Brokerage firm JP Morgan Downgrades its rating on Murphy USA Inc(NYSE:MUSA). The shares have been rated Neutral. Previously, the analysts had a Overweight rating on the shares. The rating by JP Morgan was issued on Aug 1, 2016.
In a different note, 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. On Jun 9, 2016, Jefferies said it Maintains its rating on Murphy USA Inc. In the research note, the firm Raises the price-target to $76.00 per share. The shares have been rated ‘Buy’ by the firm.
Murphy USA Inc (MUSA) shares turned negative on Mondays trading session with the shares closing down -1.39 points or -1.75% at a volume of 3,67,187. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $79.37. The peak price level was also seen at $79.37 while the days lowest was $77.16. Finally the shares closed at $77.9. The 52-week high of the shares is $80.44 while the 52-week low is $47.73. According to the latest information available, the market cap of the company is $3,051 M.
Murphy USA Inc(MUSA) last announced its earnings results on May 9, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $2.49B. Analysts had an estimated revenue of $2.58B. Earnings per share were $0.72. Analysts had estimated an EPS of $0.52.
Several Insider Transactions has been reported to the SEC. On May 18, 2016, Thomas M Jr Gattle (director) purchased 500 shares at $63.85 per share price.Also, On Feb 18, 2016, Marn K Cheng (Senior Vice President) sold 4,093 shares at $61.14 per share price.On Feb 16, 2016, David B Miller (director) purchased 20,000 shares at $57.63 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.