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 some unusual options trading activity on Tuesday. Investors purchased 48,676 call options on the company. This is an increase of approximately 227% compared to the average daily volume of 14,865 call options.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Brooklyn Investment Group acquired a new position in shares of Enterprise Products Partners during the first quarter worth about $27,000. Tidemark LLC increased its position 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 last quarter. Wealth Preservation Advisors LLC acquired a new stake in shares of Enterprise Products Partners in the 1st quarter valued at $28,000. Lee Danner & Bass Inc. purchased a new stake in shares of Enterprise Products Partners during the 4th quarter worth $29,000. Finally, Crowley Wealth Management Inc. acquired a new position in shares of Enterprise Products Partners during the fourth quarter worth $30,000. 26.07% of the stock is owned by institutional investors and hedge funds.

Enterprise Products Partners Trading Up 0.8%

NYSE:EPD traded up $0.24 on Thursday, reaching $31.06. 4,758,670 shares of the company's stock were exchanged, compared to its average volume of 4,404,755. The business has a fifty day moving average of $31.06 and a 200-day moving average of $32.25. The company has a quick ratio of 0.83, a current ratio of 1.07 and a debt-to-equity ratio of 1.05. Enterprise Products Partners has a 52-week low of $27.37 and a 52-week high of $34.63. The firm has a market capitalization of $67.36 billion, a price-to-earnings ratio of 11.54, a price-to-earnings-growth ratio of 1.37 and a beta of 0.65.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last released its earnings results 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). 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 for the quarter, compared to analyst estimates of $14.14 billion. During the same quarter last year, the company earned $0.66 earnings per share. Enterprise Products Partners's quarterly revenue was up 4.5% compared to the same quarter last year. As a group, analysts expect that Enterprise Products Partners will post 2.9 earnings per share for the current year.

Enterprise Products Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th were issued a $0.535 dividend. The ex-dividend date was Wednesday, April 30th. This represents a $2.14 dividend on an annualized basis and a yield of 6.89%. Enterprise Products Partners's dividend payout ratio (DPR) is presently 80.15%.

Analyst Ratings Changes

A number of equities analysts have commented on EPD shares. Barclays reduced their target price on shares of Enterprise Products Partners from $37.00 to $36.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 20th. Royal Bank of Canada reiterated an "outperform" rating and issued a $37.00 price objective on shares of Enterprise Products Partners in a report on Wednesday, March 26th. Citigroup cut their target price on Enterprise Products Partners from $37.00 to $35.00 and set a "buy" rating for the company in a research note on Tuesday, May 13th. Morgan Stanley raised their price objective on Enterprise Products Partners from $36.00 to $38.00 and gave the stock an "equal weight" rating in a research report on Tuesday, March 11th. Finally, Scotiabank increased their target price on shares of Enterprise Products Partners from $35.00 to $36.00 and gave the stock a "sector perform" rating in a research note on Thursday. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $36.67.

About Enterprise Products Partners

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.