Murphy USA Inc. (NYSE:MUSA) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Thursday.
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. “
A number of other brokerages have also weighed in on MUSA. Stephens lowered shares of Murphy USA from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, July 12th. JPMorgan Chase & Co. lowered shares of Murphy USA from an “overweight” rating to a “neutral” rating and upped their target price for the stock from $75.00 to $85.00 in a research note on Monday, August 1st. Jefferies Group set a $90.00 target price on shares of Murphy USA and gave the stock a “buy” rating in a research note on Wednesday, July 27th. Finally, Wells Fargo & Co. reaffirmed a “buy” rating and issued a $81.00 target price on shares of Murphy USA in a research note on Tuesday, September 20th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. Murphy USA presently has an average rating of “Hold” and a consensus price target of $82.50.
Shares of Murphy USA (NYSE:MUSA) opened at 71.38 on Thursday. The stock has a 50 day moving average price of $72.93 and a 200 day moving average price of $69.61. The firm has a market capitalization of $2.80 billion, a P/E ratio of 11.41 and a beta of 0.80. Murphy USA has a 12 month low of $51.68 and a 12 month high of $80.44.
Murphy USA (NYSE:MUSA) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $1.17 earnings per share (EPS) for the quarter, beating the 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 earned $3.01 billion during the quarter, compared to analyst estimates of $3.15 billion. During the same quarter in the previous year, the business earned $0.59 EPS. The firm’s revenue was down 13.3% on a year-over-year basis. On average, analysts expect that Murphy USA will post $4.71 earnings per share for the current year.
In other Murphy USA news, Director Robert Madison Murphy purchased 6,037 shares of the business’s stock in a transaction on Tuesday, August 9th. The shares were purchased at an average cost of $48.68 per share, with a total value of $293,881.16. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP John A. Moore sold 5,290 shares of the business’s stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $78.05, for a total transaction of $412,884.50. Following the sale, the senior vice president now directly owns 21,590 shares in the company, valued at $1,685,099.50. The disclosure for this sale can be found here. Company insiders own 6.98% of the company’s stock.
Large investors have recently modified their holdings of the company. Metropolitan Life Insurance Co. NY boosted its stake in shares of Murphy USA by 0.3% in the second quarter. Metropolitan Life Insurance Co. NY now owns 35,813 shares of the company’s stock valued at $2,656,000 after buying an additional 99 shares during the period. First Manhattan Co. boosted its stake 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 during the last quarter. Globeflex Capital L P boosted its stake in shares of Murphy USA by 2.4% in the second quarter. Globeflex Capital L P now owns 5,427 shares of the company’s stock worth $402,000 after buying an additional 126 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in shares of Murphy USA by 2.5% in the second quarter. Teacher Retirement System of Texas now owns 5,860 shares of the company’s stock worth $435,000 after buying an additional 141 shares during the last quarter. Finally, UBS Asset Management Americas Inc. boosted its stake in shares of Murphy USA by 0.3% in the second quarter. UBS Asset Management Americas Inc. now owns 59,278 shares of the company’s stock worth $4,395,000 after buying an additional 164 shares during the last quarter. 77.70% of the stock is currently owned by hedge funds and other institutional investors.
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.