Sprague Resources Lpunits Representing Lim (NYSE:SRLP)’s Stock Is Buy After Less Market Selling

Sprague Resources LP (NYSE:SRLP) Logo

Investors sentiment decreased to 0.86 in 2018 Q4. Its down 0.37, from 1.23 in 2018Q3. It is negative, as 5 investors sold Sprague Resources LP shares while 9 reduced holdings. 5 funds opened positions while 7 raised stakes. 4.47 million shares or 5.46% less from 4.73 million shares in 2018Q3 were reported.
Wells Fargo Mn reported 0% in Sprague Resources LP (NYSE:SRLP). Spirit Of America holds 215,782 shares. First Republic Inv Mgmt invested 0% in Sprague Resources LP (NYSE:SRLP). Cohen And Steers Inc reported 153,081 shares. Moreover, Citigroup has 0% invested in Sprague Resources LP (NYSE:SRLP) for 650 shares. Optimum Inv Advsr accumulated 0.02% or 4,000 shares. Citadel Advsr Limited Liability Corp has 0% invested in Sprague Resources LP (NYSE:SRLP) for 12,219 shares. Ameriprise Financial Inc reported 1,000 shares. Gsa Cap Prns Llp reported 15,649 shares. Fort Washington Investment Advisors Oh has invested 0% in Sprague Resources LP (NYSE:SRLP). Morgan Stanley invested in 30,466 shares. Janney Montgomery Scott Limited Com holds 0.01% or 70,541 shares in its portfolio. 42,414 are owned by Bank & Trust Of America De. 72,500 are held by Doheny Asset Mgmt Ca. California Public Employees Retirement Systems stated it has 0% in Sprague Resources LP (NYSE:SRLP).

Since December 7, 2018, it had 0 buys, and 1 insider sale for $37,121 activity.

The stock of Sprague Resources Lpunits Representing Lim (NYSE:SRLP) registered a decrease of 1.79% in short interest. SRLP’s total short interest was 110,000 shares in May as published by FINRA. Its down 1.79% from 112,000 shares, reported previously. With 42,800 shares average volume, it will take short sellers 3 days to cover their SRLP’s short positions. The short interest to Sprague Resources Lpunits Representing Lim’s float is 1.22%.

The stock decreased 1.06% or $0.2 during the last trading session, reaching $18.79. About 22,896 shares traded. Sprague Resources LP (NYSE:SRLP) has declined 32.14% since May 15, 2018 and is downtrending. It has underperformed by 36.51% the S&P500.

Sprague Resources LP engages in the purchase, storage, distribution, and sale of refined petroleum products and natural gas in the United States. The company has market cap of $427.13 million. The firm operates through four divisions: Refined Products, Natural Gas, Materials Handling, and Other Operations. It has a 13.98 P/E ratio. The Refined Products segment purchases and sells various refined products, such as heating oil, diesel fuel, residual fuel oil, kerosene, jet fuel, gasoline, and asphalt to wholesale and commercial customers.

More notable recent Sprague Resources LP (NYSE:SRLP) news were published by: Globenewswire.com which released: “Sprague Resources LP Provides Updated Guidance, Announces Cash Distribution for the Fourth Quarter of 2018 & Fourth Quarter Earnings Conference Call Schedule – GlobeNewswire” on January 23, 2019, also Seekingalpha.com with their article: “Sprague Resources: Distribution Is Definitely Not Covered – Seeking Alpha” published on March 27, 2019, Seekingalpha.com published: “90 Champions, Contenders, And Challengers Are Dividend Stars Per 2019 Wall Street Targets – Seeking Alpha” on January 09, 2019. More interesting news about Sprague Resources LP (NYSE:SRLP) were released by: Seekingalpha.com and their article: “Sector Shrinks, Prices Grow – Seeking Alpha” published on May 12, 2019 as well as Globenewswire.com‘s news article titled: “Sprague Resources LP Announces the closing of Carbo’s Refined Products Terminals on Long Island – GlobeNewswire” with publication date: April 19, 2017.

Sprague Resources LP (NYSE:SRLP) Institutional Positions Chart

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