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Oiltanking Partners (NASDAQ:OILT) CEO Kenneth F. Owen bought 1,500 shares of the company’s stock on the open market in a transaction dated Monday, April 7th. The stock was purchased at an average cost of $77.81 per share, for a total transaction of $116,715.00. Following the acquisition, the chief executive officer now directly owns 5,000 shares of the company’s stock, valued at approximately $389,050. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.

OILT has been the subject of a number of recent research reports. Analysts at MLV & Co. raised their price target on shares of Oiltanking Partners from $70.00 to $80.00 in a research note on Monday, March 31st. They now have a “buy” rating on the stock. Separately, analysts at RBC Capital initiated coverage on shares of Oiltanking Partners in a research note on Monday, March 3rd. They set a “sector perform” rating and a $72.00 price target on the stock. Finally, analysts at Raymond James raised their price target on shares of Oiltanking Partners from $63.00 to $67.00 in a research note on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $66.87.

Oiltanking Partners (NASDAQ:OILT) traded down 1.78% on Monday, hitting $75.37. The stock had a trading volume of 58,466 shares. Oiltanking Partners has a one year low of $46.50 and a one year high of $80.93. The stock’s 50-day moving average is $71.27 and its 200-day moving average is $62.36. The company has a market cap of $3.128 billion and a price-to-earnings ratio of 41.26.

Oiltanking Partners (NASDAQ:OILT) last issued its quarterly earnings data on Monday, February 24th. The company reported $0.69 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.71 by $0.02. The company had revenue of $60.20 million for the quarter, compared to the consensus estimate of $60.28 million. On average, analysts predict that Oiltanking Partners will post $2.90 earnings per share for the current fiscal year.

Oiltanking Partners, L.P. (NASDAQ:OILT) is engaged in the terminaling, storage and transportation of crude oil, refined petroleum products and liquefied petroleum gas.

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