Red Hat, Inc. (RHT) Forms $124.14 Double Top; Cushing Asset Management LP Trimmed By $1.87 Million Its Magellan Midstream Prtnrs LP (Call) (MMP) Stake

Red Hat, Inc. (RHT) formed double top with $130.35 target or 5.00% above today’s $124.14 share price. Red Hat, Inc. (RHT) has $21.97 billion valuation. The stock increased 0.13% or $0.16 during the last trading session, reaching $124.14. About 1.39M shares traded. Red Hat, Inc. (NYSE:RHT) has risen 18.97% since January 7, 2017 and is uptrending. It has outperformed by 2.27% the S&P500.

Cushing Asset Management Lp decreased Magellan Midstream Prtnrs Lp (Call) (MMP) stake by 80.39% reported in 2017Q3 SEC filing. Cushing Asset Management Lp sold 623,194 shares as Magellan Midstream Prtnrs Lp (Call) (MMP)’s stock declined 7.68%. The Cushing Asset Management Lp holds 152,000 shares with $502,000 value, down from 775,194 last quarter. Magellan Midstream Prtnrs Lp (Call) now has $16.52B valuation. The stock decreased 0.92% or $0.67 during the last trading session, reaching $72.45. About 825,971 shares traded. Magellan Midstream Partners, L.P. (NYSE:MMP) has risen 3.55% since January 7, 2017 and is uptrending. It has underperformed by 13.15% the S&P500.

Among 22 analysts covering Magellan Midstream Partners L.P. (NYSE:MMP), 11 have Buy rating, 3 Sell and 8 Hold. Therefore 50% are positive. Magellan Midstream Partners L.P. has $91 highest and $61 lowest target. $76.41’s average target is 5.47% above currents $72.45 stock price. Magellan Midstream Partners L.P. had 54 analyst reports since August 7, 2015 according to SRatingsIntel. The company was upgraded on Friday, August 7 by Credit Suisse. The firm has “Neutral” rating by UBS given on Friday, February 3. RBC Capital Markets maintained the shares of MMP in report on Wednesday, November 4 with “Outperform” rating. On Monday, August 10 the stock rating was upgraded by Credit Suisse to “Outperform”. The stock of Magellan Midstream Partners, L.P. (NYSE:MMP) earned “Buy” rating by Citigroup on Friday, August 7. The stock of Magellan Midstream Partners, L.P. (NYSE:MMP) earned “Buy” rating by U.S. Capital Advisors on Thursday, January 4. The rating was initiated by Seaport Global with “Buy” on Tuesday, June 14. On Wednesday, January 11 the stock rating was downgraded by Wells Fargo to “Market Perform”. RBC Capital Markets maintained it with “Hold” rating and $80.0 target in Sunday, November 5 report. The firm has “Hold” rating by Stifel Nicolaus given on Wednesday, August 2.

Since September 14, 2017, it had 0 insider buys, and 1 sale for $353,200 activity. $353,200 worth of Magellan Midstream Partners, L.P. (NYSE:MMP) was sold by Selvidge Jeff R on Thursday, September 14.

Analysts await Magellan Midstream Partners, L.P. (NYSE:MMP) to report earnings on February, 1. They expect $1.09 earnings per share, up 4.81% or $0.05 from last year’s $1.04 per share. MMP’s profit will be $248.54 million for 16.62 P/E if the $1.09 EPS becomes a reality. After $0.87 actual earnings per share reported by Magellan Midstream Partners, L.P. for the previous quarter, Wall Street now forecasts 25.29% EPS growth.

