Clear Rock Advisors LLC grew its holdings in shares of Enterprise Merchandise Companions L.P. (NYSE:EPD – Free Report) by 8.9% through the second quarter, in accordance with the corporate in its most up-to-date Type 13F submitting with the Securities and Trade Fee. The fund owned 71,273 shares of the oil and gasoline producer’s inventory after shopping for an extra 5,830 shares through the interval. Clear Rock Advisors LLC’s holdings in Enterprise Merchandise Companions had been value $2,065,000 as of its most up-to-date submitting with the Securities and Trade Fee.
A number of different hedge funds and different institutional traders have additionally made adjustments to their positions in EPD. JRM Funding Counsel LLC raised its stake in Enterprise Merchandise Companions by 2.1% through the 4th quarter. JRM Funding Counsel LLC now owns 505,364 shares of the oil and gasoline producer’s inventory valued at $13,316,000 after buying an extra 10,404 shares within the final quarter. O Shaughnessy Asset Administration LLC elevated its holdings in shares of Enterprise Merchandise Companions by 19.1% through the first quarter. O Shaughnessy Asset Administration LLC now owns 23,469 shares of the oil and gasoline producer’s inventory valued at $685,000 after buying an extra 3,770 shares through the interval. Platform Know-how Companions raised its stake in shares of Enterprise Merchandise Companions by 14.4% through the fourth quarter. Platform Know-how Companions now owns 27,245 shares of the oil and gasoline producer’s inventory valued at $722,000 after buying an extra 3,426 shares within the final quarter. Nwam LLC lifted its holdings in Enterprise Merchandise Companions by 25.1% within the first quarter. Nwam LLC now owns 20,822 shares of the oil and gasoline producer’s inventory value $591,000 after buying an extra 4,184 shares through the interval. Lastly, Icon Wealth Advisors LLC purchased a brand new place in Enterprise Merchandise Companions within the 4th quarter valued at about $11,623,000. 26.07% of the inventory is presently owned by institutional traders and hedge funds.
Analyst Rankings Adjustments
EPD has been the subject of quite a few latest analyst stories. Truist Monetary boosted their value goal on shares of Enterprise Merchandise Companions from $35.00 to $37.00 and gave the inventory a “purchase” score in a analysis report on Wednesday, July thirty first. StockNews.com reduce Enterprise Merchandise Companions from a “strong-buy” score to a “purchase” score in a report on Monday, August twelfth. Lastly, Morgan Stanley decreased their value goal on Enterprise Merchandise Companions from $35.00 to $34.00 and set an “equal weight” score for the corporate in a analysis be aware on Monday, June tenth. Two funding analysts have rated the inventory with a maintain score, eleven have given a purchase score and one has assigned a robust purchase score to the inventory. In accordance with knowledge from MarketBeat, Enterprise Merchandise Companions presently has a mean score of “Average Purchase” and a consensus value goal of $33.08.
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Enterprise Merchandise Companions Inventory Efficiency
Enterprise Merchandise Companions inventory opened at $29.32 on Wednesday. Enterprise Merchandise Companions L.P. has a fifty-two week low of $25.61 and a fifty-two week excessive of $30.05. The agency’s 50 day easy shifting common is $29.14 and its 200-day easy shifting common is $28.94. The corporate has a debt-to-equity ratio of 0.98, a present ratio of 0.91 and a fast ratio of 0.68. The corporate has a market cap of $63.66 billion, a P/E ratio of 11.50, a price-to-earnings-growth ratio of 1.50 and a beta of 1.03.
Enterprise Merchandise Companions (NYSE:EPD – Get Free Report) final posted its quarterly earnings knowledge on Tuesday, July thirtieth. The oil and gasoline producer reported $0.64 earnings per share for the quarter, lacking the consensus estimate of $0.66 by ($0.02). The agency had income of $13.48 billion for the quarter, in comparison with analysts’ expectations of $14.23 billion. Enterprise Merchandise Companions had a return on fairness of 20.13% and a internet margin of 10.48%. The corporate’s income for the quarter was up 26.6% on a year-over-year foundation. Throughout the identical quarter within the earlier yr, the agency posted $0.57 earnings per share. As a gaggle, equities analysis analysts predict that Enterprise Merchandise Companions L.P. will submit 2.72 EPS for the present yr.
Enterprise Merchandise Companions Will increase Dividend
The agency additionally just lately declared a quarterly dividend, which was paid on Wednesday, August 14th. Traders of document on Wednesday, July thirty first got a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of seven.16%. It is a optimistic change from Enterprise Merchandise Companions’s earlier quarterly dividend of $0.52. The ex-dividend date was Wednesday, July thirty first. Enterprise Merchandise Companions’s payout ratio is presently 82.35%.
About Enterprise Merchandise Companions
Enterprise Merchandise Companions L.P. supplies midstream vitality providers to producers and customers of pure gasoline, pure gasoline liquids (NGLs), crude oil, petrochemicals, and refined merchandise. It operates in 4 segments: NGL Pipelines & Providers, Crude Oil Pipelines & Providers, Pure Fuel Pipelines & Providers, and Petrochemical & Refined Merchandise Providers.
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