Murphy USA Inc. (NYSE:MUSA) Given Average Recommendation of “Buy” by Brokerages
Shares of Murphy USA Inc. (NYSE:MUSA) have earned an average recommendation of “Buy” from the five analysts that are currently covering the stock. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $83.33.
Several analysts recently weighed in on the company. Jefferies Group set a $90.00 price objective on Murphy USA and gave the stock a “buy” rating in a research report on Wednesday, July 27th. JPMorgan Chase & Co. cut Murphy USA from an “overweight” rating to a “neutral” rating and upped their target price for the stock from $75.00 to $85.00 in a report on Monday, August 1st. Finally, Stephens cut Murphy USA from an “overweight” rating to an “equal weight” rating in a report on Tuesday, July 12th.
In related news, Director Robert Madison Murphy purchased 6,037 shares of the firm’s stock in a transaction dated Tuesday, August 9th. The stock was bought at an average price of $48.68 per share, with a total value of $293,881.16. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP John A. Moore sold 5,290 shares of the stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $78.05, for a total value of $412,884.50. Following the completion of the sale, the senior vice president now directly owns 21,590 shares of the company’s stock, valued at approximately $1,685,099.50. The disclosure for this sale can be found here. 6.98% of the stock is owned by company insiders.
Several large investors have recently modified their holdings of the stock. Southernsun Asset Management LLC boosted its stake in shares of Murphy USA by 2.6% in the first quarter. Southernsun Asset Management LLC now owns 1,531,033 shares of the company’s stock valued at $94,082,000 after buying an additional 39,415 shares during the last quarter. State Street Corp boosted its stake in Murphy USA by 1.7% in the first quarter. State Street Corp now owns 1,262,511 shares of the company’s stock valued at $77,585,000 after buying an additional 21,654 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Murphy USA by 4.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,174,681 shares of the company’s stock valued at $87,113,000 after buying an additional 47,730 shares in the last quarter. FMR LLC boosted its stake in Murphy USA by 8.2% in the second quarter. FMR LLC now owns 815,206 shares of the company’s stock valued at $60,456,000 after buying an additional 61,600 shares in the last quarter. Finally, LSV Asset Management boosted its stake in Murphy USA by 817.5% in the second quarter. LSV Asset Management now owns 811,043 shares of the company’s stock valued at $60,146,000 after buying an additional 722,643 shares in the last quarter. 77.71% of the stock is owned by institutional investors.
Murphy USA (NYSE:MUSA) opened at 72.88 on Thursday. The firm’s 50-day moving average price is $74.62 and its 200-day moving average price is $68.98. The company has a market cap of $2.85 billion, a PE ratio of 11.65 and a beta of 0.79. Murphy USA has a one year low of $51.68 and a one year high of $80.44.
Murphy USA (NYSE:MUSA) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $1.17 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.18. Murphy USA had a return on equity of 22.06% and a net margin of 2.20%. The business earned $3.01 billion during the quarter, compared to the consensus estimate of $3.15 billion. During the same period in the prior year, the company earned $0.59 EPS. Murphy USA’s revenue for the quarter was down 13.3% on a year-over-year basis. On average, equities research analysts forecast that Murphy USA will post $4.80 earnings per share for the current fiscal year.
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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