Oliver Lagore Vanvalin Investment Group Reduces Stock Position in Enterprise Products Partners L.P. (NYSE:EPD)

Oliver Lagore Vanvalin Investment Group lessened its stake in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 16.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,953 shares of the oil and gas producer’s stock after selling 390 shares during the quarter. Oliver Lagore Vanvalin Investment Group’s holdings in Enterprise Products Partners were worth $51,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in EPD. Fairfield Bush & CO. purchased a new position in shares of Enterprise Products Partners in the first quarter worth approximately $31,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Enterprise Products Partners by 2.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,571,535 shares of the oil and gas producer’s stock worth $169,611,000 after buying an additional 169,059 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Enterprise Products Partners by 4.7% in the first quarter. BlackRock Inc. now owns 25,050,292 shares of the oil and gas producer’s stock worth $646,548,000 after buying an additional 1,114,690 shares during the last quarter. Cibc World Market Inc. boosted its holdings in shares of Enterprise Products Partners by 3.2% in the first quarter. Cibc World Market Inc. now owns 89,367 shares of the oil and gas producer’s stock worth $2,307,000 after buying an additional 2,804 shares during the last quarter. Finally, Sei Investments Co. boosted its holdings in shares of Enterprise Products Partners by 76.5% in the first quarter. Sei Investments Co. now owns 888,439 shares of the oil and gas producer’s stock worth $22,931,000 after buying an additional 385,008 shares during the last quarter. Hedge funds and other institutional investors own 26.07% of the company’s stock.

Analyst Upgrades and Downgrades

EPD has been the topic of a number of research reports. Wells Fargo & Company raised their price objective 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. Barclays lifted their price target on shares of Enterprise Products Partners from $30.00 to $31.00 and gave the company an “overweight” rating in a report on Tuesday, March 26th. Truist Financial lifted their price target on shares of Enterprise Products Partners from $31.00 to $33.00 and gave the company a “buy” rating in a report on Wednesday, February 21st. StockNews.com raised shares of Enterprise Products Partners from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 9th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $35.00 price target on shares of Enterprise Products Partners in a report on Friday, April 5th. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $32.58.

Enterprise Products Partners Trading Up 0.2 %

Enterprise Products Partners stock opened at $28.44 on Friday. The stock has a market cap of $61.65 billion, a P/E ratio of 11.28 and a beta of 1.02. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.93 and a quick ratio of 0.68. Enterprise Products Partners L.P. has a 1 year low of $25.19 and a 1 year high of $29.99. The firm’s 50 day moving average price is $28.31 and its 200-day moving average price is $27.25.

Enterprise Products Partners (NYSE:EPD) last released its quarterly earnings data on Thursday, February 1st. The oil and gas producer reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.04. The firm had revenue of $14.62 billion for the quarter, compared to analysts’ expectations of $12.43 billion. Enterprise Products Partners had a net margin of 11.12% and a return on equity of 19.65%. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.65 earnings per share. On average, equities analysts predict that Enterprise Products Partners L.P. will post 2.63 earnings per share for the current fiscal year.

Enterprise Products Partners Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 14th. Investors of record on Tuesday, April 30th will be given a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 7.24%. The ex-dividend date of this dividend is Monday, April 29th. Enterprise Products Partners’s dividend payout ratio is presently 81.75%.

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.