Murphy USA (NYSE:MUSA) Stock Rating Lowered by StockNews.com

Murphy USA (NYSE:MUSAGet Rating) was downgraded by research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report released on Thursday.

Several other brokerages have also recently commented on MUSA. The Goldman Sachs Group boosted their price target on shares of Murphy USA from $200.00 to $228.00 and gave the stock a “sell” rating in a research report on Wednesday, October 19th. Wells Fargo & Company boosted their price target on shares of Murphy USA from $230.00 to $270.00 in a research report on Friday, July 29th. Stephens boosted their price target on shares of Murphy USA from $315.00 to $355.00 and gave the stock an “overweight” rating in a research report on Friday, October 28th. Finally, Raymond James boosted their price target on shares of Murphy USA from $315.00 to $335.00 and gave the stock an “outperform” rating in a research report on Friday, October 28th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $297.00.

Murphy USA Price Performance

Murphy USA stock traded down $3.93 during midday trading on Thursday, hitting $288.80. The company’s stock had a trading volume of 245,470 shares, compared to its average volume of 327,078. The company has a quick ratio of 0.64, a current ratio of 1.01 and a debt-to-equity ratio of 2.34. The stock’s 50-day moving average price is $287.64 and its 200-day moving average price is $271.75. Murphy USA has a 12 month low of $164.30 and a 12 month high of $323.00. The company has a market capitalization of $6.52 billion, a PE ratio of 10.65 and a beta of 0.89.

Hedge Funds Weigh In On Murphy USA

A number of large investors have recently made changes to their positions in the business. Van ECK Associates Corp grew its stake in shares of Murphy USA by 15.9% in the 1st quarter. Van ECK Associates Corp now owns 620 shares of the specialty retailer’s stock valued at $124,000 after buying an additional 85 shares in the last quarter. Hightower 6M Holding LLC bought a new stake in shares of Murphy USA in the 1st quarter valued at approximately $229,000. AlphaCrest Capital Management LLC grew its stake in shares of Murphy USA by 256.4% in the 2nd quarter. AlphaCrest Capital Management LLC now owns 18,039 shares of the specialty retailer’s stock valued at $4,201,000 after buying an additional 12,977 shares in the last quarter. Versor Investments LP bought a new stake in shares of Murphy USA in the 1st quarter valued at approximately $344,000. Finally, Walleye Capital LLC grew its stake in shares of Murphy USA by 52.8% in the 2nd quarter. Walleye Capital LLC now owns 22,506 shares of the specialty retailer’s stock valued at $5,241,000 after buying an additional 7,781 shares in the last quarter. Institutional investors and hedge funds own 87.52% of the company’s stock.

About Murphy USA

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Murphy USA Inc engages in marketing of retail motor fuel products and convenience merchandise. The company operates retail stores under the Murphy USA, Murphy Express, and QuickChek brands. As of December 31, 2021, it operated 1,679 retail gasoline stores principally in the Southeast, Southwest, and Midwest United States.

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