Murphy USA (MUSA) Price Target Raised to $77.00 at Jefferies Financial Group

Murphy USA (NYSE:MUSA) had its price target raised by Jefferies Financial Group from $74.00 to $77.00 in a research report sent to investors on Tuesday. Jefferies Financial Group currently has a hold rating on the specialty retailer’s stock. Jefferies Financial Group also issued estimates for Murphy USA’s Q4 2018 earnings at $1.35 EPS, FY2018 earnings at $4.31 EPS, Q1 2019 earnings at $0.33 EPS, Q2 2019 earnings at $1.36 EPS, Q3 2019 earnings at $1.42 EPS, Q4 2019 earnings at $1.34 EPS, FY2019 earnings at $4.44 EPS, FY2020 earnings at $4.67 EPS, FY2021 earnings at $4.83 EPS and FY2022 earnings at $4.97 EPS.

A number of other research analysts have also recently issued reports on the stock. ValuEngine raised shares of Murphy USA from a hold rating to a buy rating in a report on Wednesday, August 8th. Stephens set a $84.00 target price on shares of Murphy USA and gave the company a hold rating in a report on Friday, August 3rd. One 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. The company presently has an average rating of Hold and a consensus price target of $87.75.

Murphy USA stock traded down $1.87 during mid-day trading on Tuesday, reaching $79.83. The company had a trading volume of 283,443 shares, compared to its average volume of 403,371. Murphy USA has a 1 year low of $61.05 and a 1 year high of $89.69. The company has a current ratio of 1.00, a quick ratio of 0.60 and a debt-to-equity ratio of 1.16. The stock has a market cap of $2.63 billion, a PE ratio of 18.48, a price-to-earnings-growth ratio of 5.09 and a beta of 0.97.

Murphy USA (NYSE:MUSA) last issued its earnings results on Wednesday, October 31st. The specialty retailer reported $1.38 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.49 by ($0.11). Murphy USA had a net margin of 1.83% and a return on equity of 19.13%. The company had revenue of $3.79 billion during the quarter, compared to analysts’ expectations of $3.62 billion. During the same period last year, the business posted $1.90 earnings per share. The company’s quarterly revenue was up 17.0% on a year-over-year basis. On average, sell-side analysts forecast that Murphy USA will post 4.44 EPS for the current fiscal year.

A number of institutional investors have recently modified their holdings of MUSA. Millennium Management LLC increased its stake in shares of Murphy USA by 36.6% during the 1st quarter. Millennium Management LLC now owns 19,326 shares of the specialty retailer’s stock worth $1,407,000 after purchasing an additional 5,179 shares in the last quarter. Allianz Asset Management GmbH purchased a new position in shares of Murphy USA during the 1st quarter worth approximately $346,000. Denali Advisors LLC increased its stake in shares of Murphy USA by 85.5% during the 2nd quarter. Denali Advisors LLC now owns 71,800 shares of the specialty retailer’s stock worth $5,334,000 after purchasing an additional 33,100 shares in the last quarter. Bank of Montreal Can purchased a new position in shares of Murphy USA during the 2nd quarter worth approximately $8,820,000. Finally, Nisa Investment Advisors LLC purchased a new position in shares of Murphy USA during the 2nd quarter worth approximately $1,816,000. 95.38% of the stock is owned by institutional investors.

Murphy USA Company Profile

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 January 31, 2018, the company operated approximately 1,446 retail stores located primarily in the Southwest, Southeast, and Midwest United States.

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