StockNews.com cut shares of Murphy USA (NYSE:MUSA - Free Report) from a buy rating to a hold rating in a report released on Wednesday morning.
Murphy USA Trading Up 0.0 %
Shares of MUSA stock traded up $0.04 on Wednesday, hitting $503.67. 284,405 shares of the company's stock traded hands, compared to its average volume of 162,160. The company has a debt-to-equity ratio of 2.19, a quick ratio of 0.41 and a current ratio of 0.80. The stock has a market capitalization of $10.20 billion, a price-to-earnings ratio of 20.78 and a beta of 0.80. The company's fifty day simple moving average is $513.12 and its 200 day simple moving average is $506.98. Murphy USA has a one year low of $350.55 and a one year high of $561.08.
Murphy USA (NYSE:MUSA - Get Free Report) last released its earnings results 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. Murphy USA had a return on equity of 62.73% and a net margin of 2.48%. The company had revenue of $5.24 billion during the quarter, compared to analyst estimates of $5.54 billion. During the same quarter in the previous year, the company posted $7.69 EPS. Murphy USA's revenue for the quarter was down 9.6% on a year-over-year basis. Equities analysts forecast that Murphy USA will post 23.62 EPS for the current year.
Institutional Investors Weigh In On Murphy USA
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Stifel Financial Corp boosted its holdings in Murphy USA by 22.2% in the third quarter. Stifel Financial Corp now owns 8,385 shares of the specialty retailer's stock valued at $4,133,000 after acquiring an additional 1,526 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of Murphy USA during the 4th quarter valued at about $11,529,000. Oak Thistle LLC purchased a new position in shares of Murphy USA during the fourth quarter valued at about $1,207,000. Assetmark Inc. raised its stake in Murphy USA by 6.1% in the third quarter. Assetmark Inc. now owns 35,240 shares of the specialty retailer's stock worth $17,369,000 after buying an additional 2,028 shares in the last quarter. Finally, CWA Asset Management Group LLC purchased a new stake in Murphy USA in the third quarter worth about $1,573,000. 80.81% of the stock is currently owned by institutional investors.
About Murphy USA
(
Get Free Report)
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.
Featured Articles
Before you consider Murphy USA, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Murphy USA wasn't on the list.
While Murphy USA currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
