Hite Hedge Asset Management buys $13,470,760 stake in VTTI Energy Partners LP (VTTI)

VTTI Energy Partners LP (VTTI) : Hite Hedge Asset Management scooped up 16,400 additional shares in VTTI Energy Partners LP during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 26, 2016. The investment management firm now holds a total of 673,538 shares of VTTI Energy Partners LP which is valued at $13,470,760.VTTI Energy Partners LP makes up approximately 5.49% of Hite Hedge Asset Management’s portfolio.

VTTI Energy Partners LP closed down -0.52 points or -2.60% at $19.48 with 1,26,985 shares getting traded on Monday. Post opening the session at $20.07, the shares hit an intraday low of $19.27 and an intraday high of $20.6999 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Other Hedge Funds, Including , Simplex Trading sold out all of its stake in VTTI during the most recent quarter. The investment firm sold 900 shares of VTTI which is valued $16,704.

Many Wall Street Analysts have commented on VTTI Energy Partners LP. VTTI Energy Partners LP was Downgraded by Credit Suisse to ” Neutral” on Mar 17, 2016.

VTTI Energy Partners LP (VTTI Partners) is a limited partnership that provides long-term fee-based terminaling services for third party companies engaged in the production processing distribution and marketing of refined petroleum products and crude oil. The Company provides storage and terminaling services for a range of energy industry participants including marketing companies integrated oil companies national oil companies distributors and chemical and petrochemical companies. The Company’s assets consist of a 36% indirect interest in VTTI MLP B.V. (VTTI Operating) which owns 100% of a portfolio of six terminals with 397 tanks and 35.5 million barrels of refined petroleum product and crude oil storage capacity located in Europe the Middle East Asia and North America. The Company’s terminals include Amsterdam terminal Rotterdam terminal Antwerp terminal Fujairah terminal Johore terminal and Seaport Canaveral terminal.

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