Jefferies Maintains Murphy USA Inc to Buy with Price Target $89.00

Brokerage firm Jefferies Maintains its rating on Murphy USA Inc(NYSE:MUSA). In a research note issued to the investors, the brokerage major Lowers the price-target to $89.00 per share. The shares have been rated Buy. The rating by Jefferies was issued on Sep 30, 2016.

In a different note, On Aug 1, 2016, JP Morgan said it Downgrades its rating on Murphy USA Inc. The shares have been rated ‘Neutral’ by the firm. On Jul 27, 2016, Jefferies said it Maintains its rating on Murphy USA Inc. In the research note, the firm Raises the price-target to $82.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 12, 2016, Stephens & Co. said it Downgrades its rating on Murphy USA Inc. The shares have been rated ‘Equal-weight’ by the firm.

Murphy USA Inc (MUSA) made into the market gainers list on Tuesdays trading session with the shares advancing 1.24% or 0.88 points. Due to strong positive momentum, the stock ended at $72.09, which is also near the day’s high of $72.74. The stock began the session at $71.39 and the volume stood at 2,45,701 shares. The 52-week high of the shares is $80.44 and the 52 week low is $51.68. The company has a current market capitalization of $2,823 M and it has 3,91,63,458 shares in outstanding.

Murphy USA Inc(MUSA) last announced its earnings results on Aug 3, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $3.01B. Analysts had an estimated revenue of $3.15B. Earnings per share were $1.17. Analysts had estimated an EPS of $1.05.

Several Insider Transactions has been reported to the SEC. On Aug 10, 2016, John A Moore (SVP) sold 5,290 shares at $78.05 per share price.Also, On Aug 10, 2016, Malynda K West (EVP, CFO & Treasurer) sold 9,463 shares at $77.54 per share price.On Aug 10, 2016, Robert Madison Murphy (director) purchased 6,037 shares at $48.68 per share price, according to the Form-4 filing with the securities and exchange commission.

Murphy USA Inc. (Murphy USA) is a retail marketing company. The Company’s business consists of the marketing of retail motor fuel products and convenience merchandise through a chain of retail stations operated by it which are in close proximity to Walmart stores. Its retail stations are located in approximately 23 states in the Southwest Southeast and Midwest United States. Of these stations 1056 are branded Murphy USA and 207 are standalone Murphy Express locations. Its retail stations under the brand name Murphy USA participate in the Walmart discount program. Its Murphy Express branded stations are not connected to the Walmart discount program but are otherwise similar to the Murphy USA sites including the types of fuel and merchandise offerings available to its customers. Its business also includes certain product supply and wholesale assets including product distribution terminals and pipeline positions.

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