Oak Ridge Investments Raised Holding in Global Pmts Com (GPN); As Valero Energy Partners LP (VLP) Market Value Declined, Harvest Fund Advisors Has Lowered Its Holding by $11.98 Million

December 18, 2017 - By Vivian Currie

Harvest Fund Advisors Llc decreased its stake in Valero Energy Partners Lp (VLP) by 20.75% based on its latest 2017Q2 regulatory filing with the SEC. Harvest Fund Advisors Llc sold 266,118 shares as the company’s stock declined 7.37% while stock markets rallied. The hedge fund held 1.02M shares of the natural gas distribution company at the end of 2017Q2, valued at $46.40M, down from 1.28M at the end of the previous reported quarter. Harvest Fund Advisors Llc who had been investing in Valero Energy Partners Lp for a number of months, seems to be less bullish one the $3.02B market cap company. The stock decreased 1.36% or $0.59 during the last trading session, reaching $42.67. About 228,915 shares traded or 142.63% up from the average. Valero Energy Partners LP (NYSE:VLP) has risen 4.06% since December 18, 2016 and is uptrending. It has underperformed by 12.64% the S&P500.

Oak Ridge Investments Llc increased its stake in Global Pmts Inc Com (GPN) by 89.19% based on its latest 2017Q2 regulatory filing with the SEC. Oak Ridge Investments Llc bought 22,770 shares as the company’s stock rose 15.51% with the market. The institutional investor held 48,300 shares of the business services company at the end of 2017Q2, valued at $4.36M, up from 25,530 at the end of the previous reported quarter. Oak Ridge Investments Llc who had been investing in Global Pmts Inc Com for a number of months, seems to be bullish on the $15.86 billion market cap company. The stock increased 0.32% or $0.32 during the last trading session, reaching $99.67. About 412,063 shares traded. Global Payments Inc. (NYSE:GPN) has risen 21.35% since December 18, 2016 and is uptrending. It has outperformed by 4.65% the S&P500.

Investors sentiment decreased to 0.72 in Q2 2017. Its down 0.47, from 1.19 in 2017Q1. It turned negative, as 11 investors sold VLP shares while 32 reduced holdings. 9 funds opened positions while 22 raised stakes. 20.72 million shares or 4.24% less from 21.64 million shares in 2017Q1 were reported. Samson Mgmt Lc holds 7.36% or 163,362 shares. Westwood Gp Inc invested in 0.04% or 108,751 shares. Susquehanna Group Llp holds 0% or 6,147 shares in its portfolio. Raymond James Assoc accumulated 4,460 shares. Nelson Van Denburg Campbell Wealth Mngmt Gru Lc owns 181 shares. Bank & Trust Of Montreal Can reported 13,000 shares or 0% of all its holdings. Mai Mgmt holds 149,709 shares or 0.44% of its portfolio. Pnc Fincl Gp Inc holds 0% of its portfolio in Valero Energy Partners LP (NYSE:VLP) for 2,870 shares. Harvest Fund Advsrs Limited Liability Co reported 1.02M shares. Morgan Stanley stated it has 309,190 shares. Tortoise Capital Advisors Lc invested in 1.69% or 5.71M shares. Nbw Ltd reported 166,102 shares stake. Country Club Tru Na has 10,939 shares. Nuveen Asset Mngmt Ltd Liability Corp owns 27,518 shares. Renaissance Tech Lc holds 0.01% of its portfolio in Valero Energy Partners LP (NYSE:VLP) for 123,609 shares.

Harvest Fund Advisors Llc, which manages about $5.20 billion and $9.71B US Long portfolio, upped its stake in Western Refng Logistics Lp (NYSE:WNRL) by 253,110 shares to 4.86 million shares, valued at $124.58 million in 2017Q2, according to the filing. It also increased its holding in Tallgrass Energy Gp Lp by 300,561 shares in the quarter, for a total of 1.79 million shares, and has risen its stake in Dcp Midstream Lp (NYSE:DPM).

