MUSA has been the topic of several other research reports. Jefferies Group increased their price target on shares of Murphy USA from $76.00 to $82.00 and gave the stock a buy rating in a report on Thursday, June 9th. JPMorgan Chase & Co. lowered Murphy USA from an overweight rating to a neutral rating and upped their price objective for the stock from $75.00 to $85.00 in a research report on Monday, August 1st. Finally, Stephens lowered Murphy USA from an overweight rating to an equal weight rating in a research report on Tuesday, July 12th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $82.75.
Shares of Murphy USA (NYSE:MUSA) opened at 72.33 on Tuesday. Murphy USA has a 12 month low of $51.68 and a 12 month high of $80.44. The company has a 50-day moving average of $74.33 and a 200 day moving average of $69.05. The company has a market cap of $2.83 billion, a PE ratio of 11.57 and a beta of 0.79.
Murphy USA (NYSE:MUSA) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $1.17 earnings per share for the quarter, topping the Thomson Reuters’ 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 company had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $3.15 billion. During the same quarter in the prior year, the company earned $0.59 EPS. Murphy USA’s quarterly revenue was down 13.3% on a year-over-year basis. On average, analysts anticipate that Murphy USA will post $4.73 earnings per share for the current year.
In other Murphy USA news, Director Robert Madison Murphy bought 6,037 shares of the firm’s stock in a transaction dated Tuesday, August 9th. The shares were purchased at an average price of $48.68 per share, for a total transaction of $293,881.16. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Malynda K. West sold 9,463 shares of the stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $77.54, for a total value of $733,761.02. Following the transaction, the chief financial officer now owns 55,045 shares in the company, valued at approximately $4,268,189.30. The disclosure for this sale can be found here. 6.98% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Macquarie Group Ltd. acquired a new position in shares of Murphy USA during the second quarter worth about $1,357,000. Mason Street Advisors LLC acquired a new position in shares of Murphy USA during the second quarter worth about $1,252,000. Royal Bank of Canada raised its position in shares of Murphy USA by 14.9% in the second quarter. Royal Bank of Canada now owns 380,610 shares of the company’s stock worth $28,226,000 after buying an additional 49,263 shares during the period. IFP Advisors Inc raised its position in shares of Murphy USA by 6.3% in the second quarter. IFP Advisors Inc now owns 3,737 shares of the company’s stock worth $277,000 after buying an additional 221 shares during the period. Finally, Public Employees Retirement System of Ohio raised its position in shares of Murphy USA by 32.0% in the second quarter. Public Employees Retirement System of Ohio now owns 26,390 shares of the company’s stock worth $1,957,000 after buying an additional 6,402 shares during the period. Hedge funds and other institutional investors own 77.70% of the company’s stock.
Murphy USA Company Profile
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.
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