Murphy USA (NYSE:MUSA) Issues Earnings Results

Murphy USA (NYSE:MUSA) issued its quarterly earnings data on Wednesday. The specialty retailer reported $7.53 EPS for the quarter, topping the consensus estimate of $6.67 by $0.86, FiscalAI reports. Murphy USA had a return on equity of 69.87% and a net margin of 2.43%.The firm had revenue of $4.74 billion during the quarter, compared to the consensus estimate of $4.88 billion. During the same period in the prior year, the business posted $6.96 earnings per share. The company’s quarterly revenue was up .7% compared to the same quarter last year.

Murphy USA Stock Performance

NYSE MUSA traded down $41.85 during trading hours on Thursday, reaching $403.00. 322,321 shares of the company were exchanged, compared to its average volume of 291,082. The stock has a market capitalization of $7.55 billion, a P/E ratio of 17.00, a P/E/G ratio of 3.81 and a beta of 0.38. The company has a quick ratio of 0.40, a current ratio of 0.81 and a debt-to-equity ratio of 4.07. Murphy USA has a 1 year low of $345.23 and a 1 year high of $523.09. The business’s 50 day simple moving average is $414.41 and its 200-day simple moving average is $393.68.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MUSA. Weiss Ratings reiterated a “hold (c)” rating on shares of Murphy USA in a report on Monday, December 29th. Bank of America assumed coverage on shares of Murphy USA in a research note on Friday, January 9th. They issued an “underperform” rating for the company. Stephens increased their target price on shares of Murphy USA from $425.00 to $475.00 and gave the company an “overweight” rating in a report on Wednesday, January 21st. KeyCorp set a $500.00 price target on shares of Murphy USA in a report on Thursday. Finally, Wells Fargo & Company upped their price objective on shares of Murphy USA from $375.00 to $410.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $463.33.

Insider Transactions at Murphy USA

In other Murphy USA news, CEO R Andrew Clyde sold 24,733 shares of the business’s stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $381.33, for a total value of $9,431,434.89. Following the sale, the chief executive officer directly owned 131,024 shares in the company, valued at $49,963,381.92. The trade was a 15.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Malynda K. West sold 4,051 shares of the company’s stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $425.00, for a total value of $1,721,675.00. Following the transaction, the chief executive officer directly owned 117,389 shares in the company, valued at $49,890,325. This represents a 3.34% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 45,034 shares of company stock worth $17,349,722. Corporate insiders own 9.04% of the company’s stock.

Institutional Investors Weigh In On Murphy USA

Several hedge funds and other institutional investors have recently modified their holdings of MUSA. EverSource Wealth Advisors LLC lifted its position in Murphy USA by 423.1% during the second quarter. EverSource Wealth Advisors LLC now owns 68 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 55 shares during the last quarter. Advisory Services Network LLC bought a new stake in shares of Murphy USA during the 3rd quarter worth $47,000. Quarry LP purchased a new position in Murphy USA in the third quarter worth $65,000. Headlands Technologies LLC bought a new position in Murphy USA in the second quarter valued at $67,000. Finally, State of Wyoming bought a new position in Murphy USA in the second quarter valued at $70,000. 80.81% of the stock is currently owned by institutional investors.

Murphy USA Company Profile

Murphy USA is a leading downstream marketer of gasoline, diesel and convenience store products in the United States. Headquartered in El Dorado, Arkansas, the company was originally established as part of Murphy Oil Corporation and was spun off as an independent public entity in 2013. Since its separation, Murphy USA has focused on retail fueling services and convenience offerings designed to deliver value and convenience to consumers.

The company’s primary operations center on two retail formats.