Horseman Capital Management Ltd adds DCP Midstream Partners LP (DPM) to its portfolio

DCP Midstream Partners LP (DPM) : Horseman Capital Management Ltd added new position in DCP Midstream Partners LP during the most recent quarter end. The investment management firm now holds 255,088 shares of DCP Midstream Partners LP which is valued at $8,711,255 , the company said in a statement filed on Aug 11, 2016 with the SEC.DCP Midstream Partners LP makes up approximately 1.73% of Horseman Capital Management Ltd’s portfolio.

Other Hedge Funds, Including , Cbre Clarion Securities added DPM to its portfolio by purchasing 160,575 company shares during the most recent quarter which is valued at $5,483,636. DCP Midstream Partners LP makes up approx 0.04% of Cbre Clarion Securities’s portfolio. Blair William Coil added DPM to its portfolio by purchasing 15,880 company shares during the most recent quarter which is valued at $541,826. Janney Montgomery Scott sold out all of its stake in DPM during the most recent quarter. The investment firm sold 7,950 shares of DPM which is valued $268,392.Pbwm Holdings reduced its stake in DPM by selling 744 shares or 1.39% in the most recent quarter. The Hedge Fund company now holds 52,690 shares of DPM which is valued at $1,778,814. DCP Midstream Partners LP makes up approx 0.68% of Pbwm Holdings’s portfolio.Mai Capital Management boosted its stake in DPM in the latest quarter, The investment management firm added 24 additional shares and now holds a total of 11,673 shares of DCP Midstream Partners LP which is valued at $414,975. DCP Midstream Partners LP makes up approx 0.03% of Mai Capital Management’s portfolio.

DCP Midstream Partners LP opened for trading at $34.01 and hit $34.61 on the upside on Tuesday, eventually ending the session at $34.18, with a gain of 0.23% or 0.08 points. The heightened volatility saw the trading volume jump to 3,64,361 shares. Company has a market cap of $3,922 M.

On the company’s financial health, DCP Midstream Partners LP reported $0.12 EPS for the quarter, missing the analyst consensus estimate by $ -0.29 based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus of $0.41. The company had revenue of $348.00 million for the quarter, compared to analysts expectations of $415.86 million. The company’s revenue was down -19.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.62 EPS.

Many Wall Street Analysts have commented on DCP Midstream Partners LP. DCP Midstream Partners LP was Downgraded by Ladenburg Thalmann to ” Neutral” on Jul 21, 2016. DCP Midstream Partners LP was Downgraded by Jefferies to ” Hold” on Jun 8, 2016.

DCP Midstream Partners LP is a partnership formed by DCP Midstream LLC to own operate acquire and develop a diversified portfolio of complementary midstream energy assets. The Company is engaged in the business of compressing treating processing transporting storing and selling natural gas; producing fractionating transporting storing and selling natural gas liquids (NGLs) and recovering and selling condensate and transporting storing and selling propane in wholesale markets. It operates in three business segments: Natural Gas Services which consists of assets and ownership interests that provide market services for its producer customers; NGL Logistics which owns and operates assets for its NGL Logistics business in Colorado Kansas Louisiana Michigan Oklahoma and Texas and Wholesale Propane Logistics which owns or operates assets for its wholesale propane logistics business in Maine Massachusetts New York Pennsylvania Rhode Island Vermont and Virginia.

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