Oxbow Advisors LLC Purchases 39,052 Shares of Enterprise Products Partners L.P. $EPD

Oxbow Advisors LLC boosted its position in Enterprise Products Partners L.P. (NYSE:EPDFree Report) by 3.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,329,085 shares of the oil and gas producer’s stock after acquiring an additional 39,052 shares during the period. Enterprise Products Partners accounts for about 3.7% of Oxbow Advisors LLC’s holdings, making the stock its 3rd biggest position. Oxbow Advisors LLC’s holdings in Enterprise Products Partners were worth $42,610,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of EPD. NewEdge Wealth LLC raised its holdings in Enterprise Products Partners by 9.3% during the fourth quarter. NewEdge Wealth LLC now owns 43,297 shares of the oil and gas producer’s stock worth $1,388,000 after buying an additional 3,689 shares during the last quarter. GRIMES & Co WEALTH MANAGEMENT LLC increased its position in shares of Enterprise Products Partners by 7.7% during the fourth quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 15,894 shares of the oil and gas producer’s stock worth $510,000 after acquiring an additional 1,137 shares in the last quarter. MGO One Seven LLC lifted its position in Enterprise Products Partners by 4.0% in the 4th quarter. MGO One Seven LLC now owns 74,095 shares of the oil and gas producer’s stock valued at $2,375,000 after acquiring an additional 2,872 shares in the last quarter. Oak Family Advisors LLC boosted its stake in Enterprise Products Partners by 2.7% during the 4th quarter. Oak Family Advisors LLC now owns 197,001 shares of the oil and gas producer’s stock valued at $6,316,000 after purchasing an additional 5,104 shares during the last quarter. Finally, Sequoia Financial Advisors LLC increased its holdings in Enterprise Products Partners by 65.1% during the 4th quarter. Sequoia Financial Advisors LLC now owns 44,523 shares of the oil and gas producer’s stock worth $1,427,000 after purchasing an additional 17,548 shares in the last quarter. 26.07% of the stock is owned by institutional investors and hedge funds.

More Enterprise Products Partners News

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Insider Activity at Enterprise Products Partners

In other news, CEO Aj Teague purchased 2,665 shares of the business’s stock in a transaction dated Friday, March 20th. The stock was bought at an average price of $37.55 per share, for a total transaction of $100,070.75. Following the purchase, the chief executive officer owned 77,576 shares of the company’s stock, valued at $2,912,978.80. The trade was a 3.56% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 32.60% of the stock is owned by corporate insiders.

Enterprise Products Partners Price Performance

Shares of NYSE:EPD opened at $37.17 on Friday. The company has a market capitalization of $80.36 billion, a P/E ratio of 13.77, a price-to-earnings-growth ratio of 1.40 and a beta of 0.52. The company’s 50-day moving average is $37.61 and its 200 day moving average is $34.43. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.74 and a current ratio of 1.04. Enterprise Products Partners L.P. has a fifty-two week low of $30.01 and a fifty-two week high of $39.74.

Enterprise Products Partners (NYSE:EPDGet Free Report) last released its earnings results on Monday, April 27th. The oil and gas producer reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.03). The company had revenue of $14.39 billion during the quarter, compared to analysts’ expectations of $13.62 billion. Enterprise Products Partners had a net margin of 11.45% and a return on equity of 19.56%. The firm’s revenue was down 6.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.64 earnings per share. On average, equities research analysts forecast that Enterprise Products Partners L.P. will post 2.92 earnings per share for the current year.

Enterprise Products Partners Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 14th. Shareholders of record on Thursday, April 30th will be paid a $0.55 dividend. The ex-dividend date is Thursday, April 30th. This represents a $2.20 annualized dividend and a dividend yield of 5.9%. Enterprise Products Partners’s payout ratio is presently 81.48%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on EPD. Stifel Nicolaus lifted their target price on Enterprise Products Partners from $41.00 to $42.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Morgan Stanley reaffirmed an “underweight” rating and set a $42.00 price objective on shares of Enterprise Products Partners in a report on Tuesday, April 14th. Citigroup reiterated a “buy” rating and issued a $44.00 target price (up from $39.00) on shares of Enterprise Products Partners in a research note on Friday, May 1st. Wells Fargo & Company upgraded shares of Enterprise Products Partners from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $40.00 to $42.00 in a report on Wednesday, March 25th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Enterprise Products Partners in a report on Thursday, January 22nd. Nine research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $38.93.

Check Out Our Latest Research Report on EPD

About Enterprise Products Partners

(Free Report)

Enterprise Products Partners L.P. (NYSE: EPD) is a Houston-based master limited partnership that provides midstream energy services across North America. The company owns and operates an extensive network of pipelines, storage facilities, processing plants and export terminals that transport and handle natural gas, natural gas liquids (NGLs), crude oil and refined and petrochemical products. Its core activities include gathering and transportation, fractionation of NGLs, natural gas processing, crude oil and condensate pipelines, and marine and terminal services that enable domestic distribution and exports.

Enterprise serves a diverse set of customers including producers, refiners, petrochemical companies, marketers and end users.

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Institutional Ownership by Quarter for Enterprise Products Partners (NYSE:EPD)

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