Wedbush Securities Inc. lessened its holdings in shares of Cypress Energy Partners LP (NYSE:CELP) by 7.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 35,230 shares of the oil and gas company’s stock after selling 3,000 shares during the quarter. Wedbush Securities Inc. owned approximately 0.29% of Cypress Energy Partners worth $198,000 at the end of the most recent quarter.

Separately, Northern Trust Corp acquired a new position in shares of Cypress Energy Partners during the 2nd quarter valued at about $143,000. 1.31% of the stock is currently owned by institutional investors.

In other news, insider John T. Mcnabb II purchased 5,000 shares of the firm’s stock in a transaction on Tuesday, December 4th. The shares were bought at an average cost of $6.78 per share, for a total transaction of $33,900.00. Following the completion of the purchase, the insider now directly owns 44,114 shares of the company’s stock, valued at $299,092.92. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have acquired 11,000 shares of company stock worth $73,210 over the last 90 days.

NYSE CELP traded up $0.01 during trading hours on Monday, reaching $7.00. The company had a trading volume of 100 shares, compared to its average volume of 19,509. The company has a debt-to-equity ratio of 7.33, a current ratio of 3.08 and a quick ratio of 3.08. Cypress Energy Partners LP has a 1-year low of $5.36 and a 1-year high of $8.50. The stock has a market capitalization of $83.50 million, a P/E ratio of 14.00 and a beta of 1.81.

Cypress Energy Partners (NYSE:CELP) last issued its quarterly earnings data on Monday, November 12th. The oil and gas company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.21 by $0.05. Cypress Energy Partners had a net margin of 4.01% and a return on equity of 122.32%. The firm had revenue of $84.78 million for the quarter, compared to analyst estimates of $81.23 million. As a group, analysts anticipate that Cypress Energy Partners LP will post 0.72 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 14th. Shareholders of record on Thursday, February 7th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 12.00%. The ex-dividend date is Wednesday, February 6th. Cypress Energy Partners’s dividend payout ratio (DPR) is 168.00%.

A number of research firms recently commented on CELP. ValuEngine upgraded Cypress Energy Partners from a “strong sell” rating to a “sell” rating in a report on Friday, November 30th. Zacks Investment Research raised Cypress Energy Partners from a “hold” rating to a “buy” rating and set a $7.75 price target on the stock in a research note on Thursday, January 10th.

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About Cypress Energy Partners

Cypress Energy Partners, L.P. provides pipeline inspection and integrity, and environmental services in North America. It operates in three segments: Pipeline Inspection Services (PIS), Integrity Services (IS), and Water and Environmental Services (W&ES). The PIS segment offers independent inspection services for various facilities and equipment, such as transmission pipelines, oil and natural gas gathering systems, pump and compressor stations, storage facilities and terminals, and gas distribution systems.

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