Avalon Advisors Boosted Its Magellan Midstream Partners LP (MMP) Holding; Patterson Uti Energy (PTEN) Has 0.97 Sentiment

Avalon Advisors Llc increased Magellan Midstream Partners Lp (MMP) stake by 100.11% reported in 2018Q4 SEC filing. Avalon Advisors Llc acquired 14,149 shares as Magellan Midstream Partners Lp (MMP)’s stock rose 1.37%. The Avalon Advisors Llc holds 28,283 shares with $1.61M value, up from 14,134 last quarter. Magellan Midstream Partners Lp now has $14.00B valuation. The stock decreased 0.11% or $0.07 during the last trading session, reaching $61.3. About 201,057 shares traded. Magellan Midstream Partners, L.P. (NYSE:MMP) has declined 3.57% since April 25, 2018 and is downtrending. It has underperformed by 7.94% the S&P500. Some Historical MMP News: 02/05/2018 – Magellan Midstream Increases Scope and Extends Open Season for Potential Expansion of Western Leg of Texas Refined Products Pip; 26/04/2018 – Magellan Midstream Raises Quarterly Cash Distribution to 93.75c Vs. 92c; 03/05/2018 – MAGELLAN MIDSTREAM SEES FY DISTRIBUTABLE CASH FLOW $1.08B; 03/05/2018 – Magellan Midstream 1Q Rev $678.8M; 17/05/2018 – Magellan Midstream to Participate in the 2018 MLP and Energy Infrastructure Conference; 03/05/2018 – MAGELLAN MIDSTREAM PARTNERS BEGINS 1Q EARNINGS CALL; 20/04/2018 – DJ Magellan Midstream Partners LP, Inst Holders, 1Q 2018 (MMP); 27/03/2018 – Report: Exploring Fundamental Drivers Behind Mobile TeleSystems OJSC, Scorpio Tankers, Magellan Midstream Partners, National St; 09/03/2018 – MAGELLAN MIDSTREAM PARTNERS – CUSTOMERS INTERESTED IN OPEN SEASON MUST SUBMIT BINDING COMMITMENTS BY 5:00 P.M. CENTRAL TIME ON MAY 9, 2018; 26/04/2018 – MAGELLAN MIDSTREAM PARTNERS LP – FIRST-QUARTER 2018 DISTRIBUTION IS 7% HIGHER THAN FIRST-QUARTER 2017 DISTRIBUTION

Patterson Uti Energy Inc (PTEN) investors sentiment increased to 0.97 in 2018 Q4. It’s up 0.04, from 0.93 in 2018Q3. The ratio improved, as 121 funds opened new and increased holdings, while 125 decreased and sold holdings in Patterson Uti Energy Inc. The funds in our database reported: 200.75 million shares, up from 199.36 million shares in 2018Q3. Also, the number of funds holding Patterson Uti Energy Inc in top ten holdings decreased from 4 to 3 for a decrease of 1. Sold All: 31 Reduced: 94 Increased: 77 New Position: 44.

Among 9 analysts covering Magellan Midstream (NYSE:MMP), 3 have Buy rating, 0 Sell and 6 Hold. Therefore 33% are positive. Magellan Midstream had 13 analyst reports since November 2, 2018 according to SRatingsIntel. On Friday, November 2 the stock rating was maintained by Barclays Capital with “Equal-Weight”. Citigroup maintained Magellan Midstream Partners, L.P. (NYSE:MMP) on Friday, November 2 with “Buy” rating. The rating was maintained by J.P. Morgan with “Hold” on Wednesday, March 13. Jefferies upgraded the stock to “Buy” rating in Thursday, December 20 report. Wells Fargo maintained it with “Market Perform” rating and $72 target in Tuesday, November 6 report. The firm has “Buy” rating by Ladenburg given on Tuesday, March 26. On Monday, November 5 the stock rating was maintained by Bank of America with “Buy”. As per Monday, January 28, the company rating was downgraded by Jefferies. On Monday, February 25 the stock rating was maintained by UBS with “Buy”.

Since December 10, 2018, it had 0 insider buys, and 1 insider sale for $581,368 activity. Korner Lisa J sold $581,368 worth of stock.

