Murphy USA Inc (NYSE:MUSA) – Analysts at Jefferies Group upped their Q3 2018 earnings estimates for shares of Murphy USA in a report issued on Friday. Jefferies Group analyst C. Mandeville now expects that the specialty retailer will post earnings per share of $1.86 for the quarter, up from their previous forecast of $1.61. Jefferies Group has a “Buy” rating and a $98.00 price objective on the stock. Jefferies Group also issued estimates for Murphy USA’s Q4 2018 earnings at $1.42 EPS, FY2019 earnings at $5.45 EPS, FY2020 earnings at $5.62 EPS, FY2021 earnings at $5.71 EPS and FY2022 earnings at $5.83 EPS.
Several other analysts also recently issued reports on the company. BidaskClub downgraded Murphy USA from a “buy” rating to a “hold” rating in a research note on Wednesday, November 1st. JPMorgan Chase & Co. downgraded Murphy USA from a “neutral” rating to an “underweight” rating in a research note on Tuesday, November 7th. Zacks Investment Research raised Murphy USA from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. Stephens set a $85.00 target price on Murphy USA and gave the company a “hold” rating in a research note on Tuesday, January 16th. Finally, ValuEngine downgraded Murphy USA from a “buy” rating to a “hold” rating in a research note on Saturday, November 25th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. Murphy USA currently has an average rating of “Hold” and an average target price of $93.25.
Murphy USA (NYSE:MUSA) last posted its quarterly earnings data on Wednesday, January 31st. The specialty retailer reported $3.58 EPS for the quarter, topping the consensus estimate of $1.04 by $2.54. Murphy USA had a return on equity of 22.69% and a net margin of 1.91%. The firm had revenue of $3.38 billion for the quarter, compared to the consensus estimate of $3.25 billion. During the same quarter last year, the company earned $1.14 earnings per share. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year.
Institutional investors and hedge funds have recently modified their holdings of the stock. Schwab Charles Investment Management Inc. raised its stake in Murphy USA by 8.6% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 179,395 shares of the specialty retailer’s stock valued at $12,379,000 after purchasing an additional 14,229 shares during the period. Quantitative Systematic Strategies LLC raised its stake in Murphy USA by 465.5% during the 3rd quarter. Quantitative Systematic Strategies LLC now owns 25,634 shares of the specialty retailer’s stock valued at $1,769,000 after purchasing an additional 21,101 shares during the period. JPMorgan Chase & Co. raised its stake in Murphy USA by 31.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,596,956 shares of the specialty retailer’s stock valued at $110,110,000 after purchasing an additional 379,971 shares during the period. Becker Capital Management Inc. grew its holdings in Murphy USA by 23.8% during the 3rd quarter. Becker Capital Management Inc. now owns 263,496 shares of the specialty retailer’s stock valued at $18,181,000 after buying an additional 50,740 shares in the last quarter. Finally, Citigroup Inc. grew its holdings in Murphy USA by 514.2% during the 2nd quarter. Citigroup Inc. now owns 6,130 shares of the specialty retailer’s stock valued at $454,000 after buying an additional 5,132 shares in the last quarter. 95.42% of the stock is currently owned by institutional investors.
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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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