Analysts Set Murphy USA Inc (NYSE:MUSA) Target Price at $84.00

Shares of Murphy USA Inc (NYSE:MUSA) have earned a consensus recommendation of “Hold” from the six research firms that are presently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $84.00.

Several research analysts have weighed in on MUSA shares. ValuEngine downgraded Zosano Pharma from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. TheStreet downgraded UDR from a “b” rating to a “c” rating in a research note on Tuesday, April 30th. Finally, Zacks Investment Research upgraded Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a research report on Monday, July 8th.

In other news, SVP John A. Moore sold 1,084 shares of the stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $86.09, for a total transaction of $93,321.56. Following the completion of the transaction, the senior vice president now directly owns 28,367 shares in the company, valued at approximately $2,442,115.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Claiborne P. Deming sold 13,330 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $84.08, for a total value of $1,120,786.40. Following the transaction, the director now owns 250,286 shares of the company’s stock, valued at $21,044,046.88. The disclosure for this sale can be found here. 6.52% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Marshall Wace LLP purchased a new stake in Murphy USA during the 1st quarter valued at $9,363,000. Raymond James Financial Services Advisors Inc. raised its holdings in Murphy USA by 153.1% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 6,299 shares of the specialty retailer’s stock valued at $483,000 after buying an additional 3,810 shares during the period. FMR LLC raised its holdings in 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 period. Geode Capital Management LLC raised its holdings in Murphy USA by 9.8% during the 4th quarter. Geode Capital Management LLC now owns 329,161 shares of the specialty retailer’s stock valued at $25,226,000 after buying an additional 29,309 shares during the period. Finally, Parametric Portfolio Associates LLC raised its holdings in Murphy USA by 5.0% during the 1st quarter. Parametric Portfolio Associates LLC now owns 163,491 shares of the specialty retailer’s stock valued at $13,998,000 after buying an additional 7,754 shares during the period. Hedge funds and other institutional investors own 85.56% of the company’s stock.

MUSA stock traded down $1.39 during midday trading on Tuesday, hitting $85.19. The company’s stock had a trading volume of 174,922 shares, compared to its average volume of 240,461. Murphy USA has a 12 month low of $69.98 and a 12 month high of $88.58. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.15 and a quick ratio of 0.81. The company has a market capitalization of $2.74 billion, a price-to-earnings ratio of 15.75, a price-to-earnings-growth ratio of 6.48 and a beta of 0.74. The business has a 50 day moving average price of $84.45.

Murphy USA (NYSE:MUSA) last posted its quarterly earnings results on Monday, April 29th. The specialty retailer reported $0.16 earnings per share 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 business had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $3.18 billion. During the same quarter in the previous year, the company earned $1.16 earnings per share. The company’s revenue for the quarter was down 3.9% compared to the same quarter last year. On average, analysts expect that Murphy USA will post 3.99 EPS for the current year.

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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