Murphy USA Inc. (NYSE:MUSA)‘s stock had its “buy” rating restated by equities researchers at Jefferies Group LLC in a report released on Monday, July 17th, Marketbeat reports. They presently have a $83.00 price objective on the specialty retailer’s stock, up from their previous price objective of $77.00. Jefferies Group LLC’s price objective suggests a potential upside of 14.83% from the stock’s previous close.
Other analysts also recently issued research reports about the company. Zacks Investment Research upgraded Murphy USA from a “strong sell” rating to a “hold” rating and set a $83.00 price target on the stock in a research note on Saturday, July 1st. BidaskClub downgraded Murphy USA from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 11th. William Blair assumed coverage on Murphy USA in a report on Wednesday, July 12th. They issued a “market perform” rating for the company. Stephens boosted their price objective on Murphy USA from $76.00 to $83.00 and gave the company an “overweight” rating in a report on Friday, June 30th. Finally, Wells Fargo & Company cut Murphy USA from an “outperform” rating to a “market perform” rating in a report on Tuesday, April 18th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $83.25.
Murphy USA (MUSA) traded down 1.58% during midday trading on Monday, hitting $72.28. The company had a trading volume of 835,577 shares. Murphy USA has a 52 week low of $57.13 and a 52 week high of $80.44. The stock has a market capitalization of $3.38 billion, a PE ratio of 19.27 and a beta of 0.68. The stock has a 50 day moving average price of $72.67 and a 200-day moving average price of $69.19.
Murphy USA (NYSE:MUSA) last posted its quarterly earnings results on Wednesday, August 2nd. The specialty retailer reported $1.51 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.09 by $0.42. The business had revenue of $3.21 billion for the quarter, compared to the consensus estimate of $3.27 billion. Murphy USA had a return on equity of 20.19% and a net margin of 1.15%. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.17 EPS. On average, equities analysts predict that Murphy USA will post $3.70 EPS for the current year.
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Several institutional investors have recently made changes to their positions in the stock. Fifth Third Bancorp boosted 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 last quarter. Nomura Asset Management Co. Ltd. boosted its position in shares of Murphy USA by 8.0% in the first quarter. Nomura Asset Management Co. Ltd. now owns 2,160 shares of the specialty retailer’s stock worth $159,000 after buying an additional 160 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of Murphy USA by 49.0% in the first quarter. Victory Capital Management Inc. now owns 2,232 shares of the specialty retailer’s stock worth $164,000 after buying an additional 734 shares during the last quarter. Grimes & Company Inc. purchased a new position in shares of Murphy USA during the first quarter worth approximately $204,000. Finally, LS Investment Advisors LLC boosted its position in shares of Murphy USA by 13.4% in the second quarter. LS Investment Advisors LLC now owns 2,896 shares of the specialty retailer’s stock worth $215,000 after buying an additional 343 shares during the last quarter. 98.16% of the stock is owned by institutional investors and hedge funds.
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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