Longboard Asset Management LP Makes New $217,000 Investment in Murphy USA Inc. (NYSE:MUSA)

Longboard Asset Management LP acquired a new stake in Murphy USA Inc. (NYSE:MUSA) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 433 shares of the specialty retailer’s stock, valued at approximately $217,000.

A number of other institutional investors have also modified their holdings of MUSA. V Square Quantitative Management LLC increased its position in shares of Murphy USA by 40.4% in the third quarter. V Square Quantitative Management LLC now owns 73 shares of the specialty retailer’s stock worth $36,000 after acquiring an additional 21 shares in the last quarter. Fortitude Family Office LLC boosted its position in Murphy USA by 186.1% during the 4th quarter. Fortitude Family Office LLC now owns 103 shares of the specialty retailer’s stock worth $52,000 after purchasing an additional 67 shares during the period. R Squared Ltd acquired a new stake in Murphy USA in the 4th quarter valued at $55,000. Versant Capital Management Inc raised its position in Murphy USA by 348.4% in the fourth quarter. Versant Capital Management Inc now owns 139 shares of the specialty retailer’s stock valued at $70,000 after purchasing an additional 108 shares during the period. Finally, Key Financial Inc lifted its stake in shares of Murphy USA by 942.9% during the third quarter. Key Financial Inc now owns 146 shares of the specialty retailer’s stock worth $72,000 after purchasing an additional 132 shares in the last quarter. Hedge funds and other institutional investors own 80.81% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Murphy USA from a “buy” rating to a “hold” rating in a research note on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $509.40.

Murphy USA Stock Performance

MUSA stock opened at $506.58 on Tuesday. The stock’s fifty day moving average is $512.22 and its two-hundred day moving average is $507.15. The stock has a market capitalization of $10.26 billion, a price-to-earnings ratio of 20.90 and a beta of 0.79. The company has a debt-to-equity ratio of 2.19, a quick ratio of 0.41 and a current ratio of 0.80. Murphy USA Inc. has a 1 year low of $355.64 and a 1 year high of $561.08.

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.