Separate Murphy Entities Allow Tight Focus for Both

by Luke Jones  on Monday, Sep. 23, 2013 12:00 am  

Murphy USA, then, won’t have to worry about that issue and can instead focus entirely on sales and marketing.

Not all analysts are as positive as Gheit. Zacks Investment Research rates Murphy Oil stock as “hold,” lauding the spinoff but warning investors about the volatility of prices on fuel products.

Growth

Murphy USA, Gheit said, will be able to grow much faster than it could as part of Murphy Oil, but the retail network was growing anyway.

A spokeswoman for Murphy USA said the company has 1,179 retail stores across the country as of June 30. That’s 25 more than in December, when the company announced a plan to add 200 more stations at Wal-Mart stores.

The company broke ground for a new “flagship” store in El Dorado on Sept. 9.

Also, in May, Clyde told shareholders that the company was working on adding 40 new Murphy Express locations, which are stand-alone fueling stations not connected to Wal-Mart stores.

The spokeswoman declined to comment on the progress of both of these expansion plans.

Murphy Oil’s stock value has crept up through the summer. It had a low of $45.57 in April and is trading above $62 last week.

Murphy USA stocks closed at $37.51 at the end of the first day of trading after Labor Day. The stock initially fell to a low of $36.12, but has since climbed above $40.

 

 

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