Tag Archives: Murphy USA Spinoff

Murphy Oil Will Remain In The S&P 500 While Murphy USA Will Enter S&P MidCap 400

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Murphy Oil (MUR) is currently a member of the S&P 500 and will remain so even after the spinoff of its retail business, Murphy USA. The new company will end up a little further down the chain though and will replace Strayer Education (STRA) in the S&P MidCap 400 index upon completion of the spin. Strayer will be booted… Read More »

Murphy USA Spinoff Approved And Set For End Of August

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Murphy Oil’s (MUR) board of directors formally approved the spinoff of its US retail marketing business, Murphy USA Inc, recently. The distribution is expected to be tax free and is set for August 30th to shareholders of record on August 21st. The new company will trade on the NYSE under the ticker ‘MUSA’ and MUR shareholders will receive… Read More »