DALLAS, Sept. 25, 2018 /PRNewswire/ -- On
September 21, 2018, Swank Capital,
LLC, and Cushing® Asset
Management, LP, announced the upcoming rebalancing of The
Cushing® Energy Index
(the "Index") as part of normal index operations. Subsequently,
S&P Dow Jones Indices announced that Andeavor (NYSE: ANDV)
would be removed from the S&P 500 Index on October 1, 2018. As a result, after the markets
close on September 28, 2018, the constituents of the
Index will be rebalanced, and the following changes will become
effective on October 1, 2018.
Cushing® Energy
Index constituents, effective October 1,
2018:
Company
Name
|
Ticker
|
Index
Weight
|
Status
|
The Williams
Companies, Inc.
|
WMB
|
6.00%
|
Existing
|
ONEOK,
Inc.
|
OKE
|
6.00%
|
Existing
|
Kinder Morgan,
Inc.
|
KMI
|
5.83%
|
Existing
|
Helmerich &
Payne, Inc.
|
HP
|
5.48%
|
Existing
|
Occidental Petroleum
Corporation
|
OXY
|
5.04%
|
Existing
|
Exxon Mobil
Corporation
|
XOM
|
4.94%
|
Existing
|
Chevron
Corporation
|
CVX
|
4.77%
|
Existing
|
Schlumberger N.V.
(Schlumberger Limited)
|
SLB
|
4.23%
|
Existing
|
Phillips
66
|
PSX
|
3.68%
|
Existing
|
Valero Energy
Corporation
|
VLO
|
3.63%
|
Existing
|
Baker Hughes, A GE
Company
|
BHGE
|
2.86%
|
Existing
|
Marathon Petroleum
Corporation
|
MPC
|
2.80%
|
Existing
|
Apache
Corporation
|
APA
|
2.75%
|
Existing
|
HollyFrontier
Corporation
|
HFC
|
2.47%
|
Existing
|
Halliburton
Company
|
HAL
|
2.29%
|
Existing
|
TechnicFMC
plc
|
FTI
|
2.14%
|
Existing
|
Energy Transfer
Partners, L.P.
|
ETP
|
2.00%
|
Existing
|
AmeriGas Partners,
L.P.
|
APU
|
2.00%
|
NEW
|
EnLink Midstream
Partners, LP
|
ENLK
|
2.00%
|
Existing
|
Western Gas Partners,
L.P.
|
WES
|
2.00%
|
Existing
|
Andeavor Logistics
LP
|
ANDX
|
2.00%
|
Existing
|
Enable Midstream
Partners, LP
|
ENBL
|
2.00%
|
Existing
|
EQT Midstream
Partners, LP
|
EQM
|
2.00%
|
Existing
|
DCP Midstream,
LP
|
DCP
|
2.00%
|
Existing
|
Dominion Energy
Midstream Partners, LP
|
DM
|
2.00%
|
Existing
|
MPLX LP
|
MPLX
|
2.00%
|
Existing
|
Energy Transfer
Equity, L.P.
|
ETE
|
2.00%
|
Existing
|
Alliance Resource
Partners, L.P.
|
ARLP
|
2.00%
|
Existing
|
Anadarko Petroleum
Corporation
|
APC
|
1.98%
|
Existing
|
ConocoPhillips
|
COP
|
1.93%
|
Existing
|
Noble Energy,
Inc.
|
NBL
|
1.85%
|
Existing
|
Hess
Corporation
|
HES
|
1.81%
|
Existing
|
Cabot Oil & Gas
Corporation
|
COG
|
1.35%
|
Existing
|
Marathon Oil
Corporation
|
MRO
|
1.17%
|
Existing
|
Devon Energy
Corporation
|
DVN
|
1.00%
|
NEW
|
Constituents removed, effective October 1, 2018:
Company
Name
|
Ticker
|
Andeavor
|
ANDV
|
Crestwood Equity
Partners LP
|
CEQP
|
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 midstream energy infrastructure
companies 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 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 Swank Capital, LLC and Cushing® Asset Management, LP