Zacks Investment Research Lowers Murphy USA Inc. (MUSA) to Sell
Murphy USA Inc. (NYSE:MUSA) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday.
According to Zacks, “Murphy USA Inc. is a retailer of gasoline products and convenience store merchandise primarily in the United States. Murphy USA Inc. is headquartered in El Dorado, AR. “
Other equities research analysts have also issued reports about the stock. Jefferies Group set a $89.00 target price on shares of Murphy USA and gave the stock a “buy” rating in a research report on Saturday, October 1st. JPMorgan Chase & Co. lowered shares of Murphy USA from an “overweight” rating to a “neutral” rating and boosted their target price for the stock from $75.00 to $85.00 in a research report on Monday, August 1st. Stephens lowered shares of Murphy USA from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, July 12th. Finally, Wells Fargo & Co. restated a “buy” rating and set a $81.00 target price on shares of Murphy USA in a research report on Tuesday, September 20th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. Murphy USA presently has a consensus rating of “Hold” and an average price target of $82.50.
Shares of Murphy USA (NYSE:MUSA) opened at 72.56 on Thursday. Murphy USA has a 52-week low of $51.68 and a 52-week high of $80.44. The firm has a market capitalization of $2.84 billion, a PE ratio of 11.60 and a beta of 0.80. The company’s 50-day moving average is $73.10 and its 200 day moving average is $69.55.
Murphy USA (NYSE:MUSA) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.18. The company had revenue of $3.01 billion for the quarter, compared to analysts’ expectations of $3.15 billion. Murphy USA had a net margin of 2.20% and a return on equity of 22.06%. Murphy USA’s revenue was down 13.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.59 EPS. Equities analysts expect that Murphy USA will post $4.71 earnings per share for the current fiscal year.
In other news, Director Robert Madison Murphy bought 6,037 shares of Murphy USA stock in a transaction on Tuesday, August 9th. The shares were bought at an average cost of $48.68 per share, for a total transaction of $293,881.16. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Malynda K. West sold 9,463 shares of the company’s stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $77.54, for a total transaction of $733,761.02. Following the completion of the transaction, the chief financial officer now owns 55,045 shares in the company, valued at $4,268,189.30. The disclosure for this sale can be found here. 6.98% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BB&T Securities LLC raised its position in Murphy USA by 1.0% in the first quarter. BB&T Securities LLC now owns 21,404 shares of the company’s stock worth $1,315,000 after buying an additional 209 shares during the period. M&T Bank Corp raised its position in Murphy USA by 12.1% in the first quarter. M&T Bank Corp now owns 3,857 shares of the company’s stock worth $238,000 after buying an additional 415 shares during the period. C M Bidwell & Associates Ltd. purchased a new position in Murphy USA during the first quarter worth about $244,000. JPMorgan Chase & Co. raised its position in Murphy USA by 2.2% in the first quarter. JPMorgan Chase & Co. now owns 454,175 shares of the company’s stock worth $27,910,000 after buying an additional 9,847 shares during the period. Finally, BlackRock Group LTD raised its position in Murphy USA by 18.2% in the first quarter. BlackRock Group LTD now owns 84,895 shares of the company’s stock worth $5,218,000 after buying an additional 13,042 shares during the period. Institutional investors own 77.70% of the company’s stock.
Murphy USA Company Profile
Murphy USA Inc (Murphy USA) is engaged in the marketing of retail motor fuel products and convenience 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. Its retail stores are located in over 20 states, in the Southwest, Southeast and Midwest United States.
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