Martin Midstream Partners L.P. (MMLP) Reaches $14.33 After 5.00% Down Move; Goldman Sachs Group Has Trimmed By $255.16 Million Its Wells Fargo Co New (Call) (WFC) Position

June 11, 2018 - By Clifton Ray

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Goldman Sachs Group Inc decreased Wells Fargo Co New (Call) (WFC) stake by 67.78% reported in 2018Q1 SEC filing. Goldman Sachs Group Inc sold 4.91 million shares as Wells Fargo Co New (Call) (WFC)’s stock declined 8.45%. The Goldman Sachs Group Inc holds 2.33 million shares with $122.25 million value, down from 7.24 million last quarter. Wells Fargo Co New (Call) now has $271.54B valuation. The stock increased 0.08% or $0.04 during the last trading session, reaching $55.72. About 5.39 million shares traded. Wells Fargo & Company (NYSE:WFC) has risen 4.02% since June 11, 2017 and is uptrending. It has underperformed by 8.55% the S&P500. Some Historical WFC News: ; 02/05/2018 – Wells Fargo Advisors LLC Exits Position in TCP Capital; 05/05/2018 – BUFFETT SAYS WELLS FARGO IS A COMPANY THAT PROVED THE EFFICACY OF INCENTIVES; IT’S JUST THAT THEY HAD WRONG INCENTIVES; 03/05/2018 – Wells Fargo Advisors LLC Exits Position in Voxx; 23/04/2018 – Wells Fargo Agrees to $1 Billion Fine in Settlement (Audio); 13/04/2018 – Wells Fargo CFO Shrewsberry on Earnings, Lending, Fed Constraints (Video); 12/04/2018 – Citigroup, J.P. Morgan Chase and Wells Fargo are among the companies scheduled to report Friday morning; 27/03/2018 – FTC: 20180939: Welsh Carson Anderson & Stowe XII, L.P.; Wells Fargo & Company; 08/03/2018 – Wells Fargo’s Mitchem Sees No ‘Wholesale Shift’ from Equities (Video); 09/04/2018 – CFPB IS SAID SEEKING RECORD FINE AGAINST WELLS FARGO: RTRS; 10/05/2018 – Wells Fargo: Growth on Hold — Barrons.com

The stock of Martin Midstream Partners L.P. (NASDAQ:MMLP) is a huge mover today! The stock decreased 2.85% or $0.4205 during the last trading session, reaching $14.3295. About 248,046 shares traded or 96.23% up from the average. Martin Midstream Partners L.P. (NASDAQ:MMLP) has declined 19.40% since June 11, 2017 and is downtrending. It has underperformed by 31.97% the S&P500. Some Historical MMLP News: ; 20/04/2018 – DJ Martin Midstream Partners LP, Inst Holders, 1Q 2018 (MMLP); 21/05/2018 – Martin Midstream Partners L.P. Announces Participation in the 2018 MLP & Energy Infrastructure Conference; 16/03/2018 Martin Midstream Partners L.P. Responds to FERC Announcement; 16/03/2018 – MARTIN MIDSTREAM PARTNERS LP – DOES NOT ANTICIPATE PARTNERSHIP’S CASH FLOW TO BE IMPACTED BY ANNOUNCEMENT FROM FERC; 19/04/2018 – Martin Midstream Partners Announces Quarterly Cash Distribution; 15/05/2018 – Martin Midstream Partners L.P. Announces Participation in Stephens Energy Conference; 25/04/2018 – Martin Midstream Partners 1Q Rev $284.2M; 25/04/2018 – MARTIN MIDSTREAM PARTNERS LP QTRLY NET INCOME PER UNIT ATTRIBUTABLE TO LIMITED PARTNERS – DILUTED $0.32; 25/04/2018 – Martin Midstream Partners 1Q EPS 32c; 26/03/2018 – Martin Midstream Partners Short-Interest Ratio Up to 8 DaysThe move comes after 5 months negative chart setup for the $559.60M company. It was reported on Jun, 11 by Barchart.com. We have $13.61 PT which if reached, will make NASDAQ:MMLP worth $27.98 million less.

