Analyst Activity – SunTrust Banks, Inc. Initiates Coverage On Buckeye Partners, L.P. (NYSE:BPL) With a Hold

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Analyst Ratings For Buckeye Partners, L.P. (NYSE:BPL)

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Today, SunTrust Banks, Inc. initiated coverage on Buckeye Partners, L.P. (NYSE:BPL) with a Hold with a price target of $72.00.

There are 8 hold ratings, 1 buy rating on the stock.

The current consensus rating on Buckeye Partners, L.P. (NYSE:BPL) is Hold (Score: 2.11) with a consensus target price of $73.13 per share, a potential 9.67% upside.

Some recent analyst ratings include

  • 3/20/2017-SunTrust Banks, Inc. initiated coverage with a Hold rating.
  • 2/13/2017-Bank of America Corp was Downgraded by analysts at Bank of America Corp from a “Buy ” rating to a ” Hold” rating. They now have a $74.00 price target on the stock, up previously from $72.11 .
  • 2/13/2017-Stifel Nicolaus was Downgraded by analysts at Stifel Nicolaus from a “Buy ” rating to a ” Hold” rating. They now have a $74.00 price target on the stock, up previously from $73.00 .
  • 1/6/2017-Royal Bank of Canada Reiterated Rating of Hold.
  • 12/15/2016-Goldman Sachs Group Inc was Downgraded by analysts at Goldman Sachs Group Inc from a “Buy ” rating to a ” Neutral” rating. They now have a $70.00 price target on the stock, up previously from $78.00 .

Dividend information for Buckeye Partners, L.P. (NYSE:BPL)

Buckeye Partners, L.P. (NYSE:BPL) pays an annual dividend of $4.90 with a yield of 7.35% and an average dividend growth of 4.50% based on a 3 Year Average..

Dividend History for Buckeye Partners, L.P. (NYSE:BPL)

  • On 2/13/2017 Buckeye Partners, L.P. announced a quarterly dividend of $1.24 6.89% with an ex dividend date of 2/16/2017 which will be payable on 2/21/2017.
  • On 2/10/2017 Buckeye Partners, L.P. announced a dividend of $1.24 with an ex dividend date of 2/16/2017 which will be payable on 2/28/2017.
  • On 10/26/2016 Buckeye Partners, L.P. announced a quarterly dividend of $1.23 7.32% with an ex dividend date of 11/10/2016 which will be payable on 11/22/2016.
  • On 8/5/2016 Buckeye Partners, L.P. announced a quarterly dividend of $1.21 6.7% with an ex dividend date of 8/11/2016 which will be payable on 8/22/2016.
  • On 5/6/2016 Buckeye Partners, L.P. announced a quarterly dividend of $1.20 6.97% with an ex dividend date of 5/12/2016 which will be payable on 5/23/2016.
  • On 2/12/2016 Buckeye Partners, L.P. announced a quarterly dividend of $1.19 8.15% with an ex dividend date of 2/19/2016 which will be payable on 3/1/2016.
  • On 10/30/2015 Buckeye Partners, L.P. announced a quarterly dividend of $1.18 6.71% with an ex dividend date of 11/5/2015 which will be payable on 11/17/2015.

Recent Insider Trading Activity For Buckeye Partners, L.P. (NYSE:BPL)
Buckeye Partners, L.P. (NYSE:BPL) has insider ownership of 0.38% and institutional ownership of 67.12%.

  • On 12/21/2016 Clair Keith St, CFO, sold 3,500 with an average share price of $65.10 per share and the total transaction amounting to $227,850.00. View SEC Filing
  • On 12/19/2016 Joseph Sauger, SVP, sold 1,062 with an average share price of $64.84 per share and the total transaction amounting to $68,860.08. View SEC Filing
  • On 12/7/2016 Larry C Payne, Director, bought 1,000 with an average share price of $62.95 per share and the total transaction amounting to $62,950.00. View SEC Filing
  • On 12/5/2016 Martin A White, Director, bought 3,938 with an average share price of $63.00 per share and the total transaction amounting to $248,094.00. View SEC Filing
  • On 8/23/2016 Pieter Bakker, Director, bought 3,500 with an average share price of $70.25 per share and the total transaction amounting to $245,875.00. View SEC Filing
  • On 7/18/2016 Clark C Smith, CEO, sold 910 with an average share price of $75.02 per share and the total transaction amounting to $68,268.20. View SEC Filing
  • On 7/18/2016 Khalid A Muslih, SVP, sold 7,500 with an average share price of $75.00 per share and the total transaction amounting to $562,500.00. View SEC Filing

About Buckeye Partners, L.P. (NYSE:BPL)
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. As of December 31, 2016, the Domestic Pipelines & Terminals segment owned and operated approximately 6,000 miles of pipeline located primarily in the northeastern and upper Midwestern portions of the United States, and serviced approximately 110 delivery locations. The Global Marine Terminals segment provides marine accessible bulk storage and blending services, rail and truck rack loading/unloading, along with petroleum processing services in the East Coast and Gulf Coast regions of the United States and in the Caribbean. The Merchant Services segment is a wholesale distributor of petroleum products in the continental United States and in the Caribbean.

Recent Trading Activity for Buckeye Partners, L.P. (NYSE:BPL)
Shares of Buckeye Partners, L.P. closed the previous trading session at 66.68 up +0.01 0.02% with 460,097 shares trading hands.

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