According to Zacks, “Murphy USA Inc. is a retailer of gasoline products and convenience store merchandise primarily in the United States. Murphy USA Inc. is headquartered in El Dorado, AR. “
Other equities analysts have also issued research reports about the stock. Wells Fargo & Co. reiterated a buy rating and issued a $81.00 target price on shares of Murphy USA in a research report on Tuesday, September 20th. JPMorgan Chase & Co. lowered shares of Murphy USA from an overweight rating to a neutral rating and increased their target price for the company from $75.00 to $85.00 in a research report on Monday, August 1st. Jefferies Group set a $90.00 target price on shares of Murphy USA and gave the company a buy rating in a research report on Wednesday, July 27th. Finally, Stephens lowered shares of Murphy USA from an overweight rating to an equal weight rating in a research report on Tuesday, July 12th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Murphy USA presently has a consensus rating of Hold and a consensus target price of $82.75.
Murphy USA (NYSE:MUSA) opened at 73.07 on Friday. Murphy USA has a 52-week low of $51.68 and a 52-week high of $80.44. The stock has a market cap of $2.86 billion, a PE ratio of 11.68 and a beta of 0.79. The company’s 50 day moving average is $73.88 and its 200-day moving average is $69.28.
Murphy USA (NYSE:MUSA) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $1.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.18. Murphy USA had a net margin of 2.20% and a return on equity of 22.06%. The business had revenue of $3.01 billion for the quarter, compared to analysts’ expectations of $3.15 billion. During the same quarter last year, the company earned $0.59 EPS. The company’s revenue for the quarter was down 13.3% compared to the same quarter last year. On average, equities analysts anticipate that Murphy USA will post $4.73 earnings per share for the current year.
In related news, Director Robert Madison Murphy bought 6,037 shares of the firm’s stock in a transaction that occurred on Tuesday, August 9th. The stock was purchased at an average price of $48.68 per share, for a total transaction of $293,881.16. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP John A. Moore sold 5,290 shares of the stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $78.05, for a total transaction of $412,884.50. Following the completion of the transaction, the senior vice president now owns 21,590 shares of the company’s stock, valued at approximately $1,685,099.50. The disclosure for this sale can be found here. 6.98% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in the stock. Victory Capital Management Inc. raised its position in shares of Murphy USA by 76.9% in the second quarter. Victory Capital Management Inc. now owns 1,348 shares of the company’s stock worth $100,000 after buying an additional 586 shares in the last quarter. Pinkerton Retirement Specialists LLC bought a new position in shares of Murphy USA during the second quarter worth about $134,000. First Manhattan Co. raised its position in shares of Murphy USA by 5.2% in the second quarter. First Manhattan Co. now owns 2,010 shares of the company’s stock worth $149,000 after buying an additional 100 shares in the last quarter. LS Investment Advisors LLC raised its position in shares of Murphy USA by 55.9% in the second quarter. LS Investment Advisors LLC now owns 2,268 shares of the company’s stock worth $168,000 after buying an additional 813 shares in the last quarter. Finally, Kernodle & Katon Asset Management Group LLC raised its position in shares of Murphy USA by 934.8% in the second quarter. Kernodle & Katon Asset Management Group LLC now owns 2,587 shares of the company’s stock worth $192,000 after buying an additional 2,337 shares in the last quarter. Hedge funds and other institutional investors own 77.70% of the company’s stock.
About Murphy USA
Murphy USA Inc (Murphy USA) is engaged in the marketing of retail motor fuel products and convenience 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. Its retail stores are located in over 20 states, in the Southwest, Southeast and Midwest United States.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Murphy USA Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Murphy USA Inc. and related companies with MarketBeat.com's FREE daily email newsletter.