Murphy USA (MUSA) Price Target Increased to $0.00 by Analysts at Wells Fargo & Co

Murphy USA (NYSE:MUSA) had its price objective boosted by equities researchers at Wells Fargo & Co in a report issued on Thursday. The brokerage currently has a “market perform” rating on the specialty retailer’s stock.

MUSA has been the topic of a number of other reports. BidaskClub downgraded shares of Murphy USA from a “buy” rating to a “hold” rating in a research note on Wednesday, November 1st. JPMorgan Chase & Co. downgraded shares of Murphy USA from a “neutral” rating to an “underweight” rating in a research note on Tuesday, November 7th. Zacks Investment Research raised shares of Murphy USA from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. Finally, ValuEngine downgraded shares of Murphy USA from a “buy” rating to a “hold” rating in a research note on Saturday, November 25th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $84.50.

Shares of Murphy USA (NYSE MUSA) opened at $80.93 on Thursday. Murphy USA has a fifty-two week low of $60.44 and a fifty-two week high of $81.41. The stock has a market cap of $2,807.35, a PE ratio of 18.11, a PEG ratio of 1.41 and a beta of 0.76. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.18 and a quick ratio of 0.77.

Murphy USA (NYSE:MUSA) last announced its quarterly earnings results on Wednesday, November 1st. The specialty retailer reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.56. The firm had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.43 billion. Murphy USA had a net margin of 1.31% and a return on equity of 24.19%. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.16 earnings per share. research analysts predict that Murphy USA will post 4.28 EPS for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in MUSA. Oppenheimer & Co. Inc. grew its position in Murphy USA by 1.2% during the second quarter. Oppenheimer & Co. Inc. now owns 4,225 shares of the specialty retailer’s stock valued at $314,000 after acquiring an additional 52 shares during the last quarter. Stephens Inc. AR grew its position in Murphy USA by 4.0% during the second quarter. Stephens Inc. AR now owns 6,219 shares of the specialty retailer’s stock valued at $461,000 after acquiring an additional 242 shares during the last quarter. Suntrust Banks Inc. grew its position in Murphy USA by 3.9% during the second quarter. Suntrust Banks Inc. now owns 8,617 shares of the specialty retailer’s stock valued at $638,000 after acquiring an additional 326 shares during the last quarter. Comerica Bank grew its position in Murphy USA by 1.3% during the second quarter. Comerica Bank now owns 26,366 shares of the specialty retailer’s stock valued at $1,941,000 after acquiring an additional 328 shares during the last quarter. Finally, Thrivent Financial For Lutherans grew its position in Murphy USA by 6.0% during the second quarter. Thrivent Financial For Lutherans now owns 6,920 shares of the specialty retailer’s stock valued at $513,000 after acquiring an additional 390 shares during the last quarter. 95.35% of the stock is currently owned by institutional investors and hedge funds.

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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.