Junto Capital Management LP, a hedge fund, has decreased its stake in Murphy USA Inc. by 31.8% in the fourth quarter. According to its most recent Form 13F filing with the Securities & Exchange Commission, Junto Capital Management LP sold 95,106 shares of the specialty retailer's stock, leaving them with 204,161 shares. This reduction in stake resulted in Murphy USA accounting for 1.6% of Junto Capital Management LP's holdings, making it their 22nd biggest position. The value of their stake in Murphy USA is estimated to be $72,796,000. Other hedge funds and institutional investors have also recently bought and sold shares of the company. Neuberger Berman Group LLC increased its position in Murphy USA by 1.0% during the fourth quarter, Quadrature Capital Ltd purchased a new stake in the company, and Security National Bank and Stephens Inc. AR raised their holdings. Hedge funds and institutional investors now own 80.81% of Murphy USA's stock. [097ab717] [936f08f9]
In other related news, short interest in Murphy Oil Co. (NYSE:MUR) increased by 23.7% in May, with a total of 7,360,000 shares sold short. This represents a growth of 23.7% from the previous total of 5,950,000 shares on May 15th. The short-interest ratio is currently 4.9 days based on an average daily volume of 1,490,000 shares. Institutional investors and hedge funds have been adding to or reducing their stakes in the company. Murphy Oil's stock performance has been fluctuating, with a 1-year low of $36.34 and a 1-year high of $49.14. The company reported earnings of $0.85 per share for the quarter, beating the consensus estimate of $0.82 per share. Murphy Oil also announced a quarterly dividend of $0.30 per share, representing a dividend yield of 3.13%. Several research analysts have given the stock a 'Moderate Buy' rating, with an average target price of $51.00. [e095939b]
Short interest in SunPower Co. (NASDAQ:SPWR) decreased by 16.5% in May, with a total of 33,080,000 shares. Hedge funds Schroder Investment Management Group, Vanguard Group, Mitsubishi UFJ Asset Management, and Federated Hermes have all increased their positions in the company. SunPower's stock price is currently at $2.80, with a 12-month low of $1.76 and a high of $12.18. Several analysts have downgraded the stock, with an average rating of 'Reduce' and an average target price of $4.56. [6795478d]