Thoroughbred Financial Services LLC Sells 42 Shares of Murphy USA Inc. (NYSE:MUSA)

Thoroughbred Financial Services LLC lessened its position in shares of Murphy USA Inc. (NYSE:MUSA) by 2.7% during the 1st quarter, Holdings Channel.com reports. The firm owned 1,514 shares of the specialty retailer’s stock after selling 42 shares during the quarter. Thoroughbred Financial Services LLC’s holdings in Murphy USA were worth $711,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of MUSA. GW&K Investment Management LLC bought a new position in Murphy USA in the first quarter worth $27,000. TCTC Holdings LLC raised its stake in shares of Murphy USA by 116.7% in the 1st quarter. TCTC Holdings LLC now owns 65 shares of the specialty retailer’s stock valued at $31,000 after buying an additional 35 shares in the last quarter. Golden State Wealth Management LLC bought a new position in shares of Murphy USA during the 1st quarter worth about $40,000. CX Institutional acquired a new stake in shares of Murphy USA during the 1st quarter valued at about $59,000. Finally, Johnson Financial Group Inc. bought a new stake in Murphy USA in the fourth quarter valued at about $64,000. 80.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Murphy USA

In related news, Director Robert Madison Murphy purchased 5,000 shares of the stock in a transaction dated Tuesday, August 5th. The stock was bought at an average cost of $367.01 per share, with a total value of $1,835,050.00. Following the purchase, the director directly owned 389,172 shares in the company, valued at $142,830,015.72. The trade was a 1.30% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director David C. Haley purchased 1,000 shares of the firm’s stock in a transaction dated Tuesday, May 27th. The stock was purchased at an average cost of $435.58 per share, with a total value of $435,580.00. Following the acquisition, the director directly owned 1,000 shares in the company, valued at $435,580. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 9.04% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Stephens cut their price target on shares of Murphy USA from $530.00 to $475.00 and set an “overweight” rating for the company in a research note on Friday, May 9th. Jefferies Financial Group lowered Murphy USA from a “buy” rating to a “hold” rating and set a $350.00 price target on the stock. in a research note on Friday, August 1st. KeyCorp lowered their price target on Murphy USA from $500.00 to $480.00 and set an “overweight” rating on the stock in a research report on Friday, July 25th. Raymond James Financial cut Murphy USA from an “outperform” rating to a “market perform” rating in a report on Friday, May 9th. Finally, Wall Street Zen downgraded shares of Murphy USA from a “buy” rating to a “hold” rating in a research note on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $476.29.

Murphy USA Price Performance

Murphy USA stock opened at $367.36 on Thursday. The company has a debt-to-equity ratio of 3.20, a quick ratio of 0.39 and a current ratio of 0.80. The firm has a market cap of $7.09 billion, a P/E ratio of 15.21 and a beta of 0.42. Murphy USA Inc. has a 52 week low of $345.23 and a 52 week high of $561.08. The business’s fifty day moving average is $412.61 and its two-hundred day moving average is $452.80.

Murphy USA (NYSE:MUSA) last released its earnings results on Wednesday, July 30th. The specialty retailer reported $7.36 earnings per share for the quarter, topping analysts’ consensus estimates of $6.82 by $0.54. The company had revenue of $5.01 billion during the quarter, compared to the consensus estimate of $5.17 billion. Murphy USA had a return on equity of 64.63% and a net margin of 2.52%. The firm’s quarterly revenue was down 8.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $6.92 earnings per share. Equities research analysts forecast that Murphy USA Inc. will post 26.45 earnings per share for the current fiscal year.

Murphy USA Company Profile

Murphy USA Inc engages in marketing of retail motor fuel products and convenience merchandise. The company operates retail stores under the Murphy USA, Murphy Express, and QuickChek brands, as well as operates non-fuel convenience stores. It operates retail gasoline stores principally in the Southeast, Southwest, and Midwest United States.