Buckeye Partners L.P. (NYSE:BPL) SVP Joseph Sauger sold 5,481 shares of Buckeye Partners stock in a transaction on Monday, December 4th. The shares were sold at an average price of $47.04, for a total transaction of $257,826.24. The sale was disclosed in a document filed with the SEC, which is available through this link.

Buckeye Partners L.P. (NYSE BPL) traded down $0.21 during trading on Tuesday, reaching $47.19. 611,512 shares of the company’s stock were exchanged, compared to its average volume of 585,913. The firm has a market cap of $6,843.88, a price-to-earnings ratio of 14.27 and a beta of 1.11. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.64 and a current ratio of 1.10. Buckeye Partners L.P. has a 52-week low of $43.90 and a 52-week high of $73.01.

Buckeye Partners (NYSE:BPL) last released its earnings results on Friday, November 3rd. The pipeline company reported $0.81 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.86 by ($0.05). The firm had revenue of $922.60 million for the quarter, compared to analyst estimates of $795.12 million. Buckeye Partners had a return on equity of 9.72% and a net margin of 12.69%. The firm’s revenue was up 20.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.19 EPS. analysts forecast that Buckeye Partners L.P. will post 3.4 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, November 20th. Shareholders of record on Monday, November 13th were given a dividend of $1.2625 per share. This is a positive change from Buckeye Partners’s previous quarterly dividend of $1.24. The ex-dividend date was Friday, November 10th. This represents a $5.05 dividend on an annualized basis and a yield of 10.70%. Buckeye Partners’s payout ratio is currently 154.43%.

A number of equities research analysts have issued reports on BPL shares. Stifel Nicolaus decreased their target price on shares of Buckeye Partners from $68.00 to $63.00 and set a “buy” rating for the company in a research note on Monday, November 6th. Citigroup reduced their price objective on shares of Buckeye Partners from $77.00 to $72.00 and set a “buy” rating for the company in a research note on Tuesday, October 10th. Barclays reduced their price objective on shares of Buckeye Partners from $68.00 to $66.00 and set an “equal weight” rating for the company in a research note on Monday, August 7th. UBS reduced their price objective on shares of Buckeye Partners from $76.00 to $64.00 and set a “buy” rating for the company in a research note on Tuesday, October 17th. Finally, Credit Suisse Group set a $74.00 price objective on shares of Buckeye Partners and gave the company a “hold” rating in a research note on Monday, August 7th. One analyst has rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $65.33.

A number of institutional investors have recently added to or reduced their stakes in the business. Alps Advisors Inc. lifted its position in Buckeye Partners by 11.7% during the 3rd quarter. Alps Advisors Inc. now owns 11,461,563 shares of the pipeline company’s stock worth $653,309,000 after acquiring an additional 1,204,235 shares during the last quarter. Tortoise Capital Advisors L.L.C. lifted its position in Buckeye Partners by 1.9% during the 3rd quarter. Tortoise Capital Advisors L.L.C. now owns 10,837,570 shares of the pipeline company’s stock worth $617,741,000 after acquiring an additional 203,880 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Buckeye Partners by 2.2% during the 2nd quarter. Goldman Sachs Group Inc. now owns 5,146,972 shares of the pipeline company’s stock worth $329,046,000 after acquiring an additional 113,242 shares during the last quarter. Center Coast Capital Advisors LP lifted its position in Buckeye Partners by 13.5% during the 3rd quarter. Center Coast Capital Advisors LP now owns 3,478,788 shares of the pipeline company’s stock worth $198,291,000 after acquiring an additional 414,445 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Buckeye Partners by 23.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,832,115 shares of the pipeline company’s stock worth $158,201,000 after acquiring an additional 539,206 shares during the last quarter. 69.93% of the stock is owned by hedge funds and other institutional investors.

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About Buckeye Partners

Buckeye Partners, L.P. (Buckeye) owns and operates a network of integrated assets providing midstream logistic solutions, primarily consisting of the transportation, storage, processing and marketing of liquid petroleum products. Its segments include Domestic Pipelines & Terminals, Global Marine Terminals and Merchant Services.

Insider Buying and Selling by Quarter for Buckeye Partners (NYSE:BPL)

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