Murphy USA Inc. (MUSA) Receives Average Recommendation of “Hold” from Analysts
Shares of Murphy USA Inc. (NYSE:MUSA) have been given an average recommendation of “Hold” by the six ratings firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $86.00.
A number of brokerages have issued reports on MUSA. BidaskClub raised Murphy USA from a “hold” rating to a “buy” rating in a report on Monday, July 31st. Stephens lifted 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. Zacks Investment Research downgraded Murphy USA from a “hold” rating to a “sell” rating in a report on Tuesday. Jefferies Group LLC reaffirmed a “buy” rating and set a $83.00 price target (up from $77.00) on shares of Murphy USA in a report on Monday, July 17th. Finally, William Blair began coverage on Murphy USA in a report on Wednesday, July 12th. They set a “market perform” rating for the company.
Shares of Murphy USA (MUSA) traded up 0.08% on Wednesday, reaching $74.17. 203,350 shares of the company traded hands. Murphy USA has a one year low of $57.13 and a one year high of $79.98. The company has a market capitalization of $2.67 billion, a PE ratio of 19.78 and a beta of 0.72. The firm has a 50-day moving average price of $69.52 and a 200 day moving average price of $69.96.
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 Zacks’ consensus estimate of $1.09 by $0.42. The company had revenue of $3.21 billion during the quarter, compared to the consensus estimate of $3.27 billion. Murphy USA had a return on equity of 20.19% and a net margin of 1.15%. Murphy USA’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.17 EPS. Equities analysts forecast that Murphy USA will post $3.76 EPS for the current fiscal year.
In other news, EVP Daryl R. Schofield bought 3,000 shares of Murphy USA stock in a transaction dated Thursday, August 17th. The stock was acquired at an average cost of $66.00 per share, with a total value of $198,000.00. Following the acquisition, the executive vice president now owns 3,000 shares of the company’s stock, valued at $198,000. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP John A. Moore sold 1,030 shares of the business’s stock in a transaction dated Tuesday, August 8th. The shares were 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 disclosure for this sale can be found here. 7.30% of the stock is owned by insiders.
Institutional investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC lifted its holdings in shares of Murphy USA by 1,343.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,443 shares of the specialty retailer’s stock valued at $107,000 after purchasing an additional 1,343 shares during the last quarter. Fifth Third Bancorp lifted its holdings in shares of Murphy USA by 29.3% in the 1st quarter. Fifth Third Bancorp now owns 1,945 shares of the specialty retailer’s stock valued at $143,000 after purchasing an additional 441 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its holdings in shares of Murphy USA by 8.0% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 2,160 shares of the specialty retailer’s stock valued at $159,000 after purchasing an additional 160 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Murphy USA by 49.0% in the 1st quarter. Victory Capital Management Inc. now owns 2,232 shares of the specialty retailer’s stock valued at $164,000 after purchasing an additional 734 shares during the last quarter. Finally, LS Investment Advisors LLC lifted its holdings in shares of Murphy USA by 13.4% in the 2nd quarter. LS Investment Advisors LLC now owns 2,896 shares of the specialty retailer’s stock valued at $215,000 after purchasing an additional 343 shares during the last quarter. 97.32% of the stock is owned by institutional investors and hedge funds.
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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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