Buckeye Partners L.P. (NYSE:BPL) Has Increase in Shorts

May 18, 2018 - By Louis Casey

Buckeye Partners, L.P. (NYSE:BPL) Logo

Investors sentiment decreased to 0.57 in Q4 2017. Its down 0.43, from 1 in 2017Q3. It fall, as 48 investors sold Buckeye Partners, L.P. shares while 116 reduced holdings. 29 funds opened positions while 65 raised stakes. 98.68 million shares or 1.84% more from 96.89 million shares in 2017Q3 were reported.
Tortoise Llc reported 10.81 million shares stake. Estabrook Mngmt reported 3,940 shares. Sg Americas Securities reported 34,271 shares. Oklahoma-based Bokf Na has invested 0.03% in Buckeye Partners, L.P. (NYSE:BPL). Fayez Sarofim And invested 0% in Buckeye Partners, L.P. (NYSE:BPL). Tradewinds Cap Mgmt Ltd owns 232 shares. Advisory Rech invested in 2.95% or 3.60 million shares. North Star Invest Mngmt Corporation owns 3,299 shares or 0.02% of their US portfolio. The Rhode Island-based Richard C Young And Limited has invested 0.43% in Buckeye Partners, L.P. (NYSE:BPL). Naples Glob Advsrs Ltd Com has 5,200 shares. Goldman Sachs Gp has 0.06% invested in Buckeye Partners, L.P. (NYSE:BPL) for 5.44M shares. Cetera Llc holds 5,071 shares. City Holding accumulated 800 shares or 0.01% of the stock. Koch Indus Inc stated it has 16,810 shares or 0.12% of all its holdings. Fincl Mngmt Professionals Inc stated it has 935 shares or 0.02% of all its holdings.

Since March 9, 2018, it had 1 insider purchase, and 1 insider sale for $445,244 activity. $38,463 worth of stock was bought by McKinley Mark C. on Friday, March 23.

The stock of Buckeye Partners L.P. (NYSE:BPL) registered an increase of 45.1% in short interest. BPL’s total short interest was 3.48 million shares in May as published by FINRA. Its up 45.1% from 2.40 million shares, reported previously. With 945,100 shares average volume, it will take short sellers 4 days to cover their BPL’s short positions.

The stock decreased 0.45% or $0.1754 during the last trading session, reaching $38.6746. About 14,116 shares traded. Buckeye Partners, L.P. (NYSE:BPL) has declined 43.06% since May 18, 2017 and is downtrending. It has underperformed by 54.61% the S&P500.

Buckeye Partners, L.P. owns and operates liquid petroleum products pipelines in the United States. The company has market cap of $5.92 billion. The firm operates through three divisions: Domestic Pipelines & Terminals, Global Marine Terminals, and Merchant Services. It has a 12.17 P/E ratio. The Domestic Pipelines & Terminals segment transports liquid petroleum products, including gasoline, jet fuel, diesel fuel, heating oil, and kerosene; refined petroleum products, such as propane and butane, refinery feedstock, and blending components; and crude oil.

Buckeye Partners, L.P. (NYSE:BPL) Ratings Coverage

Among 14 analysts covering Buckeye Partners (NYSE:BPL), 3 have Buy rating, 1 Sell and 10 Hold. Therefore 21% are positive. Buckeye Partners had 18 analyst reports since January 4, 2018 according to SRatingsIntel. The stock of Buckeye Partners, L.P. (NYSE:BPL) earned “Hold” rating by Mizuho on Friday, February 9. The stock of Buckeye Partners, L.P. (NYSE:BPL) earned “Neutral” rating by JP Morgan on Tuesday, March 13. As per Friday, March 2, the company rating was maintained by UBS. As per Sunday, February 11, the company rating was maintained by Stifel Nicolaus. On Wednesday, February 14 the stock rating was maintained by RBC Capital Markets with “Hold”. The stock of Buckeye Partners, L.P. (NYSE:BPL) earned “Hold” rating by Citigroup on Monday, May 7. Barclays Capital maintained the stock with “Equal-Weight” rating in Thursday, April 5 report. The stock has “Equal-Weight” rating by Barclays Capital on Monday, February 12. The rating was maintained by Stifel Nicolaus on Monday, May 7 with “Buy”. The stock of Buckeye Partners, L.P. (NYSE:BPL) earned “Hold” rating by SunTrust on Sunday, April 22.

More notable recent Buckeye Partners, L.P. (NYSE:BPL) news were published by: Bizjournals.com which released: “Houston midstream co. cancels pipeline open season” on May 08, 2018, also Bizjournals.com with their article: “Phillips 66 CEO: A lot of crude from new Permian Basin pipeline will be exported” published on May 09, 2018, Globenewswire.com published: “Buckeye Partners, LP Announces Agreement to Construct South Texas Gateway Terminal” on April 24, 2018. More interesting news about Buckeye Partners, L.P. (NYSE:BPL) were released by: Bizjournals.com and their article: “5 things to know in Texas energy this week” published on May 14, 2018 as well as Seekingalpha.com‘s news article titled: “Gray Oak Pipeline Addresses Permian Weakness: Exit Capacity” with publication date: May 01, 2018.

Buckeye Partners, L.P. (NYSE:BPL) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.