Lehman & Derafelo Financial Resources LLC bought a new position in shares of Enterprise Products Partners L.P. (NYSE:EPD) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 78,090 shares of the oil and gas producer’s stock, valued at approximately $1,920,000. Enterprise Products Partners comprises about 1.0% of Lehman & Derafelo Financial Resources LLC’s portfolio, making the stock its 23rd biggest holding.
A number of other institutional investors and hedge funds have also bought and sold shares of EPD. Bank of New York Mellon Corp raised its position in Enterprise Products Partners by 1.4% in the second quarter. Bank of New York Mellon Corp now owns 556,318 shares of the oil and gas producer’s stock valued at $15,393,000 after purchasing an additional 7,748 shares during the period. Acadian Asset Management LLC purchased a new position in Enterprise Products Partners in the third quarter valued at about $422,000. Strategic Wealth Advisors Group LLC purchased a new position in Enterprise Products Partners in the third quarter valued at about $392,000. Ffcm LLC raised its position in Enterprise Products Partners by 908.3% in the third quarter. Ffcm LLC now owns 8,369 shares of the oil and gas producer’s stock valued at $913,000 after purchasing an additional 7,539 shares during the period. Finally, Montag A & Associates Inc. raised its position in Enterprise Products Partners by 23.0% in the third quarter. Montag A & Associates Inc. now owns 21,355 shares of the oil and gas producer’s stock valued at $614,000 after purchasing an additional 4,000 shares during the period. 36.85% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have commented on the company. Zacks Investment Research raised Enterprise Products Partners from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a research report on Wednesday, February 13th. ValuEngine raised Enterprise Products Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Bank of America set a $32.00 target price on Enterprise Products Partners and gave the company a “buy” rating in a research note on Tuesday, January 29th. Citigroup lowered their target price on Enterprise Products Partners from $32.00 to $31.00 and set a “buy” rating for the company in a research note on Thursday, November 29th. Finally, Mizuho started coverage on Enterprise Products Partners in a research note on Wednesday, November 28th. They set a “buy” rating and a $33.00 target price for the company. Three equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $32.41.
NYSE:EPD traded down $0.05 during mid-day trading on Friday, reaching $28.16. The stock had a trading volume of 418,421 shares, compared to its average volume of 4,960,688. The company has a market capitalization of $60.96 billion, a price-to-earnings ratio of 14.52, a price-to-earnings-growth ratio of 4.91 and a beta of 0.96. Enterprise Products Partners L.P. has a 1-year low of $23.10 and a 1-year high of $30.05. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.63 and a current ratio of 0.85.
Enterprise Products Partners (NYSE:EPD) last posted its quarterly earnings results on Thursday, January 31st. The oil and gas producer reported $0.59 EPS for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.09. The business had revenue of $9.18 billion during the quarter, compared to the consensus estimate of $9.46 billion. Enterprise Products Partners had a return on equity of 18.13% and a net margin of 11.42%. During the same period last year, the firm earned $0.36 earnings per share. On average, equities research analysts forecast that Enterprise Products Partners L.P. will post 1.92 EPS for the current fiscal year.
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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. The company operates through four segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.
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