Brookfield Asset Management Upped Its Teekay Offshore Partners LP (TOO) Stake by $487.65 Million as Stock Value Rose; Wexford Capital LP Stake In Mplx LP (MPLX) Was Upped

May 11, 2018 - By Vivian Park

Teekay Offshore Partners L.P. (NYSE:TOO) Logo

Brookfield Asset Management Inc increased its stake in Teekay Offshore Partners Lp (TOO) by 139163.84% based on its latest 2017Q4 regulatory filing with the SEC. Brookfield Asset Management Inc bought 243.82 million shares as the company’s stock rose 1.75% while stock markets declined. The hedge fund held 244.00 million shares of the marine transportation company at the end of 2017Q4, valued at $575.84M, up from 175,207 at the end of the previous reported quarter. Brookfield Asset Management Inc who had been investing in Teekay Offshore Partners Lp for a number of months, seems to be bullish on the $1.21 billion market cap company. The stock increased 3.23% or $0.09 during the last trading session, reaching $2.88. About 378,662 shares traded. Teekay Offshore Partners L.P. (NYSE:TOO) has declined 51.56% since May 11, 2017 and is downtrending. It has underperformed by 63.11% the S&P500.

Charles Davidson increased its stake in Mplx Lp (MPLX) by 115.17% based on its latest 2017Q4 regulatory filing with the SEC. Wexford Capital Lp bought 123,375 shares as the company’s stock declined 8.11% with the market. The hedge fund run by Charles Davidson held 230,502 shares of the natural gas distribution company at the end of 2017Q4, valued at $8.18 million, up from 107,127 at the end of the previous reported quarter. Wexford Capital Lp who had been investing in Mplx Lp for a number of months, seems to be bullish on the $27.62B market cap company. The stock decreased 0.43% or $0.15 during the last trading session, reaching $34.79. About 812,285 shares traded. MPLX LP (NYSE:MPLX) has declined 6.29% since May 11, 2017 and is downtrending. It has underperformed by 17.84% the S&P500.

More notable recent MPLX LP (NYSE:MPLX) news were published by: Gurufocus.com which released: “8 Stocks T. Boone Pickens Continues to Buy” on May 10, 2018, also Prnewswire.com with their article: “Pre-Market Technical Pulse on Oil & Gas Pipelines Stocks — Genesis Energy, Enbridge, Kinder Morgan, and MPLX” published on May 08, 2018, Bizjournals.com published: “Market conditions created ideal timing for Marathon to acquire Andeavor” on May 10, 2018. More interesting news about MPLX LP (NYSE:MPLX) were released by: Seekingalpha.com and their article: “MPLX’s (MPLX) CEO Gary Heminger on Q1 2018 Results – Earnings Call Transcript” published on April 30, 2018 as well as Fool.com‘s news article titled: “A New Question Now Hovers Over MPLX’s Earnings” with publication date: May 08, 2018.

Investors sentiment decreased to 0.82 in 2017 Q4. Its down 0.22, from 1.04 in 2017Q3. It turned negative, as 32 investors sold MPLX shares while 89 reduced holdings. 26 funds opened positions while 73 raised stakes. 250.53 million shares or 3.20% less from 258.81 million shares in 2017Q3 were reported. Heritage Wealth reported 0.71% stake. Trellus Mgmt Communications Lc holds 0.29% or 5,995 shares. Vantage Llc invested in 0.01% or 1,000 shares. Center Coast Ltd Partnership reported 7.58 million shares or 7.23% of all its holdings. Fairfield Bush holds 13,242 shares or 0.13% of its portfolio. C V Starr Communication Incorporated holds 13.19% or 73,600 shares in its portfolio. Natixis reported 3.58M shares. Glenmede Tru Communication Na owns 14,570 shares. Tarbox Family Office holds 0.04% of its portfolio in MPLX LP (NYSE:MPLX) for 2,522 shares. Roanoke Asset Mgmt Corp New York stated it has 0.17% of its portfolio in MPLX LP (NYSE:MPLX). Credit Suisse Ag has invested 0.01% in MPLX LP (NYSE:MPLX). Oppenheimer & holds 23,451 shares or 0.02% of its portfolio. Salient Capital Advsrs Lc accumulated 3.26% or 4.16M shares. Avenir Corporation holds 0.86% in MPLX LP (NYSE:MPLX) or 261,567 shares. Diversified Trust Communication accumulated 55,306 shares.

