BidaskClub upgraded shares of Murphy USA Inc. (NYSE:MUSA) from a hold rating to a buy rating in a report released on Monday.
MUSA has been the topic of several other research reports. Stephens dropped their price objective on Murphy USA from $82.00 to $76.00 and set an overweight rating on the stock in a research note on Wednesday, May 3rd. Zacks Investment Research lowered Murphy USA from a buy rating to a hold rating in a research note on Tuesday, July 18th. Wells Fargo & Company lowered Murphy USA from an outperform rating to a market perform rating in a research note on Tuesday, April 18th. Jefferies Group LLC restated a buy rating and issued a $83.00 price objective (up previously from $77.00) on shares of Murphy USA in a research note on Monday, July 17th. Finally, William Blair started coverage on Murphy USA in a research note on Wednesday, July 12th. They issued a market perform rating on the stock. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Murphy USA presently has an average rating of Hold and a consensus price target of $83.00.
Shares of Murphy USA (NYSE:MUSA) traded up 1.48% on Monday, hitting $76.85. The company had a trading volume of 377,927 shares. Murphy USA has a 12-month low of $57.13 and a 12-month high of $80.44. The firm has a 50 day moving average of $72.44 and a 200-day moving average of $69.08. The firm has a market capitalization of $2.83 billion, a P/E ratio of 22.41 and a beta of 0.67.
Murphy USA (NYSE:MUSA) last issued its quarterly earnings results on Monday, May 1st. The specialty retailer reported ($0.08) EPS for the quarter, meeting the consensus estimate of ($0.08). Murphy USA had a return on equity of 18.37% and a net margin of 1.10%. The firm had revenue of $3 billion during the quarter, compared to analysts’ expectations of $3.06 billion. During the same period in the prior year, the firm posted $2.08 earnings per share. The business’s quarterly revenue was up 20.5% compared to the same quarter last year. On average, equities analysts predict that Murphy USA will post $3.56 EPS for the current year.
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In other Murphy USA news, Director James W. Keyes acquired 4,000 shares of the company’s stock in a transaction on Thursday, May 4th. The shares were purchased at an average price of $65.20 per share, for a total transaction of $260,800.00. Following the completion of the purchase, the director now directly owns 9,650 shares of the company’s stock, valued at $629,180. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP John P. Corrigan acquired 1,000 shares of the company’s stock in a transaction on Thursday, May 4th. The stock was acquired at an average price of $65.01 per share, for a total transaction of $65,010.00. Following the purchase, the senior vice president now directly owns 2,000 shares of the company’s stock, valued at $130,020. The disclosure for this purchase can be found here. 7.30% of the stock is owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in the stock. Quadrature Capital Ltd purchased a new position in shares of Murphy USA during the fourth quarter worth $211,000. Fifth Third Bancorp raised its position in shares of Murphy USA by 29.3% in the first quarter. Fifth Third Bancorp now owns 1,945 shares of the specialty retailer’s stock worth $143,000 after buying an additional 441 shares during the period. Norges Bank purchased a new position in shares of Murphy USA during the fourth quarter worth $19,206,000. King Luther Capital Management Corp raised its position in shares of Murphy USA by 5.1% in the first quarter. King Luther Capital Management Corp now owns 22,164 shares of the specialty retailer’s stock worth $1,627,000 after buying an additional 1,080 shares during the period. Finally, Highbridge Capital Management LLC purchased a new position in shares of Murphy USA during the fourth quarter worth $2,686,000. Hedge funds and other institutional investors own 98.16% of the company’s stock.
Murphy USA Company Profile
Murphy USA Inc is engaged in the marketing of retail motor fuel products and merchandise through a chain of retail stores. The Company operates through the Marketing segment. The Marketing segment includes its retail marketing sites and product supply, and wholesale assets. As of December 31, 2016, its retail stores were located in 26 states, primarily in the Southwest, Southeast and Midwest the United States.
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