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

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

Murphy USA (NYSE:MUSA) traded down 1.87% on Tuesday, reaching $71.52. 64,463 shares of the company traded hands. The stock has a market capitalization of $2.80 billion, a PE ratio of 11.44 and a beta of 0.79. Murphy USA has a one year low of $51.68 and a one year high of $80.44. The firm has a 50 day moving average of $74.62 and a 200-day moving average of $68.98.

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Murphy USA (NYSE:MUSA) last released its earnings results on Wednesday, August 3rd. The company reported $1.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.18. The business earned $3.01 billion during 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 company’s revenue for the quarter was down 13.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.59 EPS. On average, analysts anticipate that Murphy USA will post $4.80 EPS for the current year.

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

A number of institutional investors have recently modified their holdings of the stock. LSV Asset Management boosted its position 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 during the period. Norges Bank bought a new position in shares of Murphy USA during the fourth quarter valued at $42,754,000. TIAA CREF Investment Management LLC boosted its position 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 during the period. Brown Advisory Inc. boosted its position in shares of Murphy USA by 102.3% in the fourth quarter. Brown Advisory Inc. now owns 612,631 shares of the company’s stock valued at $37,211,000 after buying an additional 309,737 shares during the period. Finally, Principal Financial Group Inc. boosted its position in shares of Murphy USA by 209.8% in the fourth quarter. Principal Financial Group Inc. now owns 399,151 shares of the company’s stock valued at $24,244,000 after buying an additional 270,325 shares during the period. Institutional investors and hedge funds own 77.71% of the company’s stock.

About Murphy USA

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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