Janney Montgomery Scott LLC lifted its holdings in Sprague Resources LP (NYSE:SRLP) by 10.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,360 shares of the oil and gas company’s stock after buying an additional 6,105 shares during the quarter. Janney Montgomery Scott LLC owned 0.29% of Sprague Resources worth $1,632,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of SRLP. First Trust Advisors LP purchased a new stake in shares of Sprague Resources in the second quarter valued at approximately $9,192,000. Friedberg Investment Management boosted its position in Sprague Resources by 597.3% during the second quarter. Friedberg Investment Management now owns 57,879 shares of the oil and gas company’s stock worth $1,632,000 after purchasing an additional 49,579 shares in the last quarter. Advantus Capital Management Inc boosted its position in Sprague Resources by 41.2% during the third quarter. Advantus Capital Management Inc now owns 62,340 shares of the oil and gas company’s stock worth $1,534,000 after purchasing an additional 18,200 shares in the last quarter. Kayne Anderson Capital Advisors LP boosted its position in Sprague Resources by 1.8% during the third quarter. Kayne Anderson Capital Advisors LP now owns 826,554 shares of the oil and gas company’s stock worth $20,332,000 after purchasing an additional 15,000 shares in the last quarter. Finally, Beaton Management Co. Inc. purchased a new stake in Sprague Resources during the second quarter worth $314,000. Hedge funds and other institutional investors own 22.29% of the company’s stock.

Shares of Sprague Resources LP (NYSE SRLP) opened at $24.00 on Wednesday. The company has a current ratio of 2.35, a quick ratio of 1.16 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $544.65, a price-to-earnings ratio of 13.49 and a beta of 1.33. Sprague Resources LP has a 12-month low of $22.95 and a 12-month high of $30.75.

A number of analysts have commented on the company. Zacks Investment Research upgraded Sprague Resources from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 11th. BidaskClub upgraded Sprague Resources from a “sell” rating to a “hold” rating in a research report on Friday, October 6th. Finally, B. Riley set a $29.00 target price on Sprague Resources and gave the stock a “buy” rating in a research report on Monday. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $31.67.

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Sprague Resources Company Profile

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Institutional Ownership by Quarter for Sprague Resources (NYSE:SRLP)

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