Murphy USA (NYSE:MUSA) Downgraded by Wall Street Zen to Buy

Wall Street Zen downgraded shares of Murphy USA (NYSE:MUSA – Free Report) from a strong-buy rating to a buy rating in a research note issued to investors on Saturday,Wall Street Zen reports.

A number of other equities research analysts have also issued reports on the stock. Wells Fargo & Company increased their target price on shares of Murphy USA from $520.00 to $570.00 and gave the stock an “equal weight” rating in a report on Monday, July 20th. Capital One Financial started coverage on shares of Murphy USA in a research note on Monday, June 22nd. They issued an “overweight” rating and a $710.00 price target for the company. The Goldman Sachs Group upgraded shares of Murphy USA from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $380.00 to $550.00 in a research note on Monday, July 6th. Weiss Ratings raised Murphy USA from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, September 22nd. Finally, Zacks Research cut Murphy USA from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 22nd. Six research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, Murphy USA presently has an average rating of “Moderate Buy” and an average price target of $606.89.

Check Out Our Latest Report on MUSA

Murphy USA Stock Performance

NYSE MUSA opened at $516.21 on Friday. The company has a market cap of $9.53 billion, a P/E ratio of 15.72, a P/E/G ratio of 1.48 and a beta of 0.29. The company has a debt-to-equity ratio of 2.77, a current ratio of 0.92 and a quick ratio of 0.54. The stock has a 50-day moving average of $541.93 and a two-hundred day moving average of $542.82. Murphy USA has a 1-year low of $349.83 and a 1-year high of $636.04.

Murphy USA (NYSE:MUSA – Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The specialty retailer reported $11.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.95 by $1.32. The business had revenue of $6.81 billion for the quarter, compared to analysts’ expectations of $6.03 billion. Murphy USA had a net margin of 2.87% and a return on equity of 96.01%. The business’s quarterly revenue was up 36.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $7.36 earnings per share. As a group, analysts anticipate that Murphy USA will post 34.7 EPS for the current year.

Murphy USA Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Monday, August 24th were issued a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 0.5%. This is a boost from Murphy USA’s previous quarterly dividend of $0.64. The ex-dividend date of this dividend was Monday, August 24th. Murphy USA’s dividend payout ratio is currently 7.92%.

Insiders Place Their Bets

In other Murphy USA news, SVP Eric Bartko sold 100 shares of Murphy USA stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $523.60, for a total transaction of $52,360.00. Following the completion of the sale, the senior vice president directly owned 252 shares of the company’s stock, valued at $131,947.20. The trade was a 28.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Rosemary Turner sold 966 shares of the company’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $571.88, for a total value of $552,436.08. Following the transaction, the director directly owned 449 shares of the company’s stock, valued at approximately $256,774.12. This represents a 68.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 9.02% of the stock is owned by company insiders.

Institutional Investors Weigh In On Murphy USA

Institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its holdings in shares of Murphy USA by 1.2% in the second quarter. GAMMA Investing LLC now owns 1,625 shares of the specialty retailer’s stock worth $876,000 after buying an additional 19 shares during the period. Kenora Financial LLC raised its holdings in shares of Murphy USA by 3.3% during the first quarter. Kenora Financial LLC now owns 654 shares of the specialty retailer’s stock valued at $323,000 after acquiring an additional 21 shares during the period. Fifth Third Wealth Advisors LLC raised its holdings in shares of Murphy USA by 3.0% during the first quarter. Fifth Third Wealth Advisors LLC now owns 864 shares of the specialty retailer’s stock valued at $427,000 after acquiring an additional 25 shares during the period. HB Wealth Management LLC lifted its position in shares of Murphy USA by 3.2% in the 2nd quarter. HB Wealth Management LLC now owns 802 shares of the specialty retailer’s stock valued at $433,000 after acquiring an additional 25 shares in the last quarter. Finally, Beacon Investment Advisors LLC lifted its position in shares of Murphy USA by 1.5% in the 4th quarter. Beacon Investment Advisors LLC now owns 2,240 shares of the specialty retailer’s stock valued at $904,000 after acquiring an additional 33 shares in the last quarter. Hedge funds and other institutional investors own 80.81% of the company’s stock.

Murphy USA Company Profile

(Get Free Report)

Murphy USA Inc operates a nationwide network of retail gasoline stations and convenience stores in the United States. Its stores sell branded and unbranded motor fuel, tobacco products, nicotine products, beverages, snacks, packaged food, and other convenience items. Some locations also offer additional services such as lottery products and car washes.

The company operates stores under the Murphy USA and Murphy Express brands, primarily in proximity to Walmart stores and along major roads.

Further Reading

Analyst Recommendations for Murphy USA (NYSE:MUSA)

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