Buckeye Partners, L.P. (BPL) Reaches $60.15 52 Week Low, Clearbridge Investments Cut Its Ebay (EBAY) Holding

June 20, 2017 - By Winifred Garcia

Clearbridge Investments Llc decreased Ebay Inc (EBAY) stake by 3.68% reported in 2016Q4 SEC filing. Clearbridge Investments Llc sold 230,279 shares as Ebay Inc (EBAY)’s stock rose 0.21%. The Clearbridge Investments Llc holds 6.03M shares with $179.10 million value, down from 6.26 million last quarter. Ebay Inc now has $39.20 billion valuation. The stock rose 0.98% or $0.34 reaching $35.24. About 1.79M shares traded. eBay Inc (NASDAQ:EBAY) has risen 44.45% since June 20, 2016 and is uptrending. It has outperformed by 27.75% the S&P500.

The stock of Buckeye Partners, L.P. (NYSE:BPL) hit a new 52-week low and has $57.74 target or 4.00% below today’s $60.15 share price. The 9 months bearish chart indicates high risk for the $8.46B company. The 1-year low was reported on Jun, 20 by Barchart.com. If the $57.74 price target is reached, the company will be worth $338.40 million less. About 118,083 shares traded. Buckeye Partners, L.P. (NYSE:BPL) has declined 5.99% since June 20, 2016 and is downtrending. It has underperformed by 22.69% the S&P500.

Among 36 analysts covering eBay Inc (NASDAQ:EBAY), 17 have Buy rating, 3 Sell and 16 Hold. Therefore 47% are positive. eBay Inc had 76 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was downgraded by Cantor Fitzgerald on Thursday, September 10 to “Hold”. The stock of eBay Inc (NASDAQ:EBAY) earned “Hold” rating by Stifel Nicolaus on Thursday, January 26. The company was downgraded on Thursday, July 23 by Raymond James. Credit Suisse maintained the shares of EBAY in report on Monday, April 18 with “Neutral” rating. The firm has “Strong Buy” rating given on Friday, March 18 by Jyske Bank. The stock of eBay Inc (NASDAQ:EBAY) has “Equal Weight” rating given on Thursday, July 23 by Morgan Stanley. Axiom Capital maintained the shares of EBAY in report on Wednesday, September 2 with “Buy” rating. Citigroup maintained eBay Inc (NASDAQ:EBAY) on Friday, April 1 with “Buy” rating. The firm has “Sector Perform” rating by FBN Securities given on Thursday, July 23. The rating was maintained by Morgan Stanley with “Underweight” on Thursday, July 21.

Since January 30, 2017, it had 0 insider purchases, and 18 insider sales for $16.24 million activity. SWAN ROBERT HOLMES sold $6.42 million worth of stock. FISHER STEPHEN sold $223,808 worth of stock. Mitic Kathleen C. sold $402,568 worth of stock. TIERNEY THOMAS J had sold 6,014 shares worth $200,157 on Wednesday, February 8. Lee Jae Hyun sold $216,629 worth of eBay Inc (NASDAQ:EBAY) on Monday, February 27. $1.20 million worth of eBay Inc (NASDAQ:EBAY) was sold by PITTMAN RAYMOND J on Wednesday, May 31. Lawton III Harry A sold $451,922 worth of stock or 13,400 shares.

Investors sentiment increased to 0.97 in Q4 2016. Its up 0.22, from 0.75 in 2016Q3. It increased, as 77 investors sold EBAY shares while 258 reduced holdings. 88 funds opened positions while 236 raised stakes. 889.22 million shares or 2.82% less from 915.05 million shares in 2016Q3 were reported. Synovus Financial accumulated 21,936 shares. Delta Lloyd Nv owns 118,135 shares. Fukoku Mutual Life Insurance holds 5,600 shares. Citadel Advsrs Limited Liability Corporation invested in 0% or 62,248 shares. 460,082 are held by . Moreover, Commercial Bank has 0.01% invested in eBay Inc (NASDAQ:EBAY) for 1,369 shares. Old National Comml Bank In holds 0.09% of its portfolio in eBay Inc (NASDAQ:EBAY) for 51,085 shares. Aqr Mgmt Ltd Company holds 11.54 million shares or 0.47% of its portfolio. Thompson Siegel & Walmsley Limited Liability Company accumulated 261,347 shares or 0.1% of the stock. Balyasny Asset Mgmt Lc invested in 6.14M shares or 0.98% of the stock. 402,954 are owned by Voya Inv Mngmt Limited Liability Co. The New York-based Ulysses Ltd Liability Co has invested 1.85% in eBay Inc (NASDAQ:EBAY). 17,706 were accumulated by Ghp Investment Advsr. Cwm holds 0% or 203 shares in its portfolio. 315,324 were accumulated by Grandfield And Dodd Limited Co.

