Doliver Advisors LP Has $4.36 Million Stock Holdings in Enterprise Products Partners L.P. $EPD

Doliver Advisors LP increased its position in Enterprise Products Partners L.P. (NYSE:EPD) by 14.4% during the second quarter, Holdings Channel reports. The firm owned 118,513 shares of the oil and gas producer’s stock after buying an additional 14,900 shares during the quarter. Enterprise Products Partners makes up approximately 1.0% of Doliver Advisors LP’s portfolio, making the stock its 15th largest holding. Doliver Advisors LP’s holdings in Enterprise Products Partners were worth $4,357,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. Redhawk Wealth Advisors Inc. acquired a new position in Enterprise Products Partners during the second quarter worth approximately $1,170,000. Harrell Investment Partners LLC lifted its position in shares of Enterprise Products Partners by 14.9% in the second quarter. Harrell Investment Partners LLC now owns 62,052 shares of the oil and gas producer’s stock valued at $2,281,000 after buying an additional 8,048 shares during the last quarter. Shrier Wealth Management LLC lifted its position in shares of Enterprise Products Partners by 1.0% in the second quarter. Shrier Wealth Management LLC now owns 82,750 shares of the oil and gas producer’s stock valued at $3,042,000 after buying an additional 788 shares during the last quarter. Bay Rivers Group boosted its stake in shares of Enterprise Products Partners by 34.2% during the 2nd quarter. Bay Rivers Group now owns 9,395 shares of the oil and gas producer’s stock worth $345,000 after acquiring an additional 2,395 shares during the period. Finally, Allied Private Wealth LLC bought a new position in shares of Enterprise Products Partners during the 2nd quarter worth approximately $331,000. 26.07% of the stock is currently owned by institutional investors and hedge funds.

Enterprise Products Partners Price Performance

Enterprise Products Partners stock opened at $37.87 on Wednesday. Enterprise Products Partners L.P. has a 12 month low of $30.01 and a 12 month high of $40.17. The stock’s 50 day moving average is $37.56 and its 200-day moving average is $37.26. The company has a current ratio of 0.91, a quick ratio of 0.61 and a debt-to-equity ratio of 1.03. The company has a market capitalization of $81.77 billion, a price-to-earnings ratio of 13.15, a PEG ratio of 1.36 and a beta of 0.49.

Enterprise Products Partners (NYSE:EPD) last released its quarterly earnings results on Wednesday, July 29th. The oil and gas producer reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.09. The business had revenue of $18.27 billion during the quarter, compared to analysts’ expectations of $13.69 billion. Enterprise Products Partners had a return on equity of 20.80% and a net margin of 10.79%.The firm’s revenue for the quarter was up 60.8% compared to the same quarter last year. During the same period last year, the firm posted $0.66 EPS. Equities research analysts expect that Enterprise Products Partners L.P. will post 2.96 EPS for the current year.

Enterprise Products Partners Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, July 31st will be issued a dividend of $0.56 per share. This is an increase from Enterprise Products Partners’s previous quarterly dividend of $0.55. This represents a $2.24 dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date of this dividend is Friday, July 31st. Enterprise Products Partners’s payout ratio is 77.78%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on EPD shares. The Goldman Sachs Group restated a “neutral” rating and issued a $38.00 price target on shares of Enterprise Products Partners in a research note on Wednesday, June 17th. Truist Financial lifted their price objective on shares of Enterprise Products Partners from $36.00 to $40.00 and gave the stock a “hold” rating in a research report on Monday, May 4th. Wall Street Zen upgraded shares of Enterprise Products Partners from a “hold” rating to a “buy” rating in a report on Saturday. Citigroup reissued a “buy” rating and issued a $44.00 price objective (up from $39.00) on shares of Enterprise Products Partners in a research report on Friday, May 1st. Finally, JPMorgan Chase & Co. increased their price objective on shares of Enterprise Products Partners from $41.00 to $42.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. Eight analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Enterprise Products Partners presently has an average rating of “Hold” and an average price target of $39.93.

Enterprise Products Partners Profile

Enterprise Products Partners L.P. (NYSE: EPD) is a Houston-based master limited partnership that provides midstream energy services across North America. The company owns and operates an extensive network of pipelines, storage facilities, processing plants and export terminals that transport and handle natural gas, natural gas liquids (NGLs), crude oil and refined and petrochemical products. Its core activities include gathering and transportation, fractionation of NGLs, natural gas processing, crude oil and condensate pipelines, and marine and terminal services that enable domestic distribution and exports.

Enterprise serves a diverse set of customers including producers, refiners, petrochemical companies, marketers and end users.