Murphy USA Inc. (MUSA) Rating Lowered to Hold at BidaskClub
Murphy USA Inc. (NYSE:MUSA) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.
A number of other research analysts also recently issued reports on the stock. Jefferies Group LLC restated a “buy” rating and issued a $83.00 price target (up from $77.00) on shares of Murphy USA in a research report on Monday, July 17th. Stephens downgraded shares of Murphy USA from an “overweight” rating to an “equal weight” rating in a research report on Friday, August 4th. Zacks Investment Research upgraded shares of Murphy USA from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, William Blair assumed coverage on shares of Murphy USA in a research report on Wednesday, July 12th. They issued a “market perform” rating on the stock. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $84.50.
Murphy USA (NYSE:MUSA) last announced its quarterly earnings data on Wednesday, November 1st. The specialty retailer reported $1.90 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.34 by $0.56. The company had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.43 billion. Murphy USA had a net margin of 1.31% and a return on equity of 24.03%. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period last year, the business earned $1.16 EPS.
In related news, SVP John A. Moore sold 1,030 shares of Murphy USA stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $71.46, for a total value of $73,603.80. Following the sale, the senior vice president now directly owns 18,169 shares in the company, valued at approximately $1,298,356.74. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Daryl R. Schofield acquired 3,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 3,000 shares in the company, valued at $198,000. The disclosure for this purchase can be found here. Company insiders own 7.30% of the company’s stock.
Large investors have recently modified their holdings of the stock. NGAM Advisors L.P. lifted its position in Murphy USA by 6.0% in the 2nd quarter. NGAM Advisors L.P. now owns 25,752 shares of the specialty retailer’s stock valued at $1,908,000 after purchasing an additional 1,462 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its position in Murphy USA by 4.4% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 78,126 shares of the specialty retailer’s stock valued at $5,790,000 after purchasing an additional 3,314 shares during the last quarter. Virginia Retirement Systems ET AL lifted its position in Murphy USA by 6.5% in the 2nd quarter. Virginia Retirement Systems ET AL now owns 37,900 shares of the specialty retailer’s stock valued at $2,809,000 after purchasing an additional 2,300 shares during the last quarter. Legal & General Group Plc lifted its position in Murphy USA by 1.6% in the 2nd quarter. Legal & General Group Plc now owns 99,613 shares of the specialty retailer’s stock valued at $7,377,000 after purchasing an additional 1,568 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Murphy USA by 30.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,216,985 shares of the specialty retailer’s stock valued at $90,192,000 after purchasing an additional 282,812 shares during the last quarter. Hedge funds and other institutional investors own 97.11% of the company’s stock.
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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