Murphy USA (NYSE:MUSA – Get Free Report) had its target price dropped by JPMorgan Chase & Co. from $633.00 to $626.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm currently has an “overweight” rating on the specialty retailer’s stock. JPMorgan Chase & Co.’s target price indicates a potential upside of 18.33% from the company’s current price.
A number of other equities research analysts have also weighed in on MUSA. Royal Bank Of Canada lowered their target price on Murphy USA from $619.00 to $612.00 and set a “sector perform” rating for the company in a research note on Thursday, October 15th. Jefferies Financial Group upgraded Murphy USA from a “hold” rating to a “buy” rating and increased their target price for the company from $550.00 to $625.00 in a report on Wednesday, July 1st. Wall Street Zen lowered Murphy USA from a “strong-buy” rating to a “buy” rating in a research report on Monday. Weiss Ratings upgraded Murphy USA from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday. Finally, The Goldman Sachs Group raised Murphy USA from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $380.00 to $550.00 in a research note on Monday, July 6th. Six analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, Murphy USA presently has an average rating of “Moderate Buy” and a consensus target price of $605.33.
Get Our Latest Research Report on Murphy USA
Murphy USA Trading Down 1.4%
Murphy USA stock traded down $7.49 during mid-day trading on Thursday, hitting $529.03. The company’s stock had a trading volume of 19,044 shares, compared to its average volume of 312,081. 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 market cap of $9.77 billion, a price-to-earnings ratio of 16.12, a price-to-earnings-growth ratio of 1.36 and a beta of 0.29. The business has a 50 day moving average price of $529.14 and a 200-day moving average price of $547.73. Murphy USA has a 12 month low of $349.83 and a 12 month high of $636.04.
Murphy USA (NYSE:MUSA – Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The specialty retailer reported $11.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.95 by $1.32. Murphy USA had a net margin of 2.87% and a return on equity of 96.01%. The business had revenue of $6.81 billion during the quarter, compared to analyst estimates of $6.03 billion. During the same period in the prior year, the business posted $7.36 earnings per share. The company’s revenue was up 36.0% on a year-over-year basis. As a group, analysts forecast that Murphy USA will post 34.89 EPS for the current year.
Insider Buying and Selling
In related news, Director Rosemary Turner sold 966 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $571.88, for a total transaction of $552,436.08. Following the completion of the transaction, the director owned 449 shares in the company, valued at $256,774.12. This represents a 68.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Eric J. Bartko sold 100 shares of the company’s stock in a transaction 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 completion of the transaction, the senior vice president owned 252 shares of the company’s stock, valued at $131,947.20. This trade represents a 28.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 9.02% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Murphy USA
A number of institutional investors have recently bought and sold shares of MUSA. BlackRock Inc. bought a new position in Murphy USA in the second quarter worth about $915,734,000. Bank of New York Mellon Corp boosted its position in Murphy USA by 3.4% during 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 in the last quarter. Recurrent Investment Advisors LLC boosted its position in 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 acquiring an additional 27,513 shares in the last quarter. Copeland Capital Management LLC purchased a new position in shares of Murphy USA during the 3rd quarter worth approximately $54,143,000. Finally, Engineers Gate Manager LP grew its holdings in shares of Murphy USA by 21,322.2% during the 2nd quarter. Engineers Gate Manager LP now owns 103,041 shares of the specialty retailer’s stock worth $55,526,000 after acquiring an additional 102,560 shares during the period. 80.81% of the stock is owned by institutional investors.
About Murphy USA
Murphy USA Inc is a U.S. operator of retail fuel and convenience stores. The company sells gasoline and diesel fuel along with tobacco products, packaged beverages, snacks, candy, grocery items, general merchandise and other convenience products. Many locations also offer prepared food and related services.
The company operates stores under the Murphy USA and Murphy Express brands, with a network concentrated primarily in the Southern, Southeastern and Midwestern United States. Murphy USA locations are commonly situated near Walmart stores, while Murphy Express sites generally operate as standalone convenience stores.
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