Stock Traders Purchase Large Volume of Enterprise Products Partners Call Options (NYSE:EPD)

Enterprise Products Partners L.P. (NYSE:EPD) was the target of unusually large options trading on Tuesday. Traders purchased 11,514 call options on the stock. This represents an increase of 95% compared to the typical daily volume of 5,896 call options.

Analysts Set New Price Targets

A number of research firms have recently weighed in on EPD. Melius Research began coverage on Enterprise Products Partners in a research note on Tuesday, September 22nd. They set a “hold” rating and a $42.00 price objective for the company. TD Cowen reaffirmed a “hold” rating and issued a $38.00 target price (down from $39.00) on shares of Enterprise Products Partners in a research note on Monday, August 3rd. Royal Bank Of Canada reissued an “outperform” rating and set a $42.00 price target on shares of Enterprise Products Partners in a research report on Tuesday, September 22nd. Truist Financial raised their price target on shares of Enterprise Products Partners from $40.00 to $41.00 and gave the stock a “hold” rating in a report on Friday. Finally, The Goldman Sachs Group restated a “neutral” rating on shares of Enterprise Products Partners in a research report on Monday. Seven analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $40.18.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Lynch Investment Planning LLC bought a new position in Enterprise Products Partners in the 3rd quarter worth about $36,000. N.E.W. Advisory Services LLC bought a new position in shares of Enterprise Products Partners in the second quarter worth approximately $37,000. Bravera Wealth grew its holdings in shares of Enterprise Products Partners by 666.7% during the second quarter. Bravera Wealth now owns 1,035 shares of the oil and gas producer’s stock valued at $38,000 after buying an additional 900 shares during the last quarter. Hughes Financial Services LLC increased its position in shares of Enterprise Products Partners by 43.7% during the third quarter. Hughes Financial Services LLC now owns 1,006 shares of the oil and gas producer’s stock valued at $39,000 after acquiring an additional 306 shares in the last quarter. Finally, Markowski Investments bought a new stake in shares of Enterprise Products Partners during the second quarter valued at approximately $46,000. Institutional investors own 26.07% of the company’s stock.

Enterprise Products Partners Stock Up 1.8%

Shares of Enterprise Products Partners stock traded up $0.69 during trading on Tuesday, hitting $38.05. The company’s stock had a trading volume of 1,838,626 shares, compared to its average volume of 3,890,134. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.66 and a current ratio of 0.93. The company has a fifty day simple moving average of $37.66 and a two-hundred day simple moving average of $37.28. The company has a market capitalization of $82.18 billion, a PE ratio of 12.59, a P/E/G ratio of 1.35 and a beta of 0.50. Enterprise Products Partners has a 52 week low of $30.02 and a 52 week high of $40.17.

Enterprise Products Partners (NYSE:EPD) last posted its quarterly earnings data on Thursday, October 29th. The oil and gas producer reported $0.75 EPS for the quarter, hitting the consensus estimate of $0.75. Enterprise Products Partners had a net margin of 10.79% and a return on equity of 20.67%. The business had revenue of $17.95 billion for the quarter, compared to analyst estimates of $14.98 billion. During the same quarter in the previous year, the firm posted $0.61 earnings per share. Enterprise Products Partners’s quarterly revenue was up 49.3% on a year-over-year basis. Equities research analysts predict that Enterprise Products Partners will post 3.11 earnings per share for the current year.

Enterprise Products Partners Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 30th will be paid a $0.56 dividend. The ex-dividend date is Friday, October 30th. This represents a $2.24 annualized dividend and a dividend yield of 5.9%. Enterprise Products Partners’s dividend payout ratio is presently 74.17%.

About Enterprise Products Partners

Enterprise Products Partners L.P. (NYSE: EPD) is a North American midstream energy partnership headquartered in Houston, Texas. The company provides infrastructure and services for the transportation, storage, processing and export of energy products, connecting producers with domestic and international markets.

Its operations include pipelines, storage facilities, natural gas processing plants, natural gas liquids (NGL) fractionation facilities, and marine terminals. Enterprise handles NGLs such as ethane, propane, butanes and natural gasoline, as well as crude oil, refined products, petrochemicals and natural gas.