The number of institutional holders in Plains All American Pipeline fell to 445 by the end of the quarter, compared with 470 in 2Q17.
The number of institutional holders in Magellan Midstream Partners (MMP) had fallen to 669 by the end of 3Q17, compared with 673 in 2Q17.
The number of institutional holders in Energy Transfer Equity (ETE) decreased to 406 by the end of 3Q17, compared with 407 in the previous quarter.
The number of institutional holders in ETP rose to 562 by the end of the quarter, compared with 542 in 2Q17.
The number of holders in Williams Partners, the midstream MLP subsidiary of Williams Companies, fell to 340 in 3Q17, compared with 349 in 2Q17.
MLPs were weak for most of 3Q17. The Alerain MLP ETF (AMLP), which consists of 25 energy MLPs, lost 6.2% in 3Q17, despite strong gains in crude prices.
The US Dollar Index started this week on a mixed note and lost strength as the week progressed. It opened Wednesday on a weaker note.
Andeavor Logistics (ANDX), the midstream MLP subsidiary of Andeavor (ANDV), saw two price target cuts last week, one from Barclays and one from Mizuho.
Plains All American Pipeline (PAA) is currently trading 3.9% below its 50-day SMA (simple moving average) and 21.9% below its 200-day SMA. That could indicate a bearish sentiment in the stock.
CSI Compressco (CCLP), a midstream MLP involved mainly in natural gas compression, was the biggest MLP gainer last week, which ended November 10, 2017.
EV Energy Partners (EVEP), an upstream MLP, was the biggest MLP loser last week, which ended on November 10, 2017. EVEP fell 25.5%.
Of the total 95 MLPs, 62 ended last week in the red, 30 ended in the green, and the remaining three ended flat. Energy Transfer Partners (ETP) fell 5.5%.
Cheniere Energy (LNG) has a “buy” rating from 80.0% of analysts surveyed by Reuters while the remaining 20.0% rate it a “hold” as of November 10.
Cheniere Energy’s (LNG) 30-day implied volatility was 28.6% as of November 10, which is higher than the 15-day average of 26.8%.
Cheniere Energy (LNG) is currently trading 7.2% above its 50-day SMA (simple moving average) and 6.4% above its 200-day SMA.
Cheniere Energy (LNG) has been on an upward trend since the start of November, having risen 5.4%. At the same time, Alerian MLP ETF (AMLP) has fallen 3.6%.
The University of Michigan Preliminary Consumer Sentiment for November was reported at 97.8, which was 2.9 lower than the final October reading of 100.7.
The non-farm payroll data for October rose by 261,000, which was below the consensus expectation of over 300,000 job additions.
The latest report was released on November 3 and indicated that the goods and services deficit was $43.5 billion in September, or $0.7 billion higher than in August.
The US FOMC left rates unchanged after the November 2017 meeting, as expected, setting the stage for a potential rate hike in December.