Enterprise Products Partners L.P. (NYSE:EPD) Shares Acquired by JB Capital LLC

by · The Cerbat Gem

JB Capital LLC boosted its position in shares of Enterprise Products Partners L.P. (NYSE:EPD – Free Report) by 11.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 121,510 shares of the oil and gas producer’s stock after purchasing an additional 12,154 shares during the period. JB Capital LLC’s holdings in Enterprise Products Partners were worth $3,537,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in EPD. O Shaughnessy Asset Management LLC increased its stake in shares of Enterprise Products Partners by 19.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 23,469 shares of the oil and gas producer’s stock valued at $685,000 after purchasing an additional 3,770 shares during the period. Sanders Morris Harris LLC raised its stake in Enterprise Products Partners by 28.1% during the 3rd quarter. Sanders Morris Harris LLC now owns 705,804 shares of the oil and gas producer’s stock valued at $20,546,000 after acquiring an additional 154,822 shares in the last quarter. Catalyst Capital Advisors LLC grew its stake in shares of Enterprise Products Partners by 5.8% in the third quarter. Catalyst Capital Advisors LLC now owns 477,341 shares of the oil and gas producer’s stock worth $13,895,000 after purchasing an additional 26,136 shares in the last quarter. Pathway Financial Advisers LLC raised its stake in shares of Enterprise Products Partners by 2,862.8% during the third quarter. Pathway Financial Advisers LLC now owns 7,756,006 shares of the oil and gas producer’s stock valued at $225,777,000 after purchasing an additional 7,494,224 shares in the last quarter. Finally, Nwam LLC increased its stake in Enterprise Products Partners by 25.1% during the 1st quarter. Nwam LLC now owns 20,822 shares of the oil and gas producer’s stock valued at $591,000 after buying an additional 4,184 shares during the period. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on EPD. StockNews.com lowered shares of Enterprise Products Partners from a “strong-buy” rating to a “buy” rating in a research note on Monday, August 12th. Royal Bank of Canada reiterated an “outperform” rating and set a $36.00 price target on shares of Enterprise Products Partners in a research report on Wednesday, October 30th. Truist Financial raised their target price on Enterprise Products Partners from $35.00 to $37.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Bank of America started coverage on Enterprise Products Partners in a report on Thursday, October 17th. They set a “buy” rating and a $35.00 target price on the stock. Finally, US Capital Advisors raised shares of Enterprise Products Partners from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, October 28th. One analyst has rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $34.00.

View Our Latest Stock Analysis on EPD

Enterprise Products Partners Trading Up 0.5 %

Shares of NYSE:EPD traded up $0.16 during mid-day trading on Thursday, hitting $30.13. The stock had a trading volume of 611,629 shares, compared to its average volume of 4,289,632. Enterprise Products Partners L.P. has a 12-month low of $25.88 and a 12-month high of $30.14. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.68 and a current ratio of 0.91. The company has a market cap of $65.39 billion, a PE ratio of 11.23, a P/E/G ratio of 1.33 and a beta of 1.04. The company’s 50 day moving average is $29.24 and its 200-day moving average is $28.97.

Enterprise Products Partners (NYSE:EPD – Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The oil and gas producer reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Enterprise Products Partners had a net margin of 10.32% and a return on equity of 20.39%. The business had revenue of $13.78 billion for the quarter, compared to analysts’ expectations of $13.87 billion. During the same quarter in the prior year, the firm posted $0.60 EPS. The business’s quarterly revenue was up 14.8% compared to the same quarter last year. On average, sell-side analysts predict that Enterprise Products Partners L.P. will post 2.69 EPS for the current year.

Enterprise Products Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Thursday, October 31st will be given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 6.97%. The ex-dividend date is Thursday, October 31st. Enterprise Products Partners’s payout ratio is presently 78.65%.

Enterprise Products Partners Profile

(Free Report)

Enterprise Products Partners L.P. provides midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals, and refined products. It operates in four segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.

See Also

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