S&P Dow Jones Indices has announced changes to its indices effective before trading opened on Tuesday, 26 November 2024, following corporate actions and market capitalisation shifts:
- Texas Pacific Land Corp., currently part of the S&P MidCap 400, will replace Marathon Oil Corp. in the S&P 500. This move aligns with Texas Pacific Land’s market capitalisation, which is more representative of the large-cap market space. Marathon Oil is being removed due to its acquisition by ConocoPhillips.
- Mueller Industries Inc., presently listed on the S&P SmallCap 600, will replace Texas Pacific Land in the S&P MidCap 400, reflecting its suitability for the mid-cap market category.
- Atlas Energy Solutions Inc. will join the S&P SmallCap 600, replacing Mueller Industries.
These adjustments underscore the alignment of index constituents with their respective market capitalisation and sector classifications.
Summary of Changes
| Effective Date | Index Name | Action | Company | Ticker | GICS Sector |
|---|---|---|---|---|---|
| 26 November 2024 | S&P 500 | Addition | Texas Pacific Land | TPL | Energy |
| 26 November 2024 | S&P 500 | Deletion | Marathon Oil | MRO | Energy |
| 26 November 2024 | S&P MidCap 400 | Addition | Mueller Industries | MLI | Industrials |
| 26 November 2024 | S&P MidCap 400 | Deletion | Texas Pacific Land | TPL | Energy |
| 26 November 2024 | S&P SmallCap 600 | Addition | Atlas Energy Solutions | AESI | Energy |
| 26 November 2024 | S&P SmallCap 600 | Deletion | Mueller Industries | MLI | Industrials |
For more information visit website at www.spdji.com
