Buckeye Partners, L.P. (NYSE:BPL) SVP Joseph Sauger sold 537 shares of the stock in a transaction dated Tuesday, November 6th. The stock was sold at an average price of $33.04, for a total transaction of $17,742.48. Following the transaction, the senior vice president now owns 25,907 shares in the company, valued at $855,967.28. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

NYSE BPL opened at $32.41 on Friday. Buckeye Partners, L.P. has a one year low of $31.29 and a one year high of $57.19. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.70 and a current ratio of 0.96. The company has a market capitalization of $4.85 billion, a P/E ratio of 9.76 and a beta of 1.25.

Buckeye Partners (NYSE:BPL) last posted its quarterly earnings results on Friday, November 2nd. The pipeline company reported $0.57 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.68 by ($0.11). Buckeye Partners had a negative net margin of 10.43% and a positive return on equity of 8.98%. The business had revenue of $909.55 million during the quarter, compared to analysts’ expectations of $921.74 million. During the same quarter in the previous year, the business posted $0.81 EPS. The company’s quarterly revenue was down 1.4% on a year-over-year basis. Equities research analysts predict that Buckeye Partners, L.P. will post 0.69 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 20th. Investors of record on Tuesday, November 13th will be issued a $0.75 dividend. The ex-dividend date is Friday, November 9th. This represents a $3.00 annualized dividend and a yield of 9.26%. Buckeye Partners’s payout ratio is 152.11%.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Poehling Capital Management LLC acquired a new stake in Buckeye Partners in the second quarter valued at approximately $105,000. Sun Life Financial INC grew its position in Buckeye Partners by 2,566.7% in the second quarter. Sun Life Financial INC now owns 4,000 shares of the pipeline company’s stock valued at $141,000 after acquiring an additional 3,850 shares in the last quarter. Advisors Asset Management Inc. grew its position in Buckeye Partners by 3,747.9% in the second quarter. Advisors Asset Management Inc. now owns 167,229 shares of the pipeline company’s stock valued at $142,000 after acquiring an additional 162,883 shares in the last quarter. First Hawaiian Bank acquired a new stake in Buckeye Partners in the third quarter valued at approximately $143,000. Finally, Adviser Investments LLC acquired a new stake in Buckeye Partners in the second quarter valued at approximately $155,000. Hedge funds and other institutional investors own 68.87% of the company’s stock.

Several research analysts have recently weighed in on BPL shares. Bank of America increased their price objective on shares of Buckeye Partners from $37.00 to $38.00 and gave the stock a “neutral” rating in a report on Monday, November 5th. Royal Bank of Canada reiterated a “hold” rating and set a $38.00 price objective on shares of Buckeye Partners in a report on Tuesday. Stifel Nicolaus cut their price objective on shares of Buckeye Partners from $45.00 to $43.00 and set a “buy” rating on the stock in a report on Monday, August 6th. SunTrust Banks lowered shares of Buckeye Partners from a “hold” rating to a “sell” rating and set a $72.00 price objective on the stock. in a report on Monday, July 23rd. Finally, Zacks Investment Research upgraded shares of Buckeye Partners from a “sell” rating to a “hold” rating in a report on Tuesday, August 28th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $42.38.

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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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