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. “
MUSA has been the subject of several other research reports. Wells Fargo & Co. reissued a buy rating and set a $81.00 price target on shares of Murphy USA in a research report on Tuesday, September 20th. Jefferies Group increased their price target on shares of Murphy USA from $76.00 to $82.00 and gave the company a buy rating in a research report on Thursday, June 9th. Stephens cut shares of Murphy USA from an overweight rating to an equal weight rating in a research report on Tuesday, July 12th. Finally, JPMorgan Chase & Co. cut shares of Murphy USA from an overweight rating to a neutral rating and increased their price target for the company from $75.00 to $85.00 in a research report on Monday, August 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $82.50.
Shares of Murphy USA (NYSE:MUSA) opened at 71.30 on Thursday. The firm has a 50-day moving average of $72.84 and a 200 day moving average of $69.76. The company has a market capitalization of $2.79 billion, a P/E ratio of 11.40 and a beta of 0.80. Murphy USA has a 1-year low of $51.68 and a 1-year high of $80.44.
Murphy USA (NYSE:MUSA) last released its earnings results on Wednesday, August 3rd. The company reported $1.17 EPS for the quarter, beating 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 analyst estimates of $3.15 billion. During the same quarter last year, the firm earned $0.59 EPS. The firm’s quarterly revenue was down 13.3% compared to the same quarter last year. On average, equities research analysts expect that Murphy USA will post $4.71 earnings per share for the current year.
In related news, CFO Malynda K. West sold 9,463 shares of the stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $77.54, for a total value of $733,761.02. Following the completion of the transaction, the chief financial officer now directly owns 55,045 shares in the company, valued at approximately $4,268,189.30. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robert Madison Murphy purchased 5,649 shares of the firm’s stock in a transaction that occurred on Monday, August 8th. The stock was acquired at an average price of $48.68 per share, with a total value of $274,993.32. The disclosure for this purchase can be found here. 6.98% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the company. BB&T Securities LLC raised its position in shares of Murphy USA by 1.0% in the first quarter. BB&T Securities LLC now owns 21,404 shares of the company’s stock valued at $1,315,000 after buying an additional 209 shares during the last quarter. M&T Bank Corp raised its position in shares of Murphy USA by 12.1% in the first quarter. M&T Bank Corp now owns 3,857 shares of the company’s stock valued at $238,000 after buying an additional 415 shares during the last quarter. C M Bidwell & Associates Ltd. acquired a new position in shares of Murphy USA during the first quarter valued at about $244,000. JPMorgan Chase & Co. raised its position in shares of Murphy USA by 2.2% in the first quarter. JPMorgan Chase & Co. now owns 454,175 shares of the company’s stock valued at $27,910,000 after buying an additional 9,847 shares during the last quarter. Finally, BlackRock Group LTD raised its position in shares of Murphy USA by 18.2% in the first quarter. BlackRock Group LTD now owns 84,895 shares of the company’s stock valued at $5,218,000 after buying an additional 13,042 shares during the last quarter. 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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