TheStreet Downgrades Murphy USA (NYSE:MUSA) to C+

TheStreet cut shares of Murphy USA (NYSE:MUSA) from a b rating to a c+ rating in a research note published on Tuesday, April 30th, TheStreetRatingsTable reports.

MUSA has been the topic of several other research reports. Zacks Investment Research raised Murphy USA from a hold rating to a buy rating and set a $91.00 price objective on the stock in a research report on Tuesday, April 23rd. Gabelli reissued a hold rating on shares of Murphy USA in a research report on Friday, February 1st. Finally, ValuEngine cut Murphy USA from a buy rating to a hold rating in a research report on Tuesday, January 29th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $84.00.

Shares of NYSE MUSA traded down $0.44 during midday trading on Tuesday, hitting $83.29. 288,847 shares of the stock traded hands, compared to its average volume of 372,278. Murphy USA has a one year low of $64.89 and a one year high of $88.58. The company has a market cap of $2.70 billion, a price-to-earnings ratio of 15.40, a P/E/G ratio of 5.93 and a beta of 0.75. The company has a quick ratio of 0.81, a current ratio of 1.15 and a debt-to-equity ratio of 1.05.

Murphy USA (NYSE:MUSA) last announced its quarterly earnings results on Monday, April 29th. The specialty retailer reported $0.16 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.03). Murphy USA had a return on equity of 23.79% and a net margin of 1.26%. The company had revenue of $3.12 billion for the quarter, compared to the consensus estimate of $3.18 billion. During the same quarter last year, the company posted $1.16 EPS. The company’s quarterly revenue was down 3.9% compared to the same quarter last year. On average, equities research analysts anticipate that Murphy USA will post 4.3 earnings per share for the current year.

In other Murphy USA news, SVP John A. Moore sold 1,084 shares of the business’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $86.09, for a total value of $93,321.56. Following the transaction, the senior vice president now owns 28,367 shares of the company’s stock, valued at $2,442,115.03. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 6.52% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC lifted its position in shares of Murphy USA by 92.3% during the 1st quarter. FMR LLC now owns 975,626 shares of the specialty retailer’s stock valued at $83,532,000 after buying an additional 468,295 shares during the last quarter. Man Group plc lifted its position in shares of Murphy USA by 20.8% during the 1st quarter. Man Group plc now owns 233,938 shares of the specialty retailer’s stock valued at $20,030,000 after buying an additional 40,323 shares during the last quarter. M&T Bank Corp purchased a new position in shares of Murphy USA during the 1st quarter valued at $325,000. Goldman Sachs Group Inc. lifted its position in shares of Murphy USA by 125.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 577,763 shares of the specialty retailer’s stock valued at $49,468,000 after buying an additional 321,332 shares during the last quarter. Finally, Jefferies Group LLC bought a new stake in shares of Murphy USA during the 1st quarter valued at $1,138,000. 81.21% of the stock is currently owned by hedge funds and other institutional investors.

Murphy USA Company Profile

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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