Murphy USA Inc. (NYSE:MUSA) was downgraded by investment analysts at Stephens from an “overweight” rating to an “equal weight” rating in a report issued on Friday, Marketbeat.com reports.

A number of other equities research analysts have also recently weighed in on the company. BidaskClub raised Murphy USA from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. Zacks Investment Research cut Murphy USA from a “buy” rating to a “hold” rating in a research note on Tuesday, July 18th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $83.00 price objective (up from $77.00) on shares of Murphy USA in a research note on Monday, July 17th. William Blair began coverage on Murphy USA in a research note on Wednesday, July 12th. They issued a “market perform” rating for the company. Finally, Wells Fargo & Company cut Murphy USA from an “outperform” rating to a “market perform” rating in a research note on Tuesday, April 18th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $83.25.

Murphy USA (NYSE MUSA) opened at 70.93 on Friday. The stock’s 50 day moving average price is $73.09 and its 200 day moving average price is $69.30. The company has a market cap of $3.32 billion, a P/E ratio of 18.91 and a beta of 0.68. Murphy USA has a 52-week low of $57.13 and a 52-week high of $79.98.

Murphy USA (NYSE:MUSA) last issued its quarterly earnings data on Wednesday, August 2nd. The specialty retailer reported $1.51 earnings per share for the quarter, beating 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 period in the previous year, the firm posted $1.17 earnings per share. The company’s revenue was up 6.9% on a year-over-year basis. Analysts expect that Murphy USA will post $3.72 earnings per share for the current year.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First Citizens Bank & Trust Co. bought a new position in Murphy USA during the first quarter valued at approximately $220,000. Independent Portfolio Consultants Inc. boosted its position in Murphy USA by 43.9% in the first quarter. Independent Portfolio Consultants Inc. now owns 23,830 shares of the specialty retailer’s stock valued at $1,750,000 after buying an additional 7,275 shares during the last quarter. Quantitative Systematic Strategies LLC bought a new position in Murphy USA during the first quarter valued at approximately $1,984,000. Reliance Trust Co. of Delaware bought a new position in Murphy USA during the first quarter valued at approximately $284,000. Finally, Howe & Rusling Inc. bought a new position in Murphy USA during the first quarter valued at approximately $390,000. 97.90% of the stock is owned by hedge funds and other institutional investors.

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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