Wexford Capital Lp, which manages about $6.34 billion and $1.17B US Long portfolio, decreased its stake in Tootsie Roll Inds Inc (NYSE:TR) by 11,038 shares to 8,393 shares, valued at $306,000 in 2017Q4, according to the filing. It also reduced its holding in Diamondback Energy Inc (NASDAQ:FANG) by 172,145 shares in the quarter, leaving it with 425,808 shares, and cut its stake in Energy Transfer Equity LP (NYSE:ETE).

Among 21 analysts covering MPLX LP (NYSE:MPLX), 17 have Buy rating, 0 Sell and 4 Hold. Therefore 81% are positive. MPLX LP had 67 analyst reports since October 20, 2015 according to SRatingsIntel. As per Monday, October 31, the company rating was upgraded by Jefferies. The stock has “Sector Outperform” rating by Howard Weil on Tuesday, December 15. Morgan Stanley upgraded MPLX LP (NYSE:MPLX) on Friday, March 23 to “Overweight” rating. Jefferies maintained it with “Hold” rating and $3600 target in Tuesday, April 24 report. Barclays Capital maintained the stock with “Equal-Weight” rating in Tuesday, April 17 report. Raymond James upgraded the shares of MPLX in report on Monday, October 31 to “Strong Buy” rating. The firm has “Buy” rating given on Thursday, June 1 by Jefferies. The firm earned “Buy” rating on Tuesday, April 10 by Citigroup. Mizuho maintained the shares of MPLX in report on Friday, February 2 with “Buy” rating. Stifel Nicolaus maintained it with “Buy” rating and $42 target in Tuesday, May 1 report.

Since December 11, 2017, it had 0 insider purchases, and 1 insider sale for $74,000 activity.

Investors sentiment decreased to 0.79 in Q4 2017. Its down 0.11, from 0.9 in 2017Q3. It dropped, as 14 investors sold TOO shares while 20 reduced holdings. 15 funds opened positions while 12 raised stakes. 73.81 million shares or 3.75% more from 71.14 million shares in 2017Q3 were reported. Missouri-based Benjamin F Edwards & Com has invested 0% in Teekay Offshore Partners L.P. (NYSE:TOO). Parallax Volatility Advisers LP holds 0% of its portfolio in Teekay Offshore Partners L.P. (NYSE:TOO) for 149,455 shares. 1,000 were reported by First Interstate Natl Bank. Van Eck Associates reported 0.01% in Teekay Offshore Partners L.P. (NYSE:TOO). Moreover, Wells Fargo And Mn has 0% invested in Teekay Offshore Partners L.P. (NYSE:TOO). Hbk Lp has 14,300 shares for 0% of their portfolio. Arrow Advsr Ltd holds 0.18% of its portfolio in Teekay Offshore Partners L.P. (NYSE:TOO) for 278,480 shares. Susquehanna Limited Liability Partnership invested in 1.04 million shares. Weiss Multi owns 1.34M shares. Rhode Island-based Endurance Wealth has invested 0% in Teekay Offshore Partners L.P. (NYSE:TOO). Eagle Limited Liability holds 4.41 million shares or 0.33% of its portfolio. Exane Derivatives accumulated 53 shares. Northern Corporation reported 0% in Teekay Offshore Partners L.P. (NYSE:TOO). Walleye Trading Lc holds 0% or 4,953 shares in its portfolio. National Bank Of Mellon owns 15,021 shares or 0% of their US portfolio.

More recent Teekay Offshore Partners L.P. (NYSE:TOO) news were published by: Globenewswire.com which released: “Teekay Offshore Partners Announces First Oil and Contract Start-up for the Petrojarl I FPSO” on May 10, 2018. Also Globenewswire.com published the news titled: “Teekay Offshore Partners Announces Management Change” on May 03, 2018. Globenewswire.com‘s news article titled: “Teekay Group Announces First Quarter 2018 Earnings Results Conference Calls” with publication date: May 08, 2018 was also an interesting one.

MPLX LP (NYSE:MPLX) Institutional Positions Chart

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