Enterprise Products Partners L.P. (NYSE:EPD) Stock Position Increased by Capital Advisors Inc. OK

Capital Advisors Inc. OK increased its holdings in shares of Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 297.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 133,146 shares of the oil and gas producer's stock after acquiring an additional 99,688 shares during the period. Capital Advisors Inc. OK's holdings in Enterprise Products Partners were worth $4,546,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Tidemark LLC grew its holdings in Enterprise Products Partners by 54.3% in the fourth quarter. Tidemark LLC now owns 904 shares of the oil and gas producer's stock valued at $28,000 after purchasing an additional 318 shares during the last quarter. Lee Danner & Bass Inc. acquired a new stake in Enterprise Products Partners in the fourth quarter valued at $29,000. Crowley Wealth Management Inc. acquired a new stake in Enterprise Products Partners in the fourth quarter valued at $30,000. Security National Bank acquired a new stake in Enterprise Products Partners in the first quarter valued at $30,000. Finally, Alpine Bank Wealth Management acquired a new stake in Enterprise Products Partners in the first quarter valued at $31,000. Institutional investors and hedge funds own 26.07% of the company's stock.

Enterprise Products Partners Stock Performance

Shares of NYSE EPD traded up $0.41 during mid-day trading on Tuesday, hitting $31.72. The company had a trading volume of 3,035,648 shares, compared to its average volume of 4,478,730. The stock has a market cap of $68.80 billion, a price-to-earnings ratio of 11.88, a PEG ratio of 1.31 and a beta of 0.64. Enterprise Products Partners L.P. has a 12 month low of $27.37 and a 12 month high of $34.63. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.86 and a quick ratio of 0.64. The firm's 50 day simple moving average is $31.26 and its two-hundred day simple moving average is $32.08.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last announced its 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). The business had revenue of $15.42 billion for the quarter, compared to the consensus estimate of $14.14 billion. Enterprise Products Partners had a net margin of 10.26% and a return on equity of 19.90%. The firm's revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.66 EPS. As a group, equities research analysts forecast that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently commented on EPD. Wall Street Zen raised Enterprise Products Partners from a "hold" rating to a "buy" rating in a research note on Thursday, May 8th. Argus upgraded Enterprise Products Partners to a "strong-buy" rating in a research report on Monday, May 5th. JPMorgan Chase & Co. increased their target price on Enterprise Products Partners from $37.00 to $38.00 and gave the stock an "overweight" rating in a research report on Thursday, March 27th. Citigroup reduced their target price on Enterprise Products Partners from $37.00 to $35.00 and set a "buy" rating on the stock in a research report on Tuesday, May 13th. Finally, Barclays reduced their target price on Enterprise Products Partners from $36.00 to $35.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 2nd. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $36.20.

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. It operates in four segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.