Bridgecreek Investment Management Cut Ngl Energy Partners LP (NGL) Position By $584,500; Genesis Energy LP (GEL) Sentiment Is 1

May 21, 2018 - By Henry Gaston

Genesis Energy, L.P. (NYSE:GEL) Logo

Bridgecreek Investment Management Llc decreased Ngl Energy Partners Lp (NGL) stake by 42.71% reported in 2017Q4 SEC filing. Bridgecreek Investment Management Llc sold 41,750 shares as Ngl Energy Partners Lp (NGL)’s stock declined 27.18%. The Bridgecreek Investment Management Llc holds 56,000 shares with $787,000 value, down from 97,750 last quarter. Ngl Energy Partners Lp now has $1.31 billion valuation. The stock increased 0.23% or $0.02 during the last trading session, reaching $10.77. About 254,382 shares traded. NGL Energy Partners LP (NYSE:NGL) has declined 50.71% since May 21, 2017 and is downtrending. It has underperformed by 62.26% the S&P500.

Genesis Energy LP (GEL) investors sentiment increased to 1 in Q4 2017. It’s up 0.19, from 0.81 in 2017Q3. The ratio has increased, as 64 active investment managers increased and started new stock positions, while 64 trimmed and sold stakes in Genesis Energy LP. The active investment managers in our database now possess: 87.56 million shares, down from 87.79 million shares in 2017Q3. Also, the number of active investment managers holding Genesis Energy LP in top ten stock positions was flat from 4 to 4 for the same number . Sold All: 20 Reduced: 44 Increased: 39 New Position: 25.

More recent Genesis Energy, L.P. (NYSE:GEL) news were published by: Finance.Yahoo.com which released: “Is Genesis Energy LP. (NYSE:GEL) A Smart Pick For Income Investors?” on April 26, 2018. Also Benzinga.com published the news titled: “Earnings Scheduled For May 4, 2018” on May 04, 2018. Benzinga.com‘s news article titled: “Pre-Market Technical Pulse on Oil & Gas Pipelines Stocks — Genesis Energy, Enbridge, Kinder Morgan, and MPLX” with publication date: May 08, 2018 was also an interesting one.

Genesis Energy, L.P. operates in the midstream segment of the natural gas and crude oil industry. The company has market cap of $2.76 billion. It operates through four divisions: Offshore Pipeline Transportation, Refinery Services, Marine Transportation, and Supply and Logistics. It has a 45.09 P/E ratio. The Offshore Pipeline Transportation segment engages in the pipeline transportation and processing of natural gas and crude oil.

Ratings analysis reveals 0 of Genesis Energy L.P.’s analysts are positive. Out of 3 Wall Street analysts rating Genesis Energy L.P., 0 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $38.0 while the high is $40.0. The stock’s average target of $39 is 73.33% above today’s ($22.5) share price. GEL was included in 3 notes of analysts from October 17, 2016. CapitalOne initiated the stock with “Equal Weight” rating in Monday, October 17 report. RBC Capital Markets downgraded it to “Sector Perform” rating and $38.0 target in Friday, February 17 report. As per Friday, November 4, the company rating was downgraded by Credit Suisse.

Analysts await Genesis Energy, L.P. (NYSE:GEL) to report earnings on August, 1. They expect $0.25 earnings per share, down 10.71% or $0.03 from last year’s $0.28 per share. GEL’s profit will be $30.64 million for 22.50 P/E if the $0.25 EPS becomes a reality. After $0.22 actual earnings per share reported by Genesis Energy, L.P. for the previous quarter, Wall Street now forecasts 13.64% EPS growth.

Texas Capital Bancshares Inc Tx holds 14.98% of its portfolio in Genesis Energy, L.P. for 300,000 shares. Rr Advisors Llc owns 2.32 million shares or 7.21% of their US portfolio. Moreover, Chickasaw Capital Management Llc has 4.83% invested in the company for 10.35 million shares. The Texas-based Salient Capital Advisors Llc has invested 3.14% in the stock. C.V. Starr & Co. Inc. Trust, a New York-based fund reported 300,000 shares.

Since January 1, 0001, it had 2 insider buys, and 1 sale for $570,400 activity.

The stock increased 1.12% or $0.25 during the last trading session, reaching $22.5. About 256,018 shares traded. Genesis Energy, L.P. (GEL) has declined 39.36% since May 21, 2017 and is downtrending. It has underperformed by 50.91% the S&P500.

