Murphy USA (NYSE:MUSA) PT Raised to $460.00

Murphy USA (NYSE:MUSA) had its target price increased by Wells Fargo & Company from $440.00 to $460.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has an “overweight” rating on the specialty retailer’s stock. Wells Fargo & Company‘s target price would indicate a potential upside of 10.84% from the company’s previous close.

A number of other equities research analysts have also issued reports on the company. Stephens reaffirmed an “overweight” rating and set a $470.00 target price on shares of Murphy USA in a research report on Wednesday, April 10th. Royal Bank of Canada upped their price target on Murphy USA from $382.00 to $408.00 and gave the company a “sector perform” rating in a research report on Thursday, February 8th. Finally, Jefferies Financial Group raised Murphy USA from a “hold” rating to a “buy” rating and upped their price target for the company from $375.00 to $425.00 in a research report on Thursday, January 4th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $408.60.

Murphy USA Stock Performance

NYSE:MUSA traded up $2.16 during midday trading on Friday, reaching $415.01. 5,842 shares of the company traded hands, compared to its average volume of 204,006. Murphy USA has a twelve month low of $267.61 and a twelve month high of $430.83. The firm has a market capitalization of $8.64 billion, a price-to-earnings ratio of 16.24 and a beta of 0.76. The company has a debt-to-equity ratio of 2.15, a current ratio of 0.95 and a quick ratio of 0.56. The company has a fifty day moving average price of $411.54 and a 200 day moving average price of $380.49.

Murphy USA (NYSE:MUSA) last announced its quarterly earnings data on Wednesday, February 7th. The specialty retailer reported $7.00 earnings per share for the quarter, beating the consensus estimate of $5.79 by $1.21. The business had revenue of $5.07 billion during the quarter, compared to analyst estimates of $5.32 billion. Murphy USA had a return on equity of 70.92% and a net margin of 2.59%. The company’s revenue was down 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $5.21 earnings per share. On average, analysts expect that Murphy USA will post 26.4 EPS for the current fiscal year.

Insider Activity at Murphy USA

In other Murphy USA news, SVP Christopher A. Click sold 664 shares of the company’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $415.55, for a total value of $275,925.20. Following the transaction, the senior vice president now directly owns 2,413 shares of the company’s stock, valued at approximately $1,002,722.15. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Director Jeanne Linder Phillips sold 1,525 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $411.42, for a total transaction of $627,415.50. Following the completion of the sale, the director now owns 2,670 shares in the company, valued at approximately $1,098,491.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Christopher A. Click sold 664 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $415.55, for a total value of $275,925.20. Following the sale, the senior vice president now owns 2,413 shares of the company’s stock, valued at approximately $1,002,722.15. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,440 shares of company stock valued at $4,244,582. Company insiders own 9.04% of the company’s stock.

Institutional Trading of Murphy USA

Several hedge funds have recently added to or reduced their stakes in the business. UMB Bank n.a. raised its holdings in shares of Murphy USA by 191.7% in the 4th quarter. UMB Bank n.a. now owns 70 shares of the specialty retailer’s stock worth $25,000 after buying an additional 46 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new stake in Murphy USA during the 4th quarter valued at $25,000. JFS Wealth Advisors LLC boosted its position in Murphy USA by 394.7% in the 4th quarter. JFS Wealth Advisors LLC now owns 94 shares of the specialty retailer’s stock valued at $34,000 after buying an additional 75 shares during the last quarter. McGlone Suttner Wealth Management Inc. bought a new position in Murphy USA in the 4th quarter valued at $44,000. Finally, Delta Asset Management LLC TN boosted its position in Murphy USA by 70.7% in the 4th quarter. Delta Asset Management LLC TN now owns 128 shares of the specialty retailer’s stock valued at $46,000 after buying an additional 53 shares during the last quarter. Institutional investors own 80.81% of the company’s stock.

About Murphy USA

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.