HITE Hedge Asset Management LLC Buys Falcon Minerals Corp, Altus Midstream Co, Tortoise MLP Fund Inc, Sells Noble Midstream Partners LP, Viper Energy Partners LP, CVR Refining LP

Newton, MA, based Investment company HITE Hedge Asset Management LLC buys Falcon Minerals Corp, Altus Midstream Co, Tortoise MLP Fund Inc, Enbridge Energy Management LLC, Energy Transfer Operating LP, CNX Midstream Partners LP, Enable Midstream Partners LP, Kinder Morgan Inc, CVR Energy Inc, Cheniere Energy Inc, sells Noble Midstream Partners LP, Viper Energy Partners LP, CVR Refining LP, Andeavor Logistics LP, Rice Midstream Partners LP during the 3-months ended 2018-09-30, according to the most recent filings of the investment company, HITE Hedge Asset Management LLC. As of 2018-09-30, HITE Hedge Asset Management LLC owns 57 stocks with a total value of $601 million. These are the details of the buys and sells.

For the details of HITE Hedge Asset Management LLC's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=HITE+Hedge+Asset+Management+LLC

These are the top 5 holdings of HITE Hedge Asset Management LLC
  1. Energy Transfer Operating LP (ETP) - 2,394,442 shares, 8.86% of the total portfolio. Shares added by 40.24%
  2. Falcon Minerals Corp (FLMN) - 4,208,881 shares, 7.53% of the total portfolio. New Position
  3. Targa Resources Corp (TRGP) - 800,294 shares, 7.49% of the total portfolio. Shares added by 13.49%
  4. CNX Midstream Partners LP (CNXM) - 1,775,798 shares, 5.68% of the total portfolio. Shares added by 59.83%
  5. NGL Energy Partners LP (NGL) - 2,874,064 shares, 5.54% of the total portfolio.
New Purchase: Falcon Minerals Corp (FLMN)

HITE Hedge Asset Management LLC initiated holding in Falcon Minerals Corp. The purchase prices were between $11 and $11.58, with an estimated average price of $11.34. The stock is now traded at around $7.75. The impact to a portfolio due to this purchase was 7.53%. The holding were 4,208,881 shares as of 2018-09-30.

New Purchase: Altus Midstream Co (ALTM)

HITE Hedge Asset Management LLC initiated holding in Altus Midstream Co. The purchase prices were between $9.9 and $10.3, with an estimated average price of $10.1. The stock is now traded at around $7.63. The impact to a portfolio due to this purchase was 5.32%. The holding were 3,147,097 shares as of 2018-09-30.

New Purchase: Tortoise MLP Fund Inc (NTG)

HITE Hedge Asset Management LLC initiated holding in Tortoise MLP Fund Inc. The purchase prices were between $15.38 and $16.74, with an estimated average price of $16.18. The stock is now traded at around $11.73. The impact to a portfolio due to this purchase was 3.52%. The holding were 1,316,611 shares as of 2018-09-30.

New Purchase: Enable Midstream Partners LP (ENBL)

HITE Hedge Asset Management LLC initiated holding in Enable Midstream Partners LP. The purchase prices were between $15.45 and $19, with an estimated average price of $17.08. The stock is now traded at around $13.17. The impact to a portfolio due to this purchase was 1.87%. The holding were 669,411 shares as of 2018-09-30.

New Purchase: Kinder Morgan Inc (KMI)

HITE Hedge Asset Management LLC initiated holding in Kinder Morgan Inc. The purchase prices were between $17.43 and $18.3, with an estimated average price of $17.88. The stock is now traded at around $15.51. The impact to a portfolio due to this purchase was 1.7%. The holding were 576,488 shares as of 2018-09-30.

New Purchase: CVR Energy Inc (CVI)

HITE Hedge Asset Management LLC initiated holding in CVR Energy Inc. The purchase prices were between $33.48 and $40.85, with an estimated average price of $37.53. The stock is now traded at around $33.41. The impact to a portfolio due to this purchase was 1.67%. The holding were 250,192 shares as of 2018-09-30.

Added: Enbridge Energy Management LLC (EEQ)

HITE Hedge Asset Management LLC added to a holding in Enbridge Energy Management LLC by 131.91%. The purchase prices were between $9.49 and $11.29, with an estimated average price of $10.3. The stock is now traded at around $10.51. The impact to a portfolio due to this purchase was 2.58%. The holding were 2,582,915 shares as of 2018-09-30.

Added: Energy Transfer Operating LP (ETP)

HITE Hedge Asset Management LLC added to a holding in Energy Transfer Operating LP by 40.24%. The purchase prices were between $18.7 and $24.18, with an estimated average price of $21.71. The stock is now traded at around $21.47. The impact to a portfolio due to this purchase was 2.54%. The holding were 2,394,442 shares as of 2018-09-30.

Added: CNX Midstream Partners LP (CNXM)

HITE Hedge Asset Management LLC added to a holding in CNX Midstream Partners LP by 59.83%. The purchase prices were between $19.15 and $20.74, with an estimated average price of $19.78. The stock is now traded at around $16.37. The impact to a portfolio due to this purchase was 2.13%. The holding were 1,775,798 shares as of 2018-09-30.

