Murphy USA Inc. (MUSA) Cut to Sell at Zacks Investment Research
Murphy USA Inc. (NYSE:MUSA) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Thursday.
According to Zacks, “Murphy USA Inc. is a retailer of gasoline products and convenience store merchandise primarily in the United States. Murphy USA Inc. is headquartered in El Dorado, AR. “
Other research analysts have also recently issued reports about the stock. Jefferies Group set a $89.00 target price on shares of Murphy USA and gave the stock a “buy” rating in a report on Saturday, October 1st. JPMorgan Chase & Co. cut shares of Murphy USA from an “overweight” rating to a “neutral” rating and raised their target price for the stock from $75.00 to $85.00 in a report on Monday, August 1st. Stephens cut shares of Murphy USA from an “overweight” rating to an “equal weight” rating in a report on Tuesday, July 12th. Finally, Wells Fargo & Co. reaffirmed a “buy” rating and set a $81.00 target price on shares of Murphy USA in a report on Tuesday, September 20th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $82.50.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/08/murphy-usa-inc-musa-cut-to-sell-at-zacks-investment-research.html
Murphy USA (NYSE:MUSA) opened at 71.38 on Thursday. The company has a market cap of $2.80 billion, a PE ratio of 11.41 and a beta of 0.80. The company has a 50-day moving average of $72.93 and a 200 day moving average of $69.61. Murphy USA has a 52-week low of $51.68 and a 52-week high of $80.44.
Murphy USA (NYSE:MUSA) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $1.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.18. The firm had revenue of $3.01 billion for the quarter, compared to analysts’ expectations of $3.15 billion. Murphy USA had a net margin of 2.20% and a return on equity of 22.06%. The business’s revenue was down 13.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.59 EPS. Equities research analysts predict that Murphy USA will post $4.71 EPS for the current year.
In other Murphy USA news, SVP John A. Moore sold 5,290 shares of the firm’s stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $78.05, for a total value of $412,884.50. Following the sale, the senior vice president now owns 21,590 shares in the company, valued at $1,685,099.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert Madison Murphy bought 6,037 shares of the business’s stock in a transaction on Tuesday, August 9th. The stock was bought at an average price of $48.68 per share, for a total transaction of $293,881.16. The disclosure for this purchase can be found here. Corporate insiders own 6.98% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. Metropolitan Life Insurance Co. NY raised its stake in shares of Murphy USA by 0.3% in the second quarter. Metropolitan Life Insurance Co. NY now owns 35,813 shares of the company’s stock worth $2,656,000 after buying an additional 99 shares in the last quarter. First Manhattan Co. raised its stake 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 worth $149,000 after buying an additional 100 shares in the last quarter. Globeflex Capital L P raised its stake in shares of Murphy USA by 2.4% in the second quarter. Globeflex Capital L P now owns 5,427 shares of the company’s stock worth $402,000 after buying an additional 126 shares in the last quarter. Teacher Retirement System of Texas raised its stake in shares of Murphy USA by 2.5% in the second quarter. Teacher Retirement System of Texas now owns 5,860 shares of the company’s stock worth $435,000 after buying an additional 141 shares in the last quarter. Finally, UBS Asset Management Americas Inc. raised its stake in shares of Murphy USA by 0.3% in the second quarter. UBS Asset Management Americas Inc. now owns 59,278 shares of the company’s stock worth $4,395,000 after buying an additional 164 shares in the last quarter. Hedge funds and other institutional investors own 77.70% 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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Murphy USA Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Murphy USA Inc. and related companies with MarketBeat.com's FREE daily email newsletter.