Matarin Capital Management Lowers stake in Murphy USA Inc (MUSA)

Murphy USA Inc (MUSA) : Matarin Capital Management reduced its stake in Murphy USA Inc by 0.97% during the most recent quarter end. The investment management company now holds a total of 130,532 shares of Murphy USA Inc which is valued at $9,853,861 after selling 1,280 shares in Murphy USA Inc , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Murphy USA Inc makes up approximately 1.26% of Matarin Capital Management’s portfolio.

Other Hedge Funds, Including , Blackrock Advisors reduced its stake in MUSA by selling 20,698 shares or 8.21% in the most recent quarter. The Hedge Fund company now holds 231,419 shares of MUSA which is valued at $17,469,820. Murphy USA Inc makes up approx 0.02% of Blackrock Advisors’s portfolio.Gamco Investors Et Al reduced its stake in MUSA by selling 22,644 shares or 4.65% in the most recent quarter. The Hedge Fund company now holds 463,801 shares of MUSA which is valued at $36,774,781. Murphy USA Inc makes up approx 0.24% of Gamco Investors Et Al’s portfolio.

Murphy USA Inc closed down -0.83 points or -1.10% at $74.39 with 2,46,974 shares getting traded on Friday. Post opening the session at $75.08, the shares hit an intraday low of $74.13 and an intraday high of $75.22 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Murphy USA Inc reported $1.17 EPS for the quarter, beating the analyst consensus estimate by $ 0.19 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $0.98. The company had revenue of $3005.76 million for the quarter, compared to analysts expectations of $3101.09 million. The company’s revenue was down -13.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.59 EPS.

Many Wall Street Analysts have commented on Murphy USA Inc. Murphy USA Inc was Downgraded by JP Morgan to ” Neutral” on Aug 1, 2016. Company shares were Reiterated by Jefferies on Jun 9, 2016 to “Buy”, Firm has raised the Price Target to $ 82 from a previous price target of $76 .

Murphy USA Inc. (Murphy USA) is a retail marketing company. The Company’s business consists of the marketing of retail motor fuel products and convenience merchandise through a chain of retail stations operated by it which are in close proximity to Walmart stores. Its retail stations are located in approximately 23 states in the Southwest Southeast and Midwest United States. Of these stations 1056 are branded Murphy USA and 207 are standalone Murphy Express locations. Its retail stations under the brand name Murphy USA participate in the Walmart discount program. Its Murphy Express branded stations are not connected to the Walmart discount program but are otherwise similar to the Murphy USA sites including the types of fuel and merchandise offerings available to its customers. Its business also includes certain product supply and wholesale assets including product distribution terminals and pipeline positions.

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