Murphy USA (MUSA) Upgraded to “Buy” at ValuEngine

Murphy USA (NYSE:MUSA) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Friday, November 10th.

A number of other research firms have also recently issued reports on MUSA. BidaskClub upgraded Murphy USA from a “hold” rating to a “buy” rating in a report on Wednesday, October 11th. Jefferies Group restated a “buy” rating and set a $83.00 price target (up from $77.00) on shares of Murphy USA in a report on Monday, July 17th. Zacks Investment Research cut Murphy USA from a “hold” rating to a “sell” rating in a report on Tuesday, October 24th. Finally, Stephens cut Murphy USA from an “overweight” rating to an “equal weight” rating in a report on Friday, August 4th. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $84.50.

Murphy USA (MUSA) traded up $3.36 during trading on Friday, hitting $78.43. The company’s stock had a trading volume of 476,600 shares, compared to its average volume of 464,408. The company has a market cap of $2,644.85, a PE ratio of 17.00, a price-to-earnings-growth ratio of 1.37 and a beta of 0.74. Murphy USA has a 52-week low of $60.44 and a 52-week high of $79.98. 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 (NYSE:MUSA) last posted its quarterly earnings results on Wednesday, November 1st. The specialty retailer reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.56. The firm had revenue of $3.24 billion for the quarter, compared to analysts’ expectations of $3.43 billion. Murphy USA had a return on equity of 24.19% and a net margin of 1.31%. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.16 EPS. sell-side analysts expect that Murphy USA will post 4.28 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. lifted its holdings in shares of Murphy USA by 10,259.5% in the 1st quarter. BlackRock Inc. now owns 3,001,041 shares of the specialty retailer’s stock worth $220,335,000 after purchasing an additional 2,972,072 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Murphy USA by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 2,844,983 shares of the specialty retailer’s stock worth $208,879,000 after purchasing an additional 18,620 shares in the last quarter. Iridian Asset Management LLC CT lifted its holdings in shares of Murphy USA by 6.6% in the 3rd quarter. Iridian Asset Management LLC CT now owns 2,349,242 shares of the specialty retailer’s stock worth $162,098,000 after purchasing an additional 146,269 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Murphy USA by 31.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,596,956 shares of the specialty retailer’s stock worth $110,110,000 after purchasing an additional 379,971 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Murphy USA by 2.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,148,891 shares of the specialty retailer’s stock worth $85,143,000 after purchasing an additional 25,895 shares in the last quarter. Institutional investors own 95.54% of the company’s stock.

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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.

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