Today’s Dividend On Watch: Forecasted dividends of $0.11 are lurking just around the corner for Teekay Offshore Partners L.P. (NYSE:TOO) shareholder?

Today's Dividend On Watch: Forecasted dividends of $0.11 are lurking just around the corner for Teekay Offshore Partners L.P. (NYSE:TOO) shareholder?

Teekay Offshore Partners L.P. (NYSE:TOO) is expected to pay $0.11 on Nov 10, 2016. The indicated annual dividend is $0.44. Shareholders owning the stock before Nov 2, 2016 will be eligible to receive the payout. Based on Teekay Offshore Partners L.P.’s current price of $5.98, the dividend is 1.84%. This dividend’s record date is Nov 4, 2016 and the announcement date is Oct 5, 2016. The stock decreased 4.01% or $0.25 on October 31, hitting $5.98. Teekay Offshore Partners L.P. (NYSE:TOO) has risen 5.84% since March 30, 2016 and is uptrending. It has outperformed by 2.83% the S&P500.

Teekay Offshore Partners L.P. is a provider of marine transportation, oil production, storage, long-distance towing and offshore installation and maintenance and safety services to the offshore oil industry in North Sea, Brazil and the East Coast of Canada. The company has a market cap of $800.10 million. The Firm operates shuttle tankers; towage vessels; floating, production, storage and off-loading units; floating storage and off-take (FSO) units; units for maintenance and safety (UMS); long-distance towing and offshore installation vessels, and conventional crude oil tankers. It currently has negative earnings. The Company’s divisions include shuttle tanker segment, FPSO segment, FSO segment, conventional tanker segment, towage segment and UMS segment.

Insitutional Activity: The institutional sentiment increased to 0.97 in 2016 Q2. Its up 0.07, from 0.9 in 2016Q1. The ratio is positive, as 14 funds sold all Teekay Offshore Partners L.P. shares owned while 24 reduced positions. 12 funds bought stakes while 25 increased positions. They now own 65.29 million shares or 29.53% more from 50.41 million shares in 2016Q1.
Huntington Financial Bank accumulated 8,135 shares or 0% of the stock. Barclays Public Ltd Co holds 0% of its portfolio in Teekay Offshore Partners L.P. (NYSE:TOO) for 96,858 shares. Jpmorgan Chase Co, a New York-based fund reported 15 shares. Commonwealth Of Pennsylvania School Empls Retrmt holds 0.02% of its portfolio in Teekay Offshore Partners L.P. (NYSE:TOO) for 159,798 shares. Raymond James Financial Ser Advisors has invested 0.01% of its portfolio in Teekay Offshore Partners L.P. (NYSE:TOO). Citigroup has 100 shares for 0% of their US portfolio. Benchmark Advsrs accumulated 0.29% or 59,500 shares. Evercore Wealth has 5,500 shares for 0% of their US portfolio. Exane Derivatives, a France-based fund reported 40 shares. Brown Brothers Harriman Company last reported 0% of its portfolio in the stock. The Virginia-based Swift Run Capital Mngmt Ltd Liability Corp has invested 0.06% in Teekay Offshore Partners L.P. (NYSE:TOO). Advisory Incorporated accumulated 11.75 million shares or 1.2% of the stock. Neuberger Berman Group Incorporated Ltd Liability accumulated 0% or 440,440 shares. Northern Corp last reported 226,400 shares in the company. Prudential Public Ltd Company, a Illinois-based fund reported 22,404 shares.

Teekay Offshore Partners L.P. (NYSE:TOO) Ratings Coverage

Out of 6 analysts covering Teekay Offshore (NYSE:TOO), 3 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 50% are positive. Teekay Offshore has been the topic of 11 analyst reports since August 4, 2015 according to StockzIntelligence Inc. On Tuesday, August 4 the stock rating was upgraded by Global Hunter Securities to “Accumulate”. On Thursday, December 17 the stock rating was downgraded by Seaport Global Securities to “Neutral”. The firm has “Underperform” rating by Bank of America given on Thursday, December 17. On Thursday, August 18 the stock rating was upgraded by RBC Capital Markets to “Outperform”. The rating was maintained by RBC Capital Markets on Thursday, August 13 with “Sector Perform”. Morgan Stanley initiated Teekay Offshore Partners L.P. (NYSE:TOO) rating on Tuesday, April 19. Morgan Stanley has “Equal-Weight” rating and $6 price target. On Thursday, December 17 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The firm earned “Neutral” rating on Friday, August 7 by Citigroup. As per Monday, June 20, the company rating was maintained by UBS.

More important recent Teekay Offshore Partners L.P. (NYSE:TOO) news were published by: Nasdaq.com which released: “Ex-Dividend Reminder: Teekay Offshore Partners, NGL Energy Partners and …” on October 31, 2016, also Fool.com published article titled: “Teekay Offshore Partners LP Soars After Shoring Up its Balance Sheet”, Fool.com published: “Why Teekay Offshore Partners L.P., Teekay LNG Partners L.P., and Teekay …” on April 06, 2016. More interesting news about Teekay Offshore Partners L.P. (NYSE:TOO) was released by: Fool.com and their article: “Teekay Corporation, Teekay Offshore Partners L.P. Stocks Sink 10%: Here’s What …” with publication date: January 07, 2016.

TOO Company Profile

Teekay Offshore Partners L.P., incorporated on August 30, 2006, is a well-known provider of marine transportation, oil production, storage, long-distance towing and offshore installation and maintenance and safety services to the offshore oil industry focusing on the deep-water offshore oil regions of the North Sea, Brazil and the East Coast of Canada. The Firm operates shuttle tankers; towage vessels; floating, production, storage and off-loading (FPSO) units; floating storage and off-take (FSO) units; units for maintenance and safety (UMS); long-distance towing and offshore installation vessels, and conventional crude oil tankers. The Company’s divisions include shuttle tanker segment, FPSO segment, FSO segment, conventional tanker segment, towage segment and UMS segment. The Company’s fleet consists of approximately 30 shuttle tankers, including over three chartered-in vessels and approximately one HiLoad Dynamic Positioning (DP) unit, over six FPSO units, approximately seven FSO units, over six long-distance towing and offshore installation vessels, a UMS and over two conventional oil tankers.

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