Center Coast Capital Advisors LP Lowered Its Magellan Midstream Partners (MMP) Holding; CALFRAC WELL SERVICES LTD ORDINARY SHARE (CFWFF) SI Decreased By 6.65%

May 18, 2018 - By Nellie Frank

Center Coast Capital Advisors Lp decreased Magellan Midstream Partners (MMP) stake by 9.8% reported in 2017Q4 SEC filing. Center Coast Capital Advisors Lp sold 211,990 shares as Magellan Midstream Partners (MMP)’s stock declined 17.74%. The Center Coast Capital Advisors Lp holds 1.95 million shares with $138.45M value, down from 2.16M last quarter. Magellan Midstream Partners now has $15.94B valuation. The stock increased 0.34% or $0.24 during the last trading session, reaching $69.84. About 53,338 shares traded. Magellan Midstream Partners, L.P. (NYSE:MMP) has declined 24.45% since May 18, 2017 and is downtrending. It has underperformed by 36.00% the S&P500.

CALFRAC WELL SERVICES LTD ORDINARY SHARE (OTCMKTS:CFWFF) had a decrease of 6.65% in short interest. CFWFF’s SI was 4.37M shares in May as released by FINRA. Its down 6.65% from 4.68 million shares previously. With 5,100 avg volume, 857 days are for CALFRAC WELL SERVICES LTD ORDINARY SHARE (OTCMKTS:CFWFF)’s short sellers to cover CFWFF’s short positions. The SI to CALFRAC WELL SERVICES LTD ORDINARY SHARE’s float is 5.46%. The stock decreased 1.28% or $0.0792 during the last trading session, reaching $6.1228. About 100 shares traded. Calfrac Well Services Ltd. (OTCMKTS:CFWFF) has 0.00% since May 18, 2017 and is . It has underperformed by 11.55% the S&P500.




Center Coast Capital Advisors Lp increased Boardwalk Pipeline Partners (NYSE:BWP) stake by 1.40 million shares to 1.40 million valued at $18.06 million in 2017Q4. It also upped Noble Midstream Partners Lp stake by 31,943 shares and now owns 32,527 shares. Hess Midstream Partners Lp was raised too.

More notable recent Magellan Midstream Partners, L.P. (NYSE:MMP) news were published by: Investorplace.com which released: “5 MLPs That Should Crush the Market in 2018” on May 17, 2018, also Globenewswire.com with their article: “Recent Analysis Shows Camden Property Trust, Biglari, Argan, Chimerix, Workhorse Group, and Magellan Midstream …” published on May 17, 2018, Fool.com published: “3 Dividend Investing Tips That Could Earn You Thousands” on May 15, 2018. More interesting news about Magellan Midstream Partners, L.P. (NYSE:MMP) were released by: Investorplace.com and their article: “Exxon Mobil Corporation Leads 6 Dividend Stocks Boosting Payouts” published on April 30, 2018 as well as Globenewswire.com‘s news article titled: “Recent Analysis Shows American Vanguard, Magellan Midstream Partners, Diamondback Energy, Vericel, Air Lease …” with publication date: April 25, 2018.

Analysts await Magellan Midstream Partners, L.P. (NYSE:MMP) to report earnings on August, 1. They expect $1.00 EPS, up 8.70% or $0.08 from last year’s $0.92 per share. MMP’s profit will be $228.19M for 17.46 P/E if the $1.00 EPS becomes a reality. After $1.05 actual EPS reported by Magellan Midstream Partners, L.P. for the previous quarter, Wall Street now forecasts -4.76% negative EPS growth.

Investors sentiment decreased to 0.76 in Q4 2017. Its down 0.14, from 0.9 in 2017Q3. It dived, as 35 investors sold MMP shares while 186 reduced holdings. 49 funds opened positions while 118 raised stakes. 134.60 million shares or 0.07% more from 134.51 million shares in 2017Q3 were reported. Mai invested 0.48% of its portfolio in Magellan Midstream Partners, L.P. (NYSE:MMP). Groesbeck Corp Nj owns 7,040 shares. Monetary Mngmt Group Incorporated Incorporated reported 2,000 shares stake. Moreover, Endurance Wealth Mngmt Incorporated has 0.24% invested in Magellan Midstream Partners, L.P. (NYSE:MMP) for 20,635 shares. Northstar Investment Limited Liability reported 77,692 shares. Duncker Streett owns 14,279 shares for 0.26% of their portfolio. Cibc Asset Mngmt Inc invested in 0% or 7,560 shares. United Services Automobile Association owns 240,105 shares. Salient Trust Lta accumulated 17,676 shares or 0.14% of the stock. Sg Americas Securities Lc has 28,439 shares. 4,168 were reported by Financial Counselors. 728,996 are owned by Wells Fargo And Mn. Joel Isaacson & Limited Liability Com stated it has 0.26% of its portfolio in Magellan Midstream Partners, L.P. (NYSE:MMP). Delta Asset Management Llc Tn stated it has 242 shares. Ftb Advsrs accumulated 6,153 shares.

Among 23 analysts covering Magellan Midstream Partners L.P. (NYSE:MMP), 13 have Buy rating, 3 Sell and 7 Hold. Therefore 57% are positive. Magellan Midstream Partners L.P. had 68 analyst reports since August 7, 2015 according to SRatingsIntel. The rating was downgraded by Mizuho to “Underperform” on Monday, July 10. The stock of Magellan Midstream Partners, L.P. (NYSE:MMP) has “Underweight” rating given on Thursday, August 18 by Morgan Stanley. RBC Capital Markets maintained Magellan Midstream Partners, L.P. (NYSE:MMP) rating on Friday, April 29. RBC Capital Markets has “Outperform” rating and $69 target. As per Thursday, September 7, the company rating was maintained by Stifel Nicolaus. The firm has “Buy” rating given on Monday, November 16 by DA Davidson. The firm has “Neutral” rating by JP Morgan given on Tuesday, March 13. The stock of Magellan Midstream Partners, L.P. (NYSE:MMP) has “Neutral” rating given on Friday, August 7 by Credit Suisse. On Thursday, January 12 the stock rating was downgraded by Raymond James to “Outperform”. Barclays Capital maintained Magellan Midstream Partners, L.P. (NYSE:MMP) rating on Friday, February 2. Barclays Capital has “Equal-Weight” rating and $76 target. As per Tuesday, June 14, the company rating was initiated by Seaport Global.

Since February 12, 2018, it had 0 buys, and 1 sale for $1.51 million activity. MEARS MICHAEL N had sold 22,251 shares worth $1.51M.

Magellan Midstream Partners, L.P. (NYSE:MMP) Institutional Positions Chart

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