Martin Midstream Partners L.P. (MMLP) Forms $14.35 Double Bottom; Willis Investment Counsel Has Decreased Advance Auto Parts (AAP) Position By $802,395

Martin Midstream Partners L.P. (MMLP) formed double bottom with $13.92 target or 3.00% below today’s $14.35 share price. Martin Midstream Partners L.P. (MMLP) has $551.41 million valuation. The stock increased 2.87% or $0.4 during the last trading session, reaching $14.35. About 106,075 shares traded. Martin Midstream Partners L.P. (NASDAQ:MMLP) has declined 27.30% since April 12, 2017 and is downtrending. It has underperformed by 38.85% the S&P500.

Willis Investment Counsel decreased Advance Auto Parts Inc (AAP) stake by 19.66% reported in 2017Q4 SEC filing. Willis Investment Counsel sold 8,105 shares as Advance Auto Parts Inc (AAP)’s stock rose 14.38%. The Willis Investment Counsel holds 33,115 shares with $3.30 million value, down from 41,220 last quarter. Advance Auto Parts Inc now has $8.21 billion valuation. The stock decreased 1.08% or $1.21 during the last trading session, reaching $110.93. About 577,570 shares traded. Advance Auto Parts, Inc. (NYSE:AAP) has declined 22.19% since April 12, 2017 and is downtrending. It has underperformed by 33.74% the S&P500.

Among 28 analysts covering Advance Auto Parts Inc. (NYSE:AAP), 12 have Buy rating, 3 Sell and 13 Hold. Therefore 43% are positive. Advance Auto Parts Inc. had 97 analyst reports since August 5, 2015 according to SRatingsIntel. RBC Capital Markets maintained the stock with “Outperform” rating in Tuesday, May 2 report. The rating was maintained by Robert W. Baird with “Neutral” on Thursday, February 22. Susquehanna initiated the shares of AAP in report on Friday, August 26 with “Neutral” rating. The firm has “Outperform” rating given on Wednesday, March 15 by Wedbush. Credit Suisse maintained Advance Auto Parts, Inc. (NYSE:AAP) rating on Friday, February 23. Credit Suisse has “Outperform” rating and $122 target. On Tuesday, September 5 the stock rating was maintained by Bank of America with “Underperform”. As per Wednesday, August 5, the company rating was maintained by UBS. The rating was maintained by BTIG Research on Wednesday, October 19 with “Sell”. BB&T Capital downgraded the stock to “Hold” rating in Tuesday, December 15 report. Credit Suisse maintained the stock with “Buy” rating in Monday, July 17 report.

Investors sentiment increased to 1.13 in Q4 2017. Its up 0.13, from 1 in 2017Q3. It increased, as 56 investors sold AAP shares while 110 reduced holdings. 55 funds opened positions while 133 raised stakes. 73.12 million shares or 2.40% less from 74.92 million shares in 2017Q3 were reported. State Of Alaska Department Of Revenue holds 0.03% or 13,120 shares. Comerica National Bank & Trust reported 18,240 shares. Mutual Of America Lc invested 0.01% in Advance Auto Parts, Inc. (NYSE:AAP). Invesco Ltd accumulated 2.94 million shares. Shine Investment Advisory Ser, a Colorado-based fund reported 372 shares. Teachers Retirement Sys Of The State Of Kentucky accumulated 0.01% or 8,400 shares. Robeco Institutional Asset Bv holds 0% or 2,456 shares in its portfolio. Blume Cap Mgmt Incorporated reported 25,835 shares. Lord Abbett And Company Ltd Liability Company owns 220,900 shares or 0.06% of their US portfolio. Earnest Prns Ltd invested 0% of its portfolio in Advance Auto Parts, Inc. (NYSE:AAP). Aviance Partners Ltd Liability Co reported 7,895 shares stake. Atlantic Tru Grp Ltd Limited Liability Company holds 48 shares or 0% of its portfolio. Adage Grp Lc reported 1.46M shares. Willis Inv Counsel reported 33,115 shares. Victory Mgmt owns 11,853 shares for 0% of their portfolio.

