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 Supply
Chain 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 Supply Chain Index
constituents, effective October 1, 2018:
|
Company
Name
|
Ticker
|
Index
Weight
|
Status
|
LyondellBasell
Industries N.V.
|
LYB
|
3.66%
|
Existing
|
The Williams
Companies, Inc.
|
WMB
|
3.51%
|
Existing
|
International Paper
Company
|
IP
|
3.47%
|
Existing
|
ONEOK,
Inc.
|
OKE
|
3.46%
|
Existing
|
Kinder Morgan,
Inc.
|
KMI
|
3.19%
|
Existing
|
Helmerich &
Payne, Inc.
|
HP
|
2.99%
|
Existing
|
WestRock
Company
|
WRK
|
2.96%
|
Existing
|
Occidental Petroleum
Corporation
|
OXY
|
2.75%
|
Existing
|
Exxon Mobil
Corporation
|
XOM
|
2.70%
|
Existing
|
Chevron
Corporation
|
CVX
|
2.60%
|
Existing
|
Packaging Corporation
of America
|
PKG
|
2.60%
|
Existing
|
Air Products and
Chemicals, Inc.
|
APD
|
2.47%
|
Existing
|
Schlumberger N.V.
(Schlumberger Limited)
|
SLB
|
2.31%
|
Existing
|
Nucor
Corporation
|
NUE
|
2.28%
|
Existing
|
CF Industries
Holdings, Inc.
|
CF
|
2.17%
|
Existing
|
Eastman Chemical
Company
|
EMN
|
2.16%
|
Existing
|
DowDuPont
Inc.
|
DWDP
|
2.13%
|
Existing
|
Phillips
66
|
PSX
|
2.01%
|
Existing
|
International Flavors
& Fragrances Inc.
|
IFF
|
2.01%
|
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
|
Valero Energy
Corporation
|
VLO
|
1.98%
|
Existing
|
Praxair,
Inc.
|
PX
|
1.92%
|
Existing
|
Avery Dennison
Corporation
|
AVY
|
1.79%
|
Existing
|
Newmont Mining
Corporation
|
NEM
|
1.72%
|
Existing
|
PPG Industries,
Inc.
|
PPG
|
1.63%
|
Existing
|
Baker Hughes, A GE
Company
|
BHGE
|
1.56%
|
Existing
|
Marathon Petroleum
Corporation
|
MPC
|
1.53%
|
Existing
|
Apache
Corporation
|
APA
|
1.50%
|
Existing
|
Sealed Air
Corporation
|
SEE
|
1.47%
|
Existing
|
HollyFrontier
Corporation
|
HFC
|
1.35%
|
Existing
|
Freeport-McMoRan
Inc.
|
FCX
|
1.34%
|
Existing
|
Halliburton
Company
|
HAL
|
1.25%
|
Existing
|
Albemarle
Corporation
|
ALB
|
1.22%
|
Existing
|
TechnicFMC
plc
|
FTI
|
1.17%
|
Existing
|
Anadarko Petroleum
Corporation
|
APC
|
1.08%
|
NEW
|
ConocoPhillips
|
COP
|
1.06%
|
Existing
|
Ecolab
Inc.
|
ECL
|
1.00%
|
Existing
|
Constituents
removed, effective October 1, 2018:
|
Company
Name
|
Ticker
|
Andeavor
|
ANDV
|
Ball
Corporation
|
BLL
|
Crestwood Equity
Partners LP
|
CEQP
|
Hess
Corporation
|
HES
|
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 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 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
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SOURCE Swank Capital, LLC and Cushing® Asset Management, LP