Pointe Capital Management LLC decreased its position in VTTI Energy Partners LP (NYSE:VTTI) by 53.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,604 shares of the oil and gas company’s stock after selling 20,169 shares during the period. Pointe Capital Management LLC’s holdings in VTTI Energy Partners were worth $346,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the company. Mizuho Securities USA LLC raised its stake in VTTI Energy Partners by 833.5% in the second quarter. Mizuho Securities USA LLC now owns 165,000 shares of the oil and gas company’s stock worth $3,242,000 after buying an additional 147,325 shares during the period. Chicago Capital Management LLC purchased a new stake in VTTI Energy Partners during the second quarter worth $19,892,000. Bank of Montreal Can purchased a new stake in VTTI Energy Partners during the second quarter worth $8,607,000. Clearbridge Investments LLC raised its stake in VTTI Energy Partners by 3.6% in the first quarter. Clearbridge Investments LLC now owns 1,326,625 shares of the oil and gas company’s stock worth $25,206,000 after buying an additional 46,559 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in VTTI Energy Partners by 8.8% in the first quarter. Goldman Sachs Group Inc. now owns 3,146,321 shares of the oil and gas company’s stock worth $59,780,000 after buying an additional 253,872 shares during the period. 91.16% of the stock is currently owned by institutional investors and hedge funds.
VTTI Energy Partners LP (NYSE:VTTI) opened at 19.35 on Friday. The firm has a 50-day moving average of $19.60 and a 200-day moving average of $19.14. The stock has a market cap of $902.74 million, a PE ratio of 33.25 and a beta of 1.18. VTTI Energy Partners LP has a 1-year low of $15.40 and a 1-year high of $19.75.
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 11th. Investors of record on Monday, August 7th will be given a $0.336 dividend. This represents a $1.34 annualized dividend and a yield of 6.95%. The ex-dividend date of this dividend is Thursday, August 3rd.
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A number of equities analysts have commented on the stock. BidaskClub raised shares of VTTI Energy Partners from a “sell” rating to a “hold” rating in a research note on Wednesday. Zacks Investment Research raised shares of VTTI Energy Partners from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 25th. DA Davidson cut shares of VTTI Energy Partners from a “buy” rating to a “neutral” rating and set a $19.50 price target for the company. in a research note on Monday, May 8th. Finally, Citigroup Inc. cut shares of VTTI Energy Partners from a “buy” rating to a “neutral” rating and set a $19.50 price target for the company. in a research note on Monday, May 8th. Five research analysts have rated the stock with a hold rating, The company has a consensus rating of “Hold” and an average price target of $19.33.
About VTTI Energy Partners
VTTI Energy Partners LP provides terminaling services for third party companies engaged in the production, processing, distribution and marketing of refined petroleum products and crude oil. The Company operates through the segment of energy storage terminaling business. Its assets consist of approximately 42.6% interest in VTTI MLP B.V., which owns a portfolio of over six terminals with over 400 tanks and approximately 35.7 million barrels of refined petroleum product and crude oil storage capacity located in Europe, the Middle East, Asia and North America.
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