Murphy USA Inc. (NYSE:MUSA) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a report released on Friday.

According to Zacks, “Murphy USA Inc. is a retailer of gasoline products and convenience store merchandise primarily in the United States. Murphy USA Inc. is headquartered in El Dorado, AR. “

Several other analysts have also recently commented on MUSA. Jefferies Group raised their target price on Murphy USA from $76.00 to $82.00 and gave the stock a “buy” rating in a research report on Thursday, June 9th. Stephens cut Murphy USA from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, July 12th. JPMorgan Chase & Co. cut Murphy USA from an “overweight” rating to a “neutral” rating and raised their target price for the stock from $75.00 to $85.00 in a research report on Monday, August 1st. Finally, Wells Fargo & Co. reaffirmed a “buy” rating and issued a $81.00 target price on shares of Murphy USA in a research report on Tuesday. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $82.75.

Shares of Murphy USA (NYSE:MUSA) opened at 72.33 on Friday. The stock has a 50 day moving average price of $74.33 and a 200-day moving average price of $69.05. The firm has a market cap of $2.83 billion, a price-to-earnings ratio of 11.57 and a beta of 0.79. Murphy USA has a 1-year low of $51.68 and a 1-year high of $80.44.

Murphy USA (NYSE:MUSA) last issued its earnings results on Wednesday, August 3rd. The company reported $1.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.18. The business earned $3.01 billion during the quarter, compared to analysts’ expectations of $3.15 billion. Murphy USA had a return on equity of 22.06% and a net margin of 2.20%. Murphy USA’s revenue was down 13.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.59 earnings per share. On average, equities research analysts expect that Murphy USA will post $4.73 earnings per share for the current fiscal year.

In related news, CFO Malynda K. West sold 9,463 shares of Murphy USA stock in a transaction on Monday, August 8th. The stock was sold at an average price of $77.54, for a total transaction of $733,761.02. Following the completion of the sale, the chief financial officer now owns 55,045 shares of the company’s stock, valued at $4,268,189.30. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Robert Madison Murphy acquired 6,037 shares of Murphy USA stock in a transaction that occurred on Tuesday, August 9th. The shares were purchased at an average cost of $48.68 per share, with a total value of $293,881.16. The disclosure for this purchase can be found here. 6.98% of the stock is owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. C M Bidwell & Associates Ltd. purchased a new stake in Murphy USA during the first quarter worth about $244,000. JPMorgan Chase & Co. boosted its stake in Murphy USA by 2.2% in the first quarter. JPMorgan Chase & Co. now owns 454,175 shares of the company’s stock worth $27,910,000 after buying an additional 9,847 shares during the last quarter. BlackRock Group LTD boosted its stake in Murphy USA by 18.2% in the first quarter. BlackRock Group LTD now owns 84,895 shares of the company’s stock worth $5,218,000 after buying an additional 13,042 shares during the last quarter. BlackRock Inc. boosted its stake in Murphy USA by 28.1% in the first quarter. BlackRock Inc. now owns 34,267 shares of the company’s stock worth $2,105,000 after buying an additional 7,511 shares during the last quarter. Finally, Teachers Advisors Inc. boosted its stake in Murphy USA by 52.6% in the first quarter. Teachers Advisors Inc. now owns 77,604 shares of the company’s stock worth $4,769,000 after buying an additional 26,736 shares during the last quarter. 77.70% of the stock is owned by hedge funds and other institutional investors.

Murphy USA Company Profile

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.

5 Day Chart for NYSE:MUSA

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