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. “
MUSA has been the subject of a number of other research reports. Jefferies Group increased their price objective on shares of Murphy USA from $76.00 to $82.00 and gave the stock a buy rating in a research report on Thursday, June 9th. Stephens cut shares of Murphy USA from an overweight rating to an equal weight rating in a research report on Tuesday, July 12th. JPMorgan Chase & Co. cut shares of Murphy USA from an overweight rating to a neutral rating and increased their price objective for the stock from $75.00 to $85.00 in a research report on Monday, August 1st. Finally, Wells Fargo & Co. reaffirmed a buy rating and set a $81.00 price objective on shares of Murphy USA in a research report on Tuesday, September 20th. One investment 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. The stock currently has an average rating of Hold and an average target price of $82.50.
Shares of Murphy USA (NYSE:MUSA) traded down 0.14% during trading on Thursday, hitting $72.40. The stock had a trading volume of 59,088 shares. The stock has a market cap of $2.84 billion, a P/E ratio of 11.58 and a beta of 0.80. Murphy USA has a one year low of $51.68 and a one year high of $80.44. The stock’s 50 day moving average price is $73.04 and its 200-day moving average price is $69.57.
Murphy USA (NYSE:MUSA) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $1.17 earnings per share 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 business earned $3.01 billion during the quarter, compared to analysts’ expectations of $3.15 billion. During the same quarter in the prior year, the company posted $0.59 EPS. The business’s revenue for the quarter was down 13.3% on a year-over-year basis. Analysts expect that Murphy USA will post $4.71 earnings per share for the current fiscal year.
In other Murphy USA news, CFO Malynda K. West sold 9,463 shares of the firm’s stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $77.54, for a total value of $733,761.02. Following the completion of the transaction, the chief financial officer now owns 55,045 shares of the company’s stock, valued at approximately $4,268,189.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP John A. Moore sold 5,290 shares of the firm’s stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $78.05, for a total transaction of $412,884.50. Following the completion of the transaction, the senior vice president now directly 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.
A number of institutional investors have recently modified their holdings of MUSA. BB&T Securities LLC boosted its position in shares of Murphy USA by 1.0% in the first quarter. BB&T Securities LLC now owns 21,404 shares of the company’s stock valued at $1,315,000 after buying an additional 209 shares in the last quarter. M&T Bank Corp boosted its position in shares of Murphy USA by 12.1% in the first quarter. M&T Bank Corp now owns 3,857 shares of the company’s stock valued at $238,000 after buying an additional 415 shares in the last quarter. C M Bidwell & Associates Ltd. acquired a new position in shares of Murphy USA during the first quarter valued at approximately $244,000. JPMorgan Chase & Co. boosted its position in shares of Murphy USA by 2.2% in the first quarter. JPMorgan Chase & Co. now owns 454,175 shares of the company’s stock valued at $27,910,000 after buying an additional 9,847 shares in the last quarter. Finally, BlackRock Group LTD boosted its position in shares of Murphy USA by 18.2% in the first quarter. BlackRock Group LTD now owns 84,895 shares of the company’s stock valued at $5,218,000 after buying an additional 13,042 shares in the last quarter. 77.70% of the stock is owned by 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.
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