Among 13 analysts covering Valero Energy Partners LP (NYSE:VLP), 10 have Buy rating, 0 Sell and 3 Hold. Therefore 77% are positive. Valero Energy Partners LP had 33 analyst reports since August 6, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Tuesday, March 7 by Jefferies. The stock has “Buy” rating by Scotia Capital on Friday, April 28. The firm has “Buy” rating given on Wednesday, August 23 by Jefferies. RBC Capital Markets maintained Valero Energy Partners LP (NYSE:VLP) rating on Monday, October 30. RBC Capital Markets has “Buy” rating and $55.0 target. RBC Capital Markets maintained it with “Buy” rating and $6200 target in Sunday, July 30 report. Jefferies initiated the stock with “Buy” rating in Tuesday, August 23 report. The rating was initiated by Morgan Stanley with “Overweight” on Thursday, February 25. The company was downgraded on Tuesday, October 13 by Credit Suisse. On Friday, January 6 the stock rating was downgraded by Morgan Stanley to “Equal-Weight”. Jefferies maintained the shares of VLP in report on Thursday, June 22 with “Hold” rating.

Analysts await Valero Energy Partners LP (NYSE:VLP) to report earnings on February, 1. They expect $0.74 EPS, down 3.90% or $0.03 from last year’s $0.77 per share. VLP’s profit will be $52.29 million for 14.42 P/E if the $0.74 EPS becomes a reality. After $0.65 actual EPS reported by Valero Energy Partners LP for the previous quarter, Wall Street now forecasts 13.85% EPS growth.

Among 36 analysts covering Global Payments Inc. (NYSE:GPN), 29 have Buy rating, 1 Sell and 6 Hold. Therefore 81% are positive. Global Payments Inc. had 103 analyst reports since July 29, 2015 according to SRatingsIntel. On Thursday, June 1 the stock rating was initiated by Stifel Nicolaus with “Buy”. The stock of Global Payments Inc. (NYSE:GPN) has “Overweight” rating given on Thursday, April 7 by JP Morgan. The company was maintained on Thursday, December 24 by Topeka Capital Markets. The firm earned “Hold” rating on Thursday, August 3 by Piper Jaffray. On Monday, November 27 the stock rating was maintained by RBC Capital Markets with “Buy”. On Thursday, December 17 the stock rating was initiated by Sterne Agee CRT with “Buy”. The company was maintained on Friday, August 4 by BMO Capital Markets. RBC Capital Markets maintained Global Payments Inc. (NYSE:GPN) on Thursday, November 9 with “Buy” rating. The rating was maintained by Robert W. Baird with “Outperform” on Thursday, October 6. The stock of Global Payments Inc. (NYSE:GPN) has “Outperform” rating given on Wednesday, July 29 by Oppenheimer.

Investors sentiment decreased to 0.89 in Q2 2017. Its down 0.07, from 0.96 in 2017Q1. It dropped, as 32 investors sold GPN shares while 156 reduced holdings. 60 funds opened positions while 108 raised stakes. 147.59 million shares or 1.36% less from 149.63 million shares in 2017Q1 were reported. Insight 2811 Inc invested in 2,958 shares. Louisiana State Employees Retirement Systems holds 9,500 shares. Morgan Dempsey Management Llc, Wisconsin-based fund reported 1,938 shares. Raymond James & has 0.01% invested in Global Payments Inc. (NYSE:GPN). Clarivest Asset Limited Liability Corp holds 0.34% of its portfolio in Global Payments Inc. (NYSE:GPN) for 160,869 shares. Service owns 3 shares or 0% of their US portfolio. Bnp Paribas Arbitrage Sa owns 120,679 shares or 0.03% of their US portfolio. Twin Tree Mgmt LP holds 0.01% or 16,672 shares. Gam Ag has 0.01% invested in Global Payments Inc. (NYSE:GPN). New York State Common Retirement Fund accumulated 642,966 shares. First Fincl Bank has 60,640 shares. 2,875 are owned by First Personal. Voya Inv Mngmt Ltd Llc has invested 0.15% in Global Payments Inc. (NYSE:GPN). Netherlands-based Shell Asset Mgmt Communications has invested 0.02% in Global Payments Inc. (NYSE:GPN). Caisse De Depot Et Placement Du Quebec invested in 24,900 shares.

Oak Ridge Investments Llc, which manages about $4.04B and $3.13 billion US Long portfolio, decreased its stake in Abiomed Inc Com (NASDAQ:ABMD) by 3,839 shares to 433,101 shares, valued at $62.06M in 2017Q2, according to the filing. It also reduced its holding in Ligand Pharmaceuticals Inc Com (NASDAQ:LGND) by 4,453 shares in the quarter, leaving it with 566,102 shares, and cut its stake in Penumbra Inc Com.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.



Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: