Important Short Interest Filing: Is Suburban Propane Partners L P (NYSE:SPH)’s Fuel Running Low? Reports Show More Sellers

November 16, 2016 - By kentuckypostne   ·   0 Comments

Important Short Interest Filing: Is Suburban Propane Partners L P (NYSE:SPH)’s Fuel Running Low? Reports Show More Sellers

The stock of Suburban Propane Partners L P (NYSE:SPH) registered an increase of 4.29% in short interest. SPH’s total short interest was 507,900 shares in November as published by FINRA. Its up 4.29% from 487,000 shares, reported previously. With 167,100 shares average volume, it will take short sellers 3 days to cover their SPH’s short positions. The short interest to Suburban Propane Partners L P’s float is 0.84%. About 75,651 shares traded hands. Suburban Propane Partners LP (NYSE:SPH) has declined 7.50% since April 14, 2016 and is downtrending. It has underperformed by 12.18% the S&P500.

Suburban Propane Partners, L.P. is a marketer and distributor of a range of products meeting the energy needs of the customers. The company has a market cap of $1.73 billion. The Firm is specialized in the distribution of propane, fuel oil and refined fuels, as well as the marketing of natural gas and electricity in deregulated markets. It has a 121.12 P/E ratio. The Firm conducts its business through Suburban Propane, L.P., which operates its propane business and assets (the Operating Partnership), and its direct and indirect subsidiaries.

Insitutional Activity: The institutional sentiment increased to 1.06 in Q2 2016. Its up 0.27, from 0.79 in 2016Q1. The ratio increased, as 13 funds sold all Suburban Propane Partners LP shares owned while 38 reduced positions. 13 funds bought stakes while 41 increased positions. They now own 17.65 million shares or 1.99% less from 18.01 million shares in 2016Q1.
Atlantic Tru Group Limited accumulated 0.05% or 189,744 shares. Moreover, Glenmede Na has 0% invested in Suburban Propane Partners LP (NYSE:SPH) for 11,355 shares. Bessemer Gru accumulated 0% or 216 shares. Mariner Wealth Advisors Limited Company, a Kansas-based fund reported 36,904 shares. Raymond James Associates holds 0% of its portfolio in Suburban Propane Partners LP (NYSE:SPH) for 36,959 shares. Peak6 Invests Lp last reported 1,986 shares in the company. Cushing Asset Management Lp, a Texas-based fund reported 613,804 shares. Jacobus Wealth Mgmt Inc has 0.09% invested in the company for 8,571 shares. Fifth Third Bancorporation last reported 260 shares in the company. Creative Planning has 26,216 shares for 0.01% of their US portfolio. Spot Trading Ltd Limited Liability Company last reported 991 shares in the company. Moreover, Bush Odonnell Inv Advisors Inc has 0.19% invested in Suburban Propane Partners LP (NYSE:SPH) for 8,365 shares. Ladenburg Thalmann Financial Services has 19,035 shares for 0.01% of their US portfolio. Waddell And Reed Financial holds 22,141 shares or 0% of its portfolio. Royal Financial Bank Of Canada has 0.03% invested in the company for 1.27 million shares.

Suburban Propane Partners LP (NYSE:SPH) Ratings Coverage

Out of 7 analysts covering Suburban Propane Partners (NYSE:SPH), 1 rate it a “Buy”, 2 “Sell”, while 4 “Hold”. This means 14% are positive. Suburban Propane Partners has been the topic of 14 analyst reports since August 10, 2015 according to StockzIntelligence Inc. Stifel Nicolaus maintained the stock with “Buy” rating in Wednesday, December 30 report. Stifel Nicolaus downgraded the shares of SPH in a report on Friday, March 18 to “Hold” rating. Janney Capital initiated the shares of SPH in a report on Wednesday, March 2 with “Buy” rating. The firm earned “Neutral” rating on Friday, June 10 by UBS. The rating was maintained by JP Morgan with “Neutral” on Monday, November 2. Barclays Capital maintained the shares of SPH in a report on Tuesday, August 11 with “Underweight” rating. UBS upgraded it to “Neutral” rating and $42 target price in Monday, August 10 report. The stock has “Buy” rating given by Stifel Nicolaus on Thursday, October 13. The rating was upgraded by Citigroup to “Buy” on Friday, February 5. Citigroup downgraded the shares of SPH in a report on Friday, May 20 to “Neutral” rating.

SPH Company Profile

Suburban Propane Partners, L.P., incorporated on December 18, 1995, is s a marketer and distributor of a range of products meeting the energy needs of the customers. The Firm is engaged in the distribution of propane, fuel oil and refined fuels, as well as the marketing of natural gas and electricity in deregulated markets. The Company’s divisions include Propane, Fuel Oil and Refined Fuels, and Natural Gas and Electricity, and All Other. The Propane segment is engaged in the retail distribution of propane to residential, commercial, industrial and agricultural clients and, to a lesser extent, wholesale distribution to large industrial end users. The Fuel Oil and Refined Fuels segment is engaged in the retail distribution of fuel oil, diesel, kerosene and gasoline to residential and commercial customers. The Natural Gas and Electricity segment is engaged in the marketing of natural gas and electricity to residential and commercial clients in the deregulated energy markets of New York and Pennsylvania. The All Other segment is engaged in the sale, installation and servicing of a range of home comfort equipment, particularly in the areas of heating and ventilation.

More notable recent Suburban Propane Partners LP (NYSE:SPH) news were published by: Prnewswire.com which released: “Suburban Propane Partners, L.P. Appoints Terence J. Connors and William M …” on November 16, 2016, also Fool.com with their article: “3 Terrible Reasons to Sell Suburban Propane Partners LP” published on November 01, 2016, Fool.com published: “The Worst Mistake Suburban Propane Partners LP Investors Can Make Right Now” on April 16, 2016. More interesting news about Suburban Propane Partners LP (NYSE:SPH) were released by: Fool.com and their article: “Read This Before You Buy Suburban Propane Partners, L.P. Stock” published on April 24, 2016 as well as Prnewswire.com‘s news article titled: “Suburban Propane Partners, L.P. Announces Third Quarter Earnings” with publication date: August 04, 2016.

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