Nicola Wealth Management LTD. lessened its holdings in shares of Walmart Inc (NYSE:WMT) by 19.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 45,000 shares of the retailer’s stock after selling 11,000 shares during the period. Nicola Wealth Management LTD.’s holdings in Walmart were worth $3,854,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Hanseatic Management Services Inc. lifted its holdings in shares of Walmart by 106.0% during the 1st quarter. Hanseatic Management Services Inc. now owns 1,201 shares of the retailer’s stock worth $107,000 after acquiring an additional 618 shares during the period. We Are One Seven LLC bought a new stake in shares of Walmart during the 4th quarter worth approximately $123,000. G&S Capital LLC bought a new stake in shares of Walmart during the 4th quarter worth approximately $128,000. Wagner Wealth Management LLC bought a new stake in shares of Walmart during the 4th quarter worth approximately $132,000. Finally, Prime Capital Investment Advisors LLC bought a new stake in shares of Walmart during the 4th quarter worth approximately $138,000. Hedge funds and other institutional investors own 29.68% of the company’s stock.
Top 5 Energy Stocks To Buy For 2021: Enbridge Inc(ENB)
Enbridge Inc. operates as an energy transportation and distribution company in the United States and Canada. Its Liquids Pipelines segment operates common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals. The companys Gas Distribution segment operates as a natural gas utility that serves residential, commercial, and industrial customers in Central and Eastern Ontario, and Northern New York State, as well as in Quebec and New Brunswick. Its Gas Pipelines, Processing and Energy Services segment has interests in natural gas pipelines, including the Vector Pipeline and transmission and gathering pipelines in the Gulf of Mexico, as well as holds an interest in Aux Sable, a natural gas fractionation and extraction facility. This segment is also involved in the renewable energy projects, such as wind, solar, and geothermal projects with a generating capacity of approximately 2,800 MW. The companys Sponsored Investments segment is involved in renewable and alternative power generation; crude oil and liquid petroleum transportation and storage; and natural gas and NGL gathering, treating, processing, and transportation. Enbridge Inc. has a strategic partnership with EDF Group for the development, construction, and operation of three French offshore wind farms. The company was formerly known as IPL Energy Inc. and changed its name to Enbridge Inc. in October 1998. Enbridge Inc. was founded in 1949 and is headquartered in Calgary, Canada.
- [By Matthew DiLallo]
Oil and gas midstream infrastructure: The U.S. has the largest energy pipeline network in the world, at more than 2.4 million miles. In addition to that, the energy industry requires several other mission-critical midstream infrastructure assets to transport, process, and store oil, natural gas, and refined petroleum products. Canada’s Enbridge (NYSE:ENB) is the largest energy infrastructure company in North America. It operates the world’s longest crude oil and liquids transportation system, and it’s also the North American leader in the transportation, processing,and storage of natural gas.
- [By Max Byerly]
Several hedge funds have recently added to or reduced their stakes in ENB. Comerica Bank boosted its position in shares of Enbridge by 7.6% during the 3rd quarter. Comerica Bank now owns 134,177 shares of the pipeline company’s stock worth $4,338,000 after purchasing an additional 9,531 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in shares of Enbridge by 8.7% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 129,760 shares of the pipeline company’s stock worth $4,190,000 after purchasing an additional 10,336 shares in the last quarter. Virginia Retirement Systems ET AL boosted its position in shares of Enbridge by 61.5% during the 3rd quarter. Virginia Retirement Systems ET AL now owns 35,200 shares of the pipeline company’s stock worth $1,135,000 after purchasing an additional 13,400 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in shares of Enbridge by 6.4% during the 3rd quarter. Commonwealth Equity Services LLC now owns 349,824 shares of the pipeline company’s stock worth $11,295,000 after purchasing an additional 20,950 shares in the last quarter. Finally, Lincoln National Corp boosted its position in shares of Enbridge by 39.0% during the 3rd quarter. Lincoln National Corp now owns 10,717 shares of the pipeline company’s stock worth $346,000 after purchasing an additional 3,009 shares in the last quarter. 51.52% of the stock is currently owned by institutional investors.
