Lehman & Derafelo Financial Resources LLC trimmed its stake in Enterprise Products Partners L.P. (NYSE:EPD) by 6.5% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 54,240 shares of the oil and gas producer’s stock after selling 3,800 shares during the quarter. Lehman & Derafelo Financial Resources LLC’s holdings in Enterprise Products Partners were worth $986,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Carroll Financial Associates Inc. lifted its stake in Enterprise Products Partners by 4.2% in the second quarter. Carroll Financial Associates Inc. now owns 26,461 shares of the oil and gas producer’s stock valued at $480,000 after buying an additional 1,073 shares during the last quarter. Patten & Patten Inc. TN increased its holdings in shares of Enterprise Products Partners by 14.5% during the first quarter. Patten & Patten Inc. TN now owns 13,448 shares of the oil and gas producer’s stock valued at $192,000 after purchasing an additional 1,708 shares during the period. AGF Investments LLC increased its holdings in shares of Enterprise Products Partners by 12.8% during the first quarter. AGF Investments LLC now owns 14,602 shares of the oil and gas producer’s stock valued at $209,000 after purchasing an additional 1,658 shares during the period. Smithbridge Asset Management Inc. DE increased its holdings in shares of Enterprise Products Partners by 21.3% during the first quarter. Smithbridge Asset Management Inc. DE now owns 97,394 shares of the oil and gas producer’s stock valued at $1,393,000 after purchasing an additional 17,075 shares during the period. Finally, Moody National Bank Trust Division increased its holdings in shares of Enterprise Products Partners by 62.3% during the second quarter. Moody National Bank Trust Division now owns 77,986 shares of the oil and gas producer’s stock valued at $1,417,000 after purchasing an additional 29,950 shares during the period. Institutional investors own 34.78% of the company’s stock.

Shares of EPD stock traded down $0.02 during trading on Friday, reaching $17.60. The company had a trading volume of 6,906,216 shares, compared to its average volume of 7,474,061. The firm’s 50 day simple moving average is $18.21 and its two-hundred day simple moving average is $19.89. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.12 and a quick ratio of 0.89. Enterprise Products Partners L.P. has a one year low of $10.27 and a one year high of $30.49. The company has a market capitalization of $38.51 billion, a PE ratio of 8.63 and a beta of 1.44.

Enterprise Products Partners (NYSE:EPD) last issued its quarterly earnings results on Wednesday, July 29th. The oil and gas producer reported $0.47 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.01. The company had revenue of $5.75 billion for the quarter, compared to the consensus estimate of $7.52 billion. Enterprise Products Partners had a return on equity of 18.08% and a net margin of 15.41%. The company’s revenue for the quarter was down 30.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.55 EPS. Analysts forecast that Enterprise Products Partners L.P. will post 2.04 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 12th. Stockholders of record on Friday, July 31st will be given a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 10.11%. The ex-dividend date is Thursday, July 30th. Enterprise Products Partners’s dividend payout ratio is presently 82.79%.

A number of research analysts have recently commented on the company. Wells Fargo & Co raised their price target on Enterprise Products Partners from $25.00 to $26.00 and gave the company an “overweight” rating in a report on Wednesday, July 22nd. TheStreet lowered Enterprise Products Partners from a “b-” rating to a “c” rating in a report on Thursday, April 9th. Citigroup lowered their target price on Enterprise Products Partners from $31.00 to $21.00 and set a “buy” rating on the stock in a report on Thursday, July 2nd. SunTrust Banks lifted their target price on Enterprise Products Partners from $21.00 to $22.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Cfra lowered their target price on Enterprise Products Partners from $34.00 to $31.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. One analyst has rated the stock with a sell rating, one has given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $26.38.

In related news, COO Graham W. Bacon purchased 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The shares were acquired at an average price of $19.70 per share, with a total value of $197,000.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 37.50% of the stock is owned by insiders.

Enterprise Products Partners 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. The company operates through four segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.

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

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