Murphy USA (NYSE:MUSA – Get Free Report) is set to announce its earnings results after the market closes on Wednesday, November 1st. Analysts expect the company to announce earnings of $5.95 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.
Murphy USA (NYSE:MUSA – Get Free Report) last released its earnings results on Wednesday, August 2nd. The specialty retailer reported $6.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.09 by ($0.07). Murphy USA had a net margin of 2.59% and a return on equity of 80.20%. The company had revenue of $5.59 billion during the quarter, compared to analysts’ expectations of $5.61 billion. On average, analysts expect Murphy USA to post $22 EPS for the current fiscal year and $22 EPS for the next fiscal year.
Murphy USA Price Performance
Murphy USA stock opened at $353.33 on Wednesday. Murphy USA has a 1 year low of $231.65 and a 1 year high of $372.63. The company has a market cap of $7.58 billion, a price-to-earnings ratio of 13.96 and a beta of 0.77. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.51 and a current ratio of 0.94. The firm has a 50 day moving average price of $336.74 and a 200 day moving average price of $307.43.
Murphy USA Increases Dividend
Analysts Set New Price Targets
MUSA has been the subject of a number of research reports. Royal Bank of Canada decreased their target price on Murphy USA from $362.00 to $360.00 and set a “sector perform” rating for the company in a report on Thursday, August 3rd. StockNews.com began coverage on shares of Murphy USA in a research note on Thursday, October 5th. They set a “buy” rating for the company. Wells Fargo & Company boosted their price objective on shares of Murphy USA from $330.00 to $385.00 and gave the stock an “overweight” rating in a research note on Monday, September 25th. Finally, Stephens reiterated an “overweight” rating and set a $370.00 price objective on shares of Murphy USA in a research note on Thursday, August 3rd. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $355.00.
Read Our Latest Stock Analysis on MUSA
Insider Activity
In other news, CEO R Andrew Clyde sold 32,173 shares of Murphy USA stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $311.23, for a total transaction of $10,013,202.79. Following the sale, the chief executive officer now owns 172,729 shares in the company, valued at $53,758,446.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO R Andrew Clyde sold 32,173 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $311.23, for a total transaction of $10,013,202.79. Following the completion of the sale, the chief executive officer now directly owns 172,729 shares in the company, valued at $53,758,446.67. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Christopher A. Click sold 700 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $302.31, for a total value of $211,617.00. The disclosure for this sale can be found here. Insiders have sold 70,815 shares of company stock worth $22,153,785 over the last 90 days. Company insiders own 9.47% of the company’s stock.
Hedge Funds Weigh In On Murphy USA
Several institutional investors and hedge funds have recently made changes to their positions in the business. Covington Capital Management bought a new position in shares of Murphy USA during the third quarter worth about $61,000. State of Wyoming lifted its position in shares of Murphy USA by 14.2% during the fourth quarter. State of Wyoming now owns 370 shares of the specialty retailer’s stock worth $103,000 after purchasing an additional 46 shares during the last quarter. SRS Capital Advisors Inc. bought a new position in shares of Murphy USA during the first quarter worth about $109,000. Covestor Ltd raised its position in shares of Murphy USA by 110.0% during the 1st quarter. Covestor Ltd now owns 548 shares of the specialty retailer’s stock valued at $110,000 after acquiring an additional 287 shares in the last quarter. Finally, First Manhattan Co. raised its position in shares of Murphy USA by 7.6% during the 4th quarter. First Manhattan Co. now owns 710 shares of the specialty retailer’s stock valued at $198,000 after acquiring an additional 50 shares in the last quarter. 83.95% of the stock is currently owned by hedge funds and other institutional investors.
Murphy USA Company Profile
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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