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Cheap Gasoline Equals Strong Earnings For Murphy USA

Gasoline convenience store operator Murphy USA's shares have significantly outperformed the S&P 500 since the company was spun-off from parent Murphy Oil Corp. in Q3 2013. The company leveraged its strong retail position, close proximity to Wal-Mart stores, and large ethanol blending operation into substantial earnings beats in Q2 and Q3 2014. While present energy market and regulatory conditions continue to favor the company, the 80% increase in the company's share price that has occurred in the last year prevents its shares from being undervalued even in the event that these favorable conditions remain present throughout 2015. Investors should wait for a better opportunity to purchase shares in this solid…