Northern Tier Energy (NYSE:NTI) Stock Upgrade
In an interesting research report released on Tuesday morning, JP Morgan announced that they have decided to upgrade shares of Northern Tier Energy (NYSE:NTI) stock from a “Underweight” to a “Neutral”.
From a total of 9 analysts covering Northern Tier Energy (NYSE:NTI) stock, 3 rate it a ”Buy”, 1 a “Sell”, and 5 a ”Hold”. This means that 33% of the ratings are positive. The highest target price is $34 while the lowest target price is $25. The mean of all analyst targets is $28.22 with a 6.43% above today’s ($24.12) stock price. Northern Tier Energy was the topic of 5 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. Citigroup downgraded shares on October 21 to “Neutral” rating. Macquarie Research initiated NTI stock in a recent report from July 24 with “Neutral” rating.
Approximately 401,686 shares of stock traded hands. Northern Tier Energy LP (NYSE:NTI) has declined 6.17% since May 12, 2015 and is downtrending. It has underperformed by 2.49% the S&P500.
The overall sentiment of institutions has increased to 1.12 in Q2 2015. Its up 0.14, from 0.98 in 2015Q2. The ratio is positive, as 11 institutions have sold all the shares of Northern Tier Energy LP that they owned while 39 funds have taken shares off the table. 18 funds have purchased shares for the first time while 38 added to their positions. These institutions now hold 21.23 million shares or 18.17% more than the 17.96 million shares they owned in 2015Q2.
The Fund Trust & Fiduciary Management Services Inc currently is holding shares equating to 2.32% of its total portfolio in Northern Tier Energy LP representing a total of 134,027 shares. Another fund,Grisanti Capital Management Llc, is holding a total of 231,745 shares equating to 2.1% of their holdings. Additionally, Kempen Capital Management N.V. has a 494,500 share stake in Northern Tier Energy LP which represents 1.37% of their total portfolio. The Fund, Texas Yale Capital Corp., based out of Florida, has also built up a stake in the stock, which represents a total of 1.07% of their total portfolio. Finally Credit Capital Investments Llc, a fund which is based in the state of New Jersey reported a total holdings of 64,258 shares.
Northern Tier Energy LP is a downstream energy limited partnership. The company has a market cap of $2.21 billion. The Firm has refining, retail and logistics activities that serve the Petroleum Administration for Defense District II (PADD II) region of the United States. It has 6.24 P/E ratio. The Company’s divisions include the refining business and the retail business.
According to Zacks Investment Research, “Northern Tier Energy LP is an independent downstream energy company with refining, retail and pipeline operations that serves the PADD II region of the United States. It operates its assets in two business segments: the refining business and the retail business. The Company’s Refining segment is involved in the refining and marketing of refined products, including gasoline, diesel, jet fuel, and asphalt Its retail business operates convenience stores under the SuperAmerica brand and supports franchised convenience stores under the SuperAmerica brand. It also owns and operates SuperMom’s Bakery, which prepares and distributes baked goods and other prepared food items. Northern Tier Energy LP is based in Ridgefield, Connecticut.”