Advisors Capital Management LLC cut its position in shares of VTTI Energy Partners LP (NYSE:VTTI) by 2.6% during the third quarter, Holdings Channel reports. The institutional investor owned 28,862 shares of the company’s stock after selling 780 shares during the period. Advisors Capital Management LLC owned about 0.07% of VTTI Energy Partners worth $549,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in VTTI. Public Employees Retirement Association of Colorado acquired a new position in VTTI Energy Partners during the second quarter valued at $118,000. Public Employees Retirement System of Ohio increased its position in VTTI Energy Partners by 69.8% in the second quarter. Public Employees Retirement System of Ohio now owns 7,300 shares of the company’s stock valued at $148,000 after buying an additional 3,000 shares during the period. Acadian Asset Management LLC acquired a new position in VTTI Energy Partners during the second quarter valued at $195,000. Venturi Wealth Management LLC acquired a new position in VTTI Energy Partners during the second quarter valued at $218,000. Finally, GSA Capital Partners LLP acquired a new position in VTTI Energy Partners during the second quarter valued at $248,000. Institutional investors and hedge funds own 72.56% of the company’s stock.
VTTI Energy Partners LP (NYSE:VTTI) remained flat at $17.75 during midday trading on Friday. The company had a trading volume of 14,538 shares. The stock has a 50-day moving average price of $17.95 and a 200 day moving average price of $19.11. The firm has a market capitalization of $729.01 million, a P/E ratio of 32.39 and a beta of 1.21. VTTI Energy Partners LP has a 52 week low of $14.80 and a 52 week high of $21.74.
The business also recently disclosed a quarterly dividend, which was paid on Monday, November 14th. Investors of record on Friday, November 4th were issued a $0.3281 dividend. The ex-dividend date of this dividend was Wednesday, November 2nd. This represents a $1.31 annualized dividend and a yield of 7.39%. This is an increase from VTTI Energy Partners’s previous quarterly dividend of $0.32.
Several research firms have issued reports on VTTI. Zacks Investment Research raised shares of VTTI Energy Partners from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research note on Saturday, November 12th. DA Davidson reaffirmed a “buy” rating and set a $27.00 price target on shares of VTTI Energy Partners in a research note on Wednesday, November 9th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. VTTI Energy Partners has a consensus rating of “Hold” and an average target price of $23.00.
VTTI Energy Partners Company Profile
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.