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Buckeye Partners, L.P. (NYSE:BPL) SVP Khalid A. Muslih sold 9,335 shares of Buckeye Partners, L.P. stock on the open market in a transaction dated Monday, June 23rd. The stock was sold at an average price of $81.25, for a total transaction of $758,468.75. Following the transaction, the senior vice president now directly owns 3,000 shares in the company, valued at approximately $243,750. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Shares of Buckeye Partners, L.P. (NYSE:BPL) traded up 0.53% during mid-day trading on Tuesday, hitting $81.3017. 365,591 shares of the company’s stock traded hands. Buckeye Partners, L.P. has a 52 week low of $62.00 and a 52 week high of $82.67. The stock’s 50-day moving average is $78.60 and its 200-day moving average is $74.24. The company has a market cap of $9.427 billion and a P/E ratio of 55.13.

Buckeye Partners, L.P. (NYSE:BPL) last issued its quarterly earnings data on Friday, May 2nd. The company reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.93 by $0.15. The company had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter in the previous year, the company posted $0.86 earnings per share. The company’s revenue for the quarter was up 49.6% on a year-over-year basis. Analysts expect that Buckeye Partners, L.P. will post $3.70 EPS for the current fiscal year.

BPL has been the subject of a number of recent research reports. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Buckeye Partners, L.P. in a research note on Wednesday, June 4th. They now have a $82.00 price target on the stock, up previously from $79.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Buckeye Partners, L.P. in a research note on Tuesday, May 6th. They now have a $83.00 price target on the stock. Finally, analysts at Barclays reiterated an “equal weight” rating on shares of Buckeye Partners, L.P. in a research note on Tuesday, May 6th. They now have a $78.00 price target on the stock, up previously from $76.00. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Buckeye Partners, L.P. presently has an average rating of “Hold” and a consensus target price of $80.00.

Buckeye Partners, L.P. (NYSE:BPL) is a master limited partnership.

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