Enterprise Products Partners Sees Unusually Large Options Volume (NYSE:EPD)

Enterprise Products Partners L.P. (NYSE:EPD - Get Free Report) saw unusually large options trading on Monday. Traders purchased 27,258 call options on the stock. This represents an increase of 75% compared to the average volume of 15,578 call options.

Analysts Set New Price Targets

Several research firms recently issued reports on EPD. JPMorgan Chase & Co. upped their price target on shares of Enterprise Products Partners from $37.00 to $38.00 and gave the company an "overweight" rating in a report on Thursday, March 27th. Truist Financial lifted their price target on Enterprise Products Partners from $37.00 to $40.00 and gave the stock a "buy" rating in a research note on Friday, January 3rd. StockNews.com downgraded Enterprise Products Partners from a "buy" rating to a "hold" rating in a report on Wednesday. Royal Bank of Canada reiterated an "outperform" rating and issued a $37.00 price target on shares of Enterprise Products Partners in a report on Wednesday, March 26th. Finally, Citigroup reiterated a "buy" rating on shares of Enterprise Products Partners in a research note on Tuesday, February 18th. Five investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Enterprise Products Partners has a consensus rating of "Moderate Buy" and a consensus target price of $36.89.

Enterprise Products Partners Stock Performance

Shares of EPD traded up $0.07 during mid-day trading on Thursday, reaching $29.97. 416,554 shares of the company's stock traded hands, compared to its average volume of 4,359,902. Enterprise Products Partners 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 1.05, a quick ratio of 0.83 and a current ratio of 1.07. The stock has a market capitalization of $64.90 billion, a P/E ratio of 11.14, a price-to-earnings-growth ratio of 1.37 and a beta of 0.78. The business's 50-day moving average price is $32.19 and its 200-day moving average price is $31.95.

Enterprise Products Partners (NYSE:EPD - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The oil and gas producer reported $0.64 EPS 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 last year, the firm posted $0.66 earnings per share. Enterprise Products Partners's revenue was up 4.5% compared to the same quarter last year. Equities analysts predict that Enterprise Products Partners will post 2.9 earnings per share for the current year.

Enterprise Products Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th will be given a dividend of $0.535 per share. This represents a $2.14 dividend on an annualized basis and a yield of 7.14%. The ex-dividend date is Wednesday, April 30th. Enterprise Products Partners's payout ratio is presently 79.55%.

Hedge Funds Weigh In On Enterprise Products Partners

Several institutional investors have recently bought and sold shares of the stock. Rosenberg Matthew Hamilton lifted its holdings in Enterprise Products Partners by 364.4% in the 4th quarter. Rosenberg Matthew Hamilton now owns 836 shares of the oil and gas producer's stock worth $26,000 after purchasing an additional 656 shares during the last quarter. Security National Bank bought a new stake in shares of Enterprise Products Partners during the 1st quarter worth $30,000. Alpine Bank Wealth Management bought a new position in Enterprise Products Partners in the 1st quarter worth $31,000. Tidemark LLC lifted its position 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 worth $28,000 after acquiring an additional 318 shares during the last quarter. Finally, Lee Danner & Bass Inc. acquired a new stake in shares of Enterprise Products Partners in the fourth quarter valued at about $29,000. 26.07% of the stock is currently owned by institutional investors.

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.