Chilton Investment Tightens Grip on Murphy USA: Increases Stake in Convenience Store Chain

December 12, 2023 : In a strategic move that signals growing confidence in the future of convenience stores, Chilton Investment Co. Inc. has significantly increased its ownership stake in Murphy USA Inc. (NYSE: MUSA). The investment firm, known for its long-term investment strategies and focus on value, purchased an additional 1.8 million shares, bringing its total holdings to 11.8% of Murphy USA’s outstanding common stock. This move underscores the potential of the convenience store chain in an increasingly competitive retail landscape.

Chilton’s investment reflects several key strengths of Murphy USA:

• Strong Performance: The company has consistently delivered strong financial results, boasting robust same-store sales growth, increased customer traffic, and efficient cost management. This performance has translated into positive shareholder returns, making Murphy USA an attractive investment proposition.
• Strategic Expansion: Murphy USA is expanding its footprint, opening new stores and acquiring existing locations. This growth strategy positions the company to capitalize on the rising demand for convenient, accessible fuel and retail options.
• Resilience in a Changing Market: The convenience store industry has proven its resilience in the face of economic challenges, with consumers continuing to prioritize essential products and services offered by these locations. This stability makes Murphy USA a reliable investment even amidst broader market volatility.

Chilton’s investment is not merely a financial maneuver; it signifies confidence in Murphy USA’s leadership and ability to navigate the evolving retail landscape. The convenience store chain, known for its competitive fuel prices and diverse product offerings, is well-positioned to cater to the needs of busy consumers in a time-pressed world.

The increased stake by Chilton also sends a signal to other investors, potentially attracting further interest and boosting Murphy USA’s stock price. This could provide the company with additional capital to fuel its growth plans and further solidify its position as a leading player in the convenience store industry.