BidaskClub Upgrades Murphy USA Inc. (MUSA) to Buy

Murphy USA Inc. (NYSE:MUSA) was upgraded by research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday.

Other equities analysts also recently issued research reports about the stock. Jefferies Group LLC reissued a “buy” rating and issued a $83.00 target price (up previously from $77.00) on shares of Murphy USA in a report on Monday, July 17th. Stephens downgraded shares of Murphy USA from an “overweight” rating to an “equal weight” rating in a report on Friday, August 4th. Zacks Investment Research downgraded shares of Murphy USA from a “buy” rating to a “hold” rating in a report on Tuesday, July 18th. Finally, William Blair initiated coverage on shares of Murphy USA in a report on Wednesday, July 12th. They issued a “market perform” rating on the stock. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Murphy USA has an average rating of “Hold” and an average price target of $84.50.

Shares of Murphy USA (NYSE:MUSA) opened at 72.52 on Wednesday. Murphy USA has a 52-week low of $57.13 and a 52-week high of $79.98. The stock’s 50 day moving average is $67.53 and its 200 day moving average is $69.92. The stock has a market cap of $2.61 billion, a PE ratio of 19.34 and a beta of 0.72.

Murphy USA (NYSE:MUSA) last released its earnings results on Wednesday, August 2nd. The specialty retailer reported $1.51 EPS for the quarter, topping the consensus estimate of $1.09 by $0.42. Murphy USA had a net margin of 1.15% and a return on equity of 20.19%. The firm had revenue of $3.21 billion for the quarter, compared to the consensus estimate of $3.27 billion. During the same quarter in the previous year, the firm earned $1.17 earnings per share. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. Equities research analysts forecast that Murphy USA will post $3.76 earnings per share for the current year.

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In related news, SVP John A. Moore sold 1,030 shares of the company’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $71.46, for a total transaction of $73,603.80. Following the sale, the senior vice president now owns 18,169 shares of the company’s stock, valued at $1,298,356.74. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Daryl R. Schofield purchased 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The shares were acquired at an average cost of $66.00 per share, for a total transaction of $198,000.00. Following the purchase, the executive vice president now owns 3,000 shares of the company’s stock, valued at $198,000. The disclosure for this purchase can be found here. 7.30% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. IFP Advisors Inc raised its stake in Murphy USA by 1.0% during the second quarter. IFP Advisors Inc now owns 3,776 shares of the specialty retailer’s stock valued at $280,000 after purchasing an additional 39 shares in the last quarter. Oppenheimer & Co. Inc. raised its stake in Murphy USA by 1.2% during the second quarter. Oppenheimer & Co. Inc. now owns 4,225 shares of the specialty retailer’s stock valued at $314,000 after purchasing an additional 52 shares in the last quarter. State Treasurer State of Michigan raised its stake in Murphy USA by 0.7% during the second quarter. State Treasurer State of Michigan now owns 14,225 shares of the specialty retailer’s stock valued at $1,054,000 after purchasing an additional 100 shares in the last quarter. Texas Permanent School Fund raised its stake in Murphy USA by 0.5% during the second quarter. Texas Permanent School Fund now owns 25,239 shares of the specialty retailer’s stock valued at $1,870,000 after purchasing an additional 127 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its stake in Murphy USA by 8.0% during the first quarter. Nomura Asset Management Co. Ltd. now owns 2,160 shares of the specialty retailer’s stock valued at $159,000 after purchasing an additional 160 shares in the last quarter. 97.29% of the stock is currently owned by institutional investors.

About Murphy USA

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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