Analysts Set Murphy USA Inc. (MUSA) PT at $86.00
Murphy USA Inc. (NYSE:MUSA) has been assigned an average rating of “Hold” from the six ratings firms that are presently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $86.00.
A number of brokerages have recently issued reports on MUSA. BidaskClub upgraded Murphy USA from a “hold” rating to a “buy” rating in a report on Monday, July 31st. Stephens boosted their target price on Murphy USA from $76.00 to $83.00 and gave the stock an “overweight” rating in a report on Friday, June 30th. Jefferies Group LLC reiterated a “buy” rating and set a $83.00 target price (up previously from $77.00) on shares of Murphy USA in a report on Monday, July 17th. Zacks Investment Research cut Murphy USA from a “buy” rating to a “hold” rating in a report on Tuesday, July 18th. Finally, William Blair began coverage on Murphy USA in a report on Wednesday, July 12th. They set a “market perform” rating for the company.
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Murphy USA (NYSE MUSA) traded up 0.51% on Friday, hitting $71.15. 236,313 shares of the stock traded hands. The stock has a market cap of $2.57 billion, a price-to-earnings ratio of 18.97 and a beta of 0.72. The firm’s 50-day moving average price is $67.04 and its 200-day moving average price is $69.91. Murphy USA has a 12-month low of $57.13 and a 12-month high of $79.98.
Murphy USA (NYSE:MUSA) last issued its earnings results on Wednesday, August 2nd. The specialty retailer reported $1.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.09 by $0.42. Murphy USA had a return on equity of 20.19% and a net margin of 1.15%. The business had revenue of $3.21 billion during the quarter, compared to analysts’ expectations of $3.27 billion. During the same quarter in the previous year, the business earned $1.17 EPS. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. On average, equities research analysts anticipate that Murphy USA will post $3.69 EPS for the current fiscal year.
In related news, EVP Daryl R. Schofield purchased 3,000 shares of the firm’s stock in a transaction on Thursday, August 17th. The stock was purchased at an average price of $66.00 per share, for a total transaction of $198,000.00. Following the acquisition, the executive vice president now directly owns 3,000 shares in the company, valued at $198,000. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP John A. Moore sold 1,030 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $71.46, for a total value of $73,603.80. Following the completion of the transaction, the senior vice president now owns 18,169 shares of the company’s stock, valued at approximately $1,298,356.74. The disclosure for this sale can be found here. 7.30% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Lord Abbett & CO. LLC boosted its holdings in Murphy USA by 2.5% in the 2nd quarter. Lord Abbett & CO. LLC now owns 40,800 shares of the specialty retailer’s stock worth $3,024,000 after acquiring an additional 1,000 shares during the period. BW Gestao de Investimentos Ltda. boosted its holdings in Murphy USA by 11.2% in the 2nd quarter. BW Gestao de Investimentos Ltda. now owns 10,035 shares of the specialty retailer’s stock worth $744,000 after acquiring an additional 1,007 shares during the period. Tower Research Capital LLC TRC boosted its holdings in Murphy USA by 1,343.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,443 shares of the specialty retailer’s stock worth $107,000 after acquiring an additional 1,343 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in Murphy USA by 1.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 50,897 shares of the specialty retailer’s stock worth $3,772,000 after acquiring an additional 723 shares during the period. Finally, Cubist Systematic Strategies LLC purchased a new position in Murphy USA in the 2nd quarter worth approximately $688,000. Hedge funds and other institutional investors own 97.29% of the company’s stock.
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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