BidaskClub Lowers Murphy USA Inc. (MUSA) to Buy
Murphy USA Inc. (NYSE:MUSA) was downgraded by investment analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a report released on Tuesday, July 11th.
MUSA has been the topic of several other research reports. Stephens boosted their price target on shares of Murphy USA from $76.00 to $83.00 and gave the company an “overweight” rating in a report on Friday, June 30th. Wells Fargo & Company lowered shares of Murphy USA from an “outperform” rating to a “market perform” rating in a report on Tuesday, April 18th. Zacks Investment Research lowered shares of Murphy USA from a “hold” rating to a “sell” rating in a report on Wednesday, April 12th. Finally, Jefferies Group LLC lowered their price target on shares of Murphy USA from $78.00 to $77.00 and set a “buy” rating on the stock in a report on Wednesday, May 3rd. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $83.25.
Murphy USA (NYSE MUSA) opened at 72.28 on Tuesday. Murphy USA has a 52-week low of $57.13 and a 52-week high of $80.44. The company has a market capitalization of $3.38 billion, a P/E ratio of 19.27 and a beta of 0.68. The stock has a 50 day moving average of $72.67 and a 200-day moving average of $69.19.
Murphy USA (NYSE:MUSA) last announced its quarterly earnings results on Wednesday, August 2nd. The specialty retailer reported $1.51 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.09 by $0.42. The firm had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.27 billion. Murphy USA had a net margin of 1.15% and a return on equity of 20.19%. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.17 EPS. On average, equities analysts forecast that Murphy USA will post $3.70 earnings per share for the current year.
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Several large investors have recently bought and sold shares of MUSA. Fifth Third Bancorp raised its stake in Murphy USA by 29.3% in the first quarter. Fifth Third Bancorp now owns 1,945 shares of the specialty retailer’s stock valued at $143,000 after buying an additional 441 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its stake in Murphy USA by 8.0% in the first quarter. Nomura Asset Management Co. Ltd. now owns 2,160 shares of the specialty retailer’s stock valued at $159,000 after buying an additional 160 shares during the last quarter. Victory Capital Management Inc. raised its stake in Murphy USA by 49.0% in the first quarter. Victory Capital Management Inc. now owns 2,232 shares of the specialty retailer’s stock valued at $164,000 after buying an additional 734 shares during the last quarter. Grimes & Company Inc. purchased a new stake in Murphy USA during the first quarter valued at $204,000. Finally, Quadrature Capital Ltd purchased a new stake in Murphy USA during the fourth quarter valued at $211,000. 98.16% of the stock is currently owned by institutional investors and hedge funds.
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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