Martin Midstream Partners L.P. (NASDAQ:MMLP) has received an average recommendation of “Hold” from the six brokerages that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $22.00.

MMLP has been the topic of a number of research reports. Zacks Investment Research cut shares of Martin Midstream Partners L.P. from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. BidaskClub cut shares of Martin Midstream Partners L.P. from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. FBR & Co reaffirmed a “buy” rating and issued a $24.00 price target on shares of Martin Midstream Partners L.P. in a report on Monday, May 1st. Stifel Nicolaus cut shares of Martin Midstream Partners L.P. from a “buy” rating to a “hold” rating and set a $20.00 price target on the stock. in a report on Friday, April 28th. They noted that the move was a valuation call. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $22.00 price target on shares of Martin Midstream Partners L.P. in a report on Tuesday, May 23rd.

Shares of Martin Midstream Partners L.P. (MMLP) traded down 1.39% during mid-day trading on Tuesday, hitting $17.70. The stock had a trading volume of 105,397 shares. The stock has a market cap of $680.60 million, a PE ratio of 21.15 and a beta of 1.51. Martin Midstream Partners L.P. has a one year low of $15.58 and a one year high of $22.88.

Martin Midstream Partners L.P. (NASDAQ:MMLP) last posted its quarterly earnings results on Wednesday, July 26th. The pipeline company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.07. The company had revenue of $193.90 million for the quarter, compared to analysts’ expectations of $201.17 million. Martin Midstream Partners L.P. had a net margin of 3.67% and a return on equity of 9.62%. Martin Midstream Partners L.P.’s revenue was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.14) EPS. On average, equities analysts predict that Martin Midstream Partners L.P. will post $0.66 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 14th. Investors of record on Monday, August 7th will be paid a $0.50 dividend. The ex-dividend date is Thursday, August 3rd. This represents a $2.00 dividend on an annualized basis and a yield of 11.30%. Martin Midstream Partners L.P.’s dividend payout ratio is 235.29%.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC raised its position in Martin Midstream Partners L.P. by 134.3% in the fourth quarter. Renaissance Technologies LLC now owns 27,878 shares of the pipeline company’s stock worth $512,000 after buying an additional 15,978 shares in the last quarter. Bollard Group LLC raised its position in Martin Midstream Partners L.P. by 12.0% in the first quarter. Bollard Group LLC now owns 63,515 shares of the pipeline company’s stock worth $1,270,000 after buying an additional 6,789 shares in the last quarter. Adams Asset Advisors LLC raised its position in Martin Midstream Partners L.P. by 12.2% in the first quarter. Adams Asset Advisors LLC now owns 274,523 shares of the pipeline company’s stock worth $5,490,000 after buying an additional 29,931 shares in the last quarter. Sippican Capital Advisors raised its position in Martin Midstream Partners L.P. by 9.6% in the first quarter. Sippican Capital Advisors now owns 27,620 shares of the pipeline company’s stock worth $552,000 after buying an additional 2,410 shares in the last quarter. Finally, Albert D Mason Inc. raised its position in Martin Midstream Partners L.P. by 0.5% in the first quarter. Albert D Mason Inc. now owns 15,173 shares of the pipeline company’s stock worth $303,000 after buying an additional 70 shares in the last quarter. Institutional investors and hedge funds own 34.08% of the company’s stock.

About Martin Midstream Partners L.P.

Martin Midstream Partners L.P. is a limited partnership with a set of operations focused in the United States Gulf Coast region. The Company’s four business lines include terminalling and storage services for petroleum products and by-products, including the refining of naphthenic crude oil and the blending and packaging of finished lubricants; natural gas services, including liquids transportation and distribution services, and natural gas storage; sulfur and sulfur-based products processing, manufacturing, marketing and distribution, and marine transportation services for petroleum products and by-products.

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