Martin Midstream Partners L.P. collects, transports, stores, and markets petroleum products and by-products in the United States Gulf Coast region. The company has market cap of $559.60 million. The companyÂ’s Terminalling and Storage segment owns or operates 26 marine shore terminal facilities and 14 specialty terminal facilities that provide storage, refining, blending, packaging, and handling services for producers and suppliers of petroleum products and by-products. It has a 32.57 P/E ratio. This segment also offers land rental services to gas and oil companies, as well as storage and handling services for lubricants and fuels.

Investors sentiment increased to 1 in 2018 Q1. Its up 0.11, from 0.89 in 2017Q4. It increased, as 7 investors sold Martin Midstream Partners L.P. shares while 14 reduced holdings. 7 funds opened positions while 14 raised stakes. 13.72 million shares or 0.90% less from 13.84 million shares in 2017Q4 were reported. Deutsche Financial Bank Ag holds 0% of its portfolio in Martin Midstream Partners L.P. (NASDAQ:MMLP) for 32,047 shares. Barclays Public Ltd Com has invested 0% in Martin Midstream Partners L.P. (NASDAQ:MMLP). Credit Suisse Ag holds 0% of its portfolio in Martin Midstream Partners L.P. (NASDAQ:MMLP) for 11,705 shares. 60,791 were accumulated by Tru Asset Ltd Liability. Walleye Trading Ltd Liability Corp holds 0% or 42,060 shares. Peak6 L P reported 0% in Martin Midstream Partners L.P. (NASDAQ:MMLP). Bessemer Grp Inc reported 0% of its portfolio in Martin Midstream Partners L.P. (NASDAQ:MMLP). 1,210 are held by Stratos Wealth Prtnrs. Manufacturers Life The owns 4,600 shares. Virtu Finance Limited Liability Corporation holds 0.01% in Martin Midstream Partners L.P. (NASDAQ:MMLP) or 14,093 shares. Rafferty Asset Mgmt Ltd Liability Co owns 0.03% invested in Martin Midstream Partners L.P. (NASDAQ:MMLP) for 148,918 shares. 47,923 were reported by Arrow Invest Advsrs Limited Liability Corporation. First Trust L P owns 603,731 shares. Goldman Sachs Gru stated it has 0% in Martin Midstream Partners L.P. (NASDAQ:MMLP). Citigroup Inc holds 25,798 shares or 0% of its portfolio.

Analysts await Martin Midstream Partners L.P. (NASDAQ:MMLP) to report earnings on July, 25. They expect $0.04 earnings per share, up 33.33% or $0.01 from last year’s $0.03 per share. MMLP’s profit will be $1.56 million for 89.56 P/E if the $0.04 EPS becomes a reality. After $0.32 actual earnings per share reported by Martin Midstream Partners L.P. for the previous quarter, Wall Street now forecasts -87.50% negative EPS growth.

Among 6 analysts covering Martin Midstream Partners LP (NASDAQ:MMLP), 2 have Buy rating, 0 Sell and 4 Hold. Therefore 33% are positive. Martin Midstream Partners LP had 20 analyst reports since September 21, 2015 according to SRatingsIntel. The company was upgraded on Tuesday, December 6 by Stifel Nicolaus. On Monday, December 18 the stock rating was initiated by FBR Capital with “Buy”. Janney Capital initiated it with “Neutral” rating and $22 target in Friday, September 16 report. The company was maintained on Thursday, September 14 by Stifel Nicolaus. The stock of Martin Midstream Partners L.P. (NASDAQ:MMLP) has “Neutral” rating given on Thursday, March 8 by Robert W. Baird. Stifel Nicolaus maintained it with “Hold” rating and $16 target in Friday, April 27 report. Stifel Nicolaus maintained the shares of MMLP in report on Thursday, July 6 with “Hold” rating. RBC Capital Markets maintained the stock with “Hold” rating in Friday, October 27 report. As per Tuesday, December 19, the company rating was maintained by B. Riley & Co. The firm has “Hold” rating given on Friday, July 28 by RBC Capital Markets.

