SCHEDULE: FMR LLC Discloses 5.9% Stake in Murphy USA Inc.
Beneficial Ownership Disclosure
FMR LLC and Abigail P. Johnson have reported a 5.9% beneficial ownership stake in Murphy USA Inc. common stock as of September 30, 2025.
Summary
- FMR LLC and Abigail P. Johnson jointly filed a Schedule 13G, disclosing beneficial ownership of 1,140,239.33 shares of Murphy USA Inc. common stock.
- This ownership represents 5.9% of the total outstanding common stock of Murphy USA Inc.
- The filing indicates that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
- FMR LLC holds sole voting power over 985,291.53 shares and sole dispositive power over 1,140,239.33 shares.
- Abigail P. Johnson, a Director, Chairman, and CEO of FMR LLC, also reports sole dispositive power over 1,140,239.33 shares.
- Several FMR LLC subsidiaries, including investment advisers (FIAM LLC, Fidelity Diversifying Solutions LLC, Fidelity Management & Research Company LLC, Strategic Advisers LLC) and a bank (Fidelity Institutional Asset Management Trust Company), are identified as entities beneficially owning shares.
Sentiment
Score: 5
Explanation: This is a neutral, factual filing about beneficial ownership, with no inherent positive or negative sentiment regarding the issuer's performance or prospects.
Future Outlook
The filing does not provide specific forward-looking statements or guidance regarding Murphy USA Inc.'s operations or financial performance, focusing solely on beneficial ownership disclosure.
Management Comments
- "The securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities."
Industry Context
This filing represents a routine disclosure by a large institutional asset manager, FMR LLC (Fidelity), of a passive investment stake in Murphy USA Inc., a retail gasoline and convenience store operator. Such disclosures are common for major investment firms managing diversified portfolios and typically do not signal specific strategic moves related to the issuer's industry position.
Comparison to Industry Standards
- FMR LLC, as a major institutional investor, routinely holds significant stakes (5% or more) in numerous publicly traded companies across various sectors, including retail and energy, as part of its diversified investment strategies.
- The 5.9% stake in Murphy USA Inc. is consistent with the passive investment approach often taken by large asset managers, contrasting with activist investors who might acquire similar stakes with the intent to influence management or corporate strategy.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Ownership Structure Clarification | Members of the Johnson family, including Abigail P. Johnson, are the predominant owners of Series B voting common shares of FMR LLC, representing 49% of the voting power. A shareholders' voting agreement ensures all Series B shares are voted in accordance with the majority, potentially forming a controlling group with respect to FMR LLC under the Investment Company Act of 1940. | Clarifies the ultimate control structure of FMR LLC, the reporting entity, which is relevant for understanding the beneficial ownership chain. |
Related Party Transactions
- Abigail P. Johnson is a Director, the Chairman, and the Chief Executive Officer of FMR LLC, and is part of the Johnson family, who are predominant owners of FMR LLC's voting shares. This establishes a direct relationship between the two reporting persons.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional ownership stake, which can be a signal of institutional confidence, though this filing explicitly states a passive investment intent.
- Management: Confirms a significant, but passive, institutional investor is monitoring the company, without indicating any intent to influence management or strategy.
Key Dates
| Date | Description |
|---|---|
| 01/03/2023 | Effective date of Power of Attorney for FMR LLC. |
| 01/26/2023 | Effective date of Power of Attorney for Abigail P. Johnson. |
| 09/30/2025 | Date of event which required the filing of this statement, indicating the ownership threshold was met. |
| 11/04/2025 | Date the Schedule 13G was signed and filed. |
Keywords
Murphy USA Inc., MUSA, FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Institutional Investor, Common Stock, SEC Filing
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.