Quantitative Systematic Strategies LLC Has $1.77 Million Position in Murphy USA Inc. (MUSA)

Quantitative Systematic Strategies LLC boosted its stake in Murphy USA Inc. (NYSE:MUSA) by 465.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,634 shares of the specialty retailer’s stock after acquiring an additional 21,101 shares during the period. Quantitative Systematic Strategies LLC owned 0.07% of Murphy USA worth $1,769,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in MUSA. Tower Research Capital LLC TRC boosted its holdings in shares of Murphy USA by 1,343.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,443 shares of the specialty retailer’s stock worth $107,000 after buying an additional 1,343 shares in the last quarter. Fifth Third Bancorp boosted its holdings in shares of Murphy USA by 29.3% during the 1st quarter. Fifth Third Bancorp now owns 1,945 shares of the specialty retailer’s stock worth $143,000 after buying an additional 441 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in shares of Murphy USA by 8.0% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 2,160 shares of the specialty retailer’s stock worth $159,000 after buying an additional 160 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Murphy USA by 49.0% during the 1st quarter. Victory Capital Management Inc. now owns 2,232 shares of the specialty retailer’s stock worth $164,000 after buying an additional 734 shares in the last quarter. Finally, LS Investment Advisors LLC boosted its holdings in shares of Murphy USA by 13.4% during the 2nd quarter. LS Investment Advisors LLC now owns 2,896 shares of the specialty retailer’s stock worth $215,000 after buying an additional 343 shares in the last quarter. Institutional investors and hedge funds own 97.29% of the company’s stock.

In other Murphy USA news, EVP Daryl R. Schofield acquired 3,000 shares of the business’s stock in a transaction dated Thursday, August 17th. The shares were purchased at an average cost of $66.00 per share, for a total transaction of $198,000.00. Following the transaction, the executive vice president now owns 3,000 shares in the company, valued at $198,000. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP John A. Moore sold 1,030 shares of Murphy USA stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $71.46, for a total value of $73,603.80. Following the completion of the sale, the senior vice president now owns 18,169 shares in the company, valued at $1,298,356.74. The disclosure for this sale can be found here. 7.30% of the stock is currently owned by company insiders.

MUSA has been the topic of a number of research analyst reports. Zacks Investment Research cut Murphy USA from a “buy” rating to a “hold” rating in a report on Tuesday, July 18th. BidaskClub cut Murphy USA from a “sell” rating to a “strong sell” rating in a report on Saturday, September 2nd. Stephens cut Murphy USA from an “overweight” rating to an “equal weight” rating in a report on Friday, August 4th. Jefferies Group LLC restated a “buy” rating and set a $83.00 price target (up from $77.00) on shares of Murphy USA in a report on Monday, July 17th. Finally, William Blair initiated coverage on Murphy USA in a report on Wednesday, July 12th. They set a “market perform” rating on the stock. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Murphy USA currently has a consensus rating of “Hold” and a consensus target price of $84.50.

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Murphy USA Inc. (NYSE:MUSA) traded up 0.22% during trading on Friday, hitting $73.02. The company’s stock had a trading volume of 406,670 shares. The firm has a market cap of $2.63 billion, a P/E ratio of 19.47 and a beta of 0.72. The firm has a 50 day moving average of $69.15 and a 200 day moving average of $70.00. Murphy USA Inc. has a 12 month low of $57.13 and a 12 month high of $79.98.

Murphy USA (NYSE:MUSA) last issued its quarterly earnings data on Wednesday, August 2nd. The specialty retailer reported $1.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.09 by $0.42. The firm had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.27 billion. Murphy USA had a return on equity

A number of other hedge funds also recently made changes to their positions in MUSA. Tower Research Capital LLC TRC boosted its holdings in shares of Murphy USA by 1,343.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,443 shares of the specialty retailer’s stock worth $107,000 after buying an additional 1,343 shares in the last quarter. Fifth Third Bancorp boosted its holdings in shares of Murphy USA by 29.3% during the 1st quarter. Fifth Third Bancorp now owns 1,945 shares of the specialty retailer’s stock worth $143,000 after buying an additional 441 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in shares of Murphy USA by 8.0% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 2,160 shares of the specialty retailer’s stock worth $159,000 after buying an additional 160 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Murphy USA by 49.0% during the 1st quarter. Victory Capital Management Inc. now owns 2,232 shares of the specialty retailer’s stock worth $164,000 after buying an additional 734 shares in the last quarter. Finally, LS Investment Advisors LLC boosted its holdings in shares of Murphy USA by 13.4% during the 2nd quarter. LS Investment Advisors LLC now owns 2,896 shares of the specialty retailer’s stock worth $215,000 after buying an additional 343 shares in the last quarter. Institutional investors and hedge funds own 97.29% of the company’s stock.

In other Murphy USA news, EVP Daryl R. Schofield acquired 3,000 shares of the business’s stock in a transaction dated Thursday, August 17th. The shares were purchased at an average cost of $66.00 per share, for a total transaction of $198,000.00. Following the transaction, the executive vice president now owns 3,000 shares in the company, valued at $198,000. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP John A. Moore sold 1,030 shares of Murphy USA stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $71.46, for a total value of $73,603.80. Following the completion of the sale, the senior vice president now owns 18,169 shares in the company, valued at $1,298,356.74. The disclosure for this sale can be found here. 7.30% of the stock is currently owned by company insiders.

MUSA has been the topic of a number of research analyst reports. Zacks Investment Research cut Murphy USA from a “buy” rating to a “hold” rating in a report on Tuesday, July 18th. BidaskClub cut Murphy USA from a “sell” rating to a “strong sell” rating in a report on Saturday, September 2nd. Stephens cut Murphy USA from an “overweight” rating to an “equal weight” rating in a report on Friday, August 4th. Jefferies Group LLC restated a “buy” rating and set a $83.00 price target (up from $77.00) on shares of Murphy USA in a report on Monday, July 17th. Finally, William Blair initiated coverage on Murphy USA in a report on Wednesday, July 12th. They set a “market perform” rating on the stock. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Murphy USA currently has a consensus rating of “Hold” and a consensus target price of $84.50.

ILLEGAL ACTIVITY WARNING: This article was first posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this article on another domain, it was stolen and reposted in violation of US and international copyright & trademark law. The legal version of this article can be read at https://ledgergazette.com/2017/10/21/quantitative-systematic-strategies-llc-has-1-77-million-position-in-murphy-usa-inc-musa.html.

Murphy USA Inc. (NYSE:MUSA) traded up 0.22% during trading on Friday, hitting $73.02. The company’s stock had a trading volume of 406,670 shares. The firm has a market cap of $2.63 billion, a P/E ratio of 19.47 and a beta of 0.72. The firm has a 50 day moving average of $69.15 and a 200 day moving average of $70.00. Murphy USA Inc. has a 12 month low of $57.13 and a 12 month high of $79.98.

Murphy USA (NYSE:MUSA) last issued its quarterly earnings data on Wednesday, August 2nd. The specialty retailer reported $1.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.09 by $0.42. The firm had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.27 billion. Murphy USA had a return on equity of 20.19% and a net margin of 1.15%. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period last year, the company earned $1.17 EPS. Equities research analysts predict that Murphy USA Inc. will post $3.76 earnings per share for the current year.

Murphy USA Company Profile

Murphy USA Inc is engaged in the marketing of retail motor fuel products and merchandise through a chain of retail stores. The Company operates through the Marketing segment. The Marketing segment includes its retail marketing sites and product supply, and wholesale assets. As of December 31, 2016, its retail stores were located in 26 states, primarily in the Southwest, Southeast and Midwest the United States.

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

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