Oliver Lagore Vanvalin Investment Group Sells 390 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

Oliver Lagore Vanvalin Investment Group lowered its holdings in Enterprise Products Partners L.P. (NYSE:EPD) by 16.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,953 shares of the oil and gas producer’s stock after selling 390 shares during the period. Oliver Lagore Vanvalin Investment Group’s holdings in Enterprise Products Partners were worth $51,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Fairfield Bush & CO. bought a new stake in Enterprise Products Partners during the 2nd quarter worth approximately $26,000. Pacific Center for Financial Services bought a new stake in Enterprise Products Partners during the 1st quarter worth approximately $27,000. Financial Freedom LLC bought a new stake in Enterprise Products Partners during the 4th quarter worth approximately $38,000. Rational Advisors LLC bought a new stake in Enterprise Products Partners during the 3rd quarter worth approximately $43,000. Finally, Financial Gravity Asset Management Inc. bought a new stake in Enterprise Products Partners during the 3rd quarter worth approximately $48,000. Institutional investors own 26.07% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on EPD shares. Barclays upped their target price on shares of Enterprise Products Partners from $30.00 to $31.00 and gave the stock an “overweight” rating in a report on Tuesday, March 26th. Mizuho reaffirmed a “buy” rating and set a $34.00 target price on shares of Enterprise Products Partners in a report on Thursday, April 4th. Truist Financial increased their price target 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. Wells Fargo & Company increased their price target 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. Finally, Royal Bank of Canada reissued an “outperform” rating and issued 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 issued a strong buy rating to the company. According to data from MarketBeat.com, Enterprise Products Partners has an average rating of “Buy” and an average target price of $32.58.

Enterprise Products Partners Price Performance

Shares of Enterprise Products Partners stock opened at $28.44 on Friday. Enterprise Products Partners L.P. has a 52-week low of $25.19 and a 52-week high of $29.99. The stock has a market capitalization of $61.65 billion, a price-to-earnings ratio of 11.28 and a beta of 1.02. The company has a fifty day moving average of $28.31 and a 200-day moving average of $27.25. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.68 and a current ratio of 0.93.

Enterprise Products Partners (NYSE:EPD) last announced its quarterly earnings data on Thursday, February 1st. The oil and gas producer reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $14.62 billion during the quarter, compared to analysts’ expectations of $12.43 billion. During the same quarter in the prior year, the company earned $0.65 EPS. The firm’s revenue was up 7.1% on a year-over-year basis. Equities research analysts expect that Enterprise Products Partners L.P. will post 2.63 EPS for the current year.

Enterprise Products Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 14th. Stockholders 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 dividend on an annualized basis and a dividend yield of 7.24%. Enterprise Products Partners’s dividend payout ratio (DPR) is 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.