Oxbow Advisors LLC Has $46.37 Million Position in Enterprise Products Partners L.P. (NYSE:EPD)

Oxbow Advisors LLC boosted its holdings in Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 0.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,358,274 shares of the oil and gas producer's stock after acquiring an additional 8,978 shares during the quarter. Enterprise Products Partners comprises about 4.9% of Oxbow Advisors LLC's investment portfolio, making the stock its 4th biggest holding. Oxbow Advisors LLC owned 0.06% of Enterprise Products Partners worth $46,371,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Tidemark LLC increased its holdings in shares of Enterprise Products Partners by 54.3% in the 4th 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 period. Lee Danner & Bass Inc. acquired a new stake in shares of Enterprise Products Partners during the 4th quarter valued at $29,000. Crowley Wealth Management Inc. acquired a new position in shares of Enterprise Products Partners in the fourth quarter worth $30,000. Security National Bank purchased a new position in Enterprise Products Partners in the first quarter valued at about $30,000. Finally, Alpine Bank Wealth Management acquired a new position in Enterprise Products Partners in the 1st quarter worth about $31,000. Institutional investors own 26.07% of the company's stock.

Enterprise Products Partners Price Performance

NYSE EPD traded down $0.14 during trading on Friday, reaching $31.91. 2,518,045 shares of the company traded hands, compared to its average volume of 4,488,394. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.64 and a current ratio of 0.86. The stock's 50 day moving average price is $31.39 and its two-hundred day moving average price is $32.09. The company has a market cap of $69.21 billion, a price-to-earnings ratio of 11.95, a P/E/G ratio of 1.35 and a beta of 0.64. Enterprise Products Partners L.P. has a 1-year low of $27.37 and a 1-year high of $34.63.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The oil and gas producer reported $0.64 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.69 by ($0.05). The company 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% compared to the same quarter last year. During the same period in the previous year, the business posted $0.66 earnings per share. As a group, analysts anticipate that Enterprise Products Partners L.P. will post 2.9 EPS for the current year.

Enterprise Products Partners Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 14th. Investors of record on Thursday, July 31st will be issued a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a dividend yield of 6.83%. This is a boost from Enterprise Products Partners's previous quarterly dividend of $0.54. The ex-dividend date is Thursday, July 31st. Enterprise Products Partners's payout ratio is currently 81.65%.

Analyst Upgrades and Downgrades

EPD has been the subject of several recent research reports. Argus raised shares of Enterprise Products Partners to a "strong-buy" rating in a research report on Monday, May 5th. Wall Street Zen upgraded Enterprise Products Partners from a "hold" rating to a "buy" rating in a report on Thursday, May 8th. Royal Bank Of Canada restated an "outperform" rating and issued a $37.00 target price on shares of Enterprise Products Partners in a report on Wednesday, March 26th. TD Cowen started coverage on Enterprise Products Partners in a report on Monday, July 7th. They issued a "hold" rating and a $33.00 target price for the company. Finally, Scotiabank boosted their target price on Enterprise Products Partners from $35.00 to $36.00 and gave the stock a "sector perform" rating in a report on Thursday, June 5th. Five research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Enterprise Products Partners presently has an average rating of "Moderate Buy" and a consensus target price of $36.36.

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.