SailingStone Capital Partners LLC Has $18.80 Million Position in Enterprise Products Partners L.P. (NYSE:EPD)

SailingStone Capital Partners LLC decreased its holdings in shares of Enterprise Products Partners L.P. (NYSE:EPD - Free Report) by 2.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 599,515 shares of the oil and gas producer's stock after selling 12,943 shares during the period. Enterprise Products Partners comprises 6.3% of SailingStone Capital Partners LLC's portfolio, making the stock its 7th biggest holding. SailingStone Capital Partners LLC's holdings in Enterprise Products Partners were worth $18,801,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tidemark LLC lifted its stake in Enterprise Products Partners by 54.3% during the fourth quarter. Tidemark LLC now owns 904 shares of the oil and gas producer's stock worth $28,000 after purchasing an additional 318 shares during the period. Lee Danner & Bass Inc. bought a new position in Enterprise Products Partners in the 4th quarter worth approximately $29,000. Crowley Wealth Management Inc. bought a new position in Enterprise Products Partners in the 4th quarter worth approximately $30,000. National Bank of Canada FI raised its position in Enterprise Products Partners by 55.4% in the 4th quarter. National Bank of Canada FI now owns 1,010 shares of the oil and gas producer's stock worth $32,000 after purchasing an additional 360 shares during the last quarter. Finally, Colonial Trust Co SC raised its position in Enterprise Products Partners by 44.9% in the 4th quarter. Colonial Trust Co SC now owns 1,014 shares of the oil and gas producer's stock worth $32,000 after purchasing an additional 314 shares during the last quarter. Institutional investors own 26.07% of the company's stock.

Analyst Ratings Changes

EPD has been the subject of several research analyst reports. Royal Bank of Canada restated an "outperform" rating and issued a $37.00 price objective on shares of Enterprise Products Partners in a research report on Wednesday, March 26th. JPMorgan Chase & Co. upped their target price on shares of Enterprise Products Partners from $37.00 to $38.00 and gave the company an "overweight" rating in a research report on Thursday, March 27th. Argus raised shares of Enterprise Products Partners to a "strong-buy" rating in a report on Monday, May 5th. Citigroup decreased their price target on shares of Enterprise Products Partners from $37.00 to $35.00 and set a "buy" rating for the company in a report on Tuesday. Finally, Morgan Stanley upped their target price on shares of Enterprise Products Partners from $36.00 to $38.00 and gave the stock an "equal weight" rating in a research note on Tuesday, March 11th. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $36.67.

Enterprise Products Partners Stock Performance

Shares of Enterprise Products Partners stock opened at $32.44 on Friday. Enterprise Products Partners L.P. has a fifty-two week low of $27.37 and a fifty-two week high of $34.63. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.07 and a quick ratio of 0.83. The firm has a market capitalization of $70.35 billion, a P/E ratio of 12.06, a P/E/G ratio of 1.37 and a beta of 0.67. The company's 50 day moving average price is $31.64 and its two-hundred day moving average price is $32.11.

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 analysts' consensus estimates of $0.69 by ($0.05). The business had revenue of $15.42 billion for the quarter, compared to analyst estimates of $14.14 billion. Enterprise Products Partners had a return on equity of 20.48% and a net margin of 10.49%. Enterprise Products Partners's revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.66 EPS. On average, equities analysts forecast that Enterprise Products Partners L.P. will post 2.9 earnings per share for the current fiscal year.

Enterprise Products Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 14th. Stockholders of record on Wednesday, April 30th were issued a dividend of $0.535 per share. The ex-dividend date was Wednesday, April 30th. This represents a $2.14 dividend on an annualized basis and a dividend yield of 6.60%. Enterprise Products Partners's dividend payout ratio (DPR) is presently 80.15%.

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.

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