Northern Tier Energy LP (NTI) : Quality Growth Management reduced its stake in Northern Tier Energy LP by 3.05% during the most recent quarter end. The investment management company now holds a total of 171,995 shares of Northern Tier Energy LP which is valued at $3,936,966 after selling 5,405 shares in Northern Tier Energy LP , the firm said in a disclosure report filed with the SEC on Apr 15, 2016.Northern Tier Energy LP makes up approximately 4.37% of Quality Growth Management’s portfolio.
Northern Tier Energy LP opened for trading at $22.88 and hit $22.98 on the upside on Wednesday, eventually ending the session at $22.94, with a gain of 0.35% or 0.08 points. The heightened volatility saw the trading volume jump to 9,02,662 shares. Company has a market cap of $2,135 M.
Other Hedge Funds, Including , Donald L. Hagan added NTI to its portfolio by purchasing 600 company shares during the most recent quarter which is valued at $13,734. Northern Tier Energy LP makes up approx 0.01% of Donald L. Hagan’s portfolio.Simplex Trading reduced its stake in NTI by selling 979 shares or 3.62% in the most recent quarter. The Hedge Fund company now holds 26,085 shares of NTI which is valued at $597,086. Northern Tier Energy LP makes up approx 0.09% of Simplex Trading’s portfolio. Gradient Investments added NTI to its portfolio by purchasing 1,000 company shares during the most recent quarter which is valued at $22,890.Creative Planning boosted its stake in NTI in the latest quarter, The investment management firm added 13,500 additional shares and now holds a total of 30,047 shares of Northern Tier Energy LP which is valued at $691,682. Northern Tier Energy LP makes up approx 0.01% of Creative Planning’s portfolio.
On the company’s financial health, Northern Tier Energy LP reported $0.68 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Feb 25, 2016. Analyst had a consensus of $0.66. The company had revenue of $759.80 million for the quarter, compared to analysts expectations of $737.40 million. The company’s revenue was down -28.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.97 EPS.
Many Wall Street Analysts have commented on Northern Tier Energy LP. Northern Tier Energy LP was Downgraded by Credit Suisse to ” Neutral” on Apr 11, 2016. Shares were Downgraded by Barclays on Feb 29, 2016 to ” Underweight” and Lowered the Price Target to $ 25 from a previous price target of $31 .
Northern Tier Energy LP (Northern Tier) is a downstream energy limited partnership. The Company has refining retail and logistics operations that serve the Petroleum Administration for Defense District II (PADD II) region of the United States. Its segments include the refining business and the retail business. The Companys refining segment consists of a 97800 barrels per stream day (bpsd) refinery located in St. Paul Park Minnesota. Its refineries process a variety of light heavy sweet and sour crudes into refined products. It is one of the two refineries in Minnesota and one of four refineries in the Upper Great Plains area within the PADD II region. The Companys retail segment operated 165 convenience stores under the SuperAmerica brand and also supported 89 franchised convenience stores which are also operated under the SuperAmerica brand. These convenience stores are located throughout Minnesota Wisconsin and South Dakota.