Investors sentiment increased to 0.87 in 2018 Q4. Its up 0.11, from 0.76 in 2018Q3. It improved, as 52 investors sold MMP shares while 151 reduced holdings. 54 funds opened positions while 123 raised stakes. 141.66 million shares or 1.66% more from 139.35 million shares in 2018Q3 were reported. Moreover, Stephens Inc Ar has 0.13% invested in Magellan Midstream Partners, L.P. (NYSE:MMP). Invesco Limited invested in 130,890 shares. New Jersey-based Bessemer Gru has invested 0.01% in Magellan Midstream Partners, L.P. (NYSE:MMP). United Automobile Association stated it has 0.04% in Magellan Midstream Partners, L.P. (NYSE:MMP). 12,888 are held by Amer Rech And Management. Rmsincerbeaux Management Ltd Liability reported 35,099 shares. Grp Inc One Trading Lp has invested 0.03% in Magellan Midstream Partners, L.P. (NYSE:MMP). Avalon Advsrs Ltd has invested 0.04% in Magellan Midstream Partners, L.P. (NYSE:MMP). Wilbanks Smith Thomas Asset Mgmt Ltd Liability holds 0.03% or 8,648 shares. Boston Lc holds 4,775 shares. 474,031 were accumulated by Bollard Gru. Cordasco Financial Networks owns 40 shares or 0% of their US portfolio. Bancshares Of Montreal Can holds 1.32 million shares. Patten Gru stated it has 0.04% in Magellan Midstream Partners, L.P. (NYSE:MMP). St Germain D J Communications holds 4,850 shares.

Avalon Advisors Llc decreased Lyondellbasell Industries Nv (NYSE:LYB) stake by 10,052 shares to 118,350 valued at $9.84M in 2018Q4. It also reduced Invesco Preferred Etf stake by 50,822 shares and now owns 710,693 shares. Cincinnati Financial Corp (NASDAQ:CINF) was reduced too.

More notable recent Magellan Midstream Partners, L.P. (NYSE:MMP) news were published by: Seekingalpha.com which released: “Magellan Midstream Partners declares $1.005 dividend – Seeking Alpha” on April 25, 2019, also Seekingalpha.com with their article: “A Setback For Magellan Midstream Partners – Seeking Alpha” published on March 28, 2019, Nasdaq.com published: “3 Top Energy Stocks to Buy Right Now – Nasdaq” on April 21, 2019. More interesting news about Magellan Midstream Partners, L.P. (NYSE:MMP) were released by: Seekingalpha.com and their article: “Magellan Midstream Partners: An Appealing MLP – Seeking Alpha” published on April 08, 2019 as well as Fool.com‘s news article titled: “5 Top-Tier Dividend Stocks Yielding 5% or More – The Motley Fool” with publication date: April 13, 2019.

The stock decreased 0.20% or $0.03 during the last trading session, reaching $15.11. About 3.18 million shares traded. Patterson-UTI Energy, Inc. (PTEN) has declined 25.34% since April 25, 2018 and is downtrending. It has underperformed by 29.71% the S&P500. Some Historical PTEN News: 27/03/2018 PATTERSON-UTI ENERGY SAYS ON MARCH 27, 2018, ENTERED INTO AN AMENDED AND RESTATED CREDIT AGREEMENT – SEC FILING; 04/04/2018 – PATTERSON-UTI ENERGY INC – FOR THREE MONTHS ENDED MARCH 31, 2018, COMPANY HAD AN AVERAGE OF 169 DRILLING RIGS OPERATING; 02/04/2018 – PATTERSON-UTI ENERGY REPORTS $600M CREDIT PACT; 22/05/2018 – SMG Industries Inc. Retains FieldView Capital Markets to Lead Investor Relations Program; 26/04/2018 – PATTERSON-UTI ENERGY INC PTEN.O – CAPEX BUDGET FOR 2018 REMAINS UNCHANGED AT APPROXIMATELY $675 MLN; 03/04/2018 – Patterson-UTI Energy Announces Appointment of Janeen S. Judah to Board of Directors; 02/04/2018 – Patterson-UTI Energy Announces $600M Credit Agreement; 26/04/2018 – Patterson-UTI 1Q Rev $809.2M; 26/04/2018 – Patterson-UTI Energy Reports Financial Results for Three Months Ended March 31, 2018; 26/04/2018 – Patterson-UTI 1Q Loss $34.4M

Covalent Partners Llc holds 8.71% of its portfolio in Patterson-UTI Energy, Inc. for 520,800 shares. Elm Ridge Management Llc owns 598,086 shares or 3.66% of their US portfolio. Moreover, Key Group Holdings (Cayman) Ltd. has 3.29% invested in the company for 5.00 million shares. The Texas-based Mitchell Group Inc has invested 2.03% in the stock. Van Den Berg Management I Inc, a Texas-based fund reported 1.12 million shares.

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Institutional Positions Chart

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