Oak Family Advisors LLC Purchases 4,220 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

Oak Family Advisors LLC increased its position in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 2.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 178,535 shares of the oil and gas producer’s stock after acquiring an additional 4,220 shares during the quarter. Enterprise Products Partners comprises approximately 2.0% of Oak Family Advisors LLC’s investment portfolio, making the stock its 17th biggest holding. Oak Family Advisors LLC’s holdings in Enterprise Products Partners were worth $4,704,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Bison Wealth LLC boosted its stake in Enterprise Products Partners by 19.9% during the 4th quarter. Bison Wealth LLC now owns 23,011 shares of the oil and gas producer’s stock worth $606,000 after acquiring an additional 3,823 shares during the last quarter. Cullen Investment Group LTD. bought a new position in Enterprise Products Partners during the 4th quarter worth approximately $7,542,000. Waldron Private Wealth LLC boosted its stake in Enterprise Products Partners by 87.5% during the 4th quarter. Waldron Private Wealth LLC now owns 14,856 shares of the oil and gas producer’s stock worth $391,000 after acquiring an additional 6,931 shares during the last quarter. Bear Mountain Capital Inc. bought a new position in Enterprise Products Partners during the 4th quarter worth approximately $53,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its stake in Enterprise Products Partners by 9.7% during the 4th quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 10,408 shares of the oil and gas producer’s stock worth $274,000 after acquiring an additional 919 shares during the last quarter. Institutional investors own 26.07% of the company’s stock.

Enterprise Products Partners Stock Down 1.8 %

Shares of NYSE:EPD traded down $0.51 during midday trading on Monday, hitting $28.54. The stock had a trading volume of 4,755,048 shares, compared to its average volume of 4,912,738. Enterprise Products Partners L.P. has a 12 month low of $25.19 and a 12 month high of $29.99. The company has a quick ratio of 0.68, a current ratio of 0.93 and a debt-to-equity ratio of 0.95. The business’s 50-day simple moving average is $28.14 and its 200-day simple moving average is $27.22. The company has a market cap of $61.88 billion, a P/E ratio of 11.44 and a beta of 1.02.

Enterprise Products Partners (NYSE:EPD) last released its earnings results on Thursday, February 1st. The oil and gas producer reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.04. Enterprise Products Partners had a net margin of 11.12% and a return on equity of 19.65%. The business had revenue of $14.62 billion during the quarter, compared to analysts’ expectations of $12.43 billion. During the same period last year, the business earned $0.65 earnings per share. The firm’s revenue was up 7.1% on a year-over-year basis. On average, sell-side analysts forecast that Enterprise Products Partners L.P. will post 2.62 earnings per share for the current fiscal year.

Enterprise Products Partners Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 14th. Investors of record on Tuesday, April 30th will be paid a $0.515 dividend. The ex-dividend date of this dividend is Monday, April 29th. This represents a $2.06 annualized dividend and a dividend yield of 7.22%. Enterprise Products Partners’s dividend payout ratio is presently 81.75%.

Wall Street Analyst Weigh In

EPD has been the topic of several research analyst reports. Mizuho restated a “buy” rating and set a $34.00 target price on shares of Enterprise Products Partners in a report on Thursday, April 4th. Stifel Nicolaus raised their target price on shares of Enterprise Products Partners from $35.00 to $36.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Truist Financial raised their target price on shares of Enterprise Products Partners from $31.00 to $33.00 and gave the stock a “buy” rating in a report on Wednesday, February 21st. Royal Bank of Canada restated an “outperform” rating and set a $35.00 target price on shares of Enterprise Products Partners in a report on Friday, April 5th. Finally, Wells Fargo & Company raised their target price on shares of Enterprise Products Partners from $32.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $32.58.

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.