Murphy USA Inc. (NYSE:MUSA) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, November 1st.
MUSA has been the topic of several other reports. Jefferies Group LLC reissued a “buy” rating and issued a $83.00 price objective (up from $77.00) on shares of Murphy USA in a report on Monday, July 17th. William Blair initiated coverage on Murphy USA in a research note on Wednesday, July 12th. They issued a “market perform” rating on the stock. Zacks Investment Research lowered Murphy USA from a “hold” rating to a “sell” rating in a research note on Tuesday, October 24th. Finally, Stephens downgraded Murphy USA from an “overweight” rating to an “equal weight” rating in a research report on Friday, August 4th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $84.50.
Shares of Murphy USA (NYSE MUSA) opened at $73.97 on Wednesday. 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 12 month low of $57.13 and a 12 month high of $79.98. The company has a market capitalization of $2,573.87, a PE 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 quarterly earnings data on Wednesday, November 1st. The specialty retailer reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.56. The firm had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $3.43 billion. Murphy USA had a return on equity of 24.19% and a net margin of 1.31%. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period last year, the business posted $1.16 earnings per share. equities research analysts predict that Murphy USA will post 4.19 EPS for the current year.
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In related news, EVP Daryl R. Schofield bought 3,000 shares of the stock in a transaction that occurred on Thursday, August 17th. The stock was purchased at an average cost of $66.00 per share, with a total value of $198,000.00. Following the purchase, the executive vice president now directly owns 3,000 shares of the company’s stock, valued at approximately $198,000. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 7.30% of the stock is currently owned by insiders.
Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. raised its stake in Murphy USA by 10,259.5% during the 1st quarter. BlackRock Inc. now owns 3,001,041 shares of the specialty retailer’s stock valued at $220,335,000 after acquiring an additional 2,972,072 shares during the last quarter. Iridian Asset Management LLC CT raised its stake in Murphy USA by 79.5% during the 2nd quarter. Iridian Asset Management LLC CT now owns 2,202,973 shares of the specialty retailer’s stock valued at $163,262,000 after acquiring an additional 975,880 shares during the last quarter. JPMorgan Chase & Co. raised 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 during the last quarter. Marshall Wace North America L.P. purchased a new position in shares of Murphy USA during the 2nd quarter worth approximately $10,500,000. Finally, Prudential Financial Inc. raised its stake in shares of Murphy USA by 481.2% during the 3rd quarter. Prudential Financial Inc. now owns 131,593 shares of the specialty retailer’s stock worth $9,080,000 after buying an additional 108,950 shares in the last quarter. 99.93% of the stock is owned by institutional investors and hedge funds.
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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