Murphy USA (NYSE:MUSA) Upgraded to “Buy” at StockNews.com

StockNews.com upgraded shares of Murphy USA (NYSE:MUSAFree Report) from a hold rating to a buy rating in a research note published on Tuesday.

Murphy USA Stock Down 0.1 %

Shares of NYSE:MUSA opened at $481.78 on Tuesday. Murphy USA has a fifty-two week low of $350.55 and a fifty-two week high of $561.08. The company has a quick ratio of 0.41, a current ratio of 0.80 and a debt-to-equity ratio of 2.19. The firm’s 50-day simple moving average is $518.38 and its 200-day simple moving average is $506.02. The company has a market cap of $9.76 billion, a price-to-earnings ratio of 19.88 and a beta of 0.80.

Murphy USA (NYSE:MUSAGet Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The specialty retailer reported $7.20 earnings per share for the quarter, beating analysts’ consensus estimates of $6.64 by $0.56. The company had revenue of $5.24 billion for the quarter, compared to analyst estimates of $5.54 billion. Murphy USA had a return on equity of 62.73% and a net margin of 2.48%. The firm’s revenue for the quarter was down 9.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $7.69 EPS. As a group, equities research analysts predict that Murphy USA will post 23.62 earnings per share for the current year.

Institutional Investors Weigh In On Murphy USA

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. International Assets Investment Management LLC increased its holdings in shares of Murphy USA by 49,501.3% in the 3rd quarter. International Assets Investment Management LLC now owns 388,874 shares of the specialty retailer’s stock valued at $191,664,000 after purchasing an additional 388,090 shares in the last quarter. JPMorgan Chase & Co. grew its position in Murphy USA by 69.9% during the third quarter. JPMorgan Chase & Co. now owns 428,379 shares of the specialty retailer’s stock worth $211,135,000 after buying an additional 176,308 shares during the period. Fiera Capital Corp purchased a new position in Murphy USA in the third quarter valued at about $53,387,000. FMR LLC lifted its position in shares of Murphy USA by 6.0% during the 3rd quarter. FMR LLC now owns 1,751,206 shares of the specialty retailer’s stock valued at $863,116,000 after acquiring an additional 99,253 shares during the period. Finally, World Investment Advisors LLC purchased a new stake in shares of Murphy USA during the 3rd quarter worth approximately $30,122,000. Institutional investors and hedge funds own 80.81% 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, as well as operates non-fuel convenience stores. It operates retail gasoline stores principally in the Southeast, Southwest, and Midwest United States.

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