Buckeye Partners L.P. (NYSE:BPL) Shorted Shares Increased 45.1% After Market Selling

May 18, 2018 - By Susan Price

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 worsened, 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.
Virtu Ltd Liability Corp has invested 0.04% in Buckeye Partners, L.P. (NYSE:BPL). Trust Co Of Vermont reported 514 shares or 0% of all its holdings. Lucas Cap Mgmt invested in 0.19% or 4,313 shares. Usca Ria Ltd Llc reported 5,355 shares. Advisory Serv Ntwk Lc reported 3,692 shares. Center Coast Capital Advsrs Ltd Partnership holds 4.77% or 3.58M shares in its portfolio. Suntrust Banks reported 5,254 shares stake. Eagle Glob Advsr Lc has invested 3.87% in Buckeye Partners, L.P. (NYSE:BPL). Ameriprise stated it has 0% of its portfolio in Buckeye Partners, L.P. (NYSE:BPL). New York-based United Asset Strategies has invested 0.15% in Buckeye Partners, L.P. (NYSE:BPL). Evercore Wealth Ltd Co accumulated 533 shares. Parametric Assocs Limited Liability Com reported 364,963 shares or 0.02% of all its holdings. Ftb Advsrs Inc reported 0% in Buckeye Partners, L.P. (NYSE:BPL). Envestnet Asset accumulated 2,609 shares or 0% of the stock. Barclays Public Ltd Company accumulated 794,061 shares.

Since March 9, 2018, it had 1 buy, and 1 insider sale for $445,244 activity. McKinley Mark C. also bought $38,463 worth of Buckeye Partners, L.P. (NYSE:BPL) shares.

The stock of Buckeye Partners L.P. (NYSE:BPL) registered an increase of 45.1% in short interest. BPL’s total short interest was 3.48M 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 firm earned “Hold” rating on Monday, February 12 by Guggenheim. The rating was maintained by JP Morgan with “Neutral” on Tuesday, March 13. The firm earned “Buy” rating on Friday, March 2 by UBS. SunTrust maintained Buckeye Partners, L.P. (NYSE:BPL) rating on Sunday, April 22. SunTrust has “Hold” rating and $4400 target. The company was downgraded on Friday, March 23 by Morgan Stanley. As per Tuesday, March 6, the company rating was maintained by Bank of America. Citigroup downgraded the shares of BPL in report on Monday, May 7 to “Hold” rating. The firm has “Equal-Weight” rating by Barclays Capital given on Thursday, April 5. The firm has “Equal-Weight” rating given on Monday, February 12 by Barclays Capital. The firm earned “Hold” rating on Friday, February 9 by Mizuho.

More notable recent Buckeye Partners, L.P. (NYSE:BPL) news were published by: Seekingalpha.com which released: “High-Quality MLP Yielding 12.4%, Opportunistic Buy With 50% Upside Potential” on April 28, 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, Bizjournals.com published: “5 things to know in Texas energy this week” on May 14, 2018. More interesting news about Buckeye Partners, L.P. (NYSE:BPL) were released by: Globenewswire.com and their article: “Buckeye Partners, LP Reports First Quarter 2018 Financial Results” published on May 04, 2018 as well as Globenewswire.com‘s news article titled: “Buckeye Partners, LP Announces Agreement to Construct South Texas Gateway Terminal” with publication date: April 24, 2018.

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

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