Hightower Advisors Lowers stake in Murphy USA Inc (MUSA)

Murphy USA Inc (MUSA) : Hightower Advisors reduced its stake in Murphy USA Inc by 3.39% during the most recent quarter end. The investment management company now holds a total of 473,082 shares of Murphy USA Inc which is valued at $35,712,960 after selling 16,625 shares in Murphy USA Inc , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Murphy USA Inc makes up approximately 0.44% of Hightower Advisors’s portfolio.

Other Hedge Funds, Including , Pacad Investment Ltd. reduced its stake in MUSA by selling 12,500 shares or 85.05% in the most recent quarter. The Hedge Fund company now holds 2,197 shares of MUSA which is valued at $165,852. Murphy USA Inc makes up approx 0.02% of Pacad Investment Ltd.’s portfolio. Trexquant Investment Lp added MUSA to its portfolio by purchasing 3,629 company shares during the most recent quarter which is valued at $273,953. Murphy USA Inc makes up approx 0.03% of Trexquant Investment Lp’s portfolio.Central Trust Co boosted its stake in MUSA in the latest quarter, The investment management firm added 231 additional shares and now holds a total of 3,686 shares of Murphy USA Inc which is valued at $280,541. Murphy USA Inc makes up approx 0.02% of Central Trust Co’s portfolio.Public Employees Retirement Association Of Colorado reduced its stake in MUSA by selling 151 shares or 11.29% in the most recent quarter. The Hedge Fund company now holds 1,187 shares of MUSA which is valued at $90,972. Acadian Asset Management sold out all of its stake in MUSA during the most recent quarter. The investment firm sold 90 shares of MUSA which is valued $6,862.

Murphy USA Inc closed down -0.28 points or -0.38% at $73.44 with 2,81,267 shares getting traded on Tuesday. Post opening the session at $74.21, the shares hit an intraday low of $73.43 and an intraday high of $74.61 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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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