Murphy USA Inc (MUSA) reported quarterly earnings results on Wednesday, Aug-3-2016. The company said it had a profit of $1.17 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.19. Analysts had a consensus of $0.98. The company posted revenue of $3005.76 million in the period, compared to analysts expectations of $3101.09 million. The company’s revenue was down -13.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.59 EPS.
Many Wall Street Analysts have commented on Murphy USA Inc. Murphy USA Inc was Downgraded by JP Morgan to ” Neutral” on Aug 1, 2016. Company shares were Reiterated by Jefferies on Jun 9, 2016 to “Buy”, Firm has raised the Price Target to $ 82 from a previous price target of $76 .
Murphy USA Inc closed down -0.67 points or -0.89% at $74.47 with 3,45,118 shares getting traded on Tusday. Post opening the session at $75.24, the shares hit an intraday low of $73.45 and an intraday high of $75.425 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.
In a different news, on May 18, 2016, Thomas M Jr Gattle (director) purchased 500 shares at $63.85 per share price. According to the SEC, 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.