November 30, 2016 - By Marie Mckinney · 0 Comments
Murphy USA Inc (NYSE:MUSA) institutional sentiment increased to 1.04 in 2016 Q2. Its up 0.22, from 0.82 in 2016Q1. The ratio has increased, as 106 hedge funds increased or started new positions, while 130 cut down and sold equity positions in Murphy USA Inc. The hedge funds in our partner’s database now have: 30.10 million shares, down from 35.30 million shares in 2016Q1. Also, the number of hedge funds holding Murphy USA Inc in their top 10 positions was flat from 6 to 6 for the same number . Sold All: 27 Reduced: 103 Increased: 69 New Position: 37.
Murphy USA Inc. is engaged in the marketing of retail motor fuel products and convenience merchandise through a chain of retail stores. The company has a market cap of $2.61 billion. The Firm operates through the Marketing segment. It has a 13.42 P/E ratio. The Marketing segment includes its retail marketing sites and product supply, and wholesale assets.
About 74,257 shares traded hands. Murphy USA Inc (NYSE:MUSA) has risen 15.38% since April 27, 2016 and is uptrending. It has outperformed by 10.15% the S&P500.
Analysts await Murphy USA Inc (NYSE:MUSA) to report earnings on February, 1. They expect $1.07 earnings per share, up 55.07% or $0.38 from last year’s $0.69 per share. MUSA’s profit will be $40.76 million for 16.01 P/E if the $1.07 EPS becomes a reality. After $1.16 actual earnings per share reported by Murphy USA Inc for the previous quarter, Wall Street now forecasts -7.76% negative EPS growth.
According to Zacks Investment Research, “Murphy USA Inc. is a retailer of gasoline products and convenience store merchandise primarily in the United States. Murphy USA Inc. is headquartered in El Dorado, AR.”
Bancorpsouth Inc holds 8.68% of its portfolio in Murphy USA Inc for 1.05 million shares. Bank Of The Ozarks owns 217,869 shares or 5.86% of their US portfolio. Moreover, Signature Financial Management Inc. has 3.1% invested in the company for 88,991 shares. The Missouri-based Cutter & Co Brokerage Inc. has invested 2.92% in the stock. Southernsun Asset Management Llc, a Tennessee-based fund reported 1.50 million shares.#img1#
Ratings analysis reveals 100% of Murphy USA’s analysts are positive. Out of 3 Wall Street analysts rating Murphy USA, 3 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $77 while the high is $90. The stock’s average target of $83.50 is 21.86% above today’s ($68.52) share price. MUSA was included in 5 notes of analysts from September 8, 2015. The firm has “Buy” rating by Jefferies given on Thursday, June 9. The stock of Murphy USA Inc (NYSE:MUSA) earned “Outperform” rating by Wells Fargo on Monday, October 26. The firm has “Buy” rating given on Wednesday, July 27 by Jefferies. The stock of Murphy USA Inc (NYSE:MUSA) has “Overweight” rating given on Tuesday, September 8 by JP Morgan.
Murphy USA Inc. (Murphy USA), incorporated on March 1, 2013, is engaged in the marketing of retail motor fuel products and convenience merchandise through a chain of retail stores. The Firm operates through the Marketing segment. The Marketing segment includes its retail marketing sites and product supply, and wholesale assets. The Company’s retail stores are located in over 20 states, in the Southwest, Southeast and Midwest United States. Of these stores, over 1,110 are branded Murphy USA and over 220 are standalone Murphy Express locations. The Company’s retail stores under the brand name Murphy USA participate in the Walmart discount program. The Walmart discount program offers a cents-off per gallon purchased for fuel when using specific payment methods as decided by Walmart and Murphy USA. The Company’s Murphy Express branded stores 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. The Company’s business also includes certain product supply and wholesale assets, including product distribution terminals and pipeline positions.
More news for Murphy USA Inc (NYSE:MUSA) were recently published by: Valuewalk.com, which released: “Murphy USA: A Misunderstood Model â€“ Weitz Investment Management” on October 31, 2016. Nasdaq.com‘s article titled: “Oversold Conditions For Murphy USA” and published on November 04, 2016 is yet another important article.
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By Marie Mckinney