Wells Fargo & Company Issues Pessimistic Forecast for Murphy USA (NYSE:MUSA) Stock Price

Murphy USA (NYSE:MUSA) had its price objective decreased by stock analysts at Wells Fargo & Company from $555.00 to $550.00 in a research report issued on Friday,Benzinga reports. The firm presently has an “overweight” rating on the specialty retailer’s stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 11.85% from the stock’s previous close.

Several other research firms also recently issued reports on MUSA. Royal Bank of Canada raised their price target on shares of Murphy USA from $550.00 to $554.00 and gave the company a “sector perform” rating in a research note on Thursday. StockNews.com lowered Murphy USA from a “buy” rating to a “hold” rating in a research report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $510.80.

Murphy USA Trading Down 1.5 %

Shares of NYSE:MUSA opened at $491.74 on Friday. Murphy USA has a 12-month low of $371.30 and a 12-month high of $561.08. The business has a 50 day moving average of $509.52 and a 200-day moving average of $507.16. The stock has a market cap of $9.96 billion, a PE ratio of 20.29 and a beta of 0.79. The company has a quick ratio of 0.41, a current ratio of 0.80 and a debt-to-equity ratio of 2.19.

Murphy USA (NYSE:MUSA) last announced its quarterly earnings data on Wednesday, February 5th. The specialty retailer reported $6.96 EPS for the quarter, beating the consensus estimate of $6.46 by $0.50. Murphy USA had a net margin of 2.48% and a return on equity of 62.73%. As a group, equities research analysts forecast that Murphy USA will post 23.62 earnings per share for the current year.

Institutional Investors Weigh In On Murphy USA

Several institutional investors and hedge funds have recently bought and sold shares of MUSA. Edgestream Partners L.P. purchased a new stake in Murphy USA during the 4th quarter valued at $4,060,000. Callan Family Office LLC bought a new stake in Murphy USA in the 4th quarter worth approximately $2,536,000. Raymond James Financial Inc. bought a new position in Murphy USA in the fourth quarter worth approximately $53,777,000. Proficio Capital Partners LLC bought a new position in shares of Murphy USA during the 4th quarter valued at approximately $5,042,000. Finally, Atria Investments Inc grew its position in shares of Murphy USA by 15.3% during the fourth quarter. Atria Investments Inc now owns 1,924 shares of the specialty retailer’s stock worth $965,000 after purchasing an additional 255 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.