Murphy USA’s (MUSA) “Buy” Rating Reiterated at Wells Fargo & Co.
Other equities analysts also recently issued research reports about the stock. Jefferies Group lifted their price target on shares of Murphy USA from $76.00 to $82.00 and gave the company a buy rating in a report on Thursday, June 9th. JPMorgan Chase & Co. downgraded shares of Murphy USA from an overweight rating to a neutral rating and lifted their price target for the company from $75.00 to $85.00 in a report on Monday, August 1st. Finally, Stephens downgraded shares of Murphy USA from an overweight rating to an equal weight rating in a report on Tuesday, July 12th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $82.75.
Shares of Murphy USA (NYSE:MUSA) opened at 72.33 on Tuesday. The stock has a market cap of $2.83 billion, a PE ratio of 11.57 and a beta of 0.79. The stock has a 50 day moving average of $74.33 and a 200-day moving average of $69.05. Murphy USA has a 52 week low of $51.68 and a 52 week high of $80.44.
Murphy USA (NYSE:MUSA) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $1.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.18. The company had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $3.15 billion. Murphy USA had a net margin of 2.20% and a return on equity of 22.06%. The firm’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. Equities research analysts predict that Murphy USA will post $4.73 earnings per share for the current fiscal year.
In other news, CFO Malynda K. West sold 9,463 shares of Murphy USA stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $77.54, for a total transaction of $733,761.02. Following the sale, the chief financial officer now owns 55,045 shares in the company, valued at $4,268,189.30. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP John A. Moore sold 5,290 shares of Murphy USA stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $78.05, for a total transaction of $412,884.50. Following the sale, the senior vice president now owns 21,590 shares in the company, valued at approximately $1,685,099.50. The disclosure for this sale can be found here. Insiders own 6.98% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. LSV Asset Management boosted its stake in shares of 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. Norges Bank acquired a new stake in shares of Murphy USA during the fourth quarter valued at $42,754,000. TIAA CREF Investment Management LLC boosted its stake in shares of Murphy USA by 93.0% in the first quarter. TIAA CREF Investment Management LLC now owns 659,404 shares of the company’s stock valued at $40,520,000 after buying an additional 317,738 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of Murphy USA by 122.9% in the first quarter. Renaissance Technologies LLC now owns 317,800 shares of the company’s stock valued at $19,529,000 after buying an additional 175,200 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Murphy USA by 57.2% in the first quarter. Goldman Sachs Group Inc. now owns 440,158 shares of the company’s stock valued at $27,048,000 after buying an additional 160,222 shares in the last quarter. Hedge funds and other institutional investors own 77.70% of the company’s stock.
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.
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