Murphy USA Inc. (NYSE:MUSA)‘s stock had its “buy” rating reiterated by research analysts at Wells Fargo & Co. in a report released on Tuesday.

Several other analysts have also issued reports on the stock. Jefferies Group upped their price target on shares of Murphy USA from $76.00 to $82.00 and gave the company a “buy” rating in a research report on Thursday, June 9th. JPMorgan Chase & Co. lowered shares of Murphy USA from an “overweight” rating to a “neutral” rating and upped their price target for the company from $75.00 to $85.00 in a research report on Monday, August 1st. Finally, Stephens lowered shares of Murphy USA from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, July 12th. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $83.33.

Shares of Murphy USA (NYSE:MUSA) traded down 1.88% during mid-day trading on Tuesday, hitting $71.51. The stock had a trading volume of 66,274 shares. The stock’s 50-day moving average is $74.62 and its 200 day moving average is $68.98. The firm has a market capitalization of $2.80 billion, a price-to-earnings ratio of 11.43 and a beta of 0.79. Murphy USA has a 1-year low of $51.68 and a 1-year high of $80.44.

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Murphy USA (NYSE:MUSA) last announced its earnings results on Wednesday, August 3rd. The company reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.18. Murphy USA had a net margin of 2.20% and a return on equity of 22.06%. The company earned $3.01 billion during the quarter, compared to analyst estimates of $3.15 billion. During the same period in the previous year, the business earned $0.59 earnings per share. The firm’s quarterly revenue was down 13.3% compared to the same quarter last year. Equities research analysts predict that Murphy USA will post $4.80 EPS for the current fiscal year.

In other news, Director Robert Madison Murphy acquired 6,037 shares of the stock in a transaction dated Tuesday, August 9th. The stock was purchased at an average cost of $48.68 per share, with a total value of $293,881.16. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Malynda K. West sold 9,463 shares of the company’s stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $77.54, for a total transaction of $733,761.02. Following the transaction, the chief financial officer now directly owns 55,045 shares of the company’s stock, valued at $4,268,189.30. The disclosure for this sale can be found here. Insiders own 6.98% of the company’s stock.

Several institutional investors have recently modified their holdings of MUSA. Victory Capital Management Inc. increased its position in shares of Murphy USA by 76.9% in the second quarter. Victory Capital Management Inc. now owns 1,348 shares of the company’s stock valued at $100,000 after buying an additional 586 shares during the period. Pinkerton Retirement Specialists LLC purchased a new position in shares of Murphy USA during the second quarter valued at approximately $134,000. First Manhattan Co. increased its position in shares of Murphy USA by 5.2% in the second quarter. First Manhattan Co. now owns 2,010 shares of the company’s stock valued at $149,000 after buying an additional 100 shares during the period. LS Investment Advisors LLC increased its position in shares of Murphy USA by 55.9% in the second quarter. LS Investment Advisors LLC now owns 2,268 shares of the company’s stock valued at $168,000 after buying an additional 813 shares during the period. Finally, Kernodle & Katon Asset Management Group LLC increased its position in shares of Murphy USA by 934.8% in the second quarter. Kernodle & Katon Asset Management Group LLC now owns 2,587 shares of the company’s stock valued at $192,000 after buying an additional 2,337 shares during the period. 77.71% 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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