Dividend Flows Summary: The $0.56 mark is well within reach for Sprague Resources LP (NYSE:SRLP).

Dividend Flows Summary: The $0.56 mark is well within reach for Sprague Resources LP (NYSE:SRLP).

Sprague Resources LP (NYSE:SRLP) is expected to pay $0.56 on Nov 14, 2016. The indicated annual dividend is $2.25. Shareholders owning the stock before Nov 4, 2016 will be eligible to receive the payout. Based on Sprague Resources LP’s current price of $24.35, the dividend is 2.31%. This dividend’s record date is Nov 8, 2016 and the announcement date is Oct 31, 2016. The stock increased 0.21% or $0.05 on November 2, hitting $24.35. Sprague Resources LP (NYSE:SRLP) has risen 20.72% since April 1, 2016 and is uptrending. It has outperformed by 19.51% the S&P500.

Sprague Resources LP is engaged in the purchase, storage, distribution and sale of refined products and natural gas, and provides storage and handling services for a range of materials. The company has a market cap of $511.40 million. The Firm operates through four divisions: refined products, natural gas, materials handling and other operations. It has a 9.2 P/E ratio. The Company’s refined products segment purchases a range of refined products, such as heating oil, diesel fuel, residual fuel oil, asphalt, kerosene, jet fuel and gasoline from refining companies, trading organizations and producers, and sells them to its customers.

Insitutional Activity: The institutional sentiment increased to 1.45 in 2016 Q2. Its up 0.18, from 1.27 in 2016Q1. The ratio increased, as 1 funds sold all Sprague Resources LP shares owned while 10 reduced positions. 8 funds bought stakes while 8 increased positions. They now own 5.67 million shares or 7.67% less from 6.14 million shares in 2016Q1.
Kayne Anderson Capital Advsrs Limited Partnership accumulated 931,689 shares or 0.25% of the stock. Blackrock Mgmt Limited has 1,500 shares for 0% of their US portfolio. Manufacturers Life Ins The accumulated 57 shares or 0% of the stock. Janney Montgomery Scott Ltd last reported 0.05% of its portfolio in the stock. Toronto Dominion National Bank reported 869 shares or 0% of all its holdings. Moreover, Fort Washington Inv Advisors Inc Oh has 0% invested in Sprague Resources LP (NYSE:SRLP) for 10,236 shares. Renaissance Limited Liability Corp reported 22,800 shares or 0% of all its holdings. Walleye Trading Ltd Co last reported 3,200 shares in the company. Texas Yale Capital, a Florida-based fund reported 12,500 shares. Jpmorgan Chase And has 2,871 shares for 0% of their US portfolio. Raymond James Assoc holds 0% or 25,664 shares in its portfolio. Morgan Stanley holds 0% of its portfolio in Sprague Resources LP (NYSE:SRLP) for 131,768 shares. Spirit Of America Corporation Ny, a New York-based fund reported 217,863 shares. Commonwealth Of Pennsylvania Public School Empls Retrmt holds 32,149 shares or 0.01% of its portfolio. Advantus Cap Mngmt holds 45,301 shares or 0.03% of its portfolio.

Insider Transactions: Since September 8, 2016, the stock had 0 insider buys, and 1 sale for $30,538 net activity. $30,538 worth of Sprague Resources LP (NYSE:SRLP) was sold by Scoff Paul A. on Thursday, September 8.

Sprague Resources LP (NYSE:SRLP) Ratings Coverage

Out of 3 analysts covering Sprague Resources (NYSE:SRLP), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. $35 is the highest target while $26 is the lowest. The $30.50 average target is 25.26% above today’s ($24.35) stock price. Sprague Resources has been the topic of 4 analyst reports since August 10, 2015 according to StockzIntelligence Inc. FBR Capital initiated Sprague Resources LP (NYSE:SRLP) rating on Friday, September 9. FBR Capital has “Outperform” rating and $35 price target. The company was upgraded on Monday, January 4 by Raymond James.

More notable recent Sprague Resources LP (NYSE:SRLP) news were published by: Globenewswire.com which released: “Sprague Resources LP to Acquire Natural Gas Marketing Business” on January 19, 2016, also Prnewswire.com with their article: “Sprague Resources LP Completes Purchase Of Kildair Service Ltd.” published on December 09, 2014, Reuters.com published: “BRIEF-Sprague Resources LP announces tenth consecutive increased cash dist…” on October 28, 2016. More interesting news about Sprague Resources LP (NYSE:SRLP) were released by: Globenewswire.com and their article: “Sprague Resources LP Announces Ninth Consecutive Increased Cash Distribution …” published on July 27, 2016 as well as Globenewswire.com‘s news article titled: “Sprague Resources LP Reports Second Quarter 2016 Results and Extends Guidance …” with publication date: August 05, 2016.

SRLP Company Profile

Sprague Resources LP, incorporated on June 23, 2011, is engaged in the purchase, storage, distribution and sale of refined products and natural gas, and provides storage and handling services for a range of materials. The Firm operates through four divisions: refined products, natural gas, materials handling and other operations. The Company’s refined products segment purchases a range of refined products, such as heating oil, diesel fuel, residual fuel oil, asphalt, kerosene, jet fuel and gasoline from refining companies, trading organizations and producers, and sells them to its customers. The Company’s natural gas segment purchases, sells and distributes natural gas to commercial and industrial clients in the Northeast and Mid-Atlantic United States. The Company’s materials handling segment offloads, stores and prepares for delivery a range of customer-owned products, including asphalt, clay slurry, salt, gypsum, crude oil, coal, petroleum coke, caustic soda, tallow, pulp and heavy equipment. The Company’s other activities segment includes sale of coal and commercial trucking activity.

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