Murphy USA (NYSE:MUSA) Price Target Increased to $440.00 by Analysts at Wells Fargo & Company

Murphy USA (NYSE:MUSAFree Report) had its target price hoisted by Wells Fargo & Company from $395.00 to $440.00 in a report released on Friday, Benzinga reports. The firm currently has an overweight rating on the specialty retailer’s stock.

A number of other research analysts have also recently commented on the company. Stephens restated an overweight rating and set a $425.00 price target on shares of Murphy USA in a research note on Thursday. The Goldman Sachs Group upped their price target on Murphy USA from $252.00 to $280.00 and gave the stock a sell rating in a research note on Thursday, October 26th. Royal Bank of Canada upped their price target on Murphy USA from $382.00 to $408.00 and gave the stock a sector perform rating in a research note on Thursday. Finally, Jefferies Financial Group upgraded Murphy USA from a hold rating to a buy rating and upped their price target for the stock from $375.00 to $425.00 in a research note on Thursday, January 4th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and an average price target of $395.60.

Read Our Latest Stock Analysis on MUSA

Murphy USA Trading Down 1.9 %

MUSA opened at $393.77 on Friday. Murphy USA has a one year low of $231.65 and a one year high of $404.93. The stock has a market capitalization of $8.38 billion, a PE ratio of 15.44 and a beta of 0.74. The business’s 50 day moving average price is $364.67 and its 200 day moving average price is $349.01. The company has a debt-to-equity ratio of 2.15, a quick ratio of 0.61 and a current ratio of 0.95.

Murphy USA (NYSE:MUSAGet Free Report) last released its quarterly earnings results on Wednesday, February 7th. The specialty retailer reported $7.00 EPS for the quarter, topping analysts’ consensus estimates of $5.79 by $1.21. Murphy USA had a return on equity of 70.92% and a net margin of 2.59%. The company had revenue of $5.07 billion for the quarter, compared to analysts’ expectations of $5.32 billion. During the same period in the prior year, the firm earned $5.21 earnings per share. The firm’s revenue was down 5.5% compared to the same quarter last year. As a group, equities research analysts expect that Murphy USA will post 24.81 EPS for the current year.

Insider Activity

In related news, SVP Jennifer Bridges sold 2,268 shares of the stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $365.41, for a total value of $828,749.88. Following the transaction, the senior vice president now owns 2,850 shares of the company’s stock, valued at $1,041,418.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CMO Renee M. Bacon sold 7,206 shares of the stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $367.51, for a total value of $2,648,277.06. Following the transaction, the chief marketing officer now owns 3,083 shares of the company’s stock, valued at $1,133,033.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jennifer Bridges sold 2,268 shares of the stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $365.41, for a total value of $828,749.88. Following the completion of the transaction, the senior vice president now directly owns 2,850 shares in the company, valued at approximately $1,041,418.50. The disclosure for this sale can be found here. Insiders own 9.04% of the company’s stock.

Hedge Funds Weigh In On Murphy USA

Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. grew its holdings in shares of Murphy USA by 1.4% during the first quarter. BlackRock Inc. now owns 2,670,297 shares of the specialty retailer’s stock worth $533,953,000 after purchasing an additional 35,610 shares during the last quarter. FMR LLC boosted its stake in shares of Murphy USA by 15.0% during the third quarter. FMR LLC now owns 1,080,410 shares of the specialty retailer’s stock worth $369,208,000 after buying an additional 140,879 shares during the period. Morgan Stanley boosted its stake in shares of Murphy USA by 76.4% during the fourth quarter. Morgan Stanley now owns 379,886 shares of the specialty retailer’s stock worth $106,194,000 after buying an additional 164,519 shares during the period. Millennium Management LLC boosted its stake in shares of Murphy USA by 29.4% during the fourth quarter. Millennium Management LLC now owns 355,479 shares of the specialty retailer’s stock worth $99,371,000 after buying an additional 80,791 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of Murphy USA by 0.7% during the second quarter. JPMorgan Chase & Co. now owns 336,842 shares of the specialty retailer’s stock worth $104,795,000 after buying an additional 2,191 shares during the period. Hedge funds and other institutional investors own 83.95% of the company’s stock.

Murphy USA Company Profile

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Murphy USA Inc engages in marketing of retail motor fuel products and convenience merchandise. The company operates retail stores under the Murphy USA, Murphy Express, and QuickChek brands. It operates retail gasoline stores principally in the Southeast, Southwest, and Midwest United States. The company was founded in 1996 and is headquartered in El Dorado, Arkansas.

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