Revolve Wealth Partners LLC Buys New Position in Murphy USA Inc. $MUSA

Revolve Wealth Partners LLC bought a new position in shares of Murphy USA Inc. (NYSE:MUSA) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,134 shares of the specialty retailer’s stock, valued at approximately $611,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. AQR Capital Management LLC lifted its holdings in Murphy USA by 149.9% in the 4th quarter. AQR Capital Management LLC now owns 507,418 shares of the specialty retailer’s stock valued at $204,753,000 after acquiring an additional 304,354 shares during the last quarter. Alliancebernstein L.P. grew its stake in shares of Murphy USA by 676.7% in the 2nd quarter. Alliancebernstein L.P. now owns 170,215 shares of the specialty retailer’s stock worth $69,243,000 after purchasing an additional 148,301 shares during the last quarter. Norges Bank acquired a new position in shares of Murphy USA in the 4th quarter worth approximately $50,726,000. Morgan Stanley raised its holdings in shares of Murphy USA by 45.6% in the 4th quarter. Morgan Stanley now owns 318,473 shares of the specialty retailer’s stock worth $128,511,000 after purchasing an additional 99,798 shares in the last quarter. Finally, Encompass Capital Advisors LLC bought a new stake in shares of Murphy USA in the 1st quarter worth approximately $44,457,000. 80.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on MUSA shares. Zacks Research cut shares of Murphy USA from a “strong-buy” rating to a “hold” rating in a report on Monday, June 22nd. Wall Street Zen raised Murphy USA from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 27th. Weiss Ratings upgraded Murphy USA from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, June 30th. Wells Fargo & Company raised their price objective on Murphy USA from $520.00 to $570.00 and gave the stock an “equal weight” rating in a research note on Monday, July 20th. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a $619.00 target price on shares of Murphy USA in a report on Wednesday, July 29th. Six equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $606.89.

Insiders Place Their Bets

In other news, SVP Renee M. Bacon sold 1,050 shares of the firm’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $529.44, for a total value of $555,912.00. Following the completion of the sale, the senior vice president owned 3,083 shares of the company’s stock, valued at $1,632,263.52. This trade represents a 25.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Diane N. Landen sold 3,000 shares of Murphy USA stock in a transaction on Friday, June 5th. The shares were sold at an average price of $547.25, for a total value of $1,641,750.00. Following the transaction, the director owned 53,841 shares in the company, valued at $29,464,487.25. This represents a 5.28% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 4,567 shares of company stock worth $2,494,673. Corporate insiders own 9.02% of the company’s stock.

Murphy USA Stock Performance

Shares of MUSA opened at $544.92 on Wednesday. The company has a 50-day moving average of $577.29 and a two-hundred day moving average of $511.89. The stock has a market cap of $10.06 billion, a price-to-earnings ratio of 16.59, a PEG ratio of 1.62 and a beta of 0.28. The company has a debt-to-equity ratio of 2.77, a current ratio of 0.92 and a quick ratio of 0.54. Murphy USA Inc. has a one year low of $349.83 and a one year high of $636.04.

Murphy USA (NYSE:MUSA) last released its quarterly earnings results on Wednesday, August 5th. The specialty retailer reported $11.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.95 by $1.32. The business had revenue of $6.81 billion for the quarter, compared to analyst estimates of $6.03 billion. Murphy USA had a net margin of 2.87% and a return on equity of 96.01%. The firm’s revenue was up 36.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $7.36 earnings per share. On average, equities research analysts expect that Murphy USA Inc. will post 33.84 earnings per share for the current year.

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.