Dominion Midstream Partners, Lp (DM) Files Form 4 Insider Buying : Resources Inc /va/ Dominion Buys 74,764 Shares

Dominion Midstream Partners, Lp (DM): Resources Inc /va/ Dominion , director 10% owner of Dominion Midstream Partners, Lp purchased 74,764 shares on Jun 15, 2016. The Insider buying transaction was reported by the company on Jun 17, 2016 to the Securities and Exchange Commission. The shares were purchased at $27.02 per share for a total value of $2,019,843.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Feb 8, 2016, Resources Inc /va/ Dominion (director 10% owner) purchased 9,553 shares at $27.80 per share price.On Oct 6, 2015, John W. Snow (director) purchased 17,500 shares at $28.27 per share price.Also, On Sep 14, 2015, Thomas F Ii Farrell (CEO) purchased 5,000 shares at $29.96 per share price.On Aug 24, 2015, Mark F Mcgettrick (CFO) purchased 5,000 shares at $34.95 per share price.

Shares of Dominion Midstream Partners LP (DM) ended Wednesday, Jun 15, 2016 session in red amid volatile trading. The shares closed down -0.59 points or -2.15% at $26.81 with 3,84,969 shares getting traded. Post opening the session at $27.27, the shares hit an intraday low of $26.6 and an intraday high of $27.63 and the price vacillated in this range throughout the day. The company has a market cap of $2,083 M and the number of outstanding shares has been calculated to be 7,76,95,160 shares. The 52-week high of Dominion Midstream Partners LP is $41.82 and the 52-week low is $23.12.

Dominion Midstream Partners LP Money Flow Index Chart

Company has been under the radar of several Street Analysts.Dominion Midstream Partners LP is Reiterated by Barclays to Overweight and the brokerage firm has raised the Price Target to $ 35 from a previous price target of $33 .The Rating was issued on May 5, 2016.

Dominion Midstream Partners LP (Dominion Midstream) through its wholly owned subsidiary Cove Point GP Holding Company LLC owns the preferred equity interests and the general partner interest of Dominion Cove Point LNG LP (Cove Point) which owns liquefied natural gas (LNG) import storage regasification and transportation assets. Cove Point’s operations consist of LNG import and storage services at the Cove Point LNG Facility and the transportation of domestic natural gas and regasified LNG to Mid-Atlantic markets via the Cove Point Pipeline. The Cove Point LNG Facility includes an offshore pier LNG storage tanks regasification facilities and associated equipment. The Cove Point Pipeline is a 36-inch diameter bi-directional underground interstate natural gas pipeline. Cove Point is engaged in the process of constructing the Liquefaction Project.

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