Anti-Sprague Resources LP Institutional Investors Sentiment Runs Low in Q1 2018

July 14, 2018 - By Carol Mulligan

Sprague Resources LP (NYSE:SRLP) Logo

Sentiment for Sprague Resources LP (NYSE:SRLP)

Sprague Resources LP (NYSE:SRLP) institutional sentiment decreased to 0.79 in Q1 2018. Its down -0.39, from 1.18 in 2017Q4. The ratio dived, as 11 funds started new and increased positions, while 14 sold and reduced their stock positions in Sprague Resources LP. The funds in our partner’s database reported: 4.89 million shares, up from 4.85 million shares in 2017Q4. Also, the number of funds holding Sprague Resources LP in their top 10 positions was flat from 0 to 0 for the same number . Sold All: 5 Reduced: 9 Increased: 7 New Position: 4.

Sprague Resources LP engages in the purchase, storage, distribution, and sale of refined petroleum products and natural gas in the United States. The company has market cap of $569.32 million. The firm operates through four divisions: Refined Products, Natural Gas, Materials Handling, and Other Operations. It has a 22.17 P/E ratio. The Refined Products segment purchases and sells various refined products, such as heating oil, diesel fuel, residual fuel oil, kerosene, jet fuel, gasoline, and asphalt to wholesale and commercial customers.

The stock increased 0.80% or $0.2 during the last trading session, reaching $25.05. About 8,014 shares traded. Sprague Resources LP (NYSE:SRLP) has declined 14.88% since July 14, 2017 and is downtrending. It has underperformed by 27.45% the S&P500.

Analysts await Sprague Resources LP (NYSE:SRLP) to report earnings on August, 8. They expect $-0.52 EPS, down 33.33 % or $0.13 from last year’s $-0.39 per share. After $3.21 actual EPS reported by Sprague Resources LP for the previous quarter, Wall Street now forecasts -116.20 % negative EPS growth.

Doheny Asset Management Ca holds 1.34% of its portfolio in Sprague Resources LP for 106,850 shares. Spirit Of America Management Corp Ny owns 220,282 shares or 0.69% of their US portfolio. Moreover, Kayne Anderson Capital Advisors Lp has 0.29% invested in the company for 843,254 shares. The Minnesota-based Advantus Capital Management Inc has invested 0.04% in the stock. Gsa Capital Partners Llp, a United Kingdom-based fund reported 20,375 shares.

Since January 1, 0001, it had 0 insider purchases, and 2 selling transactions for $54,346 activity.

Sprague Resources LP (NYSE:SRLP) Ratings Coverage

Ratings analysis reveals 33% of Sprague Resources’s analysts are positive. Out of 3 Wall Street analysts rating Sprague Resources, 1 give it “Buy”, 2 “Sell” rating, while 0 recommend “Hold”. SRLP was included in 3 notes of analysts from March 14, 2018. The firm earned “Underweight” rating on Friday, April 6 by JP Morgan. The firm earned “Buy” rating on Wednesday, March 14 by FBR Capital. On Friday, April 6 the stock rating was downgraded by J.P. Morgan to “Sell”.

Sprague Resources LP (NYSE:SRLP) Institutional Positions Chart

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