Martin Midstream Partners (NASDAQ:MMLP) Stock Price Passes Above 200 Day Moving Average - Should You Sell?

Key Points

• Martin Midstream briefly traded above its 200‑day moving average (200‑day = $2.86; intraday high $2.95) but last traded at $2.84 and the stock was down about 3.4%.
• The company missed quarterly expectations (EPS -$0.07 vs. $0.06 expected; revenue $174.2M vs. $194.47M expected) and Wall Street's consensus rating is Sell, with Weiss Ratings reiterating a "sell (d)".
• Martin Midstream has a small quarterly dividend ($0.005; $0.02 annualized, ~0.7% yield), a market cap of ~$111M, and a negative PE ratio (-7.68), reflecting weak fundamentals.

Martin Midstream Partners L.P. (NASDAQ:MMLP - Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $2.86 and traded as high as $2.95. Martin Midstream Partners shares last traded at $2.84, with a volume of 6,351 shares changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a "sell (d)" rating on shares of Martin Midstream Partners in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Martin Midstream Partners has a consensus rating of "Sell".

Martin Midstream Partners Stock Down 3.4%

The company has a market capitalization of $110.93 million, a PE ratio of -7.68 and a beta of 0.56. The business has a 50 day simple moving average of $2.82 and a 200 day simple moving average of $2.86.

Martin Midstream Partners (NASDAQ:MMLP - Get Free Report) last posted its quarterly earnings results on Wednesday, February 18th. The pipeline company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by ($0.13). The business had revenue of $174.20 million for the quarter, compared to analyst estimates of $194.47 million. Equities analysts expect that Martin Midstream Partners L.P. will post 0.15 EPS for the current fiscal year.

Martin Midstream Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Friday, February 6th were given a dividend of $0.005 per share. This represents a $0.02 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Friday, February 6th. Martin Midstream Partners's dividend payout ratio (DPR) is currently -5.41%.

Institutional Investors Weigh In On Martin Midstream Partners

Hedge funds and other institutional investors have recently made changes to their positions in the company. Artisan Partners Limited Partnership increased its holdings in Martin Midstream Partners by 7.1% in the fourth quarter. Artisan Partners Limited Partnership now owns 114,935 shares of the pipeline company's stock valued at $300,000 after buying an additional 7,596 shares in the last quarter. Commerce Bank acquired a new stake in Martin Midstream Partners during the 4th quarter worth $28,000. Jane Street Group LLC grew its stake in Martin Midstream Partners by 139.3% during the 4th quarter. Jane Street Group LLC now owns 24,068 shares of the pipeline company's stock valued at $63,000 after acquiring an additional 14,010 shares in the last quarter. Susquehanna International Group LLP boosted its holdings in shares of Martin Midstream Partners by 298.9% during the 3rd quarter. Susquehanna International Group LLP now owns 44,126 shares of the pipeline company's stock worth $135,000 after purchasing an additional 33,064 shares during the last quarter. Finally, Citadel Advisors LLC acquired a new position in Martin Midstream Partners during the third quarter worth $41,000. Institutional investors and hedge funds own 34.90% of the company's stock.

About Martin Midstream Partners

Martin Midstream Partners L.P. is a publicly traded midstream energy partnership that provides storage, transportation and distribution services for petroleum and chemical products. The company's operations encompass bulk liquid terminals, marine transportation services and handling facilities designed to support a variety of feedstocks and refined products. Through its network of terminals and pipelines, Martin Midstream serves refineries, petrochemical plants and other industrial customers, offering solutions that help optimize logistics and maintain supply chain reliability.

With core assets located along the U.S.

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