Murphy USA (MUSA) PT Raised to $77.00

Murphy USA (NYSE:MUSA) had its target price hoisted by Jefferies Financial Group from $74.00 to $77.00 in a research report report published 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.

MUSA has been the subject of several other research reports. 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. ValuEngine upgraded shares of Murphy USA from a hold rating to a buy rating in a report on Wednesday, August 8th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. Murphy USA currently has a consensus rating of Hold and a consensus target price of $87.75.

Murphy USA stock traded down $1.92 during trading on Tuesday, hitting $79.78. The company had a trading volume of 10,768 shares, compared to its average volume of 395,567. Murphy USA has a 1-year low of $61.05 and a 1-year high of $89.69. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.60 and a current ratio of 1.00. The company has a market capitalization of $2.62 billion, a PE ratio of 18.48, a price-to-earnings-growth ratio of 5.07 and a beta of 0.97.

Murphy USA (NYSE:MUSA) last posted its earnings results on Wednesday, October 31st. The specialty retailer reported $1.38 earnings per share for the quarter, missing the Thomson Reuters’ 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 analyst estimates of $3.62 billion. During the same quarter last year, the business posted $1.90 EPS. The firm’s revenue for the quarter was up 17.0% on a year-over-year basis. As a group, equities research analysts forecast that Murphy USA will post 4.42 earnings per share for the current year.

Hedge funds have recently modified their holdings of the business. BlackRock Inc. lifted its position in shares of Murphy USA by 26.7% during the 2nd quarter. BlackRock Inc. now owns 3,461,833 shares of the specialty retailer’s stock worth $257,179,000 after purchasing an additional 729,948 shares during the last quarter. Alliancebernstein L.P. lifted its position in shares of Murphy USA by 956.1% during the 3rd quarter. Alliancebernstein L.P. now owns 449,854 shares of the specialty retailer’s stock worth $38,445,000 after purchasing an additional 407,257 shares during the last quarter. Hennessy Advisors Inc. purchased a new stake in shares of Murphy USA during the 3rd quarter worth $28,159,000. Northern Trust Corp lifted its position in shares of Murphy USA by 63.8% during the 2nd quarter. Northern Trust Corp now owns 500,409 shares of the specialty retailer’s stock worth $37,175,000 after purchasing an additional 194,985 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. lifted its position in shares of Murphy USA by 134.9% during the 2nd quarter. Fuller & Thaler Asset Management Inc. now owns 325,516 shares of the specialty retailer’s stock worth $24,183,000 after purchasing an additional 186,916 shares during the last quarter. 95.38% of the stock is owned by institutional investors.

About Murphy USA

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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