Murphy USA Inc. (MUSA) Upgraded to “Sell” by BidaskClub
Murphy USA Inc. (NYSE:MUSA) was upgraded by research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a report released on Thursday.
A number of other analysts also recently commented on MUSA. Stephens raised their price objective on Murphy USA from $76.00 to $83.00 and gave the stock an “overweight” rating in a research report on Friday, June 30th. Zacks Investment Research upgraded Murphy USA from a “strong sell” rating to a “hold” rating and set a $83.00 price objective for the company in a research report on Saturday, July 1st. William Blair initiated coverage on Murphy USA in a research report on Wednesday, July 12th. They issued a “market perform” rating for the company. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $83.00 price objective (up previously from $77.00) on shares of Murphy USA in a research report on Monday, July 17th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $83.25.
Shares of Murphy USA (NYSE:MUSA) traded down 0.19% on Thursday, reaching $67.48. The company had a trading volume of 8,982 shares. The firm has a market capitalization of $2.43 billion, a PE ratio of 17.99 and a beta of 0.71. Murphy USA has a 12 month low of $57.13 and a 12 month high of $79.98. The company’s 50-day moving average is $68.95 and its 200 day moving average is $69.75.
Murphy USA (NYSE:MUSA) last announced its quarterly earnings data on Wednesday, August 2nd. The specialty retailer reported $1.51 EPS for the quarter, topping 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 company had revenue of $3.21 billion during the quarter, compared to the consensus estimate of $3.27 billion. During the same quarter last year, the company earned $1.17 EPS. The company’s quarterly revenue was up 6.9% on a year-over-year basis. Equities analysts forecast that Murphy USA will post $3.70 earnings per share for the current year.
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In related news, SVP John A. Moore sold 1,030 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $71.46, for a total transaction of $73,603.80. Following the completion of the transaction, the senior vice president now owns 18,169 shares in the company, valued at approximately $1,298,356.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Daryl R. Schofield bought 3,000 shares of the business’s stock in a transaction that occurred on Thursday, August 17th. The shares were bought at an average price of $66.00 per share, with a total value of $198,000.00. Following the transaction, the executive vice president now directly owns 3,000 shares in the company, valued at $198,000. The disclosure for this purchase can be found here. 7.30% of the stock is owned by company insiders.
Several institutional investors have recently bought and sold shares of the stock. BlackRock Inc. lifted its position in shares of Murphy USA by 10,259.5% during the 1st quarter. BlackRock Inc. now owns 3,001,041 shares of the specialty retailer’s stock worth $220,335,000 after buying an additional 2,972,072 shares during the period. Vanguard Group Inc. increased its holdings in Murphy USA by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 2,844,983 shares of the specialty retailer’s stock valued at $208,879,000 after purchasing an additional 18,620 shares in the last quarter. Iridian Asset Management LLC CT increased its holdings in Murphy USA by 79.5% during the 2nd quarter. Iridian Asset Management LLC CT now owns 2,202,973 shares of the specialty retailer’s stock valued at $163,262,000 after purchasing an additional 975,880 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Murphy USA by 30.3% during 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 in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Murphy USA by 2.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,148,891 shares of the specialty retailer’s stock valued at $85,143,000 after purchasing an additional 25,895 shares in the last quarter. Institutional investors and hedge funds own 97.47% 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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