Fortune Financial Advisors LLC Has $786,000 Position in Murphy USA Inc. (NYSE:MUSA)

Fortune Financial Advisors LLC increased its stake in shares of Murphy USA Inc. (NYSE:MUSA) by 276.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,567 shares of the specialty retailer’s stock after purchasing 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 have also recently added to or reduced their stakes in MUSA. Creative Planning raised its position in Murphy USA by 8.7% during the 2nd quarter. Creative Planning now owns 2,233 shares of the specialty retailer’s stock worth $1,048,000 after purchasing an additional 178 shares during the last quarter. Cetera Investment Advisers increased its position in Murphy USA by 1.2% during the 2nd quarter. Cetera Investment Advisers now owns 4,599 shares of the specialty retailer’s stock valued at $2,159,000 after purchasing an additional 53 shares during the period. Sanctuary Advisors LLC bought a new position in Murphy USA during the 2nd quarter worth approximately $1,251,000. Park Avenue Securities LLC lifted its position in shares of Murphy USA by 8.6% in the 3rd quarter. Park Avenue Securities LLC now owns 2,196 shares of the specialty retailer’s stock worth $1,082,000 after purchasing an additional 174 shares during the period. Finally, GAMMA Investing LLC boosted its stake in shares of Murphy USA by 13.9% in the 3rd quarter. GAMMA Investing LLC now owns 983 shares of the specialty retailer’s stock valued at $484,000 after purchasing an additional 120 shares during the last quarter. Institutional investors and hedge funds own 80.81% of the company’s stock.

Murphy USA Stock Up 1.8 %

Murphy USA stock opened at $502.56 on Friday. The company has a quick ratio of 0.41, a current ratio of 0.80 and a debt-to-equity ratio of 2.19. The company has a market capitalization of $10.18 billion, a PE ratio of 20.73 and a beta of 0.80. The firm’s fifty day moving average is $513.94 and its 200 day moving average is $506.76. Murphy USA Inc. has a 12-month low of $350.55 and a 12-month high of $561.08.

Murphy USA (NYSE:MUSA) last released its quarterly earnings data 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 company had revenue of $5.24 billion for the quarter, compared to analysts’ expectations of $5.54 billion. During the same quarter in the prior year, the firm earned $7.69 EPS. The business’s revenue was down 9.6% on a year-over-year basis. As a group, sell-side analysts predict that Murphy USA Inc. will post 23.62 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.