Murphy USA Inc. (MUSA) Given Average Recommendation of “Hold” by Analysts
Murphy USA Inc. (NYSE:MUSA) has received an average rating of “Hold” from the seven research firms that are covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $83.50.
Several research firms recently issued reports on MUSA. Jefferies Group LLC reissued a “buy” rating and issued a $83.00 target price (up from $77.00) on shares of Murphy USA in a research report on Monday. BidaskClub downgraded Murphy USA from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 11th. William Blair began coverage on Murphy USA in a research report on Wednesday, July 12th. They issued a “market perform” rating on the stock. Zacks Investment Research raised Murphy USA from a “strong sell” rating to a “hold” rating and set a $83.00 target price on the stock in a research report on Saturday, July 1st. Finally, Stephens upped their target price on Murphy USA from $76.00 to $83.00 and gave the company an “overweight” rating in a research report on Friday, June 30th.
Murphy USA (NYSE MUSA) traded down 0.08% during mid-day trading on Monday, hitting $73.01. The company’s stock had a trading volume of 411,137 shares. The company has a market cap of $2.68 billion, a P/E ratio of 21.19 and a beta of 0.67. The firm’s 50-day moving average is $69.43 and its 200-day moving average is $67.62. Murphy USA has a 12-month low of $57.13 and a 12-month high of $80.44.
Murphy USA (NYSE:MUSA) last released its earnings results on Monday, May 1st. The specialty retailer reported ($0.08) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.08). Murphy USA had a return on equity of 18.37% and a net margin of 1.10%. The firm had revenue of $3 billion for the quarter, compared to the consensus estimate of $3.06 billion. During the same period in the prior year, the firm earned $2.08 EPS. The firm’s revenue was up 20.5% on a year-over-year basis. Analysts predict that Murphy USA will post $3.50 EPS for the current fiscal year.
In related news, Director James W. Keyes purchased 4,000 shares of the business’s stock in a transaction on Thursday, May 4th. The shares were bought at an average cost of $65.20 per share, with a total value of $260,800.00. Following the transaction, the director now owns 9,650 shares of the company’s stock, valued at $629,180. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP John P. Corrigan purchased 1,000 shares of the business’s stock in a transaction on Thursday, May 4th. The shares were bought at an average cost of $65.01 per share, for a total transaction of $65,010.00. Following the completion of the transaction, the senior vice president now directly owns 2,000 shares in the company, valued at approximately $130,020. The disclosure for this purchase can be found here. 7.30% of the stock is currently owned by company insiders.
Large investors have recently made changes to their positions in the company. Russell Investments Group Ltd. acquired a new stake in Murphy USA during the fourth quarter worth approximately $2,002,000. Comerica Bank boosted its stake in Murphy USA by 7.2% in the fourth quarter. Comerica Bank now owns 25,377 shares of the specialty retailer’s stock worth $1,553,000 after buying an additional 1,715 shares during the period. A.R.T. Advisors LLC acquired a new stake in Murphy USA during the fourth quarter worth approximately $264,000. Two Sigma Investments LP acquired a new stake in Murphy USA during the fourth quarter worth approximately $441,000. Finally, Thrivent Financial for Lutherans boosted its stake in Murphy USA by 3.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 14,010 shares of the specialty retailer’s stock worth $861,000 after buying an additional 420 shares during the period. 98.25% of the stock is currently owned by 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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