ValuEngine upgraded shares of Murphy USA Inc. (NYSE:MUSA) from a hold rating to a buy rating in a research report sent to investors on Friday.
Other analysts also recently issued research reports about the company. Jefferies Group LLC reiterated a buy rating and set a $83.00 price target (up previously from $77.00) on shares of Murphy USA in a research note on Monday, July 17th. BidaskClub raised Murphy USA from a hold rating to a buy rating in a report on Wednesday, October 11th. Stephens cut Murphy USA from an overweight rating to an equal weight rating in a report on Friday, August 4th. Finally, Zacks Investment Research cut Murphy USA from a buy rating to a hold rating in a report on Tuesday, July 18th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. Murphy USA currently has an average rating of Hold and a consensus target price of $84.50.
Shares of Murphy USA (MUSA) traded up $0.17 during mid-day trading on Friday, reaching $73.97. The company had a trading volume of 398,000 shares, compared to its average volume of 476,401. Murphy USA has a 1 year low of $57.13 and a 1 year high of $79.98. The company has a current ratio of 1.18, a quick ratio of 0.77 and a debt-to-equity ratio of 1.30. The stock has a market cap of $2,573.87, a P/E ratio of 16.55, a price-to-earnings-growth ratio of 1.36 and a beta of 0.74.
Murphy USA (NYSE:MUSA) last announced its earnings results on Wednesday, November 1st. The specialty retailer reported $1.90 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.34 by $0.56. Murphy USA had a return on equity of 24.19% and a net margin of 1.31%. The firm had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.43 billion. During the same period in the previous year, the business earned $1.16 EPS. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. sell-side analysts predict that Murphy USA will post 4.19 EPS for the current year.
In other news, EVP Daryl R. Schofield bought 3,000 shares of Murphy USA stock in a transaction on Thursday, August 17th. The stock was acquired at an average price of $66.00 per share, with a total value of $198,000.00. Following the completion of the acquisition, the executive vice president now directly owns 3,000 shares of the company’s stock, valued at $198,000. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 7.30% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Tiedemann Wealth Management LLC grew its position in Murphy USA by 9.9% in the third quarter. Tiedemann Wealth Management LLC now owns 17,693 shares of the specialty retailer’s stock worth $103,000 after acquiring an additional 1,587 shares during the period. Tower Research Capital LLC TRC grew its position in Murphy USA by 1,343.0% in the second quarter. Tower Research Capital LLC TRC now owns 1,443 shares of the specialty retailer’s stock worth $107,000 after acquiring an additional 1,343 shares during the period. Nomura Asset Management Co. Ltd. grew its position in Murphy USA by 8.0% in the first quarter. Nomura Asset Management Co. Ltd. now owns 2,160 shares of the specialty retailer’s stock worth $159,000 after acquiring an additional 160 shares during the period. Victory Capital Management Inc. grew its position in Murphy USA by 17.6% in the second quarter. Victory Capital Management Inc. now owns 2,624 shares of the specialty retailer’s stock worth $194,000 after acquiring an additional 392 shares during the period. Finally, Campbell & CO Investment Adviser LLC purchased a new position in Murphy USA in the third quarter worth approximately $208,000. Institutional investors and hedge funds own 99.93% of the company’s stock.
About Murphy USA
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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