Apollo Management Holdings LP Has Decreased Holding in Buckeye Partners LP (BPL) by $24.77 Million as Market Valuation Rose

Buckeye Partners, L.P. (NYSE:BPL) LogoInvestors sentiment increased to 1.24 in 2019 Q1. 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. Focused Wealth Mgmt reported 425 shares. Hightower Limited Company reported 0.02% in Buckeye Partners, L.P. (NYSE:BPL). Ameritas Inv Incorporated holds 24,600 shares or 0.04% of its portfolio. Endurance Wealth Management Inc invested in 0.01% or 1,800 shares. Invesco Limited reported 15,255 shares stake. Salient Cap Advsrs Limited Company holds 17,918 shares or 0.01% of its portfolio. Neuberger Berman Gp Ltd Limited Liability Company has 0% invested in Buckeye Partners, L.P. (NYSE:BPL). Nelson Van Denburg And Campbell Wealth Management Grp Lc accumulated 6,131 shares or 0.04% of the stock. Virtu Fincl Lc accumulated 23,955 shares or 0.05% of the stock. 19,720 were accumulated by Narwhal Cap. 160 were accumulated by Live Your Vision Ltd. Fiduciary Ser Of The Southwest Incorporated Tx stated it has 15,239 shares. Janney Montgomery Scott Ltd holds 0.02% or 72,210 shares. Ent Financial Corporation holds 0% or 150 shares in its portfolio. Moors And Cabot Incorporated holds 49,208 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 $6.32B market cap company. The stock increased 0.10% or $0.04 during the last trading session, reaching $41.21. About 1.60 million 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 Clearway Energy Inc by 3.60 million shares to 3.96M shares, valued at $59.77 million in 2019Q1, according to the filing. It also increased its holding in Ares Cap Corp (Put) (NASDAQ:ARCC) by 508,500 shares in the quarter, for a total of 1.61 million 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 $95.11M 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: “Here’s What Hedge Funds Think About Buckeye Partners, L.P. (BPL) – Yahoo Finance” on April 24, 2019, also Globenewswire.com with their article: “Buckeye Partners, L.P. Reports Financial Results for the Fourth Quarter and Full Year 2018 – GlobeNewswire” published on February 08, 2019, Globenewswire.com published: “Buckeye Partners, L.P.’s 2018 Schedule K-1 Tax Packages Are Now Available – GlobeNewswire” on March 05, 2019. More interesting news about Buckeye Partners, L.P. (NYSE:BPL) were released by: Seekingalpha.com and their article: “How Safe Is The 15.4% Yield Of Buckeye Partners? – Seeking Alpha” published on October 26, 2018 as well as Seekingalpha.com‘s news article titled: “Market Advances, Midstream Unmoved – Seeking Alpha” with publication date: September 08, 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. UBS downgraded the stock to “Neutral” rating in Wednesday, May 15 report. The stock of Buckeye Partners, L.P. (NYSE:BPL) earned “Hold” rating by Stifel Nicolaus on Monday, May 13. On Wednesday, March 13 the stock rating was maintained by J.P. Morgan with “Hold”.

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

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