Shares of Buckeye Partners L.P. (NYSE:BPL) hit a new 52-week low on Monday . The stock traded as low as $50.09 and last traded at $50.51, with a volume of 534900 shares trading hands. The stock had previously closed at $51.65.

BPL has been the subject of several research analyst reports. Citigroup Inc. cut their price objective on Buckeye Partners L.P. from $77.00 to $72.00 and set a “buy” rating for the company in a report on Tuesday, October 10th. Stifel Nicolaus restated a “buy” rating and issued a $69.00 price objective on shares of Buckeye Partners L.P. in a report on Sunday, September 10th. UBS AG cut their price objective on Buckeye Partners L.P. from $76.00 to $64.00 and set a “buy” rating for the company in a report on Tuesday, October 17th. TheStreet lowered Buckeye Partners L.P. from a “b-” rating to a “c+” rating in a report on Wednesday, October 25th. Finally, Barclays PLC cut their price objective on Buckeye Partners L.P. from $68.00 to $66.00 and set an “equal weight” rating for the company in a report on Monday, August 7th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $66.50.

The company has a market capitalization of $7,406.99, a PE ratio of 15.45 and a beta of 1.16. The company has a quick ratio of 0.64, a current ratio of 1.10 and a debt-to-equity ratio of 0.93.

Buckeye Partners L.P. (NYSE:BPL) last posted its quarterly earnings results on Friday, November 3rd. The pipeline company reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.05). The business had revenue of $922.60 million for the quarter, compared to analyst estimates of $795.12 million. Buckeye Partners L.P. had a net margin of 12.69% and a return on equity of 9.72%. The firm’s quarterly revenue was up 20.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.19 earnings per share. sell-side analysts expect that Buckeye Partners L.P. will post 3.4 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 20th. Investors of record on Monday, November 13th will be given a dividend of $1.2625 per share. This represents a $5.05 annualized dividend and a yield of 10.00%. This is a positive change from Buckeye Partners L.P.’s previous quarterly dividend of $1.24. The ex-dividend date is Friday, November 10th. Buckeye Partners L.P.’s payout ratio is presently 154.43%.

Large investors have recently bought and sold shares of the stock. Hudock Capital Group LLC grew its stake in Buckeye Partners L.P. by 1,564.7% in the third quarter. Hudock Capital Group LLC now owns 1,931 shares of the pipeline company’s stock valued at $110,000 after purchasing an additional 1,815 shares in the last quarter. Moisand Fitzgerald Tamayo LLC purchased a new position in Buckeye Partners L.P. in the third quarter valued at about $114,000. Ffcm LLC grew its stake in Buckeye Partners L.P. by 221.3% in the second quarter. Ffcm LLC now owns 1,764 shares of the pipeline company’s stock valued at $115,000 after purchasing an additional 1,215 shares in the last quarter. BNP Paribas Arbitrage SA grew its stake in Buckeye Partners L.P. by 315.0% in the third quarter. BNP Paribas Arbitrage SA now owns 2,075 shares of the pipeline company’s stock valued at $118,000 after purchasing an additional 1,575 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. purchased a new position in Buckeye Partners L.P. in the first quarter valued at about $128,000. 68.03% of the stock is currently owned by hedge funds and other institutional investors.

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About Buckeye Partners L.P.

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.

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