November 10, 2019 at 6:17 pm

Mackay Shields LLC Cuts Holdings in Murphy USA Inc (NYSE:MUSA)

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Mackay Shields LLC reduced its position in Murphy USA Inc (NYSE:MUSA) by 7.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 52,246 shares of the specialty retailer’s stock after selling 4,200 shares during the quarter. Mackay Shields LLC’s holdings in Murphy USA were worth $4,457,000 as of its most recent filing with the Securities and Exchange Commission.

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Other institutional investors and hedge funds have also recently modified their holdings of the company. Advisor Group Inc. raised its position in shares of Murphy USA by 61.2% in the 2nd quarter. Advisor Group Inc. now owns 851 shares of the specialty retailer’s stock worth $72,000 after buying an additional 323 shares during the period. Invesco Ltd. increased its holdings in Murphy USA by 66.1% in the 2nd quarter. Invesco Ltd. now owns 117,910 shares of the specialty retailer’s stock valued at $9,908,000 after purchasing an additional 46,928 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in Murphy USA in the 2nd quarter valued at $36,000. UBS Asset Management Americas Inc. increased its holdings in Murphy USA by 5.4% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 47,493 shares of the specialty retailer’s stock valued at $3,991,000 after purchasing an additional 2,413 shares in the last quarter. Finally, Stone Ridge Asset Management LLC increased its holdings in Murphy USA by 71.1% in the 2nd quarter. Stone Ridge Asset Management LLC now owns 14,196 shares of the specialty retailer’s stock valued at $1,193,000 after purchasing an additional 5,900 shares in the last quarter. 85.23% of the stock is currently owned by institutional investors and hedge funds.

Several analysts recently issued reports on MUSA shares. TheStreet upgraded Murphy USA from a “c+” rating to a “b+” rating in a report on Wednesday, July 31st. Wells Fargo & Co increased their price target on Murphy USA from $80.00 to $87.00 and gave the company a “market perform” rating in a report on Wednesday, October 23rd. ValuEngine downgraded Murphy USA from a “buy” rating to a “hold” rating in a report on Wednesday, September 4th. Finally, Stephens upgraded Murphy USA from an “equal” rating to an “overweight” rating and increased their price target for the company from $92.00 to $100.00 in a report on Tuesday, October 15th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. Murphy USA presently has a consensus rating of “Hold” and an average target price of $92.67.

NYSE MUSA traded down $0.58 during trading hours on Friday, hitting $115.66. The company had a trading volume of 405,743 shares, compared to its average volume of 352,195. Murphy USA Inc has a fifty-two week low of $69.98 and a fifty-two week high of $121.12. The company has a market capitalization of $3.68 billion, a price-to-earnings ratio of 21.38, a P/E/G ratio of 6.72 and a beta of 0.74. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.29 and a quick ratio of 0.83. The firm’s 50 day moving average is $93.07 and its 200 day moving average is $87.73.

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 December 31, 2018, the company operated approximately 1,474 retail stores, including 1,160 Murphy USA and 312 are standalone Murphy Express stores located primarily in the Southwest, Southeast, and Midwest United States.

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

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