DALLAS, June 8, 2018 /PRNewswire/ -- Swank Capital, LLC
and Cushing® Asset
Management, LP, announce today an upcoming interim rebalancing of
The Cushing® Energy
Index (the "Index"). Per the Index's methodology guide, the removal
of an Index constituent from a Sub-Index without a named direct
replacement necessitates the rebalancing of the Index. The
Cushing® 30 MLP Index
(the "Sub-Index") announced today that Index constituents Spectra
Energy Partners, LP (NYSE: SEP) and Tallgrass Energy GP, LP (NYSE:
TEGP) will be removed from the Sub-Index after the markets close on
June 15, 2018, and effective on
June 18, 2018. Replacements named for
the removed constituents are not direct replacements. After the
markets close on June 15, 2018, the
constituents of the Index will be rebalanced, and the changes in
the table below will become effective on June 18, 2018.
Cushing® Energy
Index constituents, effective June 18,
2018:
Company
Name
|
Ticker
|
Index
Weight
|
Status
|
The Williams
Companies, Inc.
|
WMB
|
6.00%
|
Existing
|
Kinder Morgan,
Inc.
|
KMI
|
6.00%
|
Existing
|
ONEOK,
Inc.
|
OKE
|
6.00%
|
Existing
|
Helmerich &
Payne, Inc.
|
HP
|
5.78%
|
Existing
|
Exxon Mobil
Corporation
|
XOM
|
5.22%
|
Existing
|
Chevron
Corporation
|
CVX
|
4.74%
|
Existing
|
Occidental Petroleum
Corporation
|
OXY
|
4.65%
|
Existing
|
Schlumberger N.V.
(Schlumberger Limited)
|
SLB
|
3.79%
|
Existing
|
Phillips
66
|
PSX
|
3.58%
|
Existing
|
Valero Energy
Corporation
|
VLO
|
3.45%
|
Existing
|
Apache
Corporation
|
APA
|
3.30%
|
Existing
|
Marathon Petroleum
Corporation
|
MPC
|
3.05%
|
Existing
|
Baker Hughes, A GE
Company
|
BHGE
|
2.72%
|
Existing
|
ConocoPhillips
|
COP
|
2.19%
|
Existing
|
Andeavor
|
ANDV
|
2.14%
|
Existing
|
TechnicFMC
plc
|
FTI
|
2.13%
|
Existing
|
Hess
Corporation
|
HES
|
2.12%
|
Existing
|
Dominion Energy
Midstream Partners, LP
|
DM
|
2.00%
|
NEW
|
Alliance Resource
Partners, L.P.
|
ARLP
|
2.00%
|
Existing
|
Andeavor Logistics
LP
|
ANDX
|
2.00%
|
Existing
|
Tallgrass Energy
Partners, LP
|
TEP
|
2.00%
|
Existing
|
EnLink Midstream
Partners, LP
|
ENLK
|
2.00%
|
Existing
|
DCP Midstream,
LP
|
DCP
|
2.00%
|
Existing
|
Enable Midstream
Partners, LP
|
ENBL
|
2.00%
|
NEW
|
EQT Midstream
Partners, LP
|
EQM
|
2.00%
|
NEW
|
Western Gas Partners,
L.P.
|
WES
|
2.00%
|
Existing
|
Crestwood Equity
Partners LP
|
CEQP
|
2.00%
|
NEW
|
Energy Transfer
Equity, L.P.
|
ETE
|
2.00%
|
Existing
|
Energy Transfer
Partners, L.P.
|
ETP
|
2.00%
|
NEW
|
Halliburton
Company
|
HAL
|
1.95%
|
Existing
|
Anadarko Petroleum
Corporation
|
APC
|
1.88%
|
Existing
|
Noble Energy,
Inc.
|
NBL
|
1.67%
|
Existing
|
Cabot Oil & Gas
Corporation
|
COG
|
1.37%
|
Existing
|
Marathon Oil
Corporation
|
MRO
|
1.26%
|
Existing
|
Devon Energy
Corporation
|
DVN
|
1.01%
|
Existing
|
Constituents removed, effective June
18, 2018:
Company
Name
|
Ticker
|
MPLX LP
|
MPLX
|
Spectra Energy
Partners, LP
|
SEP
|
Sunoco LP
|
SUN
|
Tallgrass Energy GP,
LP
|
TEGP
|
Williams Partners
L.P.
|
WPZ
|
ABOUT THE CUSHING®
ENERGY INDEX
The Cushing® Energy
Index tracks the performance of widely held companies engaged in
exploration and production, refining and marketing, and storage and
transportation of oil, natural gas, coal and consumable fuels, as
well as oil and natural gas equipment and services companies.
Constituents of the Index are weighted based on current yield. The
Index price level is calculated by S&P Dow Jones Indices and
reported on a real-time basis under the Bloomberg ticker
"CENI".
ABOUT SWANK CAPITAL AND CUSHING® ASSET MANAGEMENT
Cushing® Asset
Management, LP ("Cushing"), a
subsidiary of Swank Capital, LLC, is an SEC-registered investment
adviser headquartered in Dallas,
Texas. Cushing serves as
investment adviser to affiliated funds and managed accounts which
invest primarily in securities of MLPs and other natural resource
companies.
Cushing is also dedicated to
serving the needs of investors by sponsoring a variety of
benchmarks, including The Cushing® 30 MLP Index (Bloomberg
Ticker: MLPX), The Cushing® 30 MLP Market Cap Index
(Bloomberg Ticker: CMCI), The Cushing® MLP High Income Index
(Bloomberg Ticker: MLPY), The Cushing® Energy Supply Chain
Index (Bloomberg Ticker: CSCI), The Cushing® Transportation Index
(Bloomberg Ticker: CTRI) and The Cushing® Utility Index
(Bloomberg Ticker: CUTI). For more information, please visit
http://www.cushingasset.com/indices.
Contact:
Judson Redmond
214-692-6334
www.cushingasset.com
The Cushing® Energy
Index (the "Index") is the exclusive property of Swank Capital,
LLC, and Cushing Asset Management, LP, which have contracted with
S&P Opco, LLC (a subsidiary of S&P Dow Jones Indices LLC)
("S&P Dow Jones Indices") to calculate and maintain the Index.
S&P® is a registered trademark of Standard & Poor's
Financial Services LLC ("SPFS"); Dow Jones® is a registered
trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"); and,
these trademarks have been licensed to S&P Dow Jones Indices.
"Calculated by S&P Dow Jones Indices" and its related stylized
mark(s) have been licensed for use by Swank Capital, LLC, and
Cushing Asset Management, LP. Neither S&P Dow Jones Indices,
SPFS, Dow Jones nor any of their affiliates sponsor and promote the
Index and none shall be liable for any errors or omissions in
calculating the Index.
CUSH-CENI
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SOURCE Cushing Asset Management, LP; Swank Capital, LLC