Murphy USA Inc. (NYSE:MUSA) Holdings Lowered by Federated Hermes Inc.

Key Points

• Federated Hermes Inc. decreased its ownership in Murphy USA Inc. by 6.4%, owning approximately 0.19% of the company, valued at $17.36 million.
• Murphy USA's stock decreased by 0.1% on Friday, trading at $361.96, as it reports a decline in revenue by 8.2% year-over-year despite beating EPS estimates.
• Several analysts have downgraded their ratings and price targets for Murphy USA, with the stock currently holding an average rating of "Moderate Buy."

Federated Hermes Inc. cut its stake in shares of Murphy USA Inc. (NYSE:MUSA - Free Report) by 6.4% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 36,949 shares of the specialty retailer's stock after selling 2,520 shares during the period. Federated Hermes Inc. owned approximately 0.19% of Murphy USA worth $17,359,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the business. GAMMA Investing LLC raised its position in shares of Murphy USA by 53,469.2% during the 1st quarter. GAMMA Investing LLC now owns 553,906 shares of the specialty retailer's stock valued at $260,231,000 after acquiring an additional 552,872 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Murphy USA during the 4th quarter valued at approximately $53,777,000. Victory Capital Management Inc. raised its position in shares of Murphy USA by 61.5% during the 1st quarter. Victory Capital Management Inc. now owns 252,575 shares of the specialty retailer's stock valued at $118,662,000 after acquiring an additional 96,200 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of Murphy USA by 363.2% during the 4th quarter. BNP Paribas Financial Markets now owns 54,471 shares of the specialty retailer's stock valued at $27,331,000 after acquiring an additional 42,712 shares in the last quarter. Finally, Northern Trust Corp raised its position in shares of Murphy USA by 24.2% during the 4th quarter. Northern Trust Corp now owns 212,247 shares of the specialty retailer's stock valued at $106,495,000 after acquiring an additional 41,295 shares in the last quarter. 80.81% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director David C. Haley bought 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The stock was acquired at an average price of $435.58 per share, with a total value of $435,580.00. Following the completion of the purchase, the director directly owned 1,000 shares of the company's stock, valued at $435,580. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 9.04% of the stock is owned by corporate insiders.

Analyst Ratings Changes

MUSA has been the topic of several research reports. Wells Fargo & Company dropped their price target on Murphy USA from $520.00 to $440.00 and set an "overweight" rating on the stock in a research report on Friday. Raymond James Financial downgraded Murphy USA from an "outperform" rating to a "market perform" rating in a research note on Friday, May 9th. Stephens lowered their price objective on Murphy USA from $530.00 to $475.00 and set an "overweight" rating for the company in a research note on Friday, May 9th. Wall Street Zen downgraded Murphy USA from a "buy" rating to a "hold" rating in a research note on Friday, May 9th. Finally, KeyCorp lowered their price objective on Murphy USA from $500.00 to $480.00 and set an "overweight" rating for the company in a research note on Friday, July 25th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Murphy USA currently has a consensus rating of "Moderate Buy" and an average target price of $476.29.

Murphy USA Stock Performance

Shares of NYSE:MUSA traded down $0.52 on Friday, hitting $361.96. The company's stock had a trading volume of 816,152 shares, compared to its average volume of 313,129. Murphy USA Inc. has a 12 month low of $345.23 and a 12 month high of $561.08. The company has a market capitalization of $7.15 billion, a price-to-earnings ratio of 14.99 and a beta of 0.43. The stock's 50-day moving average is $416.84 and its two-hundred day moving average is $454.99. The company has a debt-to-equity ratio of 3.20, a quick ratio of 0.39 and a current ratio of 0.80.

Murphy USA (NYSE:MUSA - Get Free Report) last announced its earnings results on Wednesday, July 30th. The specialty retailer reported $7.36 earnings per share for the quarter, beating the consensus estimate of $6.82 by $0.54. Murphy USA had a return on equity of 64.63% and a net margin of 2.52%. The business had revenue of $5.01 billion during the quarter, compared to analysts' expectations of $5.17 billion. During the same quarter last year, the business posted $6.92 earnings per share. The company's quarterly revenue was down 8.2% on a year-over-year basis. On average, equities research analysts forecast that Murphy USA Inc. will post 26.45 EPS for the current 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.