Murphy USA Inc. (MUSA) Receives “Buy” Rating from Jefferies Group
A number of other analysts have also issued reports on MUSA. Stephens upgraded Murphy USA from an equal weight rating to an overweight rating in a report on Thursday. JPMorgan Chase & Co. lowered Murphy USA from an overweight rating to a neutral rating and boosted their price target for the company from $75.00 to $85.00 in a report on Monday, August 1st. Zacks Investment Research upgraded Murphy USA from a sell rating to a hold rating in a report on Thursday, November 3rd. Finally, Wells Fargo & Co. reiterated a buy rating and issued a $81.00 price target on shares of Murphy USA in a report on Tuesday, September 20th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of $81.50.
Murphy USA (NYSE:MUSA) traded up 0.24% on Friday, reaching $67.93. The company had a trading volume of 44,982 shares. The stock’s 50-day moving average is $67.71 and its 200-day moving average is $70.92. Murphy USA has a 52 week low of $51.68 and a 52 week high of $80.44. The company has a market capitalization of $2.62 billion, a P/E ratio of 11.26 and a beta of 0.83.
Murphy USA (NYSE:MUSA) last announced its earnings results on Wednesday, November 2nd. The company reported $1.16 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 business had revenue of $3.04 billion for the quarter, compared to analysts’ expectations of $3.13 billion. During the same quarter last year, the firm earned $1.40 EPS. The firm’s quarterly revenue was down 10.0% on a year-over-year basis. Equities research analysts forecast that Murphy USA will post $4.12 EPS for the current fiscal year.
Several large investors have recently made changes to their positions in the stock. Victory Capital Management Inc. raised its stake in shares of Murphy USA by 76.9% in the second quarter. Victory Capital Management Inc. now owns 1,348 shares of the company’s stock worth $100,000 after buying an additional 586 shares during the period. Tower Research Capital LLC TRC raised its stake in shares of Murphy USA by 63.5% in the third quarter. Tower Research Capital LLC TRC now owns 1,480 shares of the company’s stock worth $106,000 after buying an additional 575 shares during the period. Pinkerton Retirement Specialists LLC bought a new stake in shares of Murphy USA during the second quarter worth $134,000. First Manhattan Co. raised its stake in shares of Murphy USA by 5.2% in the second quarter. First Manhattan Co. now owns 2,010 shares of the company’s stock worth $149,000 after buying an additional 100 shares during the period. Finally, LS Investment Advisors LLC raised its stake in shares of Murphy USA by 55.9% in the second quarter. LS Investment Advisors LLC now owns 2,268 shares of the company’s stock worth $168,000 after buying an additional 813 shares during the period. 83.22% of the stock is currently owned by hedge funds and other institutional investors.
About Murphy USA
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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