Murphy USA (MUSA) Given Buy Rating at Jefferies Group

Jefferies Group reaffirmed their buy rating on shares of Murphy USA (NYSE:MUSA) in a report published on Monday. They currently have a $98.00 price target on the specialty retailer’s stock. Jefferies Group also issued estimates for Murphy USA’s FY2017 earnings at $4.52 EPS, Q2 2018 earnings at $1.29 EPS, Q3 2018 earnings at $1.61 EPS, FY2020 earnings at $5.38 EPS and FY2022 earnings at $6.08 EPS.

A number of other research firms have also recently commented on MUSA. BidaskClub raised Murphy USA from a hold rating to a buy rating in a report on Wednesday, October 11th. Wells Fargo & Co upped their target price on Murphy USA and gave the stock a market perform rating in a report on Thursday, January 4th. ValuEngine raised Murphy USA from a hold rating to a buy rating in a report on Friday, November 10th. Zacks Investment Research cut Murphy USA from a hold rating to a sell rating in a report on Tuesday, October 24th. Finally, JPMorgan Chase & Co. cut Murphy USA from a neutral rating to an underweight rating in a report on Tuesday, November 7th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. Murphy USA has an average rating of Hold and an average price target of $90.50.

Murphy USA (NYSE:MUSA) traded down $0.13 during trading on Monday, hitting $85.74. The stock had a trading volume of 345,445 shares, compared to its average volume of 306,133. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.18 and a quick ratio of 0.77. Murphy USA has a 12 month low of $61.01 and a 12 month high of $86.85. The firm has a market cap of $2,914.53, a PE ratio of 19.18, a P/E/G ratio of 1.42 and a beta of 0.76.

Murphy USA (NYSE:MUSA) last posted its quarterly earnings results on Wednesday, November 1st. The specialty retailer reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.56. Murphy USA had a return on equity of 24.19% and a net margin of 1.31%. The company had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $3.43 billion. During the same quarter in the previous year, the firm earned $1.16 EPS. Murphy USA’s revenue was up 6.4% on a year-over-year basis. research analysts anticipate that Murphy USA will post 4.31 earnings per share for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of the business. California Public Employees Retirement System grew its position in shares of Murphy USA by 1.8% in the 3rd quarter. California Public Employees Retirement System now owns 120,754 shares of the specialty retailer’s stock valued at $8,332,000 after buying an additional 2,105 shares during the last quarter. Zions Bancorporation bought a new stake in shares of Murphy USA in the 3rd quarter valued at about $106,000. Royce & Associates LP grew its position in shares of Murphy USA by 10.0% in the 3rd quarter. Royce & Associates LP now owns 33,000 shares of the specialty retailer’s stock valued at $2,277,000 after buying an additional 3,000 shares during the last quarter. Tiedemann Wealth Management LLC grew its position in shares of Murphy USA by 9.9% in the 3rd quarter. Tiedemann Wealth Management LLC now owns 17,693 shares of the specialty retailer’s stock valued at $103,000 after buying an additional 1,587 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its position in shares of Murphy USA by 8.6% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 179,395 shares of the specialty retailer’s stock valued at $12,379,000 after buying an additional 14,229 shares during the last quarter. 95.35% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Murphy USA (NYSE:MUSA)

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