Is there a Bearish outlook for Buckeye Partners, L.P. (NYSE:BPL) this week?

Buckeye Partners, L.P. (NYSE:BPL) Logo
Investors sentiment decreased to 0.87 in 2019 Q2. Its down 0.37, from 1.24 in 2019Q1. It turned negative, as 32 investors sold Buckeye Partners, L.P. shares while 70 reduced holdings. 46 funds opened positions while 43 raised stakes. 112.71 million shares or 8.31% more from 104.06 million shares in 2019Q1 were reported.
Westwood Hldgs Gp reported 158,575 shares. Citigroup Inc holds 0.17% of its portfolio in Buckeye Partners, L.P. (NYSE:BPL) for 5.06 million shares. Gabelli Company Investment Advisers has 0.41% invested in Buckeye Partners, L.P. (NYSE:BPL) for 94,301 shares. Captrust Fin reported 0.03% stake. 129,000 were reported by Sumitomo Mitsui. Hsbc Holdg Public Ltd Co holds 0.1% of its portfolio in Buckeye Partners, L.P. (NYSE:BPL) for 1.31 million shares. Moreover, Kings Point Capital Management has 0% invested in Buckeye Partners, L.P. (NYSE:BPL) for 556 shares. Hilton Management Limited Liability Corp reported 575 shares or 0% of all its holdings. Klingenstein Fields And invested 0.01% in Buckeye Partners, L.P. (NYSE:BPL). Peapack Gladstone has invested 0.03% of its portfolio in Buckeye Partners, L.P. (NYSE:BPL). California Employees Retirement System reported 305,749 shares. Chemical Fincl Bank reported 0.06% in Buckeye Partners, L.P. (NYSE:BPL). Fiduciary Financial Services Of The Southwest Inc Tx owns 14,587 shares or 0.17% of their US portfolio. Private Advisor Gru invested 0.01% in Buckeye Partners, L.P. (NYSE:BPL). Cincinnati Insur, a Ohio-based fund reported 79,294 shares.

Buckeye Partners, L.P. (NYSE:BPL) Ratings Coverage

Among 2 analysts covering Buckeye Partners (NYSE:BPL), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. Buckeye Partners has $41.5000 highest and $41.5000 lowest target. $41.50’s average target is 1.00% above currents $41.09 stock price. Buckeye Partners had 5 analyst reports since May 7, 2019 according to SRatingsIntel. Stifel Nicolaus downgraded it to “Hold” rating and $41.5000 target in Monday, May 13 report. The firm has “Neutral” rating given on Wednesday, May 15 by UBS. Below is a list of Buckeye Partners, L.P. (NYSE:BPL) latest ratings and price target changes.

31/05/2019 Broker: BidaskScore Rating: Sell Upgrade
15/05/2019 Broker: UBS Old Rating: Buy New Rating: Neutral Old Target: $36.0000 New Target: $41.5000 Downgrade
15/05/2019 Broker: Argus Research Old Rating: Hold New Rating: Sell Downgrade
13/05/2019 Broker: Stifel Nicolaus Old Rating: Buy New Rating: Hold Old Target: $34.0000 New Target: $41.5000 Downgrade
07/05/2019 Broker: BidaskScore Rating: Sell Downgrade

The stock decreased 0.32% or $0.13 during the last trading session, reaching $41.09. About 2.90 million shares traded or 93.23% up from the average. Buckeye Partners, L.P. (NYSE:BPL) has risen 21.27% since September 13, 2018 and is uptrending. It has outperformed by 21.27% the S&P500.

Buckeye Partners, L.P. owns and operates liquid petroleum products pipelines in the United States. The company has market cap of $6.33 billion. The firm operates through three divisions: Domestic Pipelines & Terminals, Global Marine Terminals, and Merchant Services. It currently has negative earnings. The Domestic Pipelines & Terminals segment transports liquid petroleum products, including gasoline, jet fuel, diesel fuel, heating oil, and kerosene; refined petroleum products, such as propane and butane, refinery feedstock, and blending components; and crude oil.

More notable recent Buckeye Partners, L.P. (NYSE:BPL) news were published by: Seekingalpha.com which released: “Buckeye Partners declares $0.75 dividend – Seeking Alpha” on May 10, 2019, also Globenewswire.com with their article: “Buckeye Partners, L.P. Agrees to be Acquired by IFM Investors for $41.50 per common unit – GlobeNewswire” published on May 10, 2019, Finance.Yahoo.com published: “Better Buy: Buckeye Partners vs. Enterprise Products Partners L.P. – Yahoo Finance” on June 10, 2019. More interesting news about Buckeye Partners, L.P. (NYSE:BPL) were released by: Seekingalpha.com and their article: “Buckeye Partners Q4 2018 Earnings Preview – Seeking Alpha” published on February 07, 2019 as well as Seekingalpha.com‘s news article titled: “5 Years Since Midstream Peak: Universe Update And In Memoriam – Seeking Alpha” with publication date: August 25, 2019.

Buckeye Partners, L.P. (NYSE:BPL) Institutional Positions Chart

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