Investors Purchase High Volume of Enterprise Products Partners Call Options (NYSE:EPD)

Enterprise Products Partners L.P. (NYSE:EPD) was the target of unusually large options trading on Friday. Stock traders bought 107,885 call options on the stock. This represents an increase of 1,142% compared to the average daily volume of 8,689 call options.

Enterprise Products Partners Stock Up 0.4 %

Enterprise Products Partners stock opened at $29.06 on Friday. Enterprise Products Partners has a 1-year low of $25.19 and a 1-year high of $29.99. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.93 and a quick ratio of 0.68. The stock has a market cap of $63.01 billion, a PE ratio of 11.53 and a beta of 1.02. The stock’s fifty day moving average is $28.58 and its two-hundred day moving average is $27.33.

Enterprise Products Partners (NYSE:EPD) last posted its quarterly earnings results on Thursday, February 1st. The oil and gas producer reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.04. Enterprise Products Partners had a return on equity of 19.65% and a net margin of 11.12%. The company had revenue of $14.62 billion for the quarter, compared to analysts’ expectations of $12.43 billion. During the same period last year, the firm earned $0.65 earnings per share. Enterprise Products Partners’s quarterly revenue was up 7.1% on a year-over-year basis. On average, sell-side analysts expect that Enterprise Products Partners will post 2.63 EPS for the current fiscal year.

Enterprise Products Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 14th. Shareholders of record on Tuesday, April 30th will be paid a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 7.09%. The ex-dividend date of this dividend is Monday, April 29th. Enterprise Products Partners’s dividend payout ratio is presently 81.75%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Barclays raised their price target on Enterprise Products Partners from $30.00 to $31.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 26th. Scotiabank raised their price target on Enterprise Products Partners from $31.00 to $32.00 and gave the stock a “sector outperform” rating in a research report on Thursday, April 4th. Truist Financial raised their price target on Enterprise Products Partners from $31.00 to $33.00 and gave the stock a “buy” rating in a research report on Wednesday, February 21st. Stifel Nicolaus raised their price target on Enterprise Products Partners from $35.00 to $36.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Finally, Wells Fargo & Company lifted their target price on Enterprise Products Partners from $32.00 to $33.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. Two analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $32.58.

Institutional Trading of Enterprise Products Partners

Hedge funds and other institutional investors have recently made changes to their positions in the company. Accordant Advisory Group Inc acquired a new stake in shares of Enterprise Products Partners during the first quarter worth about $26,000. Stephens Consulting LLC acquired a new stake in shares of Enterprise Products Partners during the first quarter worth about $29,000. Burkett Financial Services LLC acquired a new stake in shares of Enterprise Products Partners during the fourth quarter worth about $28,000. Rational Advisors LLC acquired a new stake in shares of Enterprise Products Partners during the third quarter worth about $43,000. Finally, Financial Gravity Asset Management Inc. acquired a new stake in shares of Enterprise Products Partners during the third quarter worth about $48,000. Institutional investors and hedge funds own 26.07% of the company’s stock.

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.