Buckeye Partners L.P. (NYSE:BPL) is expected to pay $1.23 on Nov 22, 2016. The indicated annual dividend is $4.90. Shareholders owning the stock before Nov 10, 2016 will be eligible to receive the payout. Based on Buckeye Partners L.P.’s current price of $64.66, the dividend is 1.89%. This dividend’s record date is Nov 15, 2016 and the announcement date is Oct 26, 2016. The stock increased 0.92% or $0.59 during the last trading session, hitting $64.66. Buckeye Partners, L.P. (NYSE:BPL) has declined 1.96% since April 7, 2016 and is downtrending. It has underperformed by 6.74% the S&P500.
Buckeye Partners, L.P. owns and operates a network of integrated assets providing midstream logistic solutions, primarily consisting of the transportation, storage and marketing of liquid petroleum products. The company has a market cap of $9.19 billion. The Firm operates through three divisions: Domestic Pipelines & Terminals, Global Marine Terminals and Merchant Services. It has a 15.05 P/E ratio. It is also an independent terminalling and storage operator in the United States in terms of capacity available for service.
Insitutional Activity: The institutional sentiment increased to 1.09 in 2016 Q2. Its up 0.19, from 0.9 in 2016Q1. The ratio is positive, as 20 funds sold all Buckeye Partners, L.P. shares owned while 90 reduced positions. 27 funds bought stakes while 93 increased positions. They now own 73.08 million shares or 16.32% less from 87.33 million shares in 2016Q1.
Pnc Financial Group has invested 0.01% of its portfolio in Buckeye Partners, L.P. (NYSE:BPL). Raymond James Fincl Services reported 39,715 shares or 0.03% of all its holdings. Folger Nolan Fleming Douglas Capital Management Inc has 8,550 shares for 0.1% of their US portfolio. Liberty Mutual Gru Asset Management last reported 0.21% of its portfolio in the stock. Virtu Llc holds 0.49% or 51,899 shares in its portfolio. State Bank Of Montreal Can holds 1.03 million shares or 0.08% of its portfolio. Gemmer Asset Management accumulated 138 shares or 0.01% of the stock. Clearbridge Investments Ltd holds 0.33% or 3.99M shares in its portfolio. Cambridge Advsr holds 0.03% or 17,666 shares in its portfolio. Thompson Davis Inc accumulated 330 shares or 0.04% of the stock. A D Beadell Investment Counsel has 0.19% invested in the company for 3,286 shares. Envestnet Asset Mngmt has invested 0% of its portfolio in Buckeye Partners, L.P. (NYSE:BPL). Driehaus Capital Mngmt Limited Liability accumulated 0.09% or 36,814 shares. Pennsylvania Trust Com holds 0.02% of its portfolio in Buckeye Partners, L.P. (NYSE:BPL) for 3,100 shares. Kcg, a New Jersey-based fund reported 8,625 shares.
Insider Transactions: Since May 20, 2016, the stock had 1 buying transaction, and 4 insider sales for $1.27 million net activity. Shares for $68,265 were sold by Smith Clark C.. Muslih Khalid A sold 7,500 shares worth $562,500. Another trade for 3,500 shares valued at $245,867 was made by Bakker Pieter on Tuesday, August 23. Shares for $150,032 were sold by Pelton Patrick L on Friday, May 20.
Buckeye Partners, L.P. (NYSE:BPL) Ratings Coverage
Out of 9 analysts covering Buckeye Partners (NYSE:BPL), 4 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 44% are positive. Buckeye Partners has been the topic of 18 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The stock of Buckeye Partners, L.P. (NYSE:BPL) earned “Buy” rating by Stifel Nicolaus on Wednesday, March 2. The rating was initiated by Credit Suisse with “Neutral” on Wednesday, October 12. Barclays Capital maintained Buckeye Partners, L.P. (NYSE:BPL) rating on Thursday, May 12. Barclays Capital has “Equalweight” rating and $73 price target. The stock of Buckeye Partners, L.P. (NYSE:BPL) has “Neutral” rating given on Tuesday, March 15 by JP Morgan. As per Monday, September 19, the company rating was upgraded by Goldman Sachs. The rating was initiated by Morgan Stanley on Thursday, February 25 with “Overweight”. The stock has “Neutral” rating given by Mizuho on Friday, September 30. The rating was initiated by DA Davidson with “Neutral” on Monday, November 16. Stifel Nicolaus maintained the shares of BPL in a report on Monday, November 2 with “Buy” rating. The stock has “Buy” rating given by Stifel Nicolaus on Wednesday, October 26.
More notable recent Buckeye Partners, L.P. (NYSE:BPL) news were published by: Forbes.com which released: “Reminder – Buckeye Partners (BPL) Goes Ex-Dividend Soon” on November 08, 2016, also Globenewswire.com with their article: “Buckeye Partners, L.P. Prices $600.0 Million Offering of Senior Notes” published on October 27, 2016, Reuters.com published: “BRIEF-Buckeye Partners LP says no employees injured due to Hurricane Matth…” on October 10, 2016. More interesting news about Buckeye Partners, L.P. (NYSE:BPL) were released by: Fool.com and their article: “Forget Boardwalk Pipeline Partners, Buckeye Partners, LP is a Better Bet” published on July 14, 2016 as well as Nasdaq.com‘s news article titled: “Buckeye Partners, L.P. Provides Update on Hurricane Matthew Recovery and …” with publication date: October 20, 2016.
BPL Company Profile
Buckeye Partners, L.P. (Buckeye), incorporated on July 11, 1986, owns and operates a network of integrated assets providing midstream logistic solutions, primarily consisting of the transportation, storage and marketing of liquid petroleum products. The Firm operates through three divisions: Domestic Pipelines & Terminals, Global Marine Terminals and Merchant Services. Buckeye GP LLC (Buckeye GP) is the Company’s general partner. It is also an independent terminalling and storage operator in the United States in terms of capacity available for service. The Company’s terminal network comprises approximately 120 liquid petroleum products terminals with aggregate storage capacity of over 110 million barrels across its portfolio of pipelines, inland terminals and marine terminals located primarily in the East Coast and Gulf Coast regions of the United States and in the Caribbean.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.