Analysts await eBay Inc (NASDAQ:EBAY) to report earnings on July, 19. They expect $0.36 EPS, 0.00% or $0.00 from last year’s $0.36 per share. EBAY’s profit will be $400.45 million for 24.47 P/E if the $0.36 EPS becomes a reality. After $0.43 actual EPS reported by eBay Inc for the previous quarter, Wall Street now forecasts -16.28% negative EPS growth.

Clearbridge Investments Llc increased National Oilwell Varco Inc (NYSE:NOV) stake by 348,449 shares to 12.85M valued at $481.08M in 2016Q4. It also upped Grainger W W Inc (NYSE:GWW) stake by 81,452 shares and now owns 954,907 shares. Tractor Supply Co (NASDAQ:TSCO) was raised too.

Among 11 analysts covering Buckeye Partners (NYSE:BPL), 3 have Buy rating, 0 Sell and 8 Hold. Therefore 27% are positive. Buckeye Partners had 25 analyst reports since August 4, 2015 according to SRatingsIntel. Goldman Sachs upgraded the shares of BPL in report on Monday, September 19 to “Buy” rating. The rating was initiated by Goldman Sachs with “Neutral” on Thursday, August 25. The firm has “Overweight” rating given on Thursday, February 25 by Morgan Stanley. Stifel Nicolaus maintained the shares of BPL in report on Wednesday, March 2 with “Buy” rating. JP Morgan maintained Buckeye Partners, L.P. (NYSE:BPL) rating on Tuesday, March 15. JP Morgan has “Neutral” rating and $76 target. The company was initiated on Friday, September 30 by Mizuho. Stifel Nicolaus upgraded the stock to “Buy” rating in Monday, May 8 report. The firm has “Neutral” rating by Mizuho given on Monday, February 13. On Thursday, December 15 the stock rating was downgraded by Goldman Sachs to “Neutral”. The company was initiated on Wednesday, October 12 by Credit Suisse.

Buckeye Partners, L.P. owns and operates a network of integrated assets providing midstream logistic solutions, primarily consisting of the transportation, storage, processing and marketing of liquid petroleum products. The company has market cap of $8.46 billion. The Company’s divisions include Domestic Pipelines & Terminals, Global Marine Terminals and Merchant Services. It has a 15.38 P/E ratio. As of December 31, 2016, the Domestic Pipelines & Terminals segment owned and operated approximately 6,000 miles of pipeline located primarily in the northeastern and upper Midwestern portions of the United States, and serviced approximately 110 delivery locations.

Since December 21, 2016, it had 0 buys, and 1 sale for $219,760 activity. 3,500 shares valued at $227,833 were sold by St Clair Keith on Wednesday, December 21. On Wednesday, May 24 RUSSO TODD J sold $219,760 worth of Buckeye Partners, L.P. (NYSE:BPL) or 3,280 shares.

Investors sentiment decreased to 1.06 in 2016 Q4. Its down 0.46, from 1.52 in 2016Q3. It turned negative, as 37 investors sold Buckeye Partners, L.P. shares while 87 reduced holdings. 30 funds opened positions while 101 raised stakes. 94.57 million shares or 6.05% more from 89.17 million shares in 2016Q3 were reported. Parametric Port Assoc Limited stated it has 0.04% of its portfolio in Buckeye Partners, L.P. (NYSE:BPL). Fort Washington Inv Oh holds 0.08% in Buckeye Partners, L.P. (NYSE:BPL) or 73,300 shares. Lucas Capital Mngmt invested in 14,432 shares. Folger Nolan Fleming Douglas Capital Management Inc reported 8,550 shares. 77,738 are held by Liberty Mutual Gp Asset Management. Lazard Asset Mngmt Lc invested 0% of its portfolio in Buckeye Partners, L.P. (NYSE:BPL). Travelers reported 19,500 shares. Franklin Res reported 9,750 shares stake. Harvest Fund Advsrs Ltd Liability Com reported 8.35M shares or 5.69% of all its holdings. Royal Financial Bank Of Canada has 0.03% invested in Buckeye Partners, L.P. (NYSE:BPL). 12,130 were accumulated by Maple Cap Mgmt. Altfest L J & Communications reported 3,350 shares stake. Salient Cap Advsr Llc holds 0.03% of its portfolio in Buckeye Partners, L.P. (NYSE:BPL) for 23,044 shares. Westwood Mngmt Corporation Il stated it has 0.09% in Buckeye Partners, L.P. (NYSE:BPL). One National Association has 0.04% invested in Buckeye Partners, L.P. (NYSE:BPL).

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