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Top 5 Energy Stocks To Buy For 2021: Williams Partners L.P.(WPZ)
Williams Partners L.P. focuses on natural gas transportation, gathering, treating and processing, storage, natural gas liquid fractionation, and oil transportation activities in the United States. The company operates in two segments, Gas Pipeline, and Midstream Gas and Liquids. The Gas Pipeline segment owns and operates approximately 13,900 miles of pipelines with annual throughput of approximately 2,700 trillion British thermal units of natural gas and delivery capacity of approximately 13 million dekatherms of gas. This segment also owns interests in joint venture interstate and intrastate natural gas pipeline systems. The Midstream Gas and Liquids segment includes natural gas gathering, processing, and treating facilities; and crude oil gathering and transportation facilities that serve the producing basins in Colorado, New Mexico, Wyoming, the Gulf of Mexico, and Pennsylvania. Williams Partners GP LLC serves as the general partner of the company. Williams Partners L.P . was founded in 2005 and is based in Tulsa, Oklahoma.
- [By Tyler Crowe, Jason Hall, and Matthew DiLallo]
Matt DiLallo(Williams Companies): This natural gas pipeline giant has had a slow start in 2018. Through the first half of the year, cash flow at the company’s MLP Williams Partners (NYSE:WPZ) has only increased by about 2%, due mainly to recent asset sales. However, with a major expansion project coming on line, cash flow growth should accelerate in the second half of the year. That project and others in the pipeline have the company on track to grow cash flow 9% in 2018 and another 13% next year.
- [By Matthew DiLallo]
Overall, earnings at both Williams and its MLP Williams Partners (NYSE:WPZ) were down slightly versus the year-ago period due to asset sales, while cash flow modestly increased thanks to lower interest expenses.
Top 5 Energy Stocks To Buy For 2021: ENSERVCO Corporation(ENSV)
Enservco Corporation, through its subsidiaries, provides oil field services to the onshore oil and natural gas industry in the United States. It offers well enhancement services, such as hot oiling, acidizing, frac water heating, and pressure testing; fluid management services, including water transfer, water treatment, water/fluid hauling, frac tank rental, and disposal services; and well site construction and roustabout services, as well as other general oilfield services. The company owns and operates a fleet of approximately 340 specialized trucks, trailers, frac tanks, and other well-site related equipment. It operates in the Eastern United States region comprising the Southern region of the Marcellus Shale formation and the Utica Shale formation in eastern Ohio; Rocky Mountain Region consisting of western Colorado and southern Wyoming, central Wyoming, and western North Dakota and eastern Montana; and the Central United States region, including southwestern Kansas, Texas panhandle, northwestern Oklahoma, and the Eagle Ford Shale in south Texas. The company was founded in 1974 and is headquartered in Denver, Colorado.
- [By Logan Wallace]
Enservco (NYSEAMERICAN:ENSV) will be issuing its quarterly earnings data before the market opens on Wednesday, May 9th.
Enservco (NYSEAMERICAN:ENSV) last issued its earnings results on Thursday, March 22nd. The oil and gas producer reported ($0.04) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.03). Enservco had a negative return on equity of 89.94% and a negative net margin of 43.71%. The business had revenue of $14.13 million during the quarter.
Top 5 Energy Stocks To Buy For 2021: Shell Midstream Partners, L.P.(SHLX)
Shell Midstream Partners, L.P. owns, operates, develops, and acquires pipelines and other midstream assets in the United States. The company owns interests in four crude oil pipeline systems and two refined products pipeline systems, as well as a crude tank storage and terminal system. Its crude oil pipeline systems include approximately 350 miles of Zydeco pipeline system from Houston to St. James and Clovelly, Louisiana; and Mars pipeline system originating approximately 95 miles offshore in the deepwater Mississippi Canyon and in salt dome caverns in Clovelly, Louisiana. The companys refined products pipeline systems consist of 158-mile Bengal pipeline system connecting four refineries in southern Louisiana to long-haul transportation pipelines; and approximately 5,500 miles of pipeline connecting refineries along the Gulf Coast to approximately 265 marketing terminals between Houston, Texas and Linden, New Jersey. Shell Midstream Partners GP LLC serves as the general partner of Shell Midstream Partners, L.P. The company was founded in 2014 and is based in Houston, Texas. Shell Midstream Partners, L.P. is a subsidiary of Shell Midstream LP Holdings LLC.
