Murphy USA (NYSE:MUSA) Upgraded at Stephens

Murphy USA (NYSE:MUSA) was upgraded by equities research analysts at Stephens from an “equal” rating to an “overweight” rating in a report released on Tuesday, Marketbeat Ratings reports. The firm presently has a $100.00 price objective on the specialty retailer’s stock, up from their previous price objective of $92.00. Stephens’ price target would indicate a potential upside of 12.94% from the stock’s current price.

Other equities analysts have also recently issued research reports about the stock. ValuEngine cut shares of Murphy USA from a “buy” rating to a “hold” rating in a research note on Wednesday, September 4th. TheStreet raised shares of Murphy USA from a “c+” rating to a “b+” rating in a research note on Wednesday, July 31st. Finally, Zacks Investment Research raised shares of Murphy USA from a “hold” rating to a “buy” rating and set a $91.00 price objective for the company in a research note on Monday, July 8th. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $89.33.

NYSE:MUSA traded down $0.43 during mid-day trading on Tuesday, hitting $88.54. 2,433 shares of the stock traded hands, compared to its average volume of 271,773. The business’s 50-day moving average price is $87.59 and its 200 day moving average price is $85.73. The company has a market cap of $2.73 billion, a PE ratio of 16.47, a price-to-earnings-growth ratio of 5.27 and a beta of 0.69. Murphy USA has a 12-month low of $69.98 and a 12-month high of $94.71. The company has a quick ratio of 0.77, a current ratio of 1.13 and a debt-to-equity ratio of 1.02.

Murphy USA (NYSE:MUSA) last issued its quarterly earnings data on Wednesday, July 31st. The specialty retailer reported $1.01 EPS for the quarter, missing the consensus estimate of $1.16 by ($0.15). The firm had revenue of $3.80 billion for the quarter, compared to analysts’ expectations of $3.56 billion. Murphy USA had a net margin of 1.13% and a return on equity of 20.38%. Murphy USA’s revenue was down .8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.58 EPS. Analysts anticipate that Murphy USA will post 4.05 earnings per share for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the business. Advisor Group Inc. grew its stake in Murphy USA by 61.2% in the 2nd quarter. Advisor Group Inc. now owns 851 shares of the specialty retailer’s stock worth $72,000 after buying an additional 323 shares in the last quarter. Marshall Wace LLP purchased a new stake in shares of Murphy USA in the 1st quarter valued at $9,363,000. FMR LLC boosted its stake in shares of Murphy USA by 92.3% in the 1st quarter. FMR LLC now owns 975,626 shares of the specialty retailer’s stock valued at $83,532,000 after purchasing an additional 468,295 shares in the last quarter. Stone Ridge Asset Management LLC boosted its stake in shares of Murphy USA by 71.1% in the 2nd quarter. Stone Ridge Asset Management LLC now owns 14,196 shares of the specialty retailer’s stock valued at $1,193,000 after purchasing an additional 5,900 shares in the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of Murphy USA by 14.5% in the 2nd quarter. AQR Capital Management LLC now owns 734,277 shares of the specialty retailer’s stock valued at $61,701,000 after purchasing an additional 93,089 shares in the last quarter. 85.28% of the stock is owned by institutional investors and hedge funds.

About Murphy USA

Murphy USA Inc operates a chain of retail stores in the United States. The company's retail stores offer motor fuel products and convenience merchandise. It operates retail stores under the Murphy USA and Murphy Express brand names. As of December 31, 2018, the company operated approximately 1,474 retail stores, including 1,160 Murphy USA and 312 are standalone Murphy Express stores located primarily in the Southwest, Southeast, and Midwest United States.

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