Cohen Capital Management Has Increased By $548,800 Its Buckeye Partners LP (BPL) Holding; Denbury Resources Inc. (DNR) Had 1 Bulls

March 19, 2018 - By Annabelle Johnson

Cohen Capital Management Inc increased Buckeye Partners Lp (BPL) stake by 10.49% reported in 2017Q3 SEC filing. Cohen Capital Management Inc acquired 9,800 shares as Buckeye Partners Lp (BPL)’s stock declined 5.01%. The Cohen Capital Management Inc holds 103,184 shares with $5.88 million value, up from 93,384 last quarter. Buckeye Partners Lp now has $6.33B valuation. The stock increased 1.99% or $0.84 during the last trading session, reaching $43.07. About 1.12M shares traded or 32.11% up from the average. Buckeye Partners, L.P. (NYSE:BPL) has declined 5.99% since March 19, 2017 and is downtrending. It has underperformed by 22.69% the S&P500.

Among 12 analysts covering Denbury Resources Inc. (NYSE:DNR), 1 have Buy rating, 2 Sell and 9 Hold. Therefore 8% are positive. Denbury Resources Inc. had 41 analyst reports since July 22, 2015 according to SRatingsIntel. Barclays Capital downgraded the shares of DNR in report on Wednesday, August 10 to “Underweight” rating. RBC Capital Markets maintained Denbury Resources Inc. (NYSE:DNR) on Thursday, September 28 with “Hold” rating. The stock of Denbury Resources Inc. (NYSE:DNR) earned “Hold” rating by BMO Capital Markets on Friday, September 1. On Tuesday, September 5 the stock rating was maintained by KeyBanc Capital Markets with “Hold”. The firm earned “Market Perform” rating on Tuesday, September 8 by Cowen & Co. The stock of Denbury Resources Inc. (NYSE:DNR) has “Sector Perform” rating given on Monday, February 22 by RBC Capital Markets. On Wednesday, December 20 the stock rating was maintained by RBC Capital Markets with “Hold”. The rating was downgraded by Johnson Rice on Monday, February 22 to “Hold”. The firm has “Sector Perform” rating by KeyBanc Capital Markets given on Tuesday, April 26. As per Thursday, August 24, the company rating was maintained by RBC Capital Markets. See Denbury Resources Inc. (NYSE:DNR) latest ratings:

07/03/2018 Broker: UBS Rating: Neutral New Target: $2.5 Initiates Coverage On
26/02/2018 Broker: BMO Capital Markets Rating: Hold New Target: $3.0 Maintain
22/02/2018 Broker: RBC Capital Markets Rating: Hold New Target: $2.5 Maintain
16/01/2018 Broker: Mizuho Old Rating: Neutral New Rating: Buy Upgrade
20/12/2017 Broker: RBC Capital Markets Rating: Hold New Target: $2.0 Maintain
13/11/2017 Broker: KeyBanc Capital Markets Rating: Hold Maintain
09/11/2017 Broker: BMO Capital Markets Rating: Hold New Target: $2.0 Maintain
03/11/2017 Broker: RBC Capital Markets Rating: Hold New Target: $1.5 Maintain
10/10/2017 Broker: BMO Capital Markets Rating: Hold New Target: $1.0 Maintain
03/10/2017 Broker: Imperial Capital Rating: In-Line New Target: $2 Initiates Coverage On

Since March 9, 2018, it had 0 insider purchases, and 1 insider sale for $483,707 activity. Sauger Joseph also sold $483,707 worth of Buckeye Partners, L.P. (NYSE:BPL) on Friday, March 9.

Investors sentiment decreased to 0.57 in 2017 Q3. Its down 0.43, from 1 in 2017Q2. It is negative, as 39 investors sold BPL shares while 93 reduced holdings. 29 funds opened positions while 103 raised stakes. 96.89 million shares or 5.45% more from 91.89 million shares in 2017Q2 were reported. Cushing Asset Mgmt Ltd Partnership invested in 83,546 shares or 0.15% of the stock. First Allied Advisory Serv has invested 0.01% in Buckeye Partners, L.P. (NYSE:BPL). Boyer And Corporon Wealth Management Ltd Liability Company holds 34,750 shares. Texas Yale has 0.67% invested in Buckeye Partners, L.P. (NYSE:BPL) for 135,552 shares. 56,747 are held by Raymond James Services Advsrs. Hl Serv Llc invested in 0% or 3,717 shares. Community Financial Bank Na accumulated 300 shares or 0% of the stock. Neuberger Berman Group Ltd Liability Company has 42,665 shares for 0% of their portfolio. Silvercrest Asset Management Group Incorporated Lc has 0.11% invested in Buckeye Partners, L.P. (NYSE:BPL). Chickasaw Capital Mngmt Ltd Liability Corp holds 3.12M shares or 3.82% of its portfolio. Fiduciary Services Of The Southwest Inc Tx has 0.32% invested in Buckeye Partners, L.P. (NYSE:BPL) for 18,919 shares. Fdx Advsrs has invested 0.01% in Buckeye Partners, L.P. (NYSE:BPL). Toronto Dominion Bank & Trust holds 0% or 41 shares. Peak6 Limited Partnership holds 0% or 16,141 shares in its portfolio. Riverpoint Cap Mgmt, a Ohio-based fund reported 26,690 shares.

Among 17 analysts covering Buckeye Partners (NYSE:BPL), 6 have Buy rating, 1 Sell and 10 Hold. Therefore 35% are positive. Buckeye Partners has $86 highest and $42 lowest target. $60.87’s average target is 41.33% above currents $43.07 stock price. Buckeye Partners had 53 analyst reports since August 4, 2015 according to SRatingsIntel. The rating was maintained by Stifel Nicolaus with “Buy” on Wednesday, September 20. The firm has “Equal-Weight” rating given on Monday, August 7 by Barclays Capital. Barclays Capital maintained the stock with “Equal-Weight” rating in Monday, November 6 report. The stock has “Buy” rating by DA Davidson on Monday, December 14. The stock has “Neutral” rating by DA Davidson on Monday, November 16. Stifel Nicolaus maintained the stock with “Buy” rating in Sunday, August 6 report. The firm has “Neutral” rating given on Friday, September 30 by Mizuho. The stock of Buckeye Partners, L.P. (NYSE:BPL) has “Hold” rating given on Monday, August 7 by Credit Suisse. The firm has “Buy” rating given on Monday, May 8 by Stifel Nicolaus. Goldman Sachs initiated the stock with “Neutral” rating in Thursday, August 25 report.

Denbury Resources Inc. operates as an independent oil and natural gas firm in the United States. The company has market cap of $973.01 million. The firm primarily focuses on enhanced oil recovery utilizing carbon dioxide. It has a 6.05 P/E ratio. It holds properties located in Mississippi, Texas, Louisiana, and Alabama in the Gulf Coast region; and in Montana, North Dakota, and Wyoming in the Rocky Mountain region.

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