Murphy USA Inc. (MUSA) Raised to Sell at BidaskClub

BidaskClub upgraded shares of Murphy USA Inc. (NYSE:MUSA) from a strong sell rating to a sell rating in a report published on Thursday morning.

MUSA has been the subject of several other research reports. Stephens boosted their price objective on Murphy USA from $76.00 to $83.00 and gave the company an overweight rating in a report on Friday, June 30th. Jefferies Group LLC set a $86.00 price objective on Murphy USA and gave the company a buy rating in a report on Friday, August 4th. Zacks Investment Research downgraded Murphy USA from a buy rating to a hold rating in a report on Tuesday, July 18th. Finally, William Blair began coverage on Murphy USA in a report on Wednesday, July 12th. They set a market perform rating for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. Murphy USA currently has a consensus rating of Hold and an average price target of $83.25.

Murphy USA (MUSA) opened at 66.40 on Thursday. The stock’s 50 day moving average is $68.22 and its 200 day moving average is $69.71. The company has a market capitalization of $2.39 billion, a PE ratio of 17.71 and a beta of 0.71. Murphy USA has a 52 week low of $57.13 and a 52 week high of $79.98.

Murphy USA (NYSE:MUSA) last issued its quarterly earnings results on Wednesday, August 2nd. The specialty retailer reported $1.51 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.09 by $0.42. The firm had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.27 billion. Murphy USA had a return on equity of 20.19% and a net margin of 1.15%. The company’s revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.17 earnings per share. Analysts predict that Murphy USA will post $3.70 EPS for the current fiscal year.

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In related news, EVP Daryl R. Schofield purchased 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The stock was acquired at an average price of $66.00 per share, for a total transaction of $198,000.00. Following the completion of the acquisition, the executive vice president now owns 3,000 shares of the company’s stock, valued at approximately $198,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP John A. Moore sold 1,030 shares of the company’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $71.46, for a total value of $73,603.80. Following the sale, the senior vice president now owns 18,169 shares of the company’s stock, valued at approximately $1,298,356.74. The disclosure for this sale can be found here. Insiders own 7.30% of the company’s stock.

A number of institutional investors have recently made changes to their positions in MUSA. Tower Research Capital LLC TRC grew its holdings in Murphy USA by 1,343.0% during the second quarter. Tower Research Capital LLC TRC now owns 1,443 shares of the specialty retailer’s stock worth $107,000 after buying an additional 1,343 shares in the last quarter. Fifth Third Bancorp grew its holdings in Murphy USA by 29.3% during the first quarter. Fifth Third Bancorp now owns 1,945 shares of the specialty retailer’s stock worth $143,000 after buying an additional 441 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in Murphy USA by 8.0% during the first quarter. Nomura Asset Management Co. Ltd. now owns 2,160 shares of the specialty retailer’s stock worth $159,000 after buying an additional 160 shares in the last quarter. Victory Capital Management Inc. grew its holdings in Murphy USA by 49.0% during the first quarter. Victory Capital Management Inc. now owns 2,232 shares of the specialty retailer’s stock worth $164,000 after buying an additional 734 shares in the last quarter. Finally, LS Investment Advisors LLC grew its holdings in Murphy USA by 13.4% during the second quarter. LS Investment Advisors LLC now owns 2,896 shares of the specialty retailer’s stock worth $215,000 after buying an additional 343 shares in the last quarter. Institutional investors and hedge funds own 97.47% of the company’s stock.

About Murphy USA

Murphy USA Inc is engaged in the marketing of retail motor fuel products and merchandise through a chain of retail stores. The Company operates through the Marketing segment. The Marketing segment includes its retail marketing sites and product supply, and wholesale assets. As of December 31, 2016, its retail stores were located in 26 states, primarily in the Southwest, Southeast and Midwest the United States.

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