Murphy USA (NYSE:MUSA – Get Free Report) had its target price cut by stock analysts at Royal Bank Of Canada from $619.00 to $612.00 in a research report issued on Thursday, Benzinga reports. The brokerage currently has a “sector perform” rating on the specialty retailer’s stock. Royal Bank Of Canada’s price target suggests a potential upside of 12.29% from the company’s current price.
Other equities research analysts also recently issued research reports about the stock. Weiss Ratings downgraded shares of Murphy USA from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, October 6th. Capital One Financial started coverage on shares of Murphy USA in a report on Monday, June 22nd. They issued an “overweight” rating and a $710.00 target price on the stock. Wall Street Zen raised shares of Murphy USA from a “buy” rating to a “strong-buy” rating in a report on Sunday. Zacks Research downgraded Murphy USA from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 22nd. Finally, The Goldman Sachs Group upgraded Murphy USA from a “sell” rating to a “neutral” rating and lifted their target price for the company from $380.00 to $550.00 in a research note on Monday, July 6th. Five analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Murphy USA has an average rating of “Hold” and an average target price of $606.11.
Murphy USA Trading Up 1.2%
Murphy USA (NYSE:MUSA – Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The specialty retailer reported $11.27 EPS for the quarter, beating the consensus estimate of $9.95 by $1.32. The firm had revenue of $6.81 billion for the quarter, compared to analyst estimates of $6.03 billion. Murphy USA had a net margin of 2.87% and a return on equity of 96.01%. Murphy USA’s revenue for the quarter was up 36.0% compared to the same quarter last year. During the same quarter last year, the firm posted $7.36 earnings per share. Equities analysts predict that Murphy USA will post 34.75 earnings per share for the current year.
Insider Activity at Murphy USA
In related news, SVP Eric Bartko sold 100 shares of the business’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $523.60, for a total transaction of $52,360.00. Following the sale, the senior vice president owned 252 shares of the company’s stock, valued at $131,947.20. The trade was a 28.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Rosemary Turner sold 966 shares of the stock in a transaction on Thursday, August 20th. The shares were 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. The trade was 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 insiders.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of MUSA. BlackRock Inc. bought a new stake in Murphy USA in the second quarter worth about $915,734,000. River Road Asset Management LLC lifted its holdings in Murphy USA by 1.6% in the 4th quarter. River Road Asset Management LLC now owns 506,214 shares of the specialty retailer’s stock valued at $204,267,000 after acquiring an additional 7,973 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Murphy USA by 3.4% in the 1st quarter. Bank of New York Mellon Corp now owns 149,064 shares of the specialty retailer’s stock valued at $73,633,000 after acquiring an additional 4,836 shares during the last quarter. Recurrent Investment Advisors LLC boosted its position in shares of Murphy USA by 23.2% during the 1st quarter. Recurrent Investment Advisors LLC now owns 146,119 shares of the specialty retailer’s stock valued at $71,986,000 after purchasing an additional 27,513 shares in the last quarter. Finally, Copeland Capital Management LLC bought a new position in shares of Murphy USA during the 3rd quarter valued at about $54,143,000. Institutional investors own 80.81% of the company’s stock.
About Murphy USA
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.
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