Trust Asset Management Lowers stake in Vanguard Natural Resources LLC (VNR)

Vanguard Natural Resources LLC (VNR) : Trust Asset Management reduced its stake in Vanguard Natural Resources LLC by 0.87% during the most recent quarter end. The investment management company now holds a total of 10,278 shares of Vanguard Natural Resources LLC which is valued at $18,192 after selling 90 shares in Vanguard Natural Resources LLC , the firm said in a disclosure report filed with the SEC on Jul 19, 2016.Vanguard Natural Resources LLC makes up approximately 0.01% of Trust Asset Management’s portfolio.

Other Hedge Funds, Including , Simplex Trading added VNR to its portfolio by purchasing 300 company shares during the most recent quarter which is valued at $531.Creative Planning reduced its stake in VNR by selling 4,132 shares or 3.0% in the most recent quarter. The Hedge Fund company now holds 133,584 shares of VNR which is valued at $223,085. Raymond James Trust N.a. sold out all of its stake in VNR during the most recent quarter. The investment firm sold 20,487 shares of VNR which is valued $28,477. Bnp Paribas Arbitrage Sa sold out all of its stake in VNR during the most recent quarter. The investment firm sold 1,037 shares of VNR which is valued $1,441.

Vanguard Natural Resources LLC closed down -0.09 points or -4.84% at $1.77 with 15,37,232 shares getting traded on Wednesday. Post opening the session at $1.89, the shares hit an intraday low of $1.75 and an intraday high of $1.89 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Vanguard Natural Resources LLC reported $0.07 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on May 2, 2016. Analyst had a consensus of $-0.05. The company had revenue of $81.40 million for the quarter, compared to analysts expectations of $176.87 million. The company’s revenue was down -17.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.21 EPS.

Many Wall Street Analysts have commented on Vanguard Natural Resources LLC. Vanguard Natural Resources LLC was Upgraded by Stifel to ” Hold” on May 27, 2016.

Vanguard Natural Resources LLC (VNR) is a limited liability company focused on the acquisition and development of oil and natural gas properties in the United States. Through its operating subsidiaries the Company owns properties and oil and natural gas reserves primarily located in nine operating basins. Its operating basins include Green River Basin in Wyoming; the Piceance Basin in Colorado; the Permian Basin in West Texas and New Mexico; the Gulf Coast Basin in Texas Louisiana and Mississippi and the Big Horn Basin in Wyoming and Montana. Its operating basins also include the Arkoma Basin in Arkansas and Oklahoma; the Williston Basin in North Dakota and Montana; the Wind River Basin in Wyoming and the Powder River Basin in Wyoming. The Company’s subsidiaries include Vanguard Natural Gas LLC VNR Holdings LLC Vanguard Permian LLC Vanguard Operating LLC Encore Clear Fork Pipeline LLC LRR Energy L.P. and LRE GP LLC.

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