Buckeye Partners LP (BPL) Stock Rose While Apollo Management Holdings LP Has Decreased Its Position by $24.77 Million

Buckeye Partners, L.P. (NYSE:BPL) LogoInvestors sentiment increased to 1.24 in Q1 2019. Its up 0.79, from 0.45 in 2018Q4. It improved, as 19 investors sold BPL shares while 48 reduced holdings. 30 funds opened positions while 53 raised stakes. 104.06 million shares or 2.64% more from 101.38 million shares in 2018Q4 were reported. Albert D Mason holds 0.93% of its portfolio in Buckeye Partners, L.P. (NYSE:BPL) for 37,483 shares. Bb&T Securities Ltd Liability Corporation holds 0% in Buckeye Partners, L.P. (NYSE:BPL) or 11,974 shares. Advisors Asset Inc has invested 0.02% of its portfolio in Buckeye Partners, L.P. (NYSE:BPL). Blackhill Capital has invested 0.12% of its portfolio in Buckeye Partners, L.P. (NYSE:BPL). Nelson Van Denburg & Campbell Wealth Llc stated it has 6,131 shares. Northern Tru holds 0% or 140,351 shares. Ing Groep Nv reported 0.16% in Buckeye Partners, L.P. (NYSE:BPL). Cohen Capital Mgmt reported 0.92% of its portfolio in Buckeye Partners, L.P. (NYSE:BPL). Ameritas Investment Prtnrs stated it has 0.04% of its portfolio in Buckeye Partners, L.P. (NYSE:BPL). Mariner Limited Liability Co owns 39,091 shares or 0.02% of their US portfolio. Blair William Com Il holds 0.01% or 57,092 shares in its portfolio. 600 are held by Country Trust Comml Bank. Cadence Capital Management Ltd Llc has invested 1.1% in Buckeye Partners, L.P. (NYSE:BPL). Morgan Stanley has invested 0.01% in Buckeye Partners, L.P. (NYSE:BPL). Blackrock accumulated 0% or 512,448 shares.

Apollo Management Holdings Lp decreased its stake in Buckeye Partners LP (BPL) by 85.26% based on its latest 2019Q1 regulatory filing with the SEC. Apollo Management Holdings Lp sold 728,600 shares as the company’s stock rose 24.57% . The institutional investor held 126,000 shares of the natural gas distribution company at the end of 2019Q1, valued at $4.29 million, down from 854,600 at the end of the previous reported quarter. Apollo Management Holdings Lp who had been investing in Buckeye Partners LP for a number of months, seems to be less bullish one the $6.32 billion market cap company. The stock increased 0.10% or $0.04 during the last trading session, reaching $41.21. About 1.60M shares traded or 3.74% up from the average. Buckeye Partners, L.P. (NYSE:BPL) has risen 21.27% since September 11, 2018 and is uptrending. It has outperformed by 21.27% the S&P500.

Apollo Management Holdings Lp, which manages about $8.93 billion US Long portfolio, upped its stake in Kohls Corp (Put) (NYSE:KSS) by 755,000 shares to 895,000 shares, valued at $61.55 million in 2019Q1, according to the filing. It also increased its holding in Royal Gold Inc (Prn) by 5.00 million shares in the quarter, for a total of 38.50M shares, and has risen its stake in Spdr S&P 500 Etf Tr (Put) (SPY).

Analysts await Buckeye Partners, L.P. (NYSE:BPL) to report earnings on November, 1. They expect $0.62 earnings per share, up 8.77 % or $0.05 from last year’s $0.57 per share. BPL’s profit will be $95.11 million for 16.62 P/E if the $0.62 EPS becomes a reality. After $0.58 actual earnings per share reported by Buckeye Partners, L.P. for the previous quarter, Wall Street now forecasts 6.90 % EPS growth.

More notable recent Buckeye Partners, L.P. (NYSE:BPL) news were published by: Finance.Yahoo.com which released: “Better Buy: Buckeye Partners vs. Enterprise Products Partners L.P. – Yahoo Finance” on June 10, 2019, also Seekingalpha.com with their article: “Public/Private Arbitrage In Oil And Gas: Buckeye Partners Goes Private – Seeking Alpha” published on June 03, 2019, Globenewswire.com published: “Buckeye Partners, L.P. to Release Earnings and Hold Conference Call for 2018 Fourth Quarter and Full Year Financial Results – GlobeNewswire” on January 18, 2019. More interesting news about Buckeye Partners, L.P. (NYSE:BPL) were released by: Finance.Yahoo.com and their article: “Forget Buckeye Partners: Here Are 3 Better Dividend Stocks – Yahoo Finance” published on February 23, 2019 as well as Globenewswire.com‘s news article titled: “Buckeye Partners, L.P. Agrees to be Acquired by IFM Investors for $41.50 per common unit – GlobeNewswire” with publication date: May 10, 2019.

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

Among 3 analysts covering Buckeye Partners (NYSE:BPL), 0 have Buy rating, 0 Sell and 3 Hold. Therefore 0 are positive. Buckeye Partners has $41.5000 highest and $40 lowest target. $41’s average target is -0.51% below currents $41.21 stock price. Buckeye Partners had 6 analyst reports since March 13, 2019 according to SRatingsIntel. J.P. Morgan maintained the stock with “Hold” rating in Wednesday, March 13 report. The firm has “Neutral” rating by UBS given on Wednesday, May 15. The stock has “Hold” rating by Stifel Nicolaus on Monday, May 13.

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

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