Murphy USA (MUSA) Earns Buy Rating from Jefferies Group

Jefferies Group reaffirmed their buy rating on shares of Murphy USA (NYSE:MUSA) in a research report report published on Monday morning. They currently have a $98.00 price objective on the specialty retailer’s stock. Jefferies Group also issued estimates for Murphy USA’s FY2017 earnings at $4.52 EPS, Q2 2018 earnings at $1.29 EPS, Q3 2018 earnings at $1.61 EPS, FY2020 earnings at $5.38 EPS and FY2022 earnings at $6.08 EPS.

Several other analysts have also recently issued reports on the stock. Wells Fargo & Co upped their price objective on shares of Murphy USA and gave the company a market perform rating in a research note on Thursday, January 4th. ValuEngine cut shares of Murphy USA from a buy rating to a hold rating in a research note on Saturday, November 25th. JPMorgan Chase & Co. cut shares of Murphy USA from a neutral rating to an underweight rating in a research note on Tuesday, November 7th. BidaskClub cut shares of Murphy USA from a buy rating to a hold rating in a research note on Wednesday, November 1st. Finally, Zacks Investment Research raised shares of Murphy USA from a sell rating to a hold rating in a research note on Tuesday, October 31st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $91.00.

Murphy USA (NYSE MUSA) traded up $0.67 during mid-day trading on Monday, hitting $86.09. 233,532 shares of the stock were exchanged, compared to its average volume of 299,011. The stock has a market capitalization of $2,970.00, a PE ratio of 19.30, a P/E/G ratio of 1.42 and a beta of 0.79. The company has a quick ratio of 0.77, a current ratio of 1.18 and a debt-to-equity ratio of 1.30. Murphy USA has a twelve month low of $61.01 and a twelve month high of $86.85.

Murphy USA (NYSE:MUSA) last released its earnings results on Wednesday, November 1st. The specialty retailer reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.56. The business had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $3.43 billion. Murphy USA had a net margin of 1.31% and a return on equity of 24.19%. The company’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.16 earnings per share. equities research analysts expect that Murphy USA will post 4.31 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in MUSA. JPMorgan Chase & Co. grew its stake in Murphy USA by 31.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,596,956 shares of the specialty retailer’s stock valued at $110,110,000 after acquiring an additional 379,971 shares in the last quarter. Iridian Asset Management LLC CT grew its stake in Murphy USA by 6.6% during the 3rd quarter. Iridian Asset Management LLC CT now owns 2,349,242 shares of the specialty retailer’s stock valued at $162,098,000 after acquiring an additional 146,269 shares in the last quarter. Prudential Financial Inc. grew its stake in Murphy USA by 481.2% during the 3rd quarter. Prudential Financial Inc. now owns 131,593 shares of the specialty retailer’s stock valued at $9,080,000 after acquiring an additional 108,950 shares in the last quarter. Becker Capital Management Inc. grew its stake in Murphy USA by 23.8% during the 3rd quarter. Becker Capital Management Inc. now owns 263,496 shares of the specialty retailer’s stock valued at $18,181,000 after acquiring an additional 50,740 shares in the last quarter. Finally, Royal Bank of Canada grew its stake in shares of Murphy USA by 4.7% in the 2nd quarter. Royal Bank of Canada now owns 953,807 shares of the specialty retailer’s stock valued at $70,686,000 after buying an additional 43,107 shares during the period. 95.35% of the stock is owned by institutional investors.

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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.

Analyst Recommendations for Murphy USA (NYSE:MUSA)

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