Zacks Investment Research lowered shares of Murphy USA (NYSE:MUSA) from a buy rating to a hold rating in a report issued on Wednesday.
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 several other reports. Gabelli downgraded shares of Murphy USA from a buy rating to a hold rating and set a $92.00 price objective for the company. in a research note on Thursday, January 11th. Stephens set a $85.00 price objective on shares of Murphy USA and gave the stock a hold rating in a research note on Tuesday, January 16th. Wells Fargo & Co boosted their price objective on shares of Murphy USA and gave the stock a market perform rating in a research note on Thursday, January 4th. JPMorgan Chase & Co. downgraded shares of Murphy USA from a neutral rating to an underweight rating in a research note on Tuesday, November 7th. Finally, ValuEngine upgraded shares of Murphy USA from a hold rating to a buy rating in a research note on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $93.25.
Murphy USA (NYSE:MUSA) last released its quarterly earnings data on Wednesday, January 31st. The specialty retailer reported $3.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $2.54. Murphy USA had a net margin of 1.91% and a return on equity of 22.69%. The company had revenue of $3.38 billion during the quarter, compared to the consensus estimate of $3.25 billion. During the same period in the previous year, the firm earned $1.14 earnings per share. Murphy USA’s revenue for the quarter was up 10.6% on a year-over-year basis. sell-side analysts predict that Murphy USA will post 5.01 EPS for the current year.
Several hedge funds have recently made changes to their positions in MUSA. BancorpSouth Bank purchased a new position in shares of Murphy USA in the fourth quarter valued at $83,141,000. JPMorgan Chase & Co. boosted its stake in shares of Murphy USA by 31.2% in the third quarter. JPMorgan Chase & Co. now owns 1,596,956 shares of the specialty retailer’s stock valued at $110,110,000 after purchasing an additional 379,971 shares during the period. Iridian Asset Management LLC CT boosted its stake in shares of Murphy USA by 6.6% in the third quarter. Iridian Asset Management LLC CT now owns 2,349,242 shares of the specialty retailer’s stock valued at $162,098,000 after purchasing an additional 146,269 shares during the period. Two Sigma Investments LP purchased a new position in shares of Murphy USA in the fourth quarter valued at $9,887,000. Finally, Prudential Financial Inc. boosted its stake in shares of Murphy USA by 481.2% in the third quarter. Prudential Financial Inc. now owns 131,593 shares of the specialty retailer’s stock valued at $9,080,000 after purchasing an additional 108,950 shares during the period. Institutional investors and hedge funds own 95.39% of the company’s stock.
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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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