VTTI Energy Partners LP (VTTI) Downgraded to “Sell” at BidaskClub
VTTI Energy Partners LP (NYSE:VTTI) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Saturday.
VTTI has been the topic of a number of other research reports. Zacks Investment Research raised shares of VTTI Energy Partners from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 25th. Citigroup Inc. cut shares of VTTI Energy Partners from a “buy” rating to a “neutral” rating and set a $19.50 price objective on the stock. in a research report on Monday, May 8th. Finally, DA Davidson cut shares of VTTI Energy Partners from a “buy” rating to a “neutral” rating and set a $19.50 price objective on the stock. in a research report on Monday, May 8th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $19.33.
Shares of VTTI Energy Partners (NYSE:VTTI) opened at 19.50 on Friday. VTTI Energy Partners has a 1-year low of $15.40 and a 1-year high of $19.75. The firm has a market cap of $909.73 million, a P/E ratio of 33.51 and a beta of 1.17. The firm has a 50 day moving average price of $19.51 and a 200 day moving average price of $19.27.
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Several large investors have recently bought and sold shares of VTTI. Chicago Capital Management LLC acquired a new stake in VTTI Energy Partners during the second quarter worth $19,892,000. OppenheimerFunds Inc. acquired a new stake in VTTI Energy Partners during the first quarter worth $18,943,000. UBS Group AG raised its stake in VTTI Energy Partners by 773.5% in the first quarter. UBS Group AG now owns 1,003,115 shares of the oil and gas company’s stock worth $19,059,000 after buying an additional 888,278 shares in the last quarter. Everett Capital Advisors UK LLP acquired a new stake in VTTI Energy Partners during the first quarter worth $13,794,000. Finally, Vivaldi Asset Management LLC acquired a new stake in VTTI Energy Partners during the second quarter worth $9,180,000. Institutional investors own 74.49% of the company’s stock.
About VTTI Energy Partners
VTTI Energy Partners LP provides terminaling services for third party companies engaged in the production, processing, distribution and marketing of refined petroleum products and crude oil. The Company operates through the segment of energy storage terminaling business. Its assets consist of approximately 42.6% interest in VTTI MLP B.V., which owns a portfolio of over six terminals with over 400 tanks and approximately 35.7 million barrels of refined petroleum product and crude oil storage capacity located in Europe, the Middle East, Asia and North America.
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