Shares of Murphy USA (NYSE:MUSA) have earned an average recommendation of “Hold” from the nine research firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $76.67.
Several equities research analysts have recently commented on MUSA shares. Wells Fargo lifted their price target on shares of Murphy USA and gave the stock a “market perform” rating in a research report on Thursday, January 4th. Zacks Investment Research lowered shares of Murphy USA from a “buy” rating to a “hold” rating in a research note on Wednesday, March 7th. Jefferies Group reissued a “buy” rating and set a $98.00 price objective on shares of Murphy USA in a research note on Monday, January 8th. Stephens set a $85.00 price objective on shares of Murphy USA and gave the stock a “hold” rating in a research note on Tuesday, January 16th. Finally, Gabelli lowered shares of Murphy USA from a “buy” rating to a “hold” rating and set a $92.00 price objective on the stock. in a research note on Thursday, January 11th.
Shares of NYSE:MUSA traded down $0.82 during trading on Wednesday, hitting $62.62. 118,070 shares of the company’s stock were exchanged, compared to its average volume of 365,228. Murphy USA has a 1-year low of $61.70 and a 1-year high of $89.69. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.15 and a quick ratio of 0.81. The stock has a market cap of $2,148.55, a price-to-earnings ratio of 14.50, a P/E/G ratio of 1.70 and a beta of 0.89.
Murphy USA (NYSE:MUSA) last issued its quarterly earnings results on Wednesday, January 31st. The specialty retailer reported $3.58 EPS for the quarter, topping the consensus estimate of $1.04 by $2.54. Murphy USA had a net margin of 1.91% and a return on equity of 22.69%. The company had revenue of $3.38 billion during the quarter, compared to analysts’ expectations of $3.25 billion. During the same quarter in the previous year, the company earned $1.14 EPS. Murphy USA’s revenue was up 10.6% on a year-over-year basis. equities research analysts anticipate that Murphy USA will post 4.75 earnings per share for the current year.
A number of institutional investors and hedge funds have recently made changes to their positions in MUSA. BancorpSouth Bank bought a new position in Murphy USA in the fourth quarter valued at approximately $83,141,000. Two Sigma Investments LP bought a new position in Murphy USA in the fourth quarter valued at approximately $9,887,000. Quantitative Investment Management LLC bought a new position in Murphy USA in the fourth quarter valued at approximately $7,401,000. Clearbridge Investments LLC lifted its position in shares of Murphy USA by 8.4% in the fourth quarter. Clearbridge Investments LLC now owns 955,882 shares of the specialty retailer’s stock worth $76,815,000 after purchasing an additional 74,236 shares in the last quarter. Finally, LSV Asset Management lifted its position in shares of Murphy USA by 4.5% in the fourth quarter. LSV Asset Management now owns 1,589,775 shares of the specialty retailer’s stock worth $127,754,000 after purchasing an additional 67,800 shares in the last quarter. 93.20% of the stock is currently owned by hedge funds and other institutional investors.
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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 January 31, 2018, the company operated approximately 1,446 retail stores located primarily in the Southwest, Southeast, and Midwest United States.
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