Arc Logistic Partners LP Common (NYSE:ARCX) Stock Traded -5.9% Below Its 50 Day Moving Average
Company shares last traded at $14.14 only a bit lower than the 50 day moving average of $15.03 and which is marginally under the 200 day moving average of $14.76. The 50 day moving average current oil barrel price was down by -5.95% whereas the 200 day moving average was down $-0.62 or -4.22%. (NYSE:ARCX) shares saw heavy trading volume with 32K shares changing hands by current oil barrel price the top of trading on Wednesday. Trading volume was up 98.43% over the stocks average daily volume.
The following firms have also recently changed their position in ARCX. Mariner Wealth Advisors, LLC added to its investment by buying 434 shares an increase of 3.0% within the quarter. Mariner Wealth Advisors, LLC claims 14,765 shares valued at $224,000. The entire value of its holdings increased 9.8%. Morgan Stanley cut its stake by shedding 41,064 shares a decrease of 81.0% from 03/31/2017 to 06/30/2017. Morgan Stanley now holds 9,636 shares with a worth of $146,000. The value of the position overall is down by 79.8%.
D.a. Davidson & Co. grew its ownership by buying 2,200 shares a rise of 29.7% as of 06/30/2017. D.a. Davidson & Co. owns 9,604 shares worth $145,000. The overall value of its holdings increased 38.1%. As of quarter end Wells Fargo & Company/mn had bought 2,200 shares growing its holdings by 88.0%. The worth of the investment in (ARCX) increased from $36,000 to $71,000 increasing 97.2% quarter to quarter.
On August 9 the company was upgraded to “Buy” from “Hold” in an announcement from Stifel Nicolaus.
The corporate is down since yesterday’s close of $14.15. Arc Logistic Partners LP Common announced a dividend paid on Tuesday the 15th of August 2017. The dividend was $0.440 per share for the quarter which involves $1.76 on an annualized basis. This dividend represents a yield of $12.44. The ex-dividend date was Friday the 4th of August 2017.
Arc Logistic Partners LP Common currently has a P/E ratio of 23.26 and the market cap of the corporate is 276.37M. In the most recent earnings report the EPS was $0.61 and is expected to be $0.77 for the current year with 19,545,000 shares currently outstanding. Next quarter’s EPS is anticipated be $0.20 with next year’s EPS anticipated to be $0.81.
Arc Logistics Partners LP, launched on July 29, 2013, owns, operates, develops and acquires a portfolio of energy logistics assets. The company is involved in the terminaling, storage, throughput and transloading of crude oil and petroleum products. It is targeted on growing its business through the optimization, organic development and acquisition of terminaling, storage, rail, pipeline and other energy logistics assets. As of March 6, 2017, its energy logistics assets were located in the East Coast, Gulf Coast, Midwest, Rocky Mountains and West Coast regions of the United States and supplied a gaggle of third-party customers, including oil companies, independent refiners, crude oil and petroleum product marketers, distributors and various industrial manufacturers. As of December 31, 2016, its assets consisted of 21 terminals in 12 states located within the East Coast, Gulf Coast, Midwest, Rocky Mountains and West Coast regions of the United States with approximately 7.8 million barrels of crude oil and petroleum product storage capacity; four rail transloading facilities with approximately 126,000 barrels per day (bpd) of throughput capacity, and the liquefied natural gas (LNG) Interest in connection with the LNG Facility, which had 320,000 cubic meter (M3) of LNG storage, 1.5 billion cubic feet per day (bcf/d) natural gas sendout capacity and interconnects to natural gas pipeline networks..