Murphy USA Inc. (NYSE:MUSA) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday.

Several other brokerages have also issued reports on MUSA. Zacks Investment Research upgraded Murphy USA from a “strong sell” rating to a “hold” rating and set a $83.00 price target on the stock in a report on Saturday, July 1st. Stephens increased their price target on Murphy USA from $76.00 to $83.00 and gave the stock an “overweight” rating in a report on Friday, June 30th. Jefferies Group LLC reiterated a “buy” rating and issued a $83.00 price target (up previously from $77.00) on shares of Murphy USA in a report on Monday, July 17th. Finally, William Blair assumed coverage on Murphy USA in a report on Wednesday, July 12th. They issued a “market perform” rating on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $83.25.

Shares of Murphy USA (MUSA) traded down 0.80% during trading on Thursday, reaching $65.89. The company’s stock had a trading volume of 310,779 shares. The company’s 50 day moving average price is $72.12 and its 200 day moving average price is $69.66. The firm has a market cap of $2.38 billion, a PE ratio of 17.57 and a beta of 0.68. Murphy USA has a 12 month low of $57.13 and a 12 month high of $79.98.

Murphy USA (NYSE:MUSA) last announced its quarterly earnings results on Wednesday, August 2nd. The specialty retailer reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.42. The business had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.27 billion. Murphy USA had a return on equity of 20.19% and a net margin of 1.15%. The company’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.17 earnings per share. On average, equities analysts predict that Murphy USA will post $3.76 earnings per share for the current year.

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In other news, SVP John A. Moore sold 1,030 shares of the stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $71.46, for a total value of $73,603.80. Following the completion of the sale, the senior vice president now directly owns 18,169 shares of the company’s stock, valued at $1,298,356.74. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 7.30% of the company’s stock.

Several hedge funds have recently modified their holdings of the stock. BlackRock Inc. increased its stake in shares of Murphy USA by 10,259.5% in the first 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 last quarter. Iridian Asset Management LLC CT acquired a new stake in shares of Murphy USA during the first quarter worth approximately $90,093,000. JPMorgan Chase & Co. increased its stake in shares of Murphy USA by 344.3% in the first quarter. JPMorgan Chase & Co. now owns 934,173 shares of the specialty retailer’s stock worth $68,589,000 after buying an additional 723,910 shares during the last quarter. Cambiar Investors LLC acquired a new stake in shares of Murphy USA during the first quarter worth approximately $23,742,000. Finally, Becker Capital Management Inc. acquired a new stake in shares of Murphy USA during the first quarter worth approximately $14,101,000. 97.92% of the stock is owned by institutional investors.

About Murphy USA

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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