Miller Howard Investments Cut Its Mplx LP Com Unit Rep LTD (MPLX) Stake; 2 Analysts Are Bullish Safe Bulkers, Inc. (SB) Last Week

June 18, 2018 - By Darrin Black

Safe Bulkers, Inc. (NYSE:SB) Logo

Among 8 analysts covering Safe Bulkers (NYSE:SB), 2 have Buy rating, 2 Sell and 4 Hold. Therefore 25% are positive. Safe Bulkers had 30 analyst reports since October 23, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Monday, August 21 by Maxim Group. The firm has “Hold” rating given on Monday, July 3 by Jefferies. The firm earned “Hold” rating on Friday, October 20 by Stifel Nicolaus. The company was initiated on Friday, January 20 by Stifel Nicolaus. The firm earned “Sell” rating on Thursday, November 2 by Citigroup. The stock of Safe Bulkers, Inc. (NYSE:SB) earned “Buy” rating by Maxim Group on Friday, November 17. Jefferies initiated the stock with “Hold” rating in Monday, December 18 report. The firm has “Underperform” rating given on Friday, July 29 by Credit Suisse. As per Tuesday, March 28, the company rating was upgraded by Morgan Stanley. As per Monday, April 23, the company rating was maintained by Stifel Nicolaus. See Safe Bulkers, Inc. (NYSE:SB) latest ratings:

31/05/2018 Broker: Maxim Group Rating: Buy New Target: $6.0000 Maintain
25/05/2018 Broker: Maxim Group Rating: Buy New Target: $5.5000 Maintain
23/04/2018 Broker: Stifel Nicolaus Rating: Hold New Target: $3.2500 Maintain
17/04/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $3.7 New Target: $3.5 Maintain
15/02/2018 Broker: Stifel Nicolaus Rating: Hold New Target: $2.75 Maintain
12/02/2018 Broker: Morgan Stanley Old Rating: Overweight New Rating: Equal-Weight Downgrade
08/02/2018 Broker: Maxim Group Rating: Buy New Target: $5.0 Maintain
26/01/2018 Broker: Jefferies Rating: Hold New Target: $3.5 Maintain

Miller Howard Investments Inc decreased Mplx Lp Com Unit Rep Ltd (MPLX) stake by 5.44% reported in 2018Q1 SEC filing. Miller Howard Investments Inc sold 223,040 shares as Mplx Lp Com Unit Rep Ltd (MPLX)’s stock rose 0.85%. The Miller Howard Investments Inc holds 3.88 million shares with $128.19M value, down from 4.10M last quarter. Mplx Lp Com Unit Rep Ltd now has $27.36B valuation. The stock decreased 2.55% or $0.9 during the last trading session, reaching $34.46. About 1.88 million shares traded or 14.14% up from the average. MPLX LP (NYSE:MPLX) has risen 2.16% since June 18, 2017 and is uptrending. It has underperformed by 10.41% the S&P500. Some Historical MPLX News: ; 30/04/2018 – MPLX LP 1Q Rev $1.42B; 30/04/2018 – MPLX 1Q ADJ EBITDA $762M, EST. $723.6M; 30/04/2018 – MPLX LP AFFIRMED 2018 DISTRIBUTION GROWTH GUIDANCE VIEW; 30/04/2018 – MARATHON TO REVIEW MPLX, ANDEAVOR MLP STATUS AFTER DEAL CLOSES; 21/04/2018 – DJ MPLX LP, Inst Holders, 1Q 2018 (MPLX); 23/03/2018 – MPLX LP MPLX.N : MORGAN STANLEY RAISES TO OVERWEIGHT FROM EQUAL-WEIGHT; 30/04/2018 – Fitch: MPLX and Andeavor Logistics Not Impacted by Announced Merger of Sponsors; 12/03/2018 – Marathon Petroleum Corp. names Kristina A. Kazarian vice president of Investor Relations; 16/03/2018 – MPLX: FERC Revisions to Have De Minimis Effect on Earnings, Cash Flow; 25/04/2018 – MPLX LP BOOSTS QTR DISTRIBUTION TO 61.75C/UNIT FROM 60.75C

More important recent Safe Bulkers, Inc. (NYSE:SB) news were published by: Seekingalpha.com which released: “An 8.5% Yield As This Profitable Company Deleverages Its Balance Sheet” on June 13, 2018, also Seekingalpha.com published article titled: “More on Safe Bulkers Q1 results”, Fool.com published: “Why Safe Bulkers Stock Popped 12% Today” on May 31, 2018. More interesting news about Safe Bulkers, Inc. (NYSE:SB) was released by: Streetinsider.com and their article: “After-Hours Stock Movers 05/29: (CRM) (SB) (TRXC) Higher; (TTOO) (MCHX) Lower (more…)” with publication date: May 29, 2018.

