Fortune Financial Advisors LLC Acquires 1,151 Shares of Murphy USA Inc. (NYSE:MUSA)

Fortune Financial Advisors LLC grew its holdings in Murphy USA Inc. (NYSE:MUSA) by 276.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,567 shares of the specialty retailer’s stock after acquiring an additional 1,151 shares during the quarter. Fortune Financial Advisors LLC’s holdings in Murphy USA were worth $786,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of MUSA. Stifel Financial Corp increased its holdings in Murphy USA by 22.2% during the 3rd quarter. Stifel Financial Corp now owns 8,385 shares of the specialty retailer’s stock worth $4,133,000 after purchasing an additional 1,526 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Murphy USA during the fourth quarter worth about $11,529,000. Oak Thistle LLC acquired a new stake in Murphy USA in the 4th quarter valued at approximately $1,207,000. Assetmark Inc. lifted its stake in Murphy USA by 6.1% in the 3rd quarter. Assetmark Inc. now owns 35,240 shares of the specialty retailer’s stock valued at $17,369,000 after acquiring an additional 2,028 shares in the last quarter. Finally, CWA Asset Management Group LLC acquired a new position in Murphy USA during the 3rd quarter worth approximately $1,573,000. Institutional investors and hedge funds own 80.81% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Murphy USA from a “buy” rating to a “hold” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $509.40.

Murphy USA Stock Performance

Shares of NYSE MUSA opened at $502.56 on Friday. Murphy USA Inc. has a one year low of $350.55 and a one year high of $561.08. The company has a debt-to-equity ratio of 2.19, a current ratio of 0.80 and a quick ratio of 0.41. The firm has a market cap of $10.18 billion, a price-to-earnings ratio of 20.73 and a beta of 0.80. The stock’s fifty day moving average price is $513.94 and its two-hundred day moving average price is $506.76.

Murphy USA (NYSE:MUSA) last announced its earnings results on Wednesday, October 30th. The specialty retailer reported $7.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.64 by $0.56. Murphy USA had a net margin of 2.48% and a return on equity of 62.73%. The firm had revenue of $5.24 billion for the quarter, compared to analyst estimates of $5.54 billion. During the same quarter in the prior year, the business posted $7.69 EPS. The business’s revenue was down 9.6% compared to the same quarter last year. On average, equities analysts forecast that Murphy USA Inc. will post 23.62 EPS for the current year.

Murphy USA 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.