Murphy USA Inc. (NYSE:MUSA) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report 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 research analysts have also commented on MUSA. Jefferies Group raised their price target on Murphy USA from $76.00 to $82.00 and gave the company a “buy” rating in a report on Thursday, June 9th. Stephens lowered Murphy USA from an “overweight” rating to an “equal weight” rating in a report on Tuesday, July 12th. JPMorgan Chase & Co. lowered Murphy USA from an “overweight” rating to a “neutral” rating and lifted their target price for the stock from $75.00 to $85.00 in a report on Monday, August 1st. Finally, Wells Fargo & Co. reaffirmed a “buy” rating and set a $81.00 target price on shares of Murphy USA in a report on Tuesday, September 20th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. Murphy USA has a consensus rating of “Hold” and a consensus price target of $82.50.
Murphy USA (NYSE:MUSA) opened at 72.56 on Thursday. The stock has a market capitalization of $2.84 billion, a price-to-earnings ratio of 11.60 and a beta of 0.80. Murphy USA has a 12-month low of $51.68 and a 12-month high of $80.44. The firm has a 50-day moving average of $73.10 and a 200-day moving average of $69.55.
Murphy USA (NYSE:MUSA) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $1.17 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.18. The company had revenue of $3.01 billion for the quarter, compared to analyst estimates of $3.15 billion. Murphy USA had a return on equity of 22.06% and a net margin of 2.20%. The company’s quarterly revenue was down 13.3% compared to the same quarter last year. During the same period last year, the company earned $0.59 earnings per share. Equities research analysts forecast that Murphy USA will post $4.71 earnings per share for the current fiscal year.
In related news, Director Robert Madison Murphy purchased 6,037 shares of the firm’s stock in a transaction that occurred on Tuesday, August 9th. The stock was acquired at an average price of $48.68 per share, for a total transaction of $293,881.16. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP John A. Moore sold 5,290 shares of the stock in a transaction on Monday, August 8th. The shares were sold at an average price of $78.05, for a total value of $412,884.50. Following the completion of the transaction, the senior vice president now owns 21,590 shares of the company’s stock, valued at approximately $1,685,099.50. The disclosure for this sale can be found here. Corporate insiders own 6.98% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. raised its position in Murphy USA by 76.9% in the second quarter. Victory Capital Management Inc. now owns 1,348 shares of the company’s stock worth $100,000 after buying an additional 586 shares during the period. Pinkerton Retirement Specialists LLC bought a new position in Murphy USA during the second quarter worth $134,000. First Manhattan Co. raised its position in 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 period. LS Investment Advisors LLC raised its position in Murphy USA by 55.9% in the second quarter. LS Investment Advisors LLC now owns 2,268 shares of the company’s stock worth $168,000 after buying an additional 813 shares during the period. Finally, Kernodle & Katon Asset Management Group LLC raised its position in Murphy USA by 934.8% in the second quarter. Kernodle & Katon Asset Management Group LLC now owns 2,587 shares of the company’s stock worth $192,000 after buying an additional 2,337 shares during the period. Institutional investors and hedge funds 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.