Since January 11, 2018, it had 15 insider purchases, and 2 selling transactions for $46,414 activity. MARTIN RUBEN S also bought $1,508 worth of Martin Midstream Partners L.P. (NASDAQ:MMLP) shares. 273 Martin Midstream Partners L.P. (NASDAQ:MMLP) shares with value of $4,529 were bought by TAUSCHER RANDALL. Another trade for 479 shares valued at $7,080 was made by BONDURANT ROBERT D on Thursday, May 17. $24,177 worth of stock was sold by Shoup Scot A on Thursday, February 22. 5 Martin Midstream Partners L.P. (NASDAQ:MMLP) shares with value of $83 were bought by BOOTH CHRIS H. Martin Product Sales LLC sold $2.24M worth of stock or 150,000 shares.

More important recent Martin Midstream Partners L.P. (NASDAQ:MMLP) news were published by: Globenewswire.com which released: “Martin Midstream Partners LP Announces Participation in Stephens Energy Conference” on May 15, 2018, also Gurufocus.com published article titled: “Martin Midstream Partners Lp (MMLP) President and CEO Ruben S Martin Bought $2.2 million of Shares”, Nasdaq.com published: “Investor Expectations to Drive Momentum within Government Properties Income Trust, International Seaways, SELECT …” on May 18, 2018. More interesting news about Martin Midstream Partners L.P. (NASDAQ:MMLP) was released by: Globenewswire.com and their article: “Martin Midstream Partners LP Announces Participation in the 2018 MLP & Energy Infrastructure Conference” with publication date: May 21, 2018.

Since May 24, 2018, it had 0 insider purchases, and 1 sale for $1.40 million activity. Pelos Petros G sold $1.40M worth of stock.

More notable recent Wells Fargo & Company (NYSE:WFC) news were published by: Fool.com which released: “How Wells Fargo Is Following in Bank of America’s Footsteps” on June 11, 2018, also Fool.com with their article: “Why Wells Fargo Is Leaving the Midwest Behind” published on June 06, 2018, Seekingalpha.com published: “Wells Fargo eyes post-Brexit hubs” on June 04, 2018. More interesting news about Wells Fargo & Company (NYSE:WFC) were released by: Seekingalpha.com and their article: “Wells Fargo: Only Buy On Weakness” published on May 26, 2018 as well as Seekingalpha.com‘s news article titled: “Wells Fargo: Value And Longevity” with publication date: May 21, 2018.

Analysts await Wells Fargo & Company (NYSE:WFC) to report earnings on July, 13. They expect $1.12 EPS, up 4.67% or $0.05 from last year’s $1.07 per share. WFC’s profit will be $5.46 billion for 12.44 P/E if the $1.12 EPS becomes a reality. After $1.12 actual EPS reported by Wells Fargo & Company for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Investors sentiment decreased to 0.59 in Q1 2018. Its down 0.16, from 0.75 in 2017Q4. It fall, as 108 investors sold WFC shares while 790 reduced holdings. 122 funds opened positions while 412 raised stakes. 3.62 billion shares or 0.62% less from 3.64 billion shares in 2017Q4 were reported. The New York-based Markston Intl Limited Liability has invested 1.13% in Wells Fargo & Company (NYSE:WFC). Cannell Peter B holds 0.09% or 45,516 shares in its portfolio. 3.35 million were accumulated by Santa Barbara Asset Mgmt Ltd Liability Co. First City Capital Mgmt stated it has 16,780 shares or 0.66% of all its holdings. 249,633 are owned by Schaper Benz Wise Investment Counsel Inc Wi. Neumann Mgmt Lc holds 46,177 shares. 9,141 are held by Janney Mngmt Ltd Liability Corp. Asset Mgmt Of Georgia Ga Adv reported 16,033 shares or 0.62% of all its holdings. Moreover, Clarivest Asset Management Lc has 0% invested in Wells Fargo & Company (NYSE:WFC) for 22 shares. Wms Ptnrs Limited Company holds 225,092 shares or 1.4% of its portfolio. Patten Patten Tn holds 122,447 shares. Burt Wealth Advsrs, Maryland-based fund reported 6,192 shares. Baldwin Ltd Llc has invested 0.32% of its portfolio in Wells Fargo & Company (NYSE:WFC). Goodwin Daniel L owns 28,800 shares. Lowe Brockenbrough And holds 94,975 shares or 0.74% of its portfolio.

Martin Midstream Partners L.P. (NASDAQ:MMLP) Institutional Positions Chart

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