Murphy USA (NYSE:MUSA) Reaches New 1-Year High at $89.84

Shares of Murphy USA Inc (NYSE:MUSA) hit a new 52-week high on Tuesday . The company traded as high as $89.84 and last traded at $89.57, with a volume of 10737 shares trading hands. The stock had previously closed at $86.03.

A number of research analysts have recently weighed in on the company. Zacks Investment Research upgraded Murphy USA from a “hold” rating to a “buy” rating and set a $91.00 price target on the stock in a report on Monday, July 8th. ValuEngine downgraded Murphy USA from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, TheStreet upgraded Murphy USA from a “c+” rating to a “b+” rating in a report on Wednesday, July 31st. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Murphy USA presently has an average rating of “Hold” and a consensus target price of $84.00.

The company has a current ratio of 1.13, a quick ratio of 0.77 and a debt-to-equity ratio of 1.02. The firm has a market cap of $2.74 billion, a price-to-earnings ratio of 16.53, a PEG ratio of 6.93 and a beta of 0.74. The firm’s fifty day simple moving average is $85.27.

Murphy USA (NYSE:MUSA) last issued its quarterly earnings results on Wednesday, July 31st. The specialty retailer reported $1.01 earnings per share for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.15). Murphy USA had a net margin of 1.13% and a return on equity of 20.38%. The business had revenue of $3.80 billion for the quarter, compared to analysts’ expectations of $3.56 billion. During the same quarter in the prior year, the firm posted $1.58 EPS. The business’s quarterly revenue was down .8% compared to the same quarter last year. On average, sell-side analysts expect that Murphy USA Inc will post 3.73 earnings per share for the current fiscal year.

In related news, Director Claiborne P. Deming sold 13,330 shares of Murphy USA stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $84.08, for a total transaction of $1,120,786.40. Following the completion of the sale, the director now owns 250,286 shares of the company’s stock, valued at $21,044,046.88. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 6.52% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its position in shares of Murphy USA by 2.4% in the first quarter. BlackRock Inc. now owns 3,569,003 shares of the specialty retailer’s stock worth $305,578,000 after buying an additional 84,919 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Murphy USA by 0.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,201,329 shares of the specialty retailer’s stock worth $92,068,000 after buying an additional 10,302 shares during the last quarter. FMR LLC lifted its position in shares of Murphy USA by 92.3% in the first quarter. FMR LLC now owns 975,626 shares of the specialty retailer’s stock worth $83,532,000 after buying an additional 468,295 shares during the last quarter. Norges Bank acquired a new stake in shares of Murphy USA in the fourth quarter worth about $25,896,000. Finally, Geode Capital Management LLC lifted its position in shares of Murphy USA by 9.8% in the fourth quarter. Geode Capital Management LLC now owns 329,161 shares of the specialty retailer’s stock worth $25,226,000 after buying an additional 29,309 shares during the last quarter. 85.38% of the stock is owned by hedge funds and other institutional investors.

Murphy USA Company Profile (NYSE:MUSA)

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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