Investors sentiment decreased to 0.76 in Q4 2017. Its down 0.24, from 1 in 2017Q3. It turned negative, as 12 investors sold NGL shares while 39 reduced holdings. 21 funds opened positions while 18 raised stakes. 74.82 million shares or 0.54% more from 74.43 million shares in 2017Q3 were reported. Janney Montgomery Scott Ltd Liability owns 0.01% invested in NGL Energy Partners LP (NYSE:NGL) for 82,949 shares. Koch Industries holds 19,373 shares. Bb&T Securities Ltd Co holds 0% in NGL Energy Partners LP (NYSE:NGL) or 25,910 shares. Blackstone Lp owns 8.22 million shares or 0.47% of their US portfolio. Northwestern Mutual Wealth Mgmt owns 2,869 shares for 0% of their portfolio. Metropolitan Life Com New York reported 280,000 shares stake. Moreover, Morgan Stanley has 0.01% invested in NGL Energy Partners LP (NYSE:NGL). Royal Savings Bank Of Canada, Ontario – Canada-based fund reported 151,846 shares. Prescott Gp Capital Mngmt Lc invested in 0.28% or 96,235 shares. 1.59 million are owned by Goldman Sachs Grp Inc. Neuberger Berman Group Incorporated Limited Liability Corp reported 87,437 shares. Commonwealth Of Pennsylvania Pub School Empls Retrmt reported 1.54 million shares or 0.3% of all its holdings. Regions Corp stated it has 2,000 shares. Deutsche Financial Bank Ag holds 60,665 shares or 0% of its portfolio. 12,200 were reported by Security Savings Bank Of Sioux City Iowa Ia.

Analysts await NGL Energy Partners LP (NYSE:NGL) to report earnings on May, 24. They expect $0.45 earnings per share, up 221.43% or $0.31 from last year’s $0.14 per share. NGL’s profit will be $54.53 million for 5.98 P/E if the $0.45 EPS becomes a reality. After $0.32 actual earnings per share reported by NGL Energy Partners LP for the previous quarter, Wall Street now forecasts 40.63% EPS growth.

More news for NGL Energy Partners LP (NYSE:NGL) were recently published by: Globenewswire.com, which released: “Investor Expectations to Drive Momentum within Masco, Murphy Oil, NGL Energy Partners LP, PBF Energy, PDL …” on May 08, 2018. Businesswire.com‘s article titled: “NGL Energy Partners Announces Quarterly Cash Distribution” and published on April 24, 2018 is yet another important article.

Bridgecreek Investment Management Llc increased Teladoc Inc stake by 51,250 shares to 142,675 valued at $4.97 million in 2017Q4. It also upped Idexx Laboratories Inc (NASDAQ:IDXX) stake by 6,405 shares and now owns 66,090 shares. Edwards Lifesciences Corp (NYSE:EW) was raised too.

Since March 16, 2018, it had 1 insider purchase, and 0 sales for $336,747 activity. KRIMBILL H MICHAEL had bought 30,000 shares worth $336,747 on Friday, March 16.

Among 11 analysts covering NGL ENERGY PARTNERS LP (NYSE:NGL), 6 have Buy rating, 1 Sell and 4 Hold. Therefore 55% are positive. NGL ENERGY PARTNERS LP had 49 analyst reports since August 11, 2015 according to SRatingsIntel. The stock of NGL Energy Partners LP (NYSE:NGL) earned “Hold” rating by Stifel Nicolaus on Thursday, March 15. The rating was maintained by Wunderlich with “Hold” on Thursday, February 11. The firm has “Hold” rating by Stifel Nicolaus given on Tuesday, January 12. The company was downgraded on Friday, March 11 by Goldman Sachs. Wunderlich maintained NGL Energy Partners LP (NYSE:NGL) rating on Tuesday, August 25. Wunderlich has “Buy” rating and $30.0 target. Stifel Nicolaus maintained the shares of NGL in report on Wednesday, November 30 with “Buy” rating. As per Monday, February 12, the company rating was maintained by RBC Capital Markets. The stock has “Outperform” rating by Raymond James on Thursday, January 12. Wunderlich maintained NGL Energy Partners LP (NYSE:NGL) rating on Wednesday, November 11. Wunderlich has “Buy” rating and $24 target. As per Wednesday, February 8, the company rating was downgraded by Stifel Nicolaus.

Genesis Energy, L.P. (NYSE:GEL) Institutional Positions Chart

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.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter:


Recent Posts