Murphy USA (NYSE:MUSA) Raised to Buy at ValuEngine

ValuEngine upgraded shares of Murphy USA (NYSE:MUSA) from a hold rating to a buy rating in a research report released on Thursday, ValuEngine reports.

Other analysts have also issued reports about the stock. Zacks Investment Research raised shares of Murphy USA from a hold rating to a buy rating and set a $91.00 target price for the company in a research note on Monday, July 8th. TheStreet raised shares of Murphy USA from a c+ rating to a b+ rating in a research note on Wednesday, July 31st. Two analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of Buy and an average target price of $84.00.

NYSE MUSA opened at $93.34 on Thursday. The company has a quick ratio of 0.77, a current ratio of 1.13 and a debt-to-equity ratio of 1.02. The company has a fifty day moving average of $86.80 and a two-hundred day moving average of $82.85. The firm has a market capitalization of $2.93 billion, a price-to-earnings ratio of 17.25, a PEG ratio of 5.64 and a beta of 0.74. Murphy USA has a 52 week low of $69.98 and a 52 week high of $93.94.

Murphy USA (NYSE:MUSA) last issued its earnings results on Wednesday, July 31st. The specialty retailer reported $1.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.16 by ($0.15). The company had revenue of $3.80 billion for the quarter, compared to analysts’ expectations of $3.56 billion. Murphy USA had a net margin of 1.13% and a return on equity of 20.38%. The firm’s revenue for the quarter was down .8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.58 earnings per share. Equities research analysts anticipate that Murphy USA will post 4.07 EPS for the current year.

In other news, Director Claiborne P. Deming sold 13,330 shares of the business’s stock in a transaction on Wednesday, May 22nd. The shares were 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 directly owns 250,286 shares of the company’s stock, valued at $21,044,046.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.52% of the stock is currently owned by insiders.

Several hedge funds have recently added to or reduced their stakes in MUSA. Private Capital Group LLC increased its holdings in shares of Murphy USA by 76.2% during the second quarter. Private Capital Group LLC now owns 460 shares of the specialty retailer’s stock valued at $34,000 after acquiring an additional 199 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Murphy USA by 11.1% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 9,372 shares of the specialty retailer’s stock valued at $788,000 after acquiring an additional 939 shares in the last quarter. Voloridge Investment Management LLC acquired a new position in shares of Murphy USA during the second quarter valued at about $3,226,000. Nuveen Asset Management LLC increased its holdings in shares of Murphy USA by 52.0% during the second quarter. Nuveen Asset Management LLC now owns 313,273 shares of the specialty retailer’s stock valued at $26,325,000 after acquiring an additional 107,165 shares in the last quarter. Finally, UBS Asset Management Americas Inc. increased its holdings in shares of Murphy USA by 5.4% during the second quarter. UBS Asset Management Americas Inc. now owns 47,493 shares of the specialty retailer’s stock valued at $3,991,000 after acquiring an additional 2,413 shares in the last quarter. Hedge funds and other institutional investors own 85.47% of the company’s stock.

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 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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