Raymond James Financial Services Advisors Inc. Grows Position in Murphy USA Inc. (NYSE:MUSA)

Raymond James Financial Services Advisors Inc. increased its position in shares of Murphy USA Inc. (NYSE:MUSAGet Rating) by 10.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,142 shares of the specialty retailer’s stock after purchasing an additional 566 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Murphy USA were worth $1,690,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Quadrant Capital Group LLC lifted its holdings in Murphy USA by 47.6% during the 2nd quarter. Quadrant Capital Group LLC now owns 121 shares of the specialty retailer’s stock valued at $28,000 after buying an additional 39 shares in the last quarter. Ronald Blue Trust Inc. bought a new stake in Murphy USA during the 2nd quarter valued at about $33,000. Private Trust Co. NA bought a new stake in Murphy USA during the 2nd quarter valued at about $34,000. Pinebridge Investments L.P. bought a new stake in Murphy USA during the 2nd quarter valued at about $43,000. Finally, LS Investment Advisors LLC bought a new stake in Murphy USA during the 2nd quarter valued at about $51,000. 85.30% of the stock is owned by hedge funds and other institutional investors.

Murphy USA Trading Down 2.1 %

NYSE:MUSA opened at $262.19 on Thursday. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.64 and a current ratio of 1.01. The firm has a market cap of $5.92 billion, a P/E ratio of 9.67 and a beta of 0.86. The firm has a 50-day simple moving average of $283.56 and a 200-day simple moving average of $283.39. Murphy USA Inc. has a one year low of $164.30 and a one year high of $323.00.

Murphy USA (NYSE:MUSAGet Rating) last posted its quarterly earnings data on Wednesday, October 26th. The specialty retailer reported $9.28 EPS for the quarter, topping the consensus estimate of $7.82 by $1.46. The firm had revenue of $6.19 billion during the quarter, compared to analyst estimates of $5.96 billion. Murphy USA had a net margin of 2.91% and a return on equity of 84.93%. Equities analysts anticipate that Murphy USA Inc. will post 26.99 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on MUSA shares. Royal Bank of Canada started coverage on shares of Murphy USA in a report on Wednesday, December 14th. They set a “sector perform” rating and a $360.00 price objective for the company. StockNews.com upgraded shares of Murphy USA from a “buy” rating to a “strong-buy” rating in a report on Thursday, December 22nd. Raymond James boosted their price target on shares of Murphy USA from $315.00 to $335.00 and gave the company an “outperform” rating in a report on Friday, October 28th. The Goldman Sachs Group boosted their price target on shares of Murphy USA from $200.00 to $228.00 and gave the company a “sell” rating in a report on Wednesday, October 19th. Finally, Stephens boosted their price target on shares of Murphy USA from $315.00 to $355.00 and gave the company an “overweight” rating in a report on Friday, October 28th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $316.60.

About Murphy USA

(Get Rating)

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 of December 31, 2021, it operated 1,679 retail gasoline stores principally in the Southeast, Southwest, and Midwest United States.

See Also

Institutional Ownership by Quarter for Murphy USA (NYSE:MUSA)

Receive News & Ratings for Murphy USA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Murphy USA and related companies with MarketBeat.com's FREE daily email newsletter.