Asset Management One Co. Ltd., a prominent investment and asset management company, has recently revealed its latest filing with the Securities & Exchange Commission. According to reports, the firm has acquired a new stake in Murphy USA Inc. (NYSE:MUSA) in the last quarter. The purchase included 1,149 shares of the specialty retailer’s stock, worth around $323,000.
Murphy USA is known for marketing motor fuel products and convenience merchandise through retail stores like Murphy USA and Murphy Express. It also collaborates with retail giant Walmart to offer customers discounted and free items based on qualifying purchases of fuel and merchandise. The company was established in 1996 and currently has its headquarters located in El Dorado, AR.
The latest move by Asset Management One Co. Ltd., marks an important development for both firms involved. During Q1-2021, Murphy USA had already reported better than expected earnings data with $4.80 earnings per share for the quarter, beating market expectations by about $0.62 per share.
Revenues generated during this period were also higher than analysts’ predictions with a total of $5.08 billion being reported, compared to original estimates of $4.95 billion for the quarter.
At present, the overall consensus among equities analysts for Murphy USA’s future performance looks quite promising as well. Considering previous results reports that have been released so far this year analysts have predicted that Murphy USA will post an EPS of 18 cents by year-end.
In conclusion, asset investment companies such as Asset Management One Co., Ltd., are constantly looking out for potential investment opportunities that hold strong prospects of good returns on their investments within specific industry segments – precisely what they have identified in Murphy USA Inc., making it a wise addition to any investment portfolio aiming for sector diversification along with steady returns on investment with long term potential gains on investments as well as risk minimization tactics being put into place ensuring alignment with portfolio objectives.
Institutional Investors increase holdings in Murphy USA, Inc.
Institutional investors have recently been buying and selling shares of the specialty retailer Murphy USA, according to reports. Harvest Fund Management Co. Ltd increased its holdings by 20.8% in the fourth quarter, while Convergence Investment Partners LLC and Hancock Whitney Corp lifted their positions by 6.5% and 311.5%, respectively, during the same period. Illinois Municipal Retirement Fund also increased its position by 85.3%, while SG Americas Securities LLC lifted its position by 160.9%. Hedge funds and other institutional investors now own 85.3% of the stock.
Shares of MUSA stock opened at $281.59 on Friday, with a market cap of $6.13 billion, a price-to-earnings ratio of 10.02 and a beta of 0.80. The company has a current ratio of 0.85, a quick ratio of 0.48 and a debt-to-equity ratio of 2.80.
Murphy USA, Inc is known for marketing motor fuel products and convenience merchandise through retail stores, including Murphy USA and Murphy Express locations nationwide.
This year, however, the firm made news with its partnership with Walmart to offer discounted and even free items to customers who buy qualifying fuel or merchandise from the chain’s stores nationwide.
The company disclosed in February that it was increasing its quarterly dividend from $0.35 to $0.37 per share paid on Wednesday March 1st Those holding record on Tuesday February were eligible for this latest cash windfall courtesy of an enterprise garnering analyst ratings that range from “Hold” to “Buy” according to financial news site Bloomberg which tallies this as an average price target of $315 per share – an assessment that falls markedly short falling short compared with some analysts who have predicted highs up around $325-$335 based on what has been projected to be strong revenues growth going forward for the oil marketing and convenience store retail segments of Murphy USA’s business for the remainder of 2017.