Murphy USA Inc. (MUSA) Upgraded to Hold by Zacks Investment Research

Zacks Investment Research upgraded shares of Murphy USA Inc. (NYSE:MUSA) from a sell rating to a hold rating in a report issued on Tuesday morning.

According to Zacks, “Murphy USA Inc. is a retailer of gasoline products and convenience store merchandise primarily in the United States. Murphy USA Inc. is headquartered in El Dorado, AR. “

Other research analysts have also recently issued research reports about the company. BidaskClub cut Murphy USA from a buy rating to a hold rating in a report on Sunday, August 6th. Jefferies Group LLC set a $86.00 price objective on Murphy USA and gave the stock a buy rating in a research note on Friday, August 4th. William Blair started coverage on Murphy USA in a research note on Wednesday, July 12th. They set a market perform rating on the stock. Finally, Stephens cut Murphy USA from an overweight rating to an equal weight rating in a research note on Friday, August 4th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $84.50.

Shares of Murphy USA (NYSE MUSA) traded up 0.66% during trading on Tuesday, hitting $74.85. The stock had a trading volume of 168,083 shares. Murphy USA has a 12-month low of $57.13 and a 12-month high of $79.98. The company has a market cap of $2.70 billion, a PE ratio of 19.96 and a beta of 0.72. The stock’s 50 day moving average is $70.90 and its 200-day moving average is $70.01.

Murphy USA (NYSE:MUSA) last issued its earnings results on Wednesday, August 2nd. The specialty retailer reported $1.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.09 by $0.42. Murphy USA had a return on equity of 20.19% and a net margin of 1.15%. The firm had revenue of $3.21 billion for the quarter, compared to analysts’ expectations of $3.27 billion. During the same quarter last year, the firm earned $1.17 earnings per share. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. Analysts forecast that Murphy USA will post $3.81 earnings per share for the current year.

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

Hedge funds have recently modified their holdings of the stock. Tower Research Capital LLC TRC grew its holdings in Murphy USA by 1,343.0% in the 2nd 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. Nomura Asset Management Co. Ltd. lifted its position in Murphy USA by 8.0% in the first quarter. Nomura Asset Management Co. Ltd. now owns 2,160 shares of the specialty retailer’s stock worth $159,000 after purchasing an additional 160 shares during the period. Victory Capital Management Inc. lifted its position in Murphy USA by 17.6% in the second quarter. Victory Capital Management Inc. now owns 2,624 shares of the specialty retailer’s stock worth $194,000 after purchasing an additional 392 shares during the period. LS Investment Advisors LLC lifted its position in Murphy USA by 13.4% in the second quarter. LS Investment Advisors LLC now owns 2,896 shares of the specialty retailer’s stock worth $215,000 after purchasing an additional 343 shares during the period. Finally, Neuberger Berman Group LLC acquired a new stake in Murphy USA in the first quarter worth approximately $237,000. 97.11% of the stock is owned by institutional investors and hedge funds.

Murphy USA Company Profile

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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