29 May, 2017
JPMorgan Chase & Co. now owns 2,205,542 shares of the shipping company's stock worth $38,707,000 after buying an additional 857,458 shares during the last quarter.
These are the fifth and sixth Chinese sale and leaseback transactions on which WFW has advised Teekay LNG this year, following on the US$685m sale and leasebacks with ICBC Leasing for four of Teekay LNG's other MEGI LNG carrier newbuildings under construction at DSME delivering in 2017 and 2018. 1,652,230 shares of the company's stock were exchanged.
Teekay Offshore Partners L.P. had a negative net margin of 0.88% and a positive return on equity of 18.41%. It has underperformed by 12.42% the S&P500. The stock Fell -39.93 percent over the past six months. Renaissance Technologies Ltd Llc holds 29,708 shares.
The WFW London Maritime team advising Teekay on all these transactions was led by Partner and Firm Chairman Nigel Thomas, assisted by Senior Associate Patrick Smith and Associate Natalia Golovataya.
A price target is the projected price level of a financial security stated by an investment analyst. Harvest Fund Advsr Ltd Com has 2.32M shares. It has underperformed by 31.85% the S&P500. Therefore 77% are positive. Monsanto Company had 42 analyst reports since August 25, 2015 according to SRatingsIntel. RBC Capital Markets has "Outperform" rating and $114 target.
Among 13 analysts covering Albemarle Corporation (NYSE:ALB), 10 have Buy rating, 0 Sell and 3 Hold. ValuEngine downgraded shares of Teekay LNG Partners L.P. from a "buy" rating to a "hold" rating in a research note on Saturday.
The company's consensus rating on Reuter's scale remained unchanged from 2.33 to 2.33 during a month. Williams Capital Group upgraded Gastar Exploration Inc (NYSEMKT:GST) rating on Thursday, October 20. The firm has "Overweight" rating given on Tuesday, December 1 by Atlantic Securities. Wells Fargo initiated the stock with "Market Perform" rating in Friday, August 14 report. Finally, TheStreet raised shares of Teekay LNG Partners L.P. from a "c" rating to a "b-" rating in a research report on Thursday, May 18th. The company has market cap of $11.75 million.
Investors sentiment increased to 1.45 in Q4 2016. Its down 0.92, from 2.19 in 2016Q3. Cambrian Capital Partnership reported 27,450 shares. Janney Montgomery Scott Limited Liability Company has 126,882 shares. Cubist Systematic Strategies Ltd Liability reported 19,416 shares. Cambridge Investment Rech Incorporated reported 11,058 shares or 0% of all its holdings. Nuveen Asset Limited Liability Company has 4.39 million shares for 0.11% of their portfolio.
Large investors have recently modified their holdings of the stock. Evercore Wealth Mgmt Ltd Liability holds 0% of its portfolio in Antero Resources Corp (NYSE:AR) for 1,613 shares. 4,142 are held by Benjamin F Edwards And Co Inc. 155,498 were reported by Nordea Inv Management. Morgan Stanley increased its position in shares of Teekay by 65.9% in the third quarter. Japan-based Fukoku Mutual Life Insurance has invested 0.04% in Monsanto Company (NYSE:MON). Rothschild Il has 61,620 shares.
Since December 6, 2016, it had 0 buys, and 8 selling transactions for $3.22 million activity. GRANT HUGH sold $17.33M worth of stock.
Currently Teekay Shipping Corp (NYSE:TK)'s shares owned by insiders are 41.7%, whereas shares owned by institutional owners are 45.3%. FMR LLC now owns 13,278,697 shares of the shipping company's stock valued at $67,190,000 after buying an additional 1,808,014 shares during the period.
Teekay Offshore Partners L.P.
According to Zacks, "TEEKAY OFFSHORE PARTNERS L.P.is a publicly-traded master limited partnership formed by Teekay and is an global provider of marine transportation and storage services to the offshore oil industry". As per Thursday, August 18, the company rating was upgraded by RBC Capital Markets.
Investors and Traders continue to monitor technical levels of shares of Teekay Offshore Partners L.P. The company presently has an average rating of Hold and an average target price of $7.19. The firm has "Buy" rating by UBS given on Monday, June 20. The rating was maintained by RBC Capital Markets on Thursday, December 17 with "Sector Perform".
12/18/2015 - Teekay LNG Partners L.P. had its "overweight" rating reiterated by analysts at JP Morgan.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.