Willis Investment Counsel increased Murphy Oil Corp (NYSE:MUR) stake by 30,680 shares to 251,500 valued at $7.81 million in 2017Q4. It also upped Conrad Industries (CNRD) stake by 43,519 shares and now owns 103,253 shares. Kraft Heinz Company was raised too.

Since February 23, 2018, it had 1 insider purchase, and 2 sales for $757,901 activity. Another trade for 1,745 shares valued at $202,560 was made by Brouillard John C. on Friday, February 23. Shares for $1.00M were bought by Greco Thomas on Wednesday, March 21. Another trade for 342 shares valued at $39,792 was made by Finley Tammy M on Friday, March 2.

Analysts await Advance Auto Parts, Inc. (NYSE:AAP) to report earnings on May, 23. They expect $1.98 earnings per share, up 23.75% or $0.38 from last year’s $1.6 per share. AAP’s profit will be $146.49 million for 14.01 P/E if the $1.98 EPS becomes a reality. After $0.77 actual earnings per share reported by Advance Auto Parts, Inc. for the previous quarter, Wall Street now forecasts 157.14% EPS growth.

Among 6 analysts covering Martin Midstream Partners LP (NASDAQ:MMLP), 2 have Buy rating, 0 Sell and 4 Hold. Therefore 33% are positive. Martin Midstream Partners LP has $34 highest and $15 lowest target. $17.67’s average target is 23.14% above currents $14.35 stock price. Martin Midstream Partners LP had 19 analyst reports since September 21, 2015 according to SRatingsIntel. Stifel Nicolaus maintained Martin Midstream Partners L.P. (NASDAQ:MMLP) on Thursday, September 14 with “Hold” rating. The firm has “Hold” rating given on Friday, October 27 by RBC Capital Markets. The firm has “Hold” rating by Stifel Nicolaus given on Thursday, October 26. As per Tuesday, December 6, the company rating was upgraded by Stifel Nicolaus. The firm earned “Outperform” rating on Friday, October 28 by FBR Capital. The stock of Martin Midstream Partners L.P. (NASDAQ:MMLP) earned “Buy” rating by B. Riley & Co on Tuesday, December 19. Robert W. Baird maintained it with “Hold” rating and $20.0 target in Tuesday, September 26 report. The firm earned “Neutral” rating on Friday, September 16 by Janney Capital. The company was maintained on Thursday, March 8 by Robert W. Baird. The firm has “Outperform” rating by FBR Capital given on Tuesday, October 27.

Since January 11, 2018, it had 7 buys, and 1 sale for $12,437 activity. On Thursday, January 11 BONDURANT ROBERT D bought $6,515 worth of Martin Midstream Partners L.P. (NASDAQ:MMLP) or 434 shares. Shoup Scot A had bought 89 shares worth $1,477 on Tuesday, February 20. MARTIN RUBEN S bought $16,362 worth of Martin Midstream Partners L.P. (NASDAQ:MMLP) on Thursday, January 11. $83 worth of Martin Midstream Partners L.P. (NASDAQ:MMLP) shares were bought by BOOTH CHRIS H. Another trade for 273 shares valued at $4,529 was bought by TAUSCHER RANDALL.

Analysts await Martin Midstream Partners L.P. (NASDAQ:MMLP) to report earnings on April, 25. They expect $0.41 EPS, up 13.89% or $0.05 from last year’s $0.36 per share. MMLP’s profit will be $15.75 million for 8.75 P/E if the $0.41 EPS becomes a reality. After $0.48 actual EPS reported by Martin Midstream Partners L.P. for the previous quarter, Wall Street now forecasts -14.58% negative EPS growth.

Martin Midstream Partners L.P. (NASDAQ:MMLP) Institutional Positions Chart