Buckeye Partners (NYSE:BPL) Loses Buy Rating

Saturday, 06 Jan, 2018

Harvest Fund Advisors Llc who had been investing in Buckeye Partners LP for a number of months, seems to be less bullish one the $4.52B market cap company.

The stock decreased 0.27% or GBX 2.4 during the last trading session, reaching GBX 878.4. Accern also assigned media coverage about the pipeline company an impact score of 45.3708131144633 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company's share price in the near term. It has outperformed by 27.05% the S&P500. Mizuho decreased their price objective on shares of Buckeye Partners, L.P. from $76.00 to $70.00 and set a neutral rating for the company in a research report on Monday, November 7th. Ajo Lp sold 171,286 shares as the company's stock declined 12.71% while stock markets rallied. Guggenheim Limited Company, a Illinois-based fund reported 27,511 shares. The lowest price the stock reached in the last trading day was $3.01 and compares with the $3.11 52-week low. About 516,185 shares traded.

Buckeye Partners, L.P. (BPL) pays a dividend of 5.05, which translates to dividend yield of 9.57% based on the current price. It has underperformed by 22.69% the S&P500.

Harvest Fund Advisors Llc, which manages about $5.20B and $9.64B US Long portfolio, upped its stake in Enterprise Prods Partners L (NYSE:EPD) by 2.08 million shares to 42.61M shares, valued at $1.11B in 2017Q3, according to the filing. Carroll Fincl Associate holds 0.01% or 1,250 shares.

The ERP5 Rank is an investment tool that analysts use to discover undervalued companies. The stock has "Buy" rating by Stifel Nicolaus on Monday, November 6. The stock has "Hold" rating by RBC Capital Markets on Wednesday, November 8. As per Thursday, October 8, the company rating was initiated by Pacific Crest. RBC Capital Markets maintained Buckeye Partners, L.P. (NYSE:BPL) on Sunday, July 30 with "Hold" rating. The company was maintained on Sunday, August 6 by Stifel Nicolaus. The firm earned "Neutral" rating on Monday, November 16 by DA Davidson. The firm has "Hold" rating by RBC Capital Markets given on Sunday, October 15. Jefferies maintained BioScrip, Inc. Robert W. Baird has "Buy" rating and $130.0 target. (NASDAQ:BIOS) has "Buy" rating given on Thursday, August 10 by SunTrust. Blackrock holds 0% or 3,810 shares in its portfolio.

Investors sentiment decreased to 0.84 in Q3 2017. Its down 0.21, from 1.26 in 2017Q2. 165 funds opened positions while 367 raised stakes. Royal Bank of Canada reissued a "hold" rating and issued a $67.00 price objective on shares of Buckeye Partners in a report on Wednesday, September 13th. Fdx Advisors holds 86,488 shares. Bridges Invest Counsel, Nebraska-based fund reported 16,778 shares. Cookson Peirce And invested in 0.04% or 3,035 shares. 963 are owned by Cornerstone Advsrs. Cohen & Steers Inc accumulated 0.04% or 260,092 shares. Marathon Capital Mngmt has invested 0.07% of its portfolio in BioScrip, Inc. Pictet & Cie (Europe) holds 98,580 shares or 1.4% of its portfolio. Westpac Banking has 0.02% invested in Ansys, Inc. D E Shaw Communications holds 4.02 million shares or 0.02% of its portfolio. Meiji Yasuda Asset Mngmt Ltd owns 12,276 shares. Moreover, Hays Advisory Lc has 0.09% invested in The Boeing Company (NYSE:BA).

Analysts await LyondellBasell Industries N.V. (NYSE:LYB) to report earnings on February, 2. During the same period past year, the company earned $1.19 earnings per share.

OAS now trades at a forward P/E of 75.21, a P/B of 0.70, and a P/S of 1.95 while BPL trades at a forward P/E of 13.81, a P/B of 1.63, and a P/S of 2.11. The company reported $0.78 earnings per share for the quarter, missing analysts' consensus estimates of $1.03 by $0.25.

Investors sentiment increased to 1 in 2017 Q3. Its down 0.12, from 0.96 in 2017Q2. It is positive, as 36 investors sold MOS shares while 129 reduced holdings. 29 funds opened positions while 103 raised stakes. Advisers Limited Liability holds 152,786 shares or 0.07% of its portfolio. First Trust LP reported 231,747 shares. Shareholders of record on Tuesday, February 21st were given a dividend of $1.2375 per share. Riverpoint Limited Liability Co has 26,690 shares for 0.1% of their portfolio. Goldman Sachs Grp Inc Inc Inc holds 0.07% or 4.87M shares. Proshare Ltd Liability Corp reported 151,618 shares. Drexel Morgan & invested in 5,425 shares. Stanley has 24,980 shares.

Shares of Buckeye Partners, L.P. Freestone Cap Ltd Liability Corporation invested in 0.36% or 88,758 shares.

Trust Asset Management Llc holds 5.04% of its portfolio in Buckeye Partners, L.P. for 242,822 shares.

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