Advisory Research Inc buys $122,325,746 stake in EnLink Midstream Partners LP (ENLK)

EnLink Midstream Partners LP (ENLK) : Advisory Research Inc scooped up 820 additional shares in EnLink Midstream Partners LP during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 7,294,320 shares of EnLink Midstream Partners LP which is valued at $122,325,746.EnLink Midstream Partners LP makes up approximately 2.03% of Advisory Research Inc’s portfolio.

Other Hedge Funds, Including , Cushing Asset Management Lp boosted its stake in ENLK in the latest quarter, The investment management firm added 229,776 additional shares and now holds a total of 4,950,433 shares of EnLink Midstream Partners LP which is valued at $83,018,761. EnLink Midstream Partners LP makes up approx 2.76% of Cushing Asset Management Lp’s portfolio.Finemark National Bank Trust reduced its stake in ENLK by selling 1,170 shares or 46.8% in the most recent quarter. The Hedge Fund company now holds 1,330 shares of ENLK which is valued at $22,304. Hite Hedge Asset Management added ENLK to its portfolio by purchasing 127,163 company shares during the most recent quarter which is valued at $2,147,783. EnLink Midstream Partners LP makes up approx 0.70% of Hite Hedge Asset Management’s portfolio.Evergreen Capital Management reduced its stake in ENLK by selling 700 shares or 0.15% in the most recent quarter. The Hedge Fund company now holds 462,885 shares of ENLK which is valued at $8,498,569. EnLink Midstream Partners LP makes up approx 1.83% of Evergreen Capital Management’s portfolio.

EnLink Midstream Partners LP opened for trading at $17.19 and hit $17.6 on the upside on Monday, eventually ending the session at $17.57, with a gain of 2.99% or 0.51 points. The heightened volatility saw the trading volume jump to 9,56,350 shares. Company has a market cap of $5,972 M.

On the company’s financial health, EnLink Midstream Partners LP reported $-0.03 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Nov 1, 2016. Analyst had a consensus of $-0.01. The company had revenue of $1104.60 million for the quarter, compared to analysts expectations of $1081.10 million. The company’s revenue was down -5.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-2.32 EPS.

Many Wall Street Analysts have commented on EnLink Midstream Partners LP. EnLink Midstream Partners LP was Downgraded by Credit Suisse to ” Neutral” on Sep 13, 2016. FBR Capital Initiated EnLink Midstream Partners LP on Sep 9, 2016 to “Outperform”, Price Target of the shares are set at $19.EnLink Midstream Partners LP was Downgraded by Morgan Stanley to ” Equal-Weight” on Sep 2, 2016.

EnLink Midstream Partners LP formerly Crosstex Energy L.P. focuses on providing midstream energy services including gathering transmission processing fractionation and marketing to producers of natural gas natural gas liquids (NGL) crude oil and condensate. The Company also provides crude oil condensate and brine disposal services to producers. The Company owns and operates around 360 miles of gas gathering pipelines approximately 300 Million Cubic Feet per Day (MMcf/d) of processing capacity as well as crude trucking and logistics services extending through seven counties in the core of the Midland Basin. EnLink Midstream operates approximately 9100 miles of gathering and transportation pipelines 16 processing plants seven fractionators as well as barge and rail terminals product storage facilities brine disposal wells truck terminals and a fleet of approximately 100 trucks.

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