Oppenheimer Asset Management Inc. grew its holdings in Enterprise Products Partners L.P. (NYSE:EPD) by 16.1% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 80,978 shares of the oil and gas producer’s stock after acquiring an additional 11,228 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Enterprise Products Partners L.P. were worth $2,193,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Boston Partners increased its holdings in shares of Enterprise Products Partners L.P. by 82.6% in the 2nd quarter. Boston Partners now owns 1,206,722 shares of the oil and gas producer’s stock valued at $32,678,000 after acquiring an additional 545,856 shares during the last quarter. Cullen Frost Bankers Inc. increased its holdings in shares of Enterprise Products Partners L.P. by 1.8% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 92,837 shares of the oil and gas producer’s stock valued at $2,514,000 after acquiring an additional 1,616 shares during the last quarter. Marshall Wace North America L.P. purchased a new position in shares of Enterprise Products Partners L.P. in the 2nd quarter valued at about $12,501,000. Tortoise Capital Advisors L.L.C. increased its holdings in shares of Enterprise Products Partners L.P. by 3.9% in the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 41,667,941 shares of the oil and gas producer’s stock valued at $1,128,368,000 after acquiring an additional 1,573,553 shares during the last quarter. Finally, Pinnacle Financial Partners Inc. purchased a new position in shares of Enterprise Products Partners L.P. in the 2nd quarter valued at about $1,159,000. Institutional investors and hedge funds own 37.85% of the company’s stock.

Enterprise Products Partners L.P. (NYSE EPD) opened at 26.11 on Friday. The firm has a 50 day moving average price of $26.05 and a 200 day moving average price of $26.94. The stock has a market capitalization of $56.08 billion, a P/E ratio of 20.54 and a beta of 0.90. Enterprise Products Partners L.P. has a 52 week low of $24.01 and a 52 week high of $30.25.

Enterprise Products Partners L.P. (NYSE:EPD) last announced its quarterly earnings data on Thursday, August 3rd. The oil and gas producer reported $0.30 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.03). Enterprise Products Partners L.P. had a net margin of 10.28% and a return on equity of 12.04%. The firm had revenue of $6.61 billion for the quarter, compared to analyst estimates of $6.44 billion. During the same quarter in the previous year, the company earned $0.27 EPS. The company’s quarterly revenue was up 17.6% compared to the same quarter last year. Equities research analysts predict that Enterprise Products Partners L.P. will post $1.35 earnings per share for the current year.

EPD has been the topic of a number of recent analyst reports. Morgan Stanley upgraded Enterprise Products Partners L.P. from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $26.37 to $26.50 in a report on Thursday, June 15th. Jefferies Group LLC dropped their price objective on Enterprise Products Partners L.P. from $33.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, September 1st. BMO Capital Markets set a $33.00 price objective on Enterprise Products Partners L.P. and gave the company a “buy” rating in a report on Monday, June 5th. Scotiabank set a $33.00 price objective on Enterprise Products Partners L.P. and gave the company a “buy” rating in a report on Friday, July 21st. Finally, BidaskClub upgraded Enterprise Products Partners L.P. from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 27th. One equities research analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $31.49.

TRADEMARK VIOLATION NOTICE: This article was posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this article on another domain, it was stolen and reposted in violation of US & international trademark and copyright laws. The correct version of this article can be viewed at https://www.thecerbatgem.com/2017/09/16/enterprise-products-partners-l-p-epd-stake-lifted-by-oppenheimer-asset-management-inc.html.

Enterprise Products Partners L.P. Profile

Enterprise Products Partners L.P. (Enterprise) is a provider of midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals and refined products in North America. The Company’s segments include NGL Pipelines & Services; Crude Oil Pipelines & Services; Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.

Institutional Ownership by Quarter for Enterprise Products Partners L.P. (NYSE:EPD)

Receive News & Stock Ratings for Enterprise Products Partners L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enterprise Products Partners L.P. and related stocks with our FREE daily email newsletter.