Hallmark Capital Management Inc. increased its position in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 9.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,125 shares of the oil and gas producer’s stock after buying an additional 900 shares during the period. Hallmark Capital Management Inc.’s holdings in Enterprise Products Partners were worth $292,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Mcmillion Capital Management Inc. acquired a new position in Enterprise Products Partners in the second quarter valued at approximately $29,000. TRUE Private Wealth Advisors purchased a new stake in shares of Enterprise Products Partners in the second quarter valued at approximately $41,000. Knuff & Co LLC purchased a new stake in shares of Enterprise Products Partners in the first quarter valued at approximately $42,000. Tompkins Financial Corp increased its position in shares of Enterprise Products Partners by 163.8% in the first quarter. Tompkins Financial Corp now owns 1,530 shares of the oil and gas producer’s stock valued at $44,000 after buying an additional 950 shares in the last quarter. Finally, TCG Advisors LP purchased a new stake in shares of Enterprise Products Partners during the first quarter worth approximately $44,000. Hedge funds and other institutional investors own 37.23% of the company’s stock.
Shares of NYSE:EPD opened at $28.68 on Friday. Enterprise Products Partners L.P. has a 52 week low of $23.33 and a 52 week high of $30.86. The company has a market cap of $62.85 billion, a P/E ratio of 14.78, a P/E/G ratio of 3.29 and a beta of 0.87. The company has a quick ratio of 0.75, a current ratio of 1.00 and a debt-to-equity ratio of 1.06. The business has a fifty day simple moving average of $28.84 and a 200-day simple moving average of $28.89.
Enterprise Products Partners (NYSE:EPD) last issued its earnings results on Wednesday, July 31st. The oil and gas producer reported $0.55 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.03. The firm had revenue of $8.28 billion for the quarter, compared to analysts’ expectations of $8.57 billion. Enterprise Products Partners had a return on equity of 20.02% and a net margin of 14.26%. The firm’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.31 earnings per share. Sell-side analysts expect that Enterprise Products Partners L.P. will post 2.18 earnings per share for the current fiscal year.
Several analysts recently commented on the company. Stifel Nicolaus boosted their price target on Enterprise Products Partners from $34.00 to $35.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Piper Jaffray Companies began coverage on Enterprise Products Partners in a report on Wednesday, July 17th. They issued an “overweight” rating and a $37.00 target price for the company. ValuEngine cut Enterprise Products Partners from a “hold” rating to a “sell” rating in a report on Thursday, August 8th. Zacks Investment Research lowered Enterprise Products Partners from a “buy” rating to a “hold” rating and set a $30.00 price target on the stock. in a research note on Monday, August 26th. Finally, Scotia Howard Weill started coverage on Enterprise Products Partners in a research note on Wednesday, September 4th. They issued an “outperform” rating on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $33.71.
In other Enterprise Products Partners news, Director Murray E. Brasseux purchased 5,000 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The shares were acquired at an average price of $30.00 per share, for a total transaction of $150,000.00. Following the completion of the purchase, the director now owns 17,885 shares in the company, valued at approximately $536,550. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 37.50% of the company’s stock.
Enterprise Products Partners 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. The company operates through four segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.
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