Enterprise Products Partners L.P. $EPD Shares Sold by Burford Brothers Inc.

Burford Brothers Inc. cut its stake in Enterprise Products Partners L.P. (NYSE:EPD) by 68.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,462 shares of the oil and gas producer’s stock after selling 22,733 shares during the period. Burford Brothers Inc.’s holdings in Enterprise Products Partners were worth $335,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in EPD. PMV Capital Advisers LLC acquired a new stake in Enterprise Products Partners in the fourth quarter valued at $25,000. Palisade Asset Management LLC acquired a new stake in Enterprise Products Partners in the third quarter valued at $31,000. Abich Financial Wealth Management LLC acquired a new stake in Enterprise Products Partners in the third quarter valued at $32,000. Texas Capital Bancshares Inc TX acquired a new stake in Enterprise Products Partners in the third quarter valued at $32,000. Finally, Daytona Street Capital LLC acquired a new stake in Enterprise Products Partners in the fourth quarter valued at $42,000. 26.07% of the stock is owned by institutional investors and hedge funds.

Enterprise Products Partners Stock Up 0.0%

Shares of NYSE:EPD opened at $39.24 on Friday. The stock has a market capitalization of $84.82 billion, a price-to-earnings ratio of 14.53, a price-to-earnings-growth ratio of 1.47 and a beta of 0.52. Enterprise Products Partners L.P. has a 1-year low of $30.01 and a 1-year high of $39.74. The company’s fifty day moving average is $37.82 and its two-hundred day moving average is $34.72. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.74 and a current ratio of 0.91.

Enterprise Products Partners (NYSE:EPD) last issued 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 business had revenue of $14.39 billion for the quarter, compared to analyst estimates of $13.62 billion. Enterprise Products Partners had a return on equity of 19.53% and a net margin of 11.45%.The firm’s revenue for the quarter was down 6.7% on a year-over-year basis. During the same period last year, the company posted $0.64 earnings per share. Equities analysts anticipate that Enterprise Products Partners L.P. will post 2.92 EPS for the current year.

Enterprise Products Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Thursday, April 30th were issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date of this dividend was Thursday, April 30th. Enterprise Products Partners’s dividend payout ratio is 81.48%.

Insider Buying and Selling at Enterprise Products Partners

In other news, CEO Aj Teague acquired 2,665 shares of the company’s stock in a transaction that occurred on Friday, March 20th. The shares were acquired at an average price of $37.55 per share, with a total value of $100,070.75. Following the acquisition, the chief executive officer directly owned 77,576 shares in the company, valued at approximately $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 this hyperlink. 32.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on EPD shares. Barclays upped their price target on shares of Enterprise Products Partners from $38.00 to $39.00 and gave the company an “overweight” rating in a report on Thursday, March 5th. Jefferies Financial Group upped their price target on shares of Enterprise Products Partners from $34.00 to $40.00 and gave the company a “hold” rating in a report on Tuesday, March 31st. JPMorgan Chase & Co. increased their target price on shares of Enterprise Products Partners from $40.00 to $41.00 and gave the stock a “neutral” rating in a report on Tuesday, May 12th. Wells Fargo & Company raised shares of Enterprise Products Partners from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $40.00 to $42.00 in a report on Wednesday, March 25th. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $39.00 target price on shares of Enterprise Products Partners in a report on Thursday. Nine investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $39.60.

Enterprise Products Partners Company Profile

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.