Teekay Offshore Partners L.P. (TOO) Reaches $2.57 After 6.00% Up Move, Baker Avenue Asset Management LP Cut United Parcel Service Cl B (UPS) Position By $407,892

July 17, 2017 - By Vivian Park

The stock of Teekay Offshore Partners L.P. (NYSE:TOO) is a huge mover today! About 332,060 shares traded. Teekay Offshore Partners L.P. (NYSE:TOO) has declined 43.83% since July 17, 2016 and is downtrending. It has underperformed by 60.53% the S&P500.The move comes after 5 months positive chart setup for the $358.85M company. It was reported on Jul, 17 by Barchart.com. We have $2.72 PT which if reached, will make NYSE:TOO worth $21.53 million more.

Baker Avenue Asset Management Lp decreased United Parcel Service Inc Cl B (UPS) stake by 36.94% reported in 2016Q4 SEC filing. Baker Avenue Asset Management Lp sold 3,578 shares as United Parcel Service Inc Cl B (UPS)’s stock declined 3.26%. The Baker Avenue Asset Management Lp holds 6,107 shares with $700,000 value, down from 9,685 last quarter. United Parcel Service Inc Cl B now has $98.07 billion valuation. The stock declined 0.58% or $0.65 reaching $111.76 per share. About 1.19M shares traded. United Parcel Service, Inc. (NYSE:UPS) has risen 2.10% since July 17, 2016 and is uptrending. It has underperformed by 14.60% the S&P500.

Teekay Offshore Partners L.P. is a provider of marine transportation, oil production, storage, long-distance towing and offshore installation and maintenance and safety services to the offshore oil industry in North Sea, Brazil and the East Coast of Canada. The company has market cap of $358.85 million. The Firm operates shuttle tankers; towage vessels; floating, production, storage and off-loading units; floating storage and off-take (FSO) units; units for maintenance and safety (UMS); long-distance towing and offshore installation vessels, and conventional crude oil tankers. It currently has negative earnings. The Company’s divisions include shuttle tanker segment, FPSO segment, FSO segment, conventional tanker segment, towage segment and UMS segment.

Among 6 analysts covering Teekay Offshore (NYSE:TOO), 3 have Buy rating, 1 Sell and 2 Hold. Therefore 50% are positive. Teekay Offshore had 11 analyst reports since August 4, 2015 according to SRatingsIntel. The stock has “Outperform” rating by RBC Capital Markets on Thursday, August 18. The firm earned “Sector Perform” rating on Thursday, December 17 by RBC Capital Markets. The stock of Teekay Offshore Partners L.P. (NYSE:TOO) has “Underperform” rating given on Thursday, December 17 by Bank of America. The firm has “Accumulate” rating given on Tuesday, August 4 by Global Hunter Securities. The company was maintained on Monday, June 20 by UBS. The firm has “Neutral” rating by Seaport Global Securities given on Thursday, December 17. On Thursday, August 13 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The firm has “Neutral” rating by Citigroup given on Friday, August 7. The stock of Teekay Offshore Partners L.P. (NYSE:TOO) has “Equal-Weight” rating given on Tuesday, April 19 by Morgan Stanley.

Investors sentiment decreased to 1.27 in Q4 2016. Its down 0.92, from 2.19 in 2016Q3. It turned negative, as 12 investors sold Teekay Offshore Partners L.P. shares while 21 reduced holdings. 16 funds opened positions while 26 raised stakes. 85.64 million shares or 9.75% more from 78.03 million shares in 2016Q3 were reported. Morgan Stanley holds 0% or 551,775 shares. Moreover, Fmr Limited Liability Company has 0.01% invested in Teekay Offshore Partners L.P. (NYSE:TOO) for 13.28 million shares. Reilly Fincl Advsr Ltd, California-based fund reported 250 shares. Susquehanna Int Group Inc Ltd Liability Partnership holds 0% in Teekay Offshore Partners L.P. (NYSE:TOO) or 75,097 shares. 126,882 were accumulated by Janney Montgomery Scott Ltd Co. Cambridge Inv Rech Advsr reported 11,058 shares stake. Advisory Research has 1.39% invested in Teekay Offshore Partners L.P. (NYSE:TOO). Lucus holds 0.37% or 31,329 shares. Parkside Savings Bank And has 0.16% invested in Teekay Offshore Partners L.P. (NYSE:TOO). Walleye Trading Limited Liability Company holds 0% of its portfolio in Teekay Offshore Partners L.P. (NYSE:TOO) for 200 shares. Hightower Advsrs Limited Liability accumulated 10,802 shares. The New York-based Benchmark Advisors has invested 0.35% in Teekay Offshore Partners L.P. (NYSE:TOO). Jpmorgan Chase owns 1.26 million shares. Kanaly Tru owns 0% invested in Teekay Offshore Partners L.P. (NYSE:TOO) for 1,600 shares. Park Circle Co holds 50,000 shares or 0.17% of its portfolio.

