Buckeye Partners LP (NYSE:BPL) on Focus After Report of Less Shorts

Jeannie Matthews
January 14, 2018

In related news, SVP Joseph Sauger sold 5,481 shares of the company's stock in a transaction dated Monday, December 4th. The institutional investor held 242,822 shares of the natural gas distribution company at the end of 2017Q3, valued at $13.84 million, up from 209,380 at the end of the previous reported quarter. Buckeye Partners LP now has $4.63 billion valuation. The stock increased 0.92% or $0.49 during the last trading session, reaching $54. Moreover, Chapter Iv Investors Limited Liability Corporation has 18.94% invested in Rice Energy (NYSE:RICE) for 1.26 million shares. Buckeye Partners, L.P. (NYSE:BPL) has declined 5.99% since January 12, 2017 and is downtrending. It has underperformed by 24.96% the S&P500. 2,672 were accumulated by Advisors Asset Inc. Pnc Financial Services Group Inc sold 7,240 shares as the company's stock declined 5.01% while stock markets rallied. Chicago Partners Investment Group LLC now owns 112,844 shares of the pipeline company's stock valued at $6,432,000 after purchasing an additional 19,335 shares in the last quarter. Efg Asset Management Americas Corp who had been investing in Cisco Sys Inc for a number of months, seems to be less bullish one the $202.05 billion market cap company. It has underperformed by 3.50% the S&P500.

Media coverage about Buckeye Partners (NYSE:BPL) has been trending somewhat positive on Friday, Accern Sentiment reports. SunTrust Banks set a $58.00 price target on shares of Buckeye Partners and gave the stock a "hold" rating in a research report on Tuesday, November 14th. Therefore 40% are positive. During the same period in the previous year, the firm earned $1.19 earnings per share. equities analysts forecast that Buckeye Partners will post 3.37 earnings per share for the current fiscal year. The rating was maintained by Stifel Nicolaus on Wednesday, October 26 with "Buy". On Friday, August 25 the stock rating was maintained by Cowen & Co with "Hold". Stifel Nicolaus maintained Buckeye Partners, L.P. (NYSE:BPL) on Monday, November 2 with "Buy" rating. The firm has "Hold" rating by RBC Capital Markets given on Sunday, October 15. Finally, Stifel Nicolaus cut their target price on shares of Buckeye Partners from $68.00 to $63.00 and set a "buy" rating for the company in a research note on Monday, November 6th. Mizuho maintained Buckeye Partners, L.P. (NYSE:BPL) rating on Monday, February 13. The stock's average target of $55.33 is -8.14% below today's ($60.23) share price. On Thursday, February 25 the stock rating was initiated by Morgan Stanley with "Overweight".

Investors sentiment increased to 1 in Q3 2017. Its down 0.78, from 2.07 in 2017Q2. At present, 5 analysts recommended Holding these shares while 0 recommended sell, according to FactSet data. 31 funds opened positions while 93 raised stakes. The volume of 0.88 Million shares climbed down over an trading activity of 796.18 Million shares.

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COPYRIGHT VIOLATION WARNING: "Somewhat Favorable News Coverage Somewhat Unlikely to Impact Buckeye Partners (NYSE:BPL) Share Price" was posted by StockNewsTimes and is the property of of StockNewsTimes. Sg Americas Ltd Liability Corporation owns 12,203 shares or 0% of their USA portfolio. Armistice Cap Limited Liability owns 4.20 million shares for 1.6% of their portfolio. Cincinnati Insur Company has 0.14% invested in Buckeye Partners, L.P. (NYSE:BPL) for 79,294 shares. The company's institutional ownership is monitored at 70.4 percent. Castleark Limited Company reported 26,261 shares. Sigma Planning reported 0.03% in Buckeye Partners, L.P. (NYSE:BPL). The stock of Buckeye Partners, L.P. (NYSE:BPL) has "Neutral" rating given on Thursday, December 15 by Goldman Sachs. Barclays Public Ltd Co, United Kingdom-based fund reported 553,653 shares. Endurance Wealth Mgmt Inc owns 1,800 shares or 0.02% of their U.S. portfolio. Bessemer Group Inc Inc has 1,008 shares.

Investors sentiment increased to 1.22 in 2017 Q3. Its down 0.16, from 1.18 in 2017Q2. It increased, as 42 investors sold VMW shares while 122 reduced holdings. 107 funds opened positions while 619 raised stakes. Richard C Young reported 41,860 shares stake. Great West Life Assurance Can has invested 0% in DexCom, Inc. (NASDAQ:DXCM) for 8 shares. Oaktop Mngmt Ii Ltd Partnership has invested 1.69% in VMware, Inc. (NASDAQ:CSCO). 61,482 are owned by L & S Advsrs Incorporated. Rhumbline Advisers accumulated 0.06% or 332,668 shares. First Bank Sioux Falls reported 0.76% of its portfolio in Cisco Systems, Inc. Kellner Capital Lc invested in 107,500 shares or 2.09% of the stock. Thompson Davis owns 112,768 shares for 0.65% of their portfolio. National Bank Of America De holds 0% or 15,778 shares in its portfolio. Loring Wolcott Coolidge Fiduciary Advsrs Llp Ma holds 0% of its portfolio in DexCom, Inc. The New York-based Luminus Management Llc has invested 3.7% in the stock. (NASDAQ:DXCM) shares. $416,044 worth of DexCom, Inc. They expect $0.87 earnings per share, up 11.54% or $0.09 from last year's $0.78 per share. BERY's profit will be $85.15 million for 23.17 P/E if the $0.65 EPS becomes a reality. The pipeline company reported $0.81 EPS for the quarter, missing the Zacks' consensus estimate of $0.86 by ($0.05).

Ellington Management Group Llc, which manages about $12.47B and $585.33 million US Long portfolio, upped its stake in Spdr S&P 500 Etf Tr (SPY) by 12,091 shares to 13,591 shares, valued at $3.41M in 2017Q3, according to the filing. It also increased its holding in Altria Group Inc (NYSE:MO) by 6,624 shares in the quarter, for a total of 23,503 shares, and has risen its stake in Ishares Tr (IGF).

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