Investors sentiment is 0.9 in 2017 Q3. Its the same as in 2017Q2. It has no change, as 42 investors sold MMP shares while 161 reduced holdings. only 40 funds opened positions while 142 raised stakes. 134.51 million shares or 2.12% more from 131.72 million shares in 2017Q2 were reported. 556 are owned by Cohen And Steers Incorporated. Teacher Retirement Of Texas stated it has 135,200 shares. River Road Asset Management Ltd Liability Co reported 588,030 shares. Goldman Sachs Gru has 10.04 million shares for 0.17% of their portfolio. Eaton Vance holds 0% or 11,764 shares. Financial Counselors stated it has 4,645 shares. Walter & Keenan Fincl Consulting Company Mi Adv stated it has 0.5% of its portfolio in Magellan Midstream Partners, L.P. (NYSE:MMP). Boston Common Asset Ltd Llc holds 7,400 shares. Johnson Inv Counsel reported 15,936 shares stake. Amer & Mgmt owns 0.25% invested in Magellan Midstream Partners, L.P. (NYSE:MMP) for 10,788 shares. Private Advisor Limited has 0.13% invested in Magellan Midstream Partners, L.P. (NYSE:MMP) for 72,475 shares. Thompson Siegel And Walmsley Ltd holds 0% of its portfolio in Magellan Midstream Partners, L.P. (NYSE:MMP) for 2,557 shares. Saratoga & Inv Mngmt holds 0.16% of its portfolio in Magellan Midstream Partners, L.P. (NYSE:MMP) for 3,750 shares. Valley Natl Advisers Incorporated has 12,695 shares. At Savings Bank, a Iowa-based fund reported 8,022 shares.

Cushing Asset Management Lp increased Univar Inc stake by 51,553 shares to 185,297 valued at $5.36M in 2017Q3. It also upped Targa Res Corp (NYSE:TRGP) stake by 3.53M shares and now owns 3.63M shares. Valero Energy Partners Lp (NYSE:VLP) was raised too.

Investors sentiment decreased to 1.23 in Q3 2017. Its down 0.02, from 1.25 in 2017Q2. It dived, as 43 investors sold Red Hat, Inc. shares while 154 reduced holdings. 65 funds opened positions while 177 raised stakes. 157.62 million shares or 0.16% less from 157.87 million shares in 2017Q2 were reported. M&T Bancshares holds 0.01% of its portfolio in Red Hat, Inc. (NYSE:RHT) for 14,140 shares. Ameriprise holds 517,474 shares. Gateway Invest Advisers Ltd Limited Liability Company accumulated 11,050 shares. Arcadia Mngmt Mi owns 1,000 shares. National Bank & Trust Of Montreal Can holds 0.06% of its portfolio in Red Hat, Inc. (NYSE:RHT) for 638,555 shares. Robeco Institutional Asset Mngmt Bv has 64,870 shares. The South Africa-based Old Mutual Customised Solutions (Proprietary) Limited has invested 0.03% in Red Hat, Inc. (NYSE:RHT). Ashfield Prns Lc accumulated 28,776 shares or 0.43% of the stock. Whittier Trust invested in 190 shares or 0% of the stock. Clinton Gru invested in 2,242 shares. Jefferies Ltd Liability Corp stated it has 102,108 shares. Morgan Dempsey Management stated it has 0.01% of its portfolio in Red Hat, Inc. (NYSE:RHT). United Serv Automobile Association reported 142,797 shares. Sweden-based Nordea Invest Mngmt has invested 0% in Red Hat, Inc. (NYSE:RHT). 1,812 are owned by Tokio Marine Asset Limited.

Among 34 analysts covering Red Hat (NYSE:RHT), 25 have Buy rating, 1 Sell and 8 Hold. Therefore 74% are positive. Red Hat has $150.0 highest and $70 lowest target. $122’s average target is -1.72% below currents $124.14 stock price. Red Hat had 111 analyst reports since August 25, 2015 according to SRatingsIntel. KeyBanc Capital Markets maintained Red Hat, Inc. (NYSE:RHT) on Monday, December 4 with “Buy” rating. The stock of Red Hat, Inc. (NYSE:RHT) has “Buy” rating given on Tuesday, September 22 by Credit Suisse. BMO Capital Markets maintained it with “Hold” rating and $142.0 target in Wednesday, December 20 report. The rating was downgraded by Stifel Nicolaus to “Hold” on Thursday, December 22. JP Morgan maintained the stock with “Overweight” rating in Tuesday, September 26 report. Barclays Capital maintained the shares of RHT in report on Wednesday, December 20 with “Buy” rating. The firm has “Buy” rating given on Sunday, October 22 by RBC Capital Markets. As per Wednesday, December 20, the company rating was maintained by Wells Fargo. On Tuesday, October 24 the stock rating was downgraded by Bank of America to “Sell”. On Thursday, September 22 the stock rating was maintained by Citigroup with “Buy”.