- [By Motley Fool Transcribers]
Shell Midstream Partners LP (NYSE:SHLX)Q42018 Earnings Conference CallFeb. 21, 2019, 10:00 a.m. ET
Prepared Remarks Questions and Answers Call Participants
- [By Matthew DiLallo]
BP Midstream Partners has agreed to acquire interests in three assets from BP in a transaction valued at $468 million. The first asset is Mardi Gras, a joint venture (JV) withRoyal Dutch Shell (NYSE:RDS-A)(NYSE:RDS-B) and its MLP,Shell Midstream Partners (NYSE:SHLX), which operates four offshore pipelines. BP Midstream already owned 20% of BP’s interest in the JV but will now hold 65% of that stake. It’s an important system that the partners have recently expanded so that it can support their new projects in the Gulf. They include Shell’s Appomattox platform, which should start up next year, and BP’s Thunder Horse North West Expansion, Atlantis Phase three, and Mad Dog 2, which will begin in 2019, 2020, and 2021, respectively.
- [By Matthew DiLallo]
Thanks in part to higher oil prices, the average energy stock in the S&P 500 is up nearly 17% over the past year. However, those improving market conditions haven’t taken the entire sector higher. Three laggards that stand out are fast-growing, high-yielding MLPs Antero Midstream Partners (NYSE:AM), Shell Midstream Partners (NYSE:SHLX), and EQT Midstream Partners (NYSE:EQM), which have all lost more than 10% of their value over the past year. Because of that, these MLPs look like compelling options for income-seeking investors to consider.
- [By Joseph Griffin]
Get a free copy of the Zacks research report on Shell Midstream Partners (SHLX)
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Top 5 Energy Stocks To Buy For 2021: Carrizo Oil & Gas, Inc.(CRZO)
Carrizo Oil & Gas, Inc. is a Houston-based energy company which, together with its subsidiaries (collectively, “Carrizo,” the “Company” or “we”), is actively engaged in the exploration, development, and production of oil and gas primarily from resource plays located in the United States. Our current operations are principally focused in proven, producing oil and gas plays primarily in the Eagle Ford Shale in South Texas, the Delaware Basin in West Texas, the Utica Shale in Ohio, the Niobrara Formation in Colorado and the Marcellus Shale in Pennsylvania. The Company achieved record total production in 2015 of 13.4 MMBoe, a 12% increase from 2014, despite significantly lower capital expenditures in 2015 when compared to 2014. At year-end 2015, our proved reserves of 170.6 MMBoe were 64% crude oil, 12% natural gas liquids and 24% natural gas. Our reserves increased primarily as a result of our ongoing drilling program in the Eagle Ford. Advisors’ Opinion:
- [By Stephan Byrd]
Carrizo Oil & Gas (NASDAQ:CRZO)’s stock had its “buy” rating reaffirmed by investment analysts at Northland Securities in a report issued on Tuesday. They currently have a $25.00 price objective on the oil and gas producer’s stock. Northland Securities’ price target would suggest a potential upside of 109.21% from the company’s previous close.
- [By Max Byerly]
BidaskClub upgraded shares of Carrizo Oil & Gas (NASDAQ:CRZO) from a hold rating to a buy rating in a report published on Wednesday morning.
Several other research firms have also commented on CRZO. Royal Bank of Canada reissued a buy rating and set a $29.00 price target on shares of Carrizo Oil & Gas in a research report on Thursday, July 12th. Zacks Investment Research lowered shares of Carrizo Oil & Gas from a buy rating to a hold rating in a research report on Thursday, July 26th. Stifel Nicolaus cut their price objective on shares of Carrizo Oil & Gas from $44.00 to $34.00 and set a buy rating on the stock in a report on Thursday, June 28th. Jefferies Financial Group restated a hold rating and set a $27.00 price objective on shares of Carrizo Oil & Gas in a report on Wednesday, July 18th. Finally, Williams Capital restated a buy rating and set a $41.00 price objective on shares of Carrizo Oil & Gas in a report on Monday, July 23rd. Nine equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of $29.58.