Added: Cheniere Energy Inc (LNG)

HITE Hedge Asset Management LLC added to a holding in Cheniere Energy Inc by 124.10%. The purchase prices were between $60.28 and $69.5, with an estimated average price of $64.45. The stock is now traded at around $58.57. The impact to a portfolio due to this purchase was 1.67%. The holding were 260,409 shares as of 2018-09-30.

Added: Enterprise Products Partners LP (EPD)

HITE Hedge Asset Management LLC added to a holding in Enterprise Products Partners LP by 65.19%. The purchase prices were between $27.38 and $29.91, with an estimated average price of $28.89. The stock is now traded at around $24.24. The impact to a portfolio due to this purchase was 1.48%. The holding were 784,082 shares as of 2018-09-30.

Added: Kimbell Royalty Partners LP (KRP)

HITE Hedge Asset Management LLC added to a holding in Kimbell Royalty Partners LP by 914.84%. The purchase prices were between $19.6 and $23.92, with an estimated average price of $21.98. The stock is now traded at around $13.29. The impact to a portfolio due to this purchase was 0.78%. The holding were 263,644 shares as of 2018-09-30.

Sold Out: CVR Refining LP (CVRR)

HITE Hedge Asset Management LLC sold out a holding in CVR Refining LP. The sale prices were between $17.85 and $24.5, with an estimated average price of $21.2.

Sold Out: Rice Midstream Partners LP (RMP)

HITE Hedge Asset Management LLC sold out a holding in Rice Midstream Partners LP. The sale prices were between $16.85 and $18.4, with an estimated average price of $17.7.

Sold Out: Antero Resources Corp (AR)

HITE Hedge Asset Management LLC sold out a holding in Antero Resources Corp. The sale prices were between $17.11 and $22.44, with an estimated average price of $19.36.

Sold Out: Genesis Energy LP (GEL)

HITE Hedge Asset Management LLC sold out a holding in Genesis Energy LP. The sale prices were between $21.62 and $25.23, with an estimated average price of $23.55.

Sold Out: Williams Companies Inc (WMB)

HITE Hedge Asset Management LLC sold out a holding in Williams Companies Inc. The sale prices were between $26.7 and $31.79, with an estimated average price of $29.02.

Sold Out: CONSOL Energy Inc (CEIX)

HITE Hedge Asset Management LLC sold out a holding in CONSOL Energy Inc. The sale prices were between $38.3 and $47.02, with an estimated average price of $42.05.

Reduced: Noble Midstream Partners LP (NBLX)

HITE Hedge Asset Management LLC reduced to a holding in Noble Midstream Partners LP by 83.27%. The sale prices were between $34.2 and $54.27, with an estimated average price of $46.6. The stock is now traded at around $27.45. The impact to a portfolio due to this sale was -6.21%. HITE Hedge Asset Management LLC still held 153,573 shares as of 2018-09-30.

Reduced: Viper Energy Partners LP (VNOM)

HITE Hedge Asset Management LLC reduced to a holding in Viper Energy Partners LP by 67.93%. The sale prices were between $30.67 and $42.48, with an estimated average price of $36.73. The stock is now traded at around $24.77. The impact to a portfolio due to this sale was -5.81%. HITE Hedge Asset Management LLC still held 539,917 shares as of 2018-09-30.

Reduced: Andeavor Logistics LP (ANDX)

HITE Hedge Asset Management LLC reduced to a holding in Andeavor Logistics LP by 95.17%. The sale prices were between $42.03 and $50.58, with an estimated average price of $46.94. The stock is now traded at around $32.93. The impact to a portfolio due to this sale was -3.81%. HITE Hedge Asset Management LLC still held 28,535 shares as of 2018-09-30.

Reduced: Noble Energy Inc (NBL)

HITE Hedge Asset Management LLC reduced to a holding in Noble Energy Inc by 58.4%. The sale prices were between $28.73 and $37.23, with an estimated average price of $32.02. The stock is now traded at around $18.90. The impact to a portfolio due to this sale was -2.34%. HITE Hedge Asset Management LLC still held 296,297 shares as of 2018-09-30.

Reduced: Spectra Energy Partners LP (SEP)

HITE Hedge Asset Management LLC reduced to a holding in Spectra Energy Partners LP by 42.69%. The sale prices were between $34.6 and $39.37, with an estimated average price of $37.02. The stock is now traded at around $35.40. The impact to a portfolio due to this sale was -1.83%. HITE Hedge Asset Management LLC still held 434,285 shares as of 2018-09-30.

Reduced: Suburban Propane Partners LP (SPH)

HITE Hedge Asset Management LLC reduced to a holding in Suburban Propane Partners LP by 45.71%. The sale prices were between $22.55 and $24.44, with an estimated average price of $23.38. The stock is now traded at around $19.03. The impact to a portfolio due to this sale was -1.12%. HITE Hedge Asset Management LLC still held 355,563 shares as of 2018-09-30.



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