The stock decreased 1.81% or $0.07 during the last trading session, reaching $3.8. About 382,376 shares traded. Safe Bulkers, Inc. (NYSE:SB) has risen 45.45% since June 18, 2017 and is uptrending. It has outperformed by 32.88% the S&P500. Some Historical SB News: ; 16/03/2018 – Safe Bulkers Closes Below 50-Day Moving Average: Technicals; 05/03/2018 Safe Bulkers, Inc. Announces Filing of 2017 Annual Report on Form 20-F; 29/05/2018 – SAFE BULKERS 1Q NET REV. $43.5M, EST. $41.7M; 29/05/2018 – SAFE BULKERS 1Q ADJ EPS 3C, EST. 2C; 29/05/2018 – Correct: Safe Bulkers 1Q EPS 3c, Not Loss/Shr 7c; 07/03/2018 – Safe Bulkers, Inc. Announces Participation at the 11th DNB Oil, Offshore and Shipping Conference and 12th Annual Capital Link I; 29/05/2018 – Safe Bulkers 1Q Rev $43.5M; 29/05/2018 – Safe Bulkers 1Q Loss/Shr 7c

Safe Bulkers, Inc. provides marine drybulk transportation services worldwide. The company has market cap of $385.87 million. It is involved in the acquisition, ownership, and operation of drybulk vessels for transporting bulk cargoes, primarily coal, grain, and iron ore. It currently has negative earnings. As of February 17, 2017, the firm had a fleet of 38 drybulk vessels with an aggregate carrying capacity of 3,421,800 deadweight tons.

Another recent and important MPLX LP (NYSE:MPLX) news was published by Fool.com which published an article titled: “This High-Yield Stock Looks Enticing Right Now” on June 06, 2018.

Miller Howard Investments Inc increased Pembina Pipeline Corp Com (NYSE:PBA) stake by 87,530 shares to 1.48M valued at $46.25 million in 2018Q1. It also upped Andeavor Logistics Lp Com Unit stake by 448,267 shares and now owns 1.06M shares. Williams Partners LP New Com (ACMP) was raised too.

Investors sentiment increased to 1.34 in Q1 2018. Its up 0.52, from 0.82 in 2017Q4. It improved, as 18 investors sold MPLX shares while 69 reduced holdings. 24 funds opened positions while 93 raised stakes. 241.70 million shares or 3.53% less from 250.53 million shares in 2017Q4 were reported. Virtu Financial Ltd invested in 48,700 shares or 0.09% of the stock. Keybank National Association Oh stated it has 10,534 shares or 0% of all its holdings. Pnc Fin Services Group reported 0.01% stake. Moreover, Adirondack Trust Commerce has 0% invested in MPLX LP (NYSE:MPLX) for 160 shares. Northwestern Mutual Wealth Company has invested 0% in MPLX LP (NYSE:MPLX). The New York-based Estabrook Capital has invested 0% in MPLX LP (NYSE:MPLX). Mngmt holds 1,090 shares or 0.02% of its portfolio. Parkside Retail Bank Trust invested in 0.59% or 47,433 shares. Miller Howard Ny holds 3.03% or 3.88 million shares. 13,207 were reported by Guardian Ltd Partnership. Sei Communication invested in 813 shares or 0% of the stock. Hilton Capital Management Ltd accumulated 7,785 shares. 10,858 are owned by Gsa Capital Llp. Salient Tru Lta invested 0.09% of its portfolio in MPLX LP (NYSE:MPLX). Loomis Sayles & Com LP invested 0% of its portfolio in MPLX LP (NYSE:MPLX).

Analysts await MPLX LP (NYSE:MPLX) to report earnings on July, 26. They expect $0.55 earnings per share, up 111.54% or $0.29 from last year’s $0.26 per share. MPLX’s profit will be $436.68 million for 15.66 P/E if the $0.55 EPS becomes a reality. After $0.61 actual earnings per share reported by MPLX LP for the previous quarter, Wall Street now forecasts -9.84% negative EPS growth.

MPLX LP (NYSE:MPLX) Institutional Positions Chart

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