Stephens upgraded shares of Murphy USA Inc. (NYSE:MUSA) from an equal weight rating to an overweight rating in a research note published on Thursday morning.

A number of other research firms have also recently commented on MUSA. Wells Fargo & Co. reaffirmed a buy rating and set a $81.00 price objective on shares of Murphy USA in a research report on Tuesday, September 20th. Jefferies Group set a $89.00 price objective on shares of Murphy USA and gave the stock a buy rating in a research report on Saturday, October 1st. Zacks Investment Research raised shares of Murphy USA from a sell rating to a hold rating in a research report on Thursday, November 3rd. Finally, JPMorgan Chase & Co. cut shares of Murphy USA from an overweight rating to a neutral rating and lifted their price objective for the stock from $75.00 to $85.00 in a research report on Monday, August 1st. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of $81.50.

Shares of Murphy USA (NYSE:MUSA) traded up 2.56% during trading on Thursday, hitting $68.39. 84,244 shares of the stock were exchanged. Murphy USA has a 1-year low of $51.68 and a 1-year high of $80.44. The firm’s 50-day moving average is $67.79 and its 200 day moving average is $70.86. The company has a market cap of $2.64 billion, a P/E ratio of 11.34 and a beta of 0.83.

Murphy USA (NYSE:MUSA) last released its earnings results on Wednesday, November 2nd. The company reported $1.16 earnings per share for the quarter, missing the consensus estimate of $1.60 by $0.44. Murphy USA had a net margin of 2.13% and a return on equity of 19.89%. The firm earned $3.04 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same period in the prior year, the business posted $1.40 earnings per share. Murphy USA’s quarterly revenue was down 10.0% compared to the same quarter last year. Equities analysts forecast that Murphy USA will post $4.10 earnings per share for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in MUSA. Price T Rowe Associates Inc. MD boosted its stake in Murphy USA by 20.3% in the third quarter. Price T Rowe Associates Inc. MD now owns 1,144,970 shares of the company’s stock valued at $81,705,000 after buying an additional 193,440 shares during the period. Cornerstone Capital Management Holdings LLC. boosted its stake in Murphy USA by 25.1% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 259,608 shares of the company’s stock valued at $18,525,000 after buying an additional 52,039 shares during the period. Credit Suisse AG boosted its stake in Murphy USA by 8.2% in the third quarter. Credit Suisse AG now owns 46,513 shares of the company’s stock valued at $3,319,000 after buying an additional 3,544 shares during the period. Ameritas Investment Partners Inc. boosted its stake in Murphy USA by 89.4% in the third quarter. Ameritas Investment Partners Inc. now owns 11,094 shares of the company’s stock valued at $792,000 after buying an additional 5,238 shares during the period. Finally, Intl Fcstone Inc. purchased a new stake in Murphy USA during the third quarter valued at $982,000. Institutional investors own 81.87% 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.

5 Day Chart for NYSE:MUSA

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