quarter. Jones Financial Companies Lllp now owns 472 shares of the specialty retailer’s stock worth $185,000 after purchasing an additional 40 shares during the last quarter. 80.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on MUSA. Zacks Research upgraded Murphy USA from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. Bank of America initiated coverage on Murphy USA in a research report on Friday, January 9th. They set an “underperform” rating for the company. KeyCorp set a $500.00 price target on Murphy USA in a research note on Thursday, February 5th. Stephens cut their price objective on shares of Murphy USA from $475.00 to $450.00 and set an “overweight” rating on the stock in a research note on Friday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Murphy USA in a report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $457.50.

Murphy USA Trading Down 1.4%

Murphy USA stock opened at $363.67 on Wednesday. The firm has a market cap of $6.75 billion, a price-to-earnings ratio of 14.98, a price-to-earnings-growth ratio of 3.23 and a beta of 0.38. Murphy USA Inc. has a 1 year low of $345.23 and a 1 year high of $523.09. The firm’s 50 day moving average price is $413.70 and its two-hundred day moving average price is $392.05. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.36 and a current ratio of 0.80.

Murphy USA (NYSE:MUSA) last released its quarterly earnings data on Wednesday, February 4th. The specialty retailer reported $7.53 earnings per share for the quarter, topping the consensus estimate of $6.67 by $0.86. The business had revenue of $4.74 billion during the quarter, compared to analyst estimates of $4.88 billion. Murphy USA had a return on equity of 75.75% and a net margin of 2.43%.The company’s revenue was up .7% compared to the same quarter last year. During the same period last year, the company posted $6.96 EPS. On average, research analysts predict that Murphy USA Inc. will post 26.45 EPS for the current fiscal year.

Insider Activity at Murphy USA

In other Murphy USA news, CEO R Andrew Clyde sold 24,733 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 $9,431,434.89. Following the transaction, the chief executive officer owned 131,024 shares of the company’s stock, valued at $49,963,381.92. The trade was a 15.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Malynda K. West sold 4,051 shares of the company’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 transaction, the chief executive officer owned 117,389 shares in the company, valued at $49,890,325. This represents a 3.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 49,354 shares of company stock worth $19,266,679 in the last quarter. 10.12% of the stock is owned by company insiders.

About Murphy USA

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.