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S&P 500   3,335.47 (-0.48%)
DOW   27,452.66 (-0.48%)
QQQ   275.95 (-0.45%)
AAPL   114.09 (-0.76%)
MSFT   207.26 (-1.04%)
FB   261.79 (+1.94%)
GOOGL   1,466.02 (+0.50%)
AMZN   3,144.88 (-0.92%)
TSLA   419.07 (-0.51%)
NVDA   529.03 (+1.46%)
BABA   276.93 (+0.33%)
CGC   14.50 (+2.04%)
GE   6.12 (-1.29%)
MU   50.71 (+1.99%)
AMD   81.77 (+2.88%)
T   28.30 (-0.28%)
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GILD   62.10 (-1.19%)
NFLX   493.48 (+0.58%)
DIS   125.40 (-0.47%)
BA   163.60 (-1.49%)
BAC   23.77 (-1.33%)
S&P 500   3,335.47 (-0.48%)
DOW   27,452.66 (-0.48%)
QQQ   275.95 (-0.45%)
AAPL   114.09 (-0.76%)
MSFT   207.26 (-1.04%)
FB   261.79 (+1.94%)
GOOGL   1,466.02 (+0.50%)
AMZN   3,144.88 (-0.92%)
TSLA   419.07 (-0.51%)
NVDA   529.03 (+1.46%)
BABA   276.93 (+0.33%)
CGC   14.50 (+2.04%)
GE   6.12 (-1.29%)
MU   50.71 (+1.99%)
AMD   81.77 (+2.88%)
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DOW   27,452.66 (-0.48%)
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AAPL   114.09 (-0.76%)
MSFT   207.26 (-1.04%)
FB   261.79 (+1.94%)
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AMZN   3,144.88 (-0.92%)
TSLA   419.07 (-0.51%)
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BABA   276.93 (+0.33%)
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GE   6.12 (-1.29%)
MU   50.71 (+1.99%)
AMD   81.77 (+2.88%)
T   28.30 (-0.28%)
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ACB   4.68 (-2.09%)
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NFLX   493.48 (+0.58%)
DIS   125.40 (-0.47%)
BA   163.60 (-1.49%)
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Murphy USA Inc (NYSE:MUSA) SVP Terry P. Hatten Sells 646 Shares

Last updated on Tuesday, September 22, 2020 | 2020 MarketBeat

Murphy USA Inc (NYSE:MUSA) SVP Terry P. Hatten sold 646 shares of Murphy USA stock in a transaction on Friday, September 18th. The stock was sold at an average price of $135.46, for a total transaction of $87,507.16. Following the sale, the senior vice president now directly owns 2,000 shares of the company's stock, valued at approximately $270,920. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

NYSE MUSA traded up $0.33 on Tuesday, reaching $135.50. The company had a trading volume of 209,147 shares, compared to its average volume of 401,882. The firm has a market capitalization of $3.95 billion, a price-to-earnings ratio of 10.95 and a beta of 1.02. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.05 and a current ratio of 1.52. Murphy USA Inc has a 1-year low of $78.75 and a 1-year high of $144.09. The company's fifty day moving average is $138.09 and its 200-day moving average is $116.77.

Murphy USA (NYSE:MUSA) last announced its earnings results on Tuesday, July 21st. The specialty retailer reported $5.73 earnings per share for the quarter, topping the Zacks' consensus estimate of $4.31 by $1.42. The firm had revenue of $2.38 billion during the quarter, compared to analyst estimates of $2.57 billion. Murphy USA had a net margin of 2.96% and a return on equity of 47.64%. The company's revenue for the quarter was down 37.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.01 EPS. On average, research analysts forecast that Murphy USA Inc will post 12.77 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its stake in Murphy USA by 11.1% in the 1st quarter. JPMorgan Chase & Co. now owns 1,183,088 shares of the specialty retailer's stock worth $99,805,000 after purchasing an additional 118,131 shares during the period. State Street Corp lifted its position in Murphy USA by 1.8% during the 1st quarter. State Street Corp now owns 1,030,865 shares of the specialty retailer's stock worth $86,964,000 after buying an additional 18,383 shares in the last quarter. Clearbridge Investments LLC lifted its position in Murphy USA by 4.3% during the 1st quarter. Clearbridge Investments LLC now owns 683,957 shares of the specialty retailer's stock worth $57,699,000 after buying an additional 28,078 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its position in Murphy USA by 660.8% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 652,993 shares of the specialty retailer's stock worth $73,520,000 after buying an additional 567,165 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in Murphy USA by 21.8% during the 1st quarter. Victory Capital Management Inc. now owns 617,443 shares of the specialty retailer's stock worth $52,087,000 after buying an additional 110,457 shares in the last quarter. 84.71% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have recently issued reports on MUSA. Zacks Investment Research raised shares of Murphy USA from a "hold" rating to a "strong-buy" rating and set a $142.00 price target for the company in a report on Friday, July 31st. Stephens boosted their price target on shares of Murphy USA from $130.00 to $157.00 in a report on Wednesday, June 10th. Finally, ValuEngine raised shares of Murphy USA from a "strong sell" rating to a "sell" rating in a report on Friday, August 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of "Hold" and an average target price of $122.00.

About Murphy USA

Murphy USA Inc operates a chain of retail stores in the United States. The company's retail stores offer motor fuel products and convenience merchandise. It operates retail stores under the Murphy USA and Murphy Express brand names. As of December 31, 2018, the company operated approximately 1,474 retail stores, including 1,160 Murphy USA and 312 are standalone Murphy Express stores located primarily in the Southwest, Southeast, and Midwest United States.

See Also: Market Capitalization and Individual Investors

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6 Stocks Riding the Coattails of Nikola Motor

Since its initial public offering on June 4, shares of Nikola (NASDAQ: NKLA) have surged over 130%. NKLA stock has cooled down since then and is now trading at just over a 60% premium from its IPO price of $34 per share.

Nikola isn’t alone. The entire electric vehicle (EV) market is on a tear. In addition to the surge in Nikola stock, Tesla (NASDAQ: TSLA) stock is up over 93% and Nio (NYSE: NIO) stock has climbed nearly over 160% in the same time period. But while Tesla and Nio are actually producing cars, Nikola does not even have a plant built.

With all that said, the allure of Nikola is easy to see. The company is planning on building a fleet of hydrogen fuel cell trucks powered by hydrogen fueling stations from sea to shining sea. At least that’s the plan. But that plan is years away. The company won’t even have a fuel cell truck available until 2023 at the earliest.

And while the United States has 39 hydrogen fueling stations, it’s an expensive, complicated venture. But that’s been the problem with hydrogen for nearly two decades. And that has some investors wondering what the company’s chief executive officer (CEO) Trevor Milton is really selling.

Leaving aside the question of whether Nikola is riding the coattails of Tesla, Nikola is beginning to create some significant coattails of its own. And there’s a reason for this. While Nikola is planning to compete with Tesla in the electric car arena, it’s also covering a specific niche with a semi-truck that will run on a hydrogen fuel cell.

View the "6 Stocks Riding the Coattails of Nikola Motor".

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