Cushing Asset Management LP Has Increased Its Tesoro Logistics LP (TLLP) Stake; Clough Global Opportunities Fund (NYSEAMERICAN:GLO) Sellers Decreased By 50% Their Shorts

November 14, 2017 - By Adrian Mccoy

Cushing Asset Management Lp increased Tesoro Logistics Lp (TLLP) stake by 1.15% reported in 2017Q2 SEC filing. Cushing Asset Management Lp acquired 23,167 shares as Tesoro Logistics Lp (TLLP)’s stock declined 9.17%. The Cushing Asset Management Lp holds 2.03 million shares with $105.13M value, up from 2.01 million last quarter. Tesoro Logistics Lp now has $9.64B valuation. The stock declined 1.17% or $0.53 reaching $44.61 on the news. About 109,707 shares traded. Andeavor Logistics LP (NYSE:TLLP) has risen 12.60% since November 14, 2016 and is uptrending. It has underperformed by 4.10% the S&P500.

Clough Global Opportunities Fund (NYSEAMERICAN:GLO) had a decrease of 50% in short interest. GLO’s SI was 82,500 shares in November as released by FINRA. Its down 50% from 165,000 shares previously. With 173,000 avg volume, 1 days are for Clough Global Opportunities Fund (NYSEAMERICAN:GLO)’s short sellers to cover GLO’s short positions. About 215,015 shares traded or 23.90% up from the average. Clough Global Opportunities Fund (NYSEAMERICAN:GLO) has risen 13.34% since November 14, 2016 and is uptrending. It has underperformed by 3.36% the S&P500.

Cushing Asset Management Lp decreased Eqt Midstream Partners Lp (NYSE:EQM) stake by 18,009 shares to 902,252 valued at $67.34M in 2017Q2. It also reduced Ngl Energy Partners Lp (NYSE:NGL) stake by 5.00M shares and now owns 4.66 million shares. Williams Cos Inc Del (NYSE:WMB) was reduced too.

Among 13 analysts covering Tesoro Logistics LP (NYSE:TLLP), 10 have Buy rating, 0 Sell and 3 Hold. Therefore 77% are positive. Tesoro Logistics LP had 25 analyst reports since August 7, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Tuesday, August 23 by Jefferies. The stock has “Buy” rating by on Monday, October 10. As per Sunday, July 23, the company rating was maintained by RBC Capital Markets. Mizuho initiated the stock with “Buy” rating in Friday, September 30 report. The firm earned “Buy” rating on Friday, April 28 by Scotia Capital. Seaport Global Securities initiated it with “Accumulate” rating and $66 target in Thursday, October 22 report. The rating was maintained by JP Morgan on Tuesday, March 15 with “Overweight”. As per Friday, August 7, the company rating was maintained by Oppenheimer. The stock has “Buy” rating by Mizuho on Thursday, November 3. Mizuho downgraded it to “Neutral” rating and $59 target in Wednesday, February 8 report.

Investors sentiment decreased to 1.06 in Q2 2017. Its down 0.44, from 1.5 in 2017Q1. It fall, as 21 investors sold TLLP shares while 41 reduced holdings. 16 funds opened positions while 50 raised stakes. 67.86 million shares or 1.32% more from 66.97 million shares in 2017Q1 were reported. Moreover, Commonwealth Of Pennsylvania Public School Empls Retrmt System has 1.12% invested in Andeavor Logistics LP (NYSE:ANDX). Indexiq Advisors Ltd Liability Com owns 2,045 shares. Nelson Van Denburg And Campbell Wealth Mngmt Grp Inc Limited Liability Corporation holds 368 shares or 0.01% of its portfolio. Texas Yale Cap Corporation has invested 0.07% in Andeavor Logistics LP (NYSE:ANDX). Citigroup holds 327,729 shares. Glob X Mngmt Company Lc, a New York-based fund reported 459,212 shares. Eagle Glob Advsrs Ltd Liability Company reported 2.06 million shares. Highland Capital Mngmt Lp invested 0.14% in Andeavor Logistics LP (NYSE:ANDX). First Tru Ltd Partnership has invested 0.01% in Andeavor Logistics LP (NYSE:ANDX). Parkside Bancorporation And Trust holds 0.64% of its portfolio in Andeavor Logistics LP (NYSE:ANDX) for 30,180 shares. Samson Mgmt Limited Liability Company stated it has 142,097 shares or 7.25% of all its holdings. Sg Americas Limited Liability owns 53,281 shares. Alps Incorporated holds 5.38M shares. Advsrs Asset Mngmt has 0.06% invested in Andeavor Logistics LP (NYSE:ANDX). Bank & Trust Of America Corporation De holds 3.09M shares.

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