Choreo LLC Sells 812 Shares of Murphy USA Inc. (NYSE:MUSA)

Choreo LLC decreased its position in Murphy USA Inc. (NYSE:MUSA - Free Report) by 47.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 916 shares of the specialty retailer's stock after selling 812 shares during the period. Choreo LLC's holdings in Murphy USA were worth $430,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC lifted its stake in Murphy USA by 53,469.2% during the first quarter. GAMMA Investing LLC now owns 553,906 shares of the specialty retailer's stock valued at $260,231,000 after purchasing an additional 552,872 shares during the last quarter. Norges Bank acquired a new stake in Murphy USA during the fourth quarter valued at approximately $112,741,000. Raymond James Financial Inc. acquired a new stake in Murphy USA during the fourth quarter valued at approximately $53,777,000. Victory Capital Management Inc. lifted its stake in Murphy USA by 61.5% during the first quarter. Victory Capital Management Inc. now owns 252,575 shares of the specialty retailer's stock valued at $118,662,000 after purchasing an additional 96,200 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in Murphy USA by 363.2% during the fourth quarter. BNP Paribas Financial Markets now owns 54,471 shares of the specialty retailer's stock valued at $27,331,000 after purchasing an additional 42,712 shares during the last quarter. Institutional investors own 80.81% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Jefferies Financial Group downgraded shares of Murphy USA from a "buy" rating to a "hold" rating and set a $350.00 price target for the company. in a research report on Friday. Wall Street Zen downgraded shares of Murphy USA from a "buy" rating to a "hold" rating in a research report on Friday, May 9th. Raymond James Financial downgraded shares of Murphy USA from an "outperform" rating to a "market perform" rating in a research report on Friday, May 9th. KeyCorp reduced their price target on shares of Murphy USA from $500.00 to $480.00 and set an "overweight" rating for the company in a research report on Friday, July 25th. Finally, Stephens reduced their price target on shares of Murphy USA from $530.00 to $475.00 and set an "overweight" rating for the company in a research report on Friday, May 9th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Murphy USA presently has an average rating of "Moderate Buy" and a consensus target price of $484.88.

Murphy USA Price Performance

Shares of Murphy USA stock traded down $10.10 during mid-day trading on Friday, reaching $352.38. 299,226 shares of the stock were exchanged, compared to its average volume of 292,320. The company has a market cap of $6.96 billion, a price-to-earnings ratio of 14.59 and a beta of 0.48. The company has a current ratio of 0.80, a quick ratio of 0.39 and a debt-to-equity ratio of 2.74. The firm has a 50-day simple moving average of $418.49 and a 200 day simple moving average of $456.06. Murphy USA Inc. has a fifty-two week low of $345.23 and a fifty-two week high of $561.08.

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, topping analysts' consensus estimates of $6.82 by $0.54. Murphy USA had a net margin of 2.52% and a return on equity of 61.57%. The company had revenue of $5.01 billion during the quarter, compared to the consensus estimate of $5.17 billion. During the same period in the previous year, the firm posted $6.92 earnings per share. The company's revenue was down 8.2% on a year-over-year basis. On average, sell-side analysts predict that Murphy USA Inc. will post 26.45 EPS for the current fiscal year.

Insider Activity at Murphy USA

In other Murphy USA news, Director David C. Haley purchased 1,000 shares of the stock in a transaction dated Tuesday, May 27th. The stock was bought at an average price of $435.58 per share, for a total transaction of $435,580.00. Following the transaction, the director directly owned 1,000 shares in the company, valued at $435,580. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 9.04% of the stock is currently owned by corporate insiders.

About Murphy USA

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.