Gabelli Funds LLC Sells 5,000 Shares of Murphy USA Inc (NYSE:MUSA)

Gabelli Funds LLC lowered its holdings in Murphy USA Inc (NYSE:MUSA) by 9.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 50,200 shares of the specialty retailer’s stock after selling 5,000 shares during the quarter. Gabelli Funds LLC’s holdings in Murphy USA were worth $4,282,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Advisor Group Inc. raised its holdings in shares of Murphy USA by 61.2% in the 2nd quarter. Advisor Group Inc. now owns 851 shares of the specialty retailer’s stock valued at $72,000 after purchasing an additional 323 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Murphy USA by 66.1% in the 2nd quarter. Invesco Ltd. now owns 117,910 shares of the specialty retailer’s stock valued at $9,908,000 after purchasing an additional 46,928 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Murphy USA in the 2nd quarter valued at about $36,000. UBS Asset Management Americas Inc. raised its holdings in shares of Murphy USA by 5.4% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 47,493 shares of the specialty retailer’s stock valued at $3,991,000 after purchasing an additional 2,413 shares in the last quarter. Finally, Stone Ridge Asset Management LLC raised its holdings in shares of Murphy USA by 71.1% in the 2nd quarter. Stone Ridge Asset Management LLC now owns 14,196 shares of the specialty retailer’s stock valued at $1,193,000 after purchasing an additional 5,900 shares in the last quarter. Institutional investors and hedge funds own 85.23% of the company’s stock.

NYSE MUSA opened at $115.66 on Friday. The company has a quick ratio of 0.83, a current ratio of 1.29 and a debt-to-equity ratio of 1.24. The firm has a market cap of $3.68 billion, a PE ratio of 21.38, a price-to-earnings-growth ratio of 6.72 and a beta of 0.74. The company has a 50 day moving average price of $93.07 and a 200 day moving average price of $87.73. Murphy USA Inc has a 52 week low of $69.98 and a 52 week high of $121.12.

Several equities research analysts have recently commented on MUSA shares. Stephens upgraded shares of Murphy USA from an “equal” rating to an “overweight” rating and boosted their price target for the company from $92.00 to $100.00 in a report on Tuesday, October 15th. TheStreet upgraded shares of Murphy USA from a “c+” rating to a “b+” rating in a research note on Wednesday, July 31st. ValuEngine lowered shares of Murphy USA from a “buy” rating to a “hold” rating in a research note on Wednesday, September 4th. Finally, Wells Fargo & Co boosted their price objective on shares of Murphy USA from $80.00 to $87.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $92.67.

About Murphy USA

Murphy USA Inc operates a chain of retail stores in the United States. The company's retail stores offer motor fuel products and convenience merchandise. It operates retail stores under the Murphy USA and Murphy Express brand names. As of December 31, 2018, the company operated approximately 1,474 retail stores, including 1,160 Murphy USA and 312 are standalone Murphy Express stores located primarily in the Southwest, Southeast, and Midwest United States.

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Institutional Ownership by Quarter for Murphy USA (NYSE:MUSA)

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