Murphy USA (MUSA) Earns “Buy” Rating from Jefferies Group

Jefferies Group reissued their buy rating on shares of Murphy USA (NYSE:MUSA) in a research note published on Monday. They currently have a $98.00 price objective on the specialty retailer’s stock. Jefferies Group also issued estimates for Murphy USA’s FY2017 earnings at $4.52 EPS, Q2 2018 earnings at $1.29 EPS, Q3 2018 earnings at $1.61 EPS, FY2020 earnings at $5.38 EPS and FY2022 earnings at $6.08 EPS.

A number of other research analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Murphy USA from a hold rating to a sell rating in a research note on Tuesday, October 24th. BidaskClub upgraded shares of Murphy USA from a strong sell rating to a sell rating in a research note on Thursday, September 14th. ValuEngine upgraded shares of Murphy USA from a hold rating to a buy rating in a research report on Friday, November 10th. JPMorgan Chase & Co. lowered shares of Murphy USA from a neutral rating to an underweight rating in a research report on Tuesday, November 7th. Finally, Wells Fargo & Co boosted their price target on shares of Murphy USA and gave the company a market perform rating in a research report on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $91.00.

Murphy USA (NYSE MUSA) traded down $0.55 during trading on Monday, reaching $85.42. 344,327 shares of the company were exchanged, compared to its average volume of 292,407. Murphy USA has a fifty-two week low of $61.01 and a fifty-two week high of $86.85. The stock has a market cap of $2,970.00, a price-to-earnings ratio of 19.15, a price-to-earnings-growth ratio of 1.42 and a beta of 0.79. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.18 and a quick ratio of 0.77.

Murphy USA (NYSE:MUSA) last released its quarterly earnings data on Wednesday, November 1st. The specialty retailer reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.56. Murphy USA had a net margin of 1.31% and a return on equity of 24.19%. The business had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.43 billion. During the same period in the previous year, the business earned $1.16 EPS. Murphy USA’s revenue was up 6.4% compared to the same quarter last year. equities research analysts anticipate that Murphy USA will post 4.31 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. grew its position in shares of Murphy USA by 37.2% during the 2nd quarter. Russell Investments Group Ltd. now owns 13,686 shares of the specialty retailer’s stock valued at $1,014,000 after purchasing an additional 3,708 shares in the last quarter. Royal Bank of Canada grew its position in shares of Murphy USA by 4.7% during the 2nd quarter. Royal Bank of Canada now owns 953,807 shares of the specialty retailer’s stock valued at $70,686,000 after purchasing an additional 43,107 shares in the last quarter. Quantitative Systematic Strategies LLC grew its position in shares of Murphy USA by 465.5% during the 3rd quarter. Quantitative Systematic Strategies LLC now owns 25,634 shares of the specialty retailer’s stock valued at $1,769,000 after purchasing an additional 21,101 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Murphy USA by 31.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,596,956 shares of the specialty retailer’s stock valued at $110,110,000 after purchasing an additional 379,971 shares in the last quarter. Finally, Citigroup Inc. grew its position in shares of Murphy USA by 514.2% during the 2nd quarter. Citigroup Inc. now owns 6,130 shares of the specialty retailer’s stock valued at $454,000 after purchasing an additional 5,132 shares in the last quarter. Hedge funds and other institutional investors own 95.35% of the company’s stock.

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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.

Analyst Recommendations for Murphy USA (NYSE:MUSA)

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