Cacti Asset Management Has Upped Kkr & Co LP Del (KKR) Position; Buckeye Partners LP (BPL) Has 1 Sentiment

Cacti Asset Management Llc increased Kkr & Co Lp Del (KKR) stake by 30.71% reported in 2017Q3 SEC filing. Cacti Asset Management Llc acquired 43,000 shares as Kkr & Co Lp Del (KKR)’s stock rose 1.10%. The Cacti Asset Management Llc holds 183,000 shares with $3.64M value, up from 140,000 last quarter. Kkr & Co Lp Del now has $17.31 billion valuation. The stock increased 0.14% or $0.03 during the last trading session, reaching $21.18. About 1.93 million shares traded. KKR & Co. L.P. (NYSE:KKR) has risen 43.92% since December 23, 2016 and is uptrending. It has outperformed by 27.22% the S&P500.

Buckeye Partners, L.P. owns and operates liquid petroleum products pipelines in the United States. The company has market cap of $4.13 billion. The firm operates through three divisions: Domestic Pipelines & Terminals, Global Marine Terminals, and Merchant Services. It has a 14.73 P/E ratio. 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.

Trust Asset Management Llc holds 5.04% of its portfolio in Buckeye Partners, L.P. for 242,822 shares. Center Coast Capital Advisors Lp owns 3.48 million shares or 4.92% of their US portfolio. Moreover, C.V. Starr & Co. Inc. Trust has 4.75% invested in the company for 180,000 shares. The Colorado-based Alps Advisors Inc has invested 4.63% in the stock. Eagle Global Advisors Llc, a Texas-based fund reported 2.59 million shares.

The stock increased 0.96% or $0.46 during the last trading session, reaching $48.24. About 573,943 shares traded. Buckeye Partners, L.P. (BPL) has declined 5.99% since December 23, 2016 and is downtrending. It has underperformed by 22.69% the S&P500.

Analysts await Buckeye Partners, L.P. (NYSE:BPL) to report earnings on February, 9. They expect $0.87 earnings per share, up 11.54% or $0.09 from last year’s $0.78 per share. BPL’s profit will be $74.54M for 13.86 P/E if the $0.87 EPS becomes a reality. After $0.81 actual earnings per share reported by Buckeye Partners, L.P. for the previous quarter, Wall Street now forecasts 7.41% EPS growth.

Ratings analysis reveals 25% of Buckeye Partners’s analysts are positive. Out of 4 Wall Street analysts rating Buckeye Partners, 1 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $73.0 while the high is $78.0. The stock’s average target of $76.25 is 58.06% above today’s ($48.24) share price. BPL was included in 4 notes of analysts from August 25, 2016. The stock of Buckeye Partners, L.P. (NYSE:BPL) earned “Buy” rating by Stifel Nicolaus on Wednesday, October 26. The rating was initiated by Credit Suisse with “Neutral” on Wednesday, October 12. The firm has “Neutral” rating by Goldman Sachs given on Thursday, August 25. Mizuho initiated the shares of BPL in report on Friday, September 30 with “Neutral” rating.