Murphy USA (MUSA) Bond Prices Fall 1%
An issue of Murphy USA Inc (NYSE:MUSA) bonds fell 1% as a percentage of their face value during trading on Monday. The debt issue has a 5.625% coupon and will mature on May 1, 2027. The bonds in the issue are now trading at $102.53 and were trading at $102.75 one week ago. Price changes in a company’s bonds in credit markets often anticipate parallel changes in its stock price.
MUSA has been the subject of a number of analyst reports. Wells Fargo & Co upped their price objective on Murphy USA and gave the stock a “market perform” rating in a research note on Thursday, January 4th. ValuEngine upgraded Murphy USA from a “hold” rating to a “buy” rating in a research note on Friday, November 10th. Zacks Investment Research cut Murphy USA from a “hold” rating to a “sell” rating in a research note on Tuesday, October 24th. Gabelli cut Murphy USA from a “buy” rating to a “hold” rating and set a $92.00 price objective for the company. in a research note on Thursday, January 11th. Finally, Stephens set a $85.00 target price on Murphy USA and gave the company a “hold” rating in a research report on Tuesday, January 16th. One analyst has rated the stock with a sell rating, six have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. Murphy USA presently has an average rating of “Hold” and an average target price of $93.25.
Shares of Murphy USA Inc (MUSA) traded up $0.39 during trading hours on Wednesday, reaching $74.87. The company had a trading volume of 49,968 shares, compared to its average volume of 393,879. Murphy USA Inc has a 12 month low of $62.76 and a 12 month high of $89.69. The firm has a market cap of $2,459.36, a price-to-earnings ratio of 16.55, a P/E/G ratio of 1.72 and a beta of 0.77. The company has a quick ratio of 0.81, a current ratio of 1.15 and a debt-to-equity ratio of 1.17.
Large investors have recently made changes to their positions in the stock. Zions Bancorporation acquired a new position in Murphy USA during the 3rd quarter valued at about $106,000. Tower Research Capital LLC TRC increased its position in Murphy USA by 657.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,561 shares of the specialty retailer’s stock valued at $126,000 after buying an additional 1,355 shares in the last quarter. Assetmark Inc. acquired a new position in Murphy USA during the 4th quarter valued at about $134,000. Amundi Pioneer Asset Management Inc. acquired a new position in Murphy USA during the 4th quarter valued at about $145,000. Finally, State of Alaska Department of Revenue acquired a new position in Murphy USA during the 4th quarter valued at about $158,000. 96.36% of the stock is currently owned by institutional investors.
About Murphy USA
Murphy USA Inc is engaged in the marketing of retail motor fuel products and merchandise through a chain of retail stores. The Company operates through the Marketing segment. The Marketing segment includes its retail marketing sites and product supply, and wholesale assets. As of December 31, 2016, its retail stores were located in 26 states, primarily in the Southwest, Southeast and Midwest the United States.
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