Enterprise Products Partners Target of Unusually Large Options Trading (NYSE:EPD)

Enterprise Products Partners L.P. (NYSE:EPD - Get Free Report) was the recipient of unusually large options trading on Monday. Stock traders purchased 26,432 call options on the stock. This represents an increase of 64% compared to the typical volume of 16,163 call options.

Analyst Ratings Changes

A number of research analysts have commented on the company. StockNews.com raised Enterprise Products Partners from a "hold" rating to a "buy" rating in a report on Thursday, May 8th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $37.00 target price on shares of Enterprise Products Partners in a research note on Wednesday, March 26th. Argus raised Enterprise Products Partners to a "strong-buy" rating in a research note on Monday, May 5th. Barclays raised their price objective on Enterprise Products Partners from $35.00 to $37.00 and gave the company an "overweight" rating in a research note on Friday, March 14th. Finally, Morgan Stanley increased their price target on Enterprise Products Partners from $36.00 to $38.00 and gave the company an "equal weight" rating in a research report on Tuesday, March 11th. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $36.67.

Enterprise Products Partners Stock Down 0.1%

EPD traded down $0.04 during midday trading on Monday, hitting $32.37. The company had a trading volume of 1,973,664 shares, compared to its average volume of 4,391,833. The company has a quick ratio of 0.83, a current ratio of 1.07 and a debt-to-equity ratio of 1.05. The company has a market capitalization of $70.21 billion, a price-to-earnings ratio of 12.03, a PEG ratio of 1.37 and a beta of 0.67. Enterprise Products Partners has a 52 week low of $27.37 and a 52 week high of $34.63. The stock's 50 day moving average price is $31.64 and its 200 day moving average price is $32.16.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The oil and gas producer reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.05). Enterprise Products Partners had a return on equity of 20.48% and a net margin of 10.49%. The business had revenue of $15.42 billion during the quarter, compared to the consensus estimate of $14.14 billion. During the same quarter in the previous year, the business posted $0.66 earnings per share. The firm's revenue was up 4.5% on a year-over-year basis. On average, research analysts anticipate that Enterprise Products Partners will post 2.9 earnings per share for the current fiscal year.

Enterprise Products Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th were paid a $0.535 dividend. This represents a $2.14 annualized dividend and a yield of 6.61%. The ex-dividend date was Wednesday, April 30th. Enterprise Products Partners's dividend payout ratio is currently 80.15%.

Hedge Funds Weigh In On Enterprise Products Partners

A number of hedge funds have recently modified their holdings of EPD. Brooklyn Investment Group purchased a new stake in shares of Enterprise Products Partners in the first quarter valued at about $27,000. Tidemark LLC increased its stake in Enterprise Products Partners by 54.3% during the 4th quarter. Tidemark LLC now owns 904 shares of the oil and gas producer's stock valued at $28,000 after buying an additional 318 shares during the period. Wealth Preservation Advisors LLC acquired a new position in shares of Enterprise Products Partners in the first quarter worth about $28,000. Lee Danner & Bass Inc. bought a new position in Enterprise Products Partners during the fourth quarter valued at approximately $29,000. Finally, Crowley Wealth Management Inc. acquired a new stake in shares of Enterprise Products Partners in the fourth quarter worth $30,000. 26.07% of the stock is currently owned by hedge funds and other institutional investors.

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.

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