Wells Fargo & Company Cuts Murphy USA (NYSE:MUSA) Price Target to $440.00

Murphy USA (NYSE:MUSA) had its target price decreased by Wells Fargo & Company from $520.00 to $440.00 in a research note published on Friday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the specialty retailer’s stock.

Several other research firms have also commented on MUSA. Jefferies Financial Group lowered Murphy USA from a “buy” rating to a “hold” rating and set a $350.00 price target for the company. in a research report on Friday. Stephens dropped their price target on Murphy USA from $530.00 to $475.00 and set an “overweight” rating for the company in a research report on Friday, May 9th. KeyCorp dropped their price target on Murphy USA from $500.00 to $480.00 and set an “overweight” rating for the company in a research report on Friday, July 25th. Wall Street Zen lowered Murphy USA from a “buy” rating to a “hold” rating in a research report on Friday, May 9th. Finally, Raymond James Financial lowered Murphy USA from an “outperform” rating to a “market perform” rating in a research report on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $476.29.

Murphy USA Trading Down 0.1%

Shares of Murphy USA stock opened at $361.96 on Friday. The firm has a market cap of $7.15 billion, a price-to-earnings ratio of 14.99 and a beta of 0.42. The business has a 50-day moving average price of $416.84 and a 200-day moving average price of $454.80. The company has a quick ratio of 0.39, a current ratio of 0.80 and a debt-to-equity ratio of 3.20. Murphy USA has a twelve month low of $345.23 and a twelve month high of $561.08.

Murphy USA (NYSE:MUSA) last issued its quarterly earnings data on Wednesday, July 30th. The specialty retailer reported $7.36 earnings per share for the quarter, beating analysts’ consensus estimates of $6.82 by $0.54. The firm had revenue of $5.01 billion during the quarter, compared to analyst estimates of $5.17 billion. Murphy USA had a return on equity of 64.63% and a net margin of 2.52%. The business’s quarterly revenue was down 8.2% compared to the same quarter last year. During the same quarter last year, the business posted $6.92 earnings per share. Equities research analysts anticipate that Murphy USA will post 26.45 EPS for the current fiscal year.

Insider Activity

In other Murphy USA news, Director David C. Haley bought 1,000 shares of the company’s stock in a transaction on Tuesday, May 27th. The stock was acquired at an average price of $435.58 per share, for a total transaction of $435,580.00. Following the completion of the transaction, the director directly owned 1,000 shares of the company’s stock, valued at approximately $435,580. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 10.12% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. OneDigital Investment Advisors LLC purchased a new position in shares of Murphy USA during the first quarter valued at approximately $241,000. Golden State Wealth Management LLC bought a new stake in shares of Murphy USA during the first quarter valued at approximately $40,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Murphy USA during the first quarter valued at approximately $3,683,000. SG Americas Securities LLC raised its stake in shares of Murphy USA by 21.1% during the first quarter. SG Americas Securities LLC now owns 1,210 shares of the specialty retailer’s stock valued at $568,000 after acquiring an additional 211 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd raised its stake in shares of Murphy USA by 81.9% during the first quarter. Y Intercept Hong Kong Ltd now owns 1,812 shares of the specialty retailer’s stock valued at $851,000 after acquiring an additional 816 shares in the last quarter. Hedge funds and other 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.