Daryl R. Schofield Purchases 3,000 Shares of Murphy USA Inc. (MUSA) Stock
Murphy USA Inc. (NYSE:MUSA) EVP Daryl R. Schofield purchased 3,000 shares of Murphy USA stock in a transaction that occurred on Thursday, August 17th. The shares were bought at an average cost of $66.00 per share, for a total transaction of $198,000.00. Following the completion of the transaction, the executive vice president now directly owns 3,000 shares in the company, valued at approximately $198,000. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Murphy USA Inc. (NYSE MUSA) traded up 0.77% during midday trading on Monday, reaching $66.40. The company’s stock had a trading volume of 477,101 shares. The firm has a market capitalization of $2.39 billion, a PE ratio of 17.71 and a beta of 0.68. The stock has a 50 day moving average of $72.12 and a 200 day moving average of $69.66. Murphy USA Inc. has a 52 week low of $57.13 and a 52 week high of $79.98.
Murphy USA (NYSE:MUSA) last posted its quarterly earnings results on Wednesday, August 2nd. The specialty retailer reported $1.51 EPS for the quarter, beating the consensus estimate of $1.09 by $0.42. The firm had revenue of $3.21 billion during the quarter, compared to analysts’ expectations of $3.27 billion. Murphy USA had a return on equity of 20.19% and a net margin of 1.15%. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.17 EPS. On average, equities research analysts predict that Murphy USA Inc. will post $3.76 earnings per share for the current fiscal year.
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Several equities research analysts have issued reports on the company. BidaskClub upgraded Murphy USA from a “hold” rating to a “buy” rating in a report on Tuesday, June 20th. Stephens dropped their price objective on Murphy USA from $82.00 to $76.00 and set an “overweight” rating on the stock in a report on Wednesday, May 3rd. Zacks Investment Research upgraded Murphy USA from a “strong sell” rating to a “hold” rating and set a $83.00 price objective on the stock in a report on Saturday, July 1st. Jefferies Group LLC dropped their price objective on Murphy USA from $78.00 to $77.00 and set a “buy” rating on the stock in a report on Wednesday, May 3rd. Finally, William Blair assumed coverage on Murphy USA in a report on Wednesday, July 12th. They set a “market perform” rating on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $83.25.
A number of institutional investors have recently bought and sold shares of the stock. IFP Advisors Inc boosted its position in Murphy USA by 1.0% in the second quarter. IFP Advisors Inc now owns 3,776 shares of the specialty retailer’s stock valued at $280,000 after buying an additional 39 shares during the period. Oppenheimer & Co. Inc. boosted its position in Murphy USA by 1.2% in the second quarter. Oppenheimer & Co. Inc. now owns 4,225 shares of the specialty retailer’s stock valued at $314,000 after buying an additional 52 shares during the period. Heartland Advisors Inc. boosted its position in Murphy USA by 1.7% in the first quarter. Heartland Advisors Inc. now owns 3,561 shares of the specialty retailer’s stock valued at $261,000 after buying an additional 59 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Murphy USA by 1.5% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,646 shares of the specialty retailer’s stock valued at $488,000 after buying an additional 95 shares during the period. Finally, State Treasurer State of Michigan boosted its position in Murphy USA by 0.7% in the second quarter. State Treasurer State of Michigan now owns 14,225 shares of the specialty retailer’s stock valued at $1,054,000 after buying an additional 100 shares during the period. 97.92% of the stock is owned by hedge funds and other institutional investors.
Murphy USA Company Profile
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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