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

Murphy USA (NYSE:MUSAFree Report) had its price objective raised by Wells Fargo & Company from $395.00 to $440.00 in a report issued on Friday morning, Benzinga reports. Wells Fargo & Company currently has an overweight rating on the specialty retailer’s stock.

Several other brokerages also recently issued reports on MUSA. Royal Bank of Canada boosted their price target on shares of Murphy USA from $382.00 to $408.00 and gave the company a sector perform rating in a report on Thursday. The Goldman Sachs Group boosted their price target on shares of Murphy USA from $252.00 to $280.00 and gave the company a sell rating in a report on Thursday, October 26th. Stephens reissued an overweight rating and set a $425.00 price target on shares of Murphy USA in a report on Thursday. Finally, Jefferies Financial Group raised shares of Murphy USA from a hold rating to a buy rating and upped their price objective for the stock from $375.00 to $425.00 in a report on Thursday, January 4th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus price target of $395.60.

View Our Latest Research Report on Murphy USA

Murphy USA Price Performance

Murphy USA stock opened at $393.71 on Friday. Murphy USA has a 12-month low of $231.65 and a 12-month high of $404.93. The stock has a market capitalization of $8.38 billion, a P/E ratio of 15.43 and a beta of 0.74. The firm’s 50-day moving average is $364.67 and its two-hundred day moving average is $349.53. The company has a debt-to-equity ratio of 2.15, a current ratio of 0.95 and a quick ratio of 0.61.

Murphy USA (NYSE:MUSAGet Free Report) last posted its quarterly earnings data on Wednesday, February 7th. The specialty retailer reported $7.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.79 by $1.21. The company had revenue of $5.07 billion for the quarter, compared to analyst estimates of $5.32 billion. Murphy USA had a net margin of 2.59% and a return on equity of 70.92%. The business’s quarterly revenue was down 5.5% on a year-over-year basis. During the same quarter last year, the firm posted $5.21 earnings per share. Equities analysts predict that Murphy USA will post 24.9 earnings per share for the current year.

Insiders Place Their Bets

In other Murphy USA news, SVP Jennifer Bridges sold 2,268 shares of the business’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $365.41, for a total value of $828,749.88. Following the sale, the senior vice president now directly owns 2,850 shares in the company, valued at $1,041,418.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Murphy USA news, CMO Renee M. Bacon sold 7,206 shares of Murphy USA stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $367.51, for a total transaction of $2,648,277.06. Following the transaction, the chief marketing officer now owns 3,083 shares of the company’s stock, valued at approximately $1,133,033.33. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Jennifer Bridges sold 2,268 shares of Murphy USA stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $365.41, for a total value of $828,749.88. Following the transaction, the senior vice president now directly owns 2,850 shares in the company, valued at approximately $1,041,418.50. The disclosure for this sale can be found here. 9.04% of the stock is owned by company insiders.

Hedge Funds Weigh In On Murphy USA

Institutional investors and hedge funds have recently bought and sold shares of the business. UMB Bank n.a. grew its stake 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 valued at $25,000 after buying an additional 46 shares in the last quarter. Cullen Frost Bankers Inc. bought a new stake in shares of Murphy USA in the 4th quarter valued at approximately $25,000. Pinebridge Investments L.P. grew its stake in shares of Murphy USA by 136.1% in the 2nd quarter. Pinebridge Investments L.P. now owns 85 shares of the specialty retailer’s stock valued at $26,000 after buying an additional 49 shares in the last quarter. JFS Wealth Advisors LLC grew its stake in shares of 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 in the last quarter. Finally, First Horizon Advisors Inc. grew its stake in shares of Murphy USA by 70.8% in the 2nd quarter. First Horizon Advisors Inc. now owns 111 shares of the specialty retailer’s stock valued at $35,000 after buying an additional 46 shares in the last quarter. Hedge funds and other institutional investors own 83.95% of the company’s stock.

About Murphy USA

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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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Analyst Recommendations for Murphy USA (NYSE:MUSA)

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