News stories about Buckeye Partners (NYSE:BPL) have been trending somewhat positive on Saturday, Accern Sentiment reports. The research group identifies negative and positive press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Buckeye Partners earned a daily sentiment score of 0.14 on Accern’s scale. Accern also assigned media headlines about the pipeline company an impact score of 47.8178173142367 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s analysis:
- What is Clear choice Buy, Sell or Hold? Buckeye Partners, LP (BPL) (nysestocks.review)
- Money Making Stock: Buckeye Partners, LP (BPL) presents High Dividend Yield at 13.72% (nasdaqchronicle.com)
- Is this stock is suitable for your portfolio? Buckeye Partners, LP (BPL) (stockquote.review)
- Todd J. Russo Sells 11,300 Shares of Buckeye Partners (BPL) Stock (americanbankingnews.com)
- Buckeye buys out partner in terminal project, raises growth capex plan (seekingalpha.com)
Buckeye Partners opened at $35.91 on Friday, MarketBeat Ratings reports. The company has a quick ratio of 0.81, a current ratio of 1.17 and a debt-to-equity ratio of 0.90. The stock has a market cap of $5.41 billion, a price-to-earnings ratio of 10.82 and a beta of 1.18. Buckeye Partners has a twelve month low of $35.24 and a twelve month high of $66.11.
The firm also recently declared a quarterly dividend, which was paid on Monday, May 21st. Stockholders of record on Monday, May 14th were given a dividend of $1.2625 per share. This represents a $5.05 dividend on an annualized basis and a dividend yield of 14.06%. The ex-dividend date was Friday, May 11th. This is an increase from Buckeye Partners’s previous quarterly dividend of $1.24. Buckeye Partners’s dividend payout ratio (DPR) is 152.11%.
Several equities research analysts recently weighed in on BPL shares. Citigroup decreased their price objective on Buckeye Partners from $60.00 to $55.00 and set a “buy” rating for the company in a report on Tuesday, March 27th. Stifel Nicolaus set a $56.00 price objective on Buckeye Partners and gave the stock a “buy” rating in a report on Sunday, February 11th. UBS reissued a “buy” rating and issued a $55.00 price objective (down previously from $64.00) on shares of Buckeye Partners in a report on Friday, March 2nd. Morgan Stanley lowered Buckeye Partners from an “overweight” rating to an “equal” rating and set a $44.00 price objective for the company. in a report on Friday, March 23rd. Finally, Barclays lifted their price objective on Buckeye Partners from $56.00 to $58.00 and gave the stock an “equal weight” rating in a report on Friday, January 26th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $51.38.
In other news, SVP Joseph Sauger sold 11,013 shares of Buckeye Partners stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $43.92, for a total transaction of $483,690.96. Following the completion of the sale, the senior vice president now owns 27,416 shares in the company, valued at approximately $1,204,110.72. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Todd J. Russo sold 11,300 shares of Buckeye Partners stock in a transaction dated Tuesday, May 22nd. The shares were sold at an average price of $38.00, for a total value of $429,400.00. Following the sale, the senior vice president now owns 13,334 shares of the company’s stock, valued at approximately $506,692. The disclosure for this sale can be found here. In the last quarter, insiders have sold 24,313 shares of company stock valued at $1,005,191. Corporate insiders own 0.48% of the company’s stock.
Buckeye Partners Company Profile
Buckeye Partners, L.P. owns and operates liquid petroleum products pipelines in the United States and internationally. The company operates through three segments: Domestic Pipelines & Terminals, Global Marine Terminals, and Merchant Services. The Domestic Pipelines & Terminals segment transports liquid petroleum products, including gasoline, jet fuel, and various distillates; refined petroleum products; and crude oil.
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