Northern Tier Energy LP (NTI) : Texas Yale Capital Corp. reduced its stake in Northern Tier Energy LP by 4.02% during the most recent quarter end. The investment management company now holds a total of 474,705 shares of Northern Tier Energy LP which is valued at $10 Million after selling 19,900 shares in Northern Tier Energy LP , the firm said in a disclosure report filed with the SEC on May 13, 2016.Northern Tier Energy LP makes up approximately 1.05% of Texas Yale Capital Corp.’s portfolio.
Other Hedge Funds, Including , Peak6 Investments sold out all of its stake in NTI during the most recent quarter. The investment firm sold 297 shares of NTI which is valued $6,270. Janney Montgomery Scott sold out all of its stake in NTI during the most recent quarter. The investment firm sold 12,364 shares of NTI which is valued $261,004.Commonwealth Of Pennsylvania Public School Empls Retrmt Sys boosted its stake in NTI in the latest quarter, The investment management firm added 6,712 additional shares and now holds a total of 193,929 shares of Northern Tier Energy LP which is valued at $4.1 Million. Northern Tier Energy LP makes up approx 0.09% of Commonwealth Of Pennsylvania Public School Empls Retrmt Sys’s portfolio.Investors Capital Advisory Services reduced its stake in NTI by selling 1,325 shares or 6.47% in the most recent quarter. The Hedge Fund company now holds 19,147 shares of NTI which is valued at $404,193. Northern Tier Energy LP makes up approx 0.08% of Investors Capital Advisory Services’s portfolio.
Northern Tier Energy LP closed down -0.25 points or -1.15% at $21.47 with 2,56,592 shares getting traded on Wednesday. Post opening the session at $21.74, the shares hit an intraday low of $21.45 and an intraday high of $21.75 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
On the company’s financial health, Northern Tier Energy LP reported $0.16 EPS for the quarter, based on the information available during the earnings call on May 3, 2016. Analyst had a consensus estimate of $0.16. The company had revenue of $604.40 million for the quarter, compared to analysts expectations of $983.46 million. The company’s revenue was down -23.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.08 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.