Swank Capital and Cushing® Asset Management Announce Rebalancing

Swank Capital and Cushing® Asset Management Announce Rebalancing of The Cushing® Energy Supply Chain 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, March 22, 2018 /PRNewswire/ -- Swank Capital, LLC, and Cushing® Asset Management, LP, announce today the upcoming rebalancing of The Cushing® Energy Supply Chain Index (the "Index") as part of normal index operations. After the markets close on March 29, 2018, the constituents of the Index will be rebalanced, and the following changes will become effective on April 2, 2018:

Cushing® Energy Supply Chain Index constituents, effective April 2, 2018:

Company Name

Ticker

Index Weight

Status

LyondellBasell Industries N.V.

LYB

3.58%

Existing

International Paper Company

IP

3.43%

Existing

ONEOK, Inc.

OKE

3.41%

Existing

The Williams Companies, Inc.

WMB

3.31%

Existing

Occidental Petroleum Corporation

OXY

3.07%

Existing

CF Industries Holdings, Inc.

CF

3.04%

Existing

Helmerich & Payne, Inc.

HP

2.73%

Existing

Exxon Mobil Corporation

XOM

2.66%

Existing

WestRock Company

WRK

2.56%

Existing

Air Products and Chemicals, Inc.

APD

2.55%

Existing

Chevron Corporation

CVX

2.50%

Existing

Nucor Corporation

NUE

2.28%

Existing

DowDuPont Inc.

DWDP

2.20%

Existing

Valero Energy Corporation

VLO

2.16%

Existing

Praxair, Inc.

PX

2.11%

Existing

Packaging Corporation of America

PKG

2.08%

Existing

Kinder Morgan, Inc.

KMI

2.04%

Existing

Eastman Chemical Company

EMN

2.03%

Existing

Alliance Holdings GP, L.P.

AHGP

2.00%

NEW

Alliance Resource Partners, L.P.

ARLP

2.00%

Existing

EnLink Midstream Partners, LP

ENLK

2.00%

Existing

Tallgrass Energy Partners, LP

TEP

2.00%

Existing

DCP Midstream, LP

DCP

2.00%

Existing

Andeavor Logistics LP

ANDX

2.00%

Existing

Spectra Energy Partners, LP

SEP

2.00%

Existing

Energy Transfer Equity, L.P.

ETE

2.00%

Existing

Western Gas Partners, L.P.

WES

2.00%

Existing

Tallgrass Energy GP, LP

TEGP

2.00%

NEW

MPLX LP

MPLX

2.00%

NEW

Sunoco LP

SUN

2.00%

NEW

Schlumberger N.V. (Schlumberger Limited)

SLB

1.95%

Existing

International Flavors & Fragrances Inc.

IFF

1.95%

Existing

Phillips 66

PSX

1.88%

Existing

Apache Corporation

APA

1.76%

Existing

Monsanto Company

MON

1.75%

Existing

Marathon Petroleum Corporation

MPC

1.64%

Existing

Avery Dennison Corporation

AVY

1.56%

Existing

Baker Hughes, A GE Company

BHGE

1.54%

Existing

PPG Industries, Inc.

PPG

1.52%

Existing

Andeavor

ANDV

1.50%

Existing

Newmont Mining Corporation

NEM

1.44%

NEW

Sealed Air Corporation

SEE

1.41%

Existing

Albemarle Corporation

ALB

1.35%

Existing

ConocoPhillips

COP

1.33%

Existing

Hess Corporation

HES

1.31%

Existing

Ecolab Inc.

ECL

1.16%

Existing

TechnicFMC plc

FTI

1.11%

Existing

Anadarko Petroleum Corporation

APC

1.09%

NEW

Halliburton Company

HAL

1.01%

Existing

Constituents removed, effective April 2, 2018:

Company Name

Ticker

Ball Corporation

BLL

Buckeye Partners, L.P.

BPL

CNX Midstream Partners LP

CNXM

Enterprise Products Partners, L.P.

EPD

Summit Midstream Partners, LP

SMLP

ABOUT THE CUSHING® ENERGY SUPPLY CHAIN INDEX

The Cushing® Energy Supply Chain Index tracks the performance of widely held companies engaged in exploration and production, refining and marketing, or storage and transportation of oil, natural gas, coal and consumable fuels; oil and natural gas equipment and services companies; and companies that extract and/or manufacture materials. 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 "CSCI".

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 Index (Bloomberg Ticker: CENI), 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 Supply Chain 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 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-CSCI

 

Cision View original content:http://www.prnewswire.com/news-releases/swank-capital-and-cushing-asset-management-announce-rebalancing-of-the-cushing-energy-supply-chain-index-300617887.html

©2017 PR Newswire. All Rights Reserved.

Powered by Frankly