Swank Capital and Cushing® Asset Management Announce Rebalancing - Erie News Now | WICU & WSEE in Erie, PA

Swank Capital and Cushing® Asset Management Announce Rebalancing of The Cushing® Energy Index

Information contained on this page is provided by an independent third-party content provider. Frankly and this Site make no warranties or representations in connection therewith. If you are affiliated with this page and would like it removed please contact pressreleases@franklyinc.com

SOURCE Cushing Asset Management, LP; Swank Capital, LLC

DALLAS, Sept. 22, 2017 /PRNewswire/ -- Swank Capital, LLC, and Cushing® Asset Management, LP, announce today the upcoming rebalancing of The Cushing® Energy Index (the "Index") as part of normal index operations. After the markets close on September 29, 2017, the constituents of the Index will be rebalanced, and the following changes will become effective on October 2, 2017:

Cushing® Energy Index constituents, effective October 2, 2017:

Company Name

Ticker

Index Weight

Status

Helmerich & Payne, Inc.

HP

6.00%

Existing

ONEOK, Inc.

OKE

6.00%

Existing

Occidental Petroleum Corporation

OXY

6.00%

Existing

The Williams Companies, Inc.

WMB

5.31%

Existing

Exxon Mobil Corporation

XOM

5.13%

Existing

Valero Energy Corporation

VLO

5.10%

Existing

Chevron Corporation

CVX

4.97%

Existing

Phillips 66

PSX

4.18%

Existing

Schlumberger N.V. (Schlumberger Limited)

SLB

3.98%

Existing

Marathon Petroleum Corporation

MPC

3.91%

Existing

Kinder Morgan, Inc.

KMI

3.42%

Existing

Apache Corporation

APA

3.11%

Existing

Hess Corporation

HES

3.08%

Existing

Andeavor

ANDV

3.04%

Existing

ConocoPhillips

COP

2.94%

Existing

Baker Hughes, A GE Company

BHGE

2.45%

Existing

Halliburton Company

HAL

2.22%

Existing

Marathon Oil Corporation

MRO

2.14%

Existing

Sunoco LP

SUN

2.00%

NEW

Alliance Resource Partners, L.P.

ARLP

2.00%

Existing

EnLink Midstream Partners, LP

ENLK

2.00%

Existing

DCP Midstream, LP

DCP

2.00%

Existing

Buckeye Partners, L.P.

BPL

2.00%

Existing

Andeavor Logistics LP

ANDX

2.00%

Existing

Tallgrass Energy Partners, LP

TEP

2.00%

Existing

Western Refining Logistics, LP

WNRL

2.00%

Existing

Western Gas Partners, L.P.

WES

2.00%

NEW

MPLX LP

MPLX

2.00%

Existing

Cone Midstream Partners LP

CNNX

2.00%

NEW

Noble Energy, Inc.

NBL

2.00%

Existing

Alliance Holdings GP, L.P.

AHGP

2.00%

Existing

Cabot Oil & Gas Corporation

COG

1.02%

Existing

 

Constituents removed, October 2, 2017:

Company Name

Ticker

Energy Transfer Equity, L.P.

ETE

Genesis Energy, L.P.

GEL

Spectra Energy Partners, LP

SEP

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 Cushing Asset Management, LP, which has 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

 

View original content:http://www.prnewswire.com/news-releases/swank-capital-and-cushing-asset-management-announce-rebalancing-of-the-cushing-energy-index-300524149.html

©2017 PR Newswire. All Rights Reserved.

Powered by Frankly
3514 State St. Erie, PA 16508
Newsroom: (814) 454-8812
Business offices: (814) 454-5201
WICU FCC Filing
WSEE FCC Filing
Share:
Share Stories
Submit your stories to our site!
Share Photos
Share your photos in our community galleries
RSS Feeds
All content © Copyright 2000 - 2017 WICU. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.
                   WICU/WSEE - 3514 State Street Erie, PA 16508 - (814) 454-5201 - info@wicu12.com