Murphy USA Inc (NYSE:MUSA) Director James W. Keyes acquired 4,000 shares of the business’s stock in a transaction that occurred on Thursday, May 4th. The stock was purchased at an average price of $65.20 per share, for a total transaction of $260,800.00. Following the acquisition, the director now directly owns 9,650 shares in the company, valued at approximately $629,180. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Murphy USA Inc (NYSE:MUSA) traded up 0.80% during trading on Friday, reaching $68.04. The company’s stock had a trading volume of 107,347 shares. The firm has a 50-day moving average price of $70.21 and a 200-day moving average price of $66.92. The firm has a market capitalization of $2.50 billion, a P/E ratio of 19.74 and a beta of 0.76. Murphy USA Inc has a 52 week low of $57.13 and a 52 week high of $80.44.
Murphy USA (NYSE:MUSA) last issued its quarterly earnings results on Monday, May 1st. The specialty retailer reported ($0.08) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.08). Murphy USA had a net margin of 1.91% and a return on equity of 22.52%. The firm had revenue of $3 billion for the quarter, compared to analyst estimates of $3.06 billion. During the same period in the previous year, the business earned $2.08 EPS. The company’s revenue was up 20.5% compared to the same quarter last year. On average, equities analysts anticipate that Murphy USA Inc will post $3.40 EPS for the current fiscal year.
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MUSA has been the topic of several recent research reports. Zacks Investment Research raised Murphy USA from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 8th. Wells Fargo & Co cut Murphy USA from an “outperform” rating to a “market perform” rating in a research report on Tuesday, April 18th. Stephens decreased their price objective on Murphy USA from $82.00 to $76.00 and set an “overweight” rating for the company in a research report on Wednesday, May 3rd. Finally, Jefferies Group LLC decreased their price objective on Murphy USA from $78.00 to $77.00 and set a “buy” rating for the company in a research report on Wednesday, May 3rd. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Murphy USA has an average rating of “Hold” and an average target price of $79.75.
A number of large investors have recently modified their holdings of the stock. Piermont Capital Management Inc. purchased a new position in shares of Murphy USA during the third quarter worth approximately $3,560,000. BOKF NA increased its stake in shares of Murphy USA by 1.4% in the third quarter. BOKF NA now owns 12,514 shares of the specialty retailer’s stock valued at $893,000 after buying an additional 174 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Murphy USA by 46.7% in the third quarter. Principal Financial Group Inc. now owns 613,721 shares of the specialty retailer’s stock valued at $43,795,000 after buying an additional 195,433 shares during the last quarter. Spark Investment Management LLC increased its stake in shares of Murphy USA by 27.5% in the third quarter. Spark Investment Management LLC now owns 150,700 shares of the specialty retailer’s stock valued at $10,753,000 after buying an additional 32,500 shares during the last quarter. Finally, Matarin Capital Management LLC bought a new stake in shares of Murphy USA during the third quarter valued at approximately $9,767,000. Hedge funds and other institutional investors own 81.15% of the company’s stock.
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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