Enterprise Products Partners L.P. (NYSE:EPD) Shares Sold by Oxbow Advisors LLC

Oxbow Advisors LLC reduced its position in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 0.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,349,296 shares of the oil and gas producer’s stock after selling 11,975 shares during the period. Enterprise Products Partners comprises about 5.0% of Oxbow Advisors LLC’s investment portfolio, making the stock its 3rd largest holding. Oxbow Advisors LLC’s holdings in Enterprise Products Partners were worth $42,314,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of EPD. Sequoia Financial Advisors LLC boosted its position in shares of Enterprise Products Partners by 84.6% during the third quarter. Sequoia Financial Advisors LLC now owns 44,690 shares of the oil and gas producer’s stock worth $1,301,000 after buying an additional 20,475 shares during the period. Eastern Bank acquired a new position in shares of Enterprise Products Partners during the third quarter worth about $63,000. Private Advisor Group LLC boosted its position in shares of Enterprise Products Partners by 3.8% during the third quarter. Private Advisor Group LLC now owns 377,263 shares of the oil and gas producer’s stock worth $10,982,000 after buying an additional 13,890 shares during the period. International Assets Investment Management LLC raised its holdings in Enterprise Products Partners by 2,854.1% during the third quarter. International Assets Investment Management LLC now owns 1,287,318 shares of the oil and gas producer’s stock worth $37,474,000 after acquiring an additional 1,243,741 shares in the last quarter. Finally, Grimes & Company Inc. raised its holdings in Enterprise Products Partners by 17.2% during the third quarter. Grimes & Company Inc. now owns 13,100 shares of the oil and gas producer’s stock worth $381,000 after acquiring an additional 1,922 shares in the last quarter. 26.07% of the stock is owned by institutional investors and hedge funds.

Enterprise Products Partners Price Performance

NYSE:EPD opened at $33.41 on Friday. The company has a quick ratio of 0.83, a current ratio of 1.07 and a debt-to-equity ratio of 1.05. The stock’s 50 day moving average price is $32.63 and its two-hundred day moving average price is $30.93. The firm has a market capitalization of $72.41 billion, a price-to-earnings ratio of 12.42, a P/E/G ratio of 1.38 and a beta of 1.09. Enterprise Products Partners L.P. has a 12-month low of $27.26 and a 12-month high of $34.63.

Enterprise Products Partners (NYSE:EPD) last released its quarterly earnings data on Tuesday, February 4th. The oil and gas producer reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.05. The firm had revenue of $14.20 billion for the quarter, compared to analyst estimates of $14.07 billion. Enterprise Products Partners had a return on equity of 20.48% and a net margin of 10.49%. The business’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.72 earnings per share. On average, analysts anticipate that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current year.

Enterprise Products Partners Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were given a $0.535 dividend. This is an increase from Enterprise Products Partners’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Friday, January 31st. This represents a $2.14 annualized dividend and a dividend yield of 6.41%. Enterprise Products Partners’s dividend payout ratio is presently 79.55%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on EPD shares. US Capital Advisors upgraded Enterprise Products Partners from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, October 28th. Citigroup upped their target price on Enterprise Products Partners from $36.00 to $37.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Wells Fargo & Company lowered Enterprise Products Partners from an “overweight” rating to an “equal weight” rating and set a $35.00 target price on the stock. in a report on Wednesday, December 18th. Royal Bank of Canada reiterated an “outperform” rating and set a $36.00 target price on shares of Enterprise Products Partners in a report on Wednesday, October 30th. Finally, Scotiabank started coverage on Enterprise Products Partners in a report on Friday, January 10th. They set a “sector perform” rating and a $33.00 target price on the stock. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Enterprise Products Partners currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.70.

Enterprise Products Partners Company Profile

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.