Murphy USA Set to Join S&P MidCap 400; Strayer Education, Flotek Industries to Join S&P SmallCap 600

NEW YORK, Aug. 22, 2013 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and SmallCap 600 indices:

• Murphy USA Inc. (NYSE:MUSAwi) will replace Strayer Education Inc. (NASD:STRA) in the S&P MidCap 400, and Strayer Education will replace STR Holdings Inc. (NYSE:STRI) in the S&P SmallCap 600 after the close of trading on Friday, August 30. S&P 500 constituent Murphy Oil Inc. (NYSE:MUR) is spinning off Murphy USA to shareholders in a transaction expected to be completed on or about that date. Murphy Oil will remain in the S&P 500. Strayer's market capitalization is more representative of the small cap market space. STR Holdings is ranked #600 in the S&P SmallCap 600 and is no longer appropriate for that index.
• Flotek Industries Inc. (NYSE:FTK) will replace Buckeye Technologies Inc. (NYSE:BKI) in the S&P SmallCap 600 after the close of trading on Monday, August 26. Georgia Pacific LLC is acquiring Buckeye Technologies in a deal expected to be completed on August 23.

Murphy USA markets retail motor fuel products and convenience merchandise. Headquartered in El Dorado, AR, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Automotive Retail Sub-Industry index.

Strayer Education provides post-secondary education services for working adults. Headquartered in Herndon, VA, the company will be added to the S&P SmallCap 600 GICS Education Services Sub-Industry index.

Flotek Industries engages in the research, development, design, and supply of drilling and production related products and services. Headquartered in Houston, TX, the company will be added to the S&P SmallCap 600 GICS Specialty Chemicals Sub-Industry index.

Following is a summary of the changes:

Additions to and deletions from S&P  Dow Jones Indices do not in any way reflect an opinion on the investment merits of the companies involved.

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For more information:
Dave Guarino
Communications
S&P Dow Jones Indices
dave.guarino@spdji.com
(212) 438-1471

David Blitzer
Managing Director and Chairman of the Index Committee
S&P Dow Jones Indices
david.blitzer@spdji.com 
(212) 438-3907

SOURCE S&P Dow Jones Indices