Fmr LLC lessened its stake in shares of Teekay Offshore Partners L.P. (NYSE:TOO) by 1.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 32,716,802 shares of the shipping company’s stock after selling 482,055 shares during the quarter. Fmr LLC owned about 7.98% of Teekay Offshore Partners worth $86,373,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Luminus Management LLC increased its stake in shares of Teekay Offshore Partners by 4.2% during the second quarter. Luminus Management LLC now owns 9,938,496 shares of the shipping company’s stock valued at $26,237,000 after acquiring an additional 400,000 shares during the period. Van ECK Associates Corp increased its stake in shares of Teekay Offshore Partners by 10.9% during the second quarter. Van ECK Associates Corp now owns 1,239,186 shares of the shipping company’s stock valued at $3,271,000 after acquiring an additional 121,556 shares during the period. Boston Partners increased its stake in shares of Teekay Offshore Partners by 29.8% during the second quarter. Boston Partners now owns 1,119,295 shares of the shipping company’s stock valued at $2,955,000 after acquiring an additional 256,927 shares during the period. Renaissance Technologies LLC increased its stake in shares of Teekay Offshore Partners by 16.3% during the second quarter. Renaissance Technologies LLC now owns 756,405 shares of the shipping company’s stock valued at $1,997,000 after acquiring an additional 106,005 shares during the period. Finally, GSA Capital Partners LLP increased its stake in shares of Teekay Offshore Partners by 159.7% during the second quarter. GSA Capital Partners LLP now owns 139,394 shares of the shipping company’s stock valued at $368,000 after acquiring an additional 85,711 shares during the period. Institutional investors and hedge funds own 75.90% of the company’s stock.

NYSE TOO opened at $1.94 on Friday. Teekay Offshore Partners L.P. has a 12 month low of $1.91 and a 12 month high of $3.12. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 2.57. The company has a market cap of $807.79 million, a P/E ratio of 194.00 and a beta of 2.38.

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 9th. Investors of record on Friday, November 2nd were paid a dividend of $0.01 per share. The ex-dividend date was Thursday, November 1st. This represents a $0.04 dividend on an annualized basis and a dividend yield of 2.06%. Teekay Offshore Partners’s dividend payout ratio is presently 400.00%.

A number of research analysts recently commented on TOO shares. ValuEngine upgraded shares of Teekay Offshore Partners from a “hold” rating to a “buy” rating in a research note on Wednesday, August 8th. Zacks Investment Research upgraded shares of Teekay Offshore Partners from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 26th.

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Teekay Offshore Partners Company Profile

Teekay Offshore Partners L.P. provides marine transportation, oil production, storage, long-distance towing and offshore installation, and maintenance and safety services for the oil industry. It operates in six segments: Floating Production, Storage and Offloading (FPSO); Shuttle Tanker; Floating Storage and Off-Take (FSO); Unit for Maintenance and Safety (UMS); Towage; and Conventional Tanker.

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Institutional Ownership by Quarter for Teekay Offshore Partners (NYSE:TOO)

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