Murphy USA (NYSE:MUSA) Lowered to “Buy” at StockNews.com

StockNews.com downgraded shares of Murphy USA (NYSE:MUSAGet Rating) from a strong-buy rating to a buy rating in a research note published on Thursday.

Other equities analysts also recently issued reports about the company. Raymond James upped their target price on Murphy USA from $315.00 to $335.00 and gave the company an outperform rating in a research report on Friday, October 28th. Stephens raised their price objective on Murphy USA from $315.00 to $355.00 and gave the stock an overweight rating in a research note on Friday, October 28th. The Goldman Sachs Group upped their target price on Murphy USA from $200.00 to $228.00 and gave the company a sell rating in a research report on Wednesday, October 19th. Finally, Wells Fargo & Company raised their price target on shares of Murphy USA from $230.00 to $270.00 in a research report on Friday, July 29th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus target price of $297.00.

Murphy USA Trading Down 1.3 %

Shares of Murphy USA stock opened at $288.80 on Thursday. The firm’s 50 day simple moving average is $287.64 and its two-hundred day simple moving average is $271.75. The firm has a market capitalization of $6.52 billion, a price-to-earnings ratio of 10.65 and a beta of 0.89. Murphy USA has a 12-month low of $164.30 and a 12-month high of $323.00. The company has a current ratio of 1.01, a quick ratio of 0.64 and a debt-to-equity ratio of 2.34.

Murphy USA Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Tuesday, November 8th will be paid a $0.35 dividend. This is an increase from Murphy USA’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Monday, November 7th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.48%. Murphy USA’s dividend payout ratio is presently 5.16%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Financial Management Professionals Inc. acquired a new stake in shares of Murphy USA during the 3rd quarter worth approximately $27,000. Quadrant Capital Group LLC boosted its holdings in Murphy USA by 47.6% during the second quarter. Quadrant Capital Group LLC now owns 121 shares of the specialty retailer’s stock worth $28,000 after buying an additional 39 shares in the last quarter. Ronald Blue Trust Inc. acquired a new stake in Murphy USA during the second quarter valued at $33,000. Private Trust Co. NA purchased a new position in Murphy USA in the second quarter valued at $34,000. Finally, Pinebridge Investments L.P. acquired a new position in shares of Murphy USA in the second quarter worth about $43,000. 87.52% of the stock is currently owned by hedge funds and other institutional investors.

About Murphy USA

(Get Rating)

Murphy USA Inc engages in marketing of retail motor fuel products and convenience merchandise. The company operates retail stores under the Murphy USA, Murphy Express, and QuickChek brands. As of December 31, 2021, it operated 1,679 retail gasoline stores principally in the Southeast, Southwest, and Midwest United States.

Featured Stories

Receive News & Ratings for Murphy USA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Murphy USA and related companies with MarketBeat.com's FREE daily email newsletter.