Murphy USA Inc
MUSA: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$134.00 | Yfkbwm | Vfmnjxnl |
Murphy USA: Highly Efficient Store Base and Favorable Real Estate Position Drive Narrow Moat Rating
We are initiating coverage on Murphy USA with a $420 fair value estimate and a narrow moat rating. Murphy is poised to benefit from a structurally higher fuel margin environment (currently around 30 cents per gallon) and modest in-store sales growth as the convenience store industry gradually consolidates. Still, we think shares currently look overvalued.