Analysts await Teekay Offshore Partners L.P. (NYSE:TOO) to report earnings on August, 3. They expect $-0.05 earnings per share, down 122.73% or $0.27 from last year’s $0.22 per share. After $0.02 actual earnings per share reported by Teekay Offshore Partners L.P. for the previous quarter, Wall Street now forecasts -350.00% negative EPS growth.

Since February 24, 2017, it had 0 insider buys, and 2 sales for $686,820 activity. On Friday, February 24 the insider McClure Teri P sold $471,840. 2,000 shares valued at $214,980 were sold by Gutmann Kathleen M. on Monday, June 5.

Among 16 analysts covering United Parcel Service (NYSE:UPS), 5 have Buy rating, 1 Sell and 10 Hold. Therefore 31% are positive. United Parcel Service had 27 analyst reports since July 29, 2015 according to SRatingsIntel. BMO Capital Markets downgraded the stock to “Market Perform” rating in Wednesday, February 1 report. The rating was downgraded by Bank of America to “Neutral” on Wednesday, February 22. Loop Capital initiated United Parcel Service, Inc. (NYSE:UPS) on Tuesday, December 20 with “Hold” rating. Deutsche Bank initiated United Parcel Service, Inc. (NYSE:UPS) rating on Wednesday, November 2. Deutsche Bank has “Hold” rating and $117 target. S&P Research maintained the stock with “Buy” rating in Tuesday, September 22 report. The rating was maintained by BMO Capital Markets on Wednesday, July 5 with “Hold”. The firm earned “Equal Weight” rating on Wednesday, February 1 by Barclays Capital. The firm earned “Hold” rating on Thursday, June 1 by BMO Capital Markets. Argus Research maintained United Parcel Service, Inc. (NYSE:UPS) on Tuesday, August 2 with “Buy” rating. On Wednesday, February 8 the stock rating was upgraded by Aegis Capital to “Buy”.

Investors sentiment decreased to 1.04 in Q4 2016. Its down 0.01, from 1.05 in 2016Q3. It dived, as 49 investors sold UPS shares while 433 reduced holdings. 108 funds opened positions while 392 raised stakes. 457.21 million shares or 1.93% more from 448.58 million shares in 2016Q3 were reported. Dorsey & Whitney Trust Ltd Limited Liability Company holds 1.64% or 62,892 shares. Farr Miller Washington Ltd Liability Dc holds 14,696 shares or 0.18% of its portfolio. Kelly Lawrence W And Ca holds 0.07% of its portfolio in United Parcel Service, Inc. (NYSE:UPS) for 2,700 shares. Laffer Invs holds 0% or 8,925 shares in its portfolio. Tokio Marine Asset Management Limited holds 11,873 shares or 0.16% of its portfolio. Diamond Hill Mngmt holds 0.48% or 723,735 shares. The Massachusetts-based Grantham Mayo Van Otterloo And Co Ltd Liability Co has invested 0.11% in United Parcel Service, Inc. (NYSE:UPS). Plante Moran Advsr Limited Com reported 485 shares or 0.03% of all its holdings. Sii Invests Wi, Wisconsin-based fund reported 3,723 shares. Rothschild Asset Mgmt holds 6,050 shares. Bancorp Of Hawaii accumulated 7,610 shares. Redmond Asset Ltd Limited Liability Company owns 3,381 shares. Buckingham Asset Ltd Liability Co holds 0.25% or 6,857 shares in its portfolio. Assetmark holds 0.05% in United Parcel Service, Inc. (NYSE:UPS) or 27,781 shares. Weitz Mngmt holds 0.72% of its portfolio in United Parcel Service, Inc. (NYSE:UPS) for 157,510 shares.

Baker Avenue Asset Management Lp increased Vmware Inc Cl A Com (NYSE:VMW) stake by 13,440 shares to 84,330 valued at $6.64M in 2016Q4. It also upped Pfizer Inc Com (NYSE:PFE) stake by 30,977 shares and now owns 193,389 shares. Ishares Core U.S. Aggregate Bond Etf (AGG) was raised too.

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