Doliver Advisors LP Purchases 615 Shares of Enterprise Products Partners L.P. (NYSE:EPD)

Doliver Advisors LP lifted its position in shares of Enterprise Products Partners L.P. (NYSE:EPD) by 0.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 99,013 shares of the oil and gas producer’s stock after purchasing an additional 615 shares during the quarter. Enterprise Products Partners accounts for 0.9% of Doliver Advisors LP’s investment portfolio, making the stock its 18th largest holding. Doliver Advisors LP’s holdings in Enterprise Products Partners were worth $3,105,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Bank of New York Mellon Corp raised its holdings in shares of Enterprise Products Partners by 1.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 294,760 shares of the oil and gas producer’s stock worth $8,542,000 after acquiring an additional 3,770 shares during the last quarter. Natixis Advisors LLC boosted its position in shares of Enterprise Products Partners by 48.4% during the second quarter. Natixis Advisors LLC now owns 18,048 shares of the oil and gas producer’s stock valued at $523,000 after buying an additional 5,887 shares during the last quarter. Private Advisor Group LLC grew its holdings in Enterprise Products Partners by 9.9% during the second quarter. Private Advisor Group LLC now owns 363,373 shares of the oil and gas producer’s stock worth $10,531,000 after buying an additional 32,776 shares in the last quarter. Savant Capital LLC raised its position in Enterprise Products Partners by 2.3% in the 2nd quarter. Savant Capital LLC now owns 194,526 shares of the oil and gas producer’s stock valued at $5,637,000 after buying an additional 4,361 shares during the last quarter. Finally, Advisor OS LLC lifted its stake in Enterprise Products Partners by 1.3% during the 2nd quarter. Advisor OS LLC now owns 29,485 shares of the oil and gas producer’s stock valued at $854,000 after acquiring an additional 379 shares in the last quarter. 26.07% of the stock is currently owned by institutional investors.

Enterprise Products Partners Stock Performance

NYSE:EPD traded up $0.26 on Monday, reaching $32.09. 2,455,316 shares of the company’s stock were exchanged, compared to its average volume of 2,901,982. The firm has a market cap of $69.56 billion, a price-to-earnings ratio of 12.02, a P/E/G ratio of 1.67 and a beta of 1.09. 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 stock has a fifty day simple moving average of $31.40 and a 200-day simple moving average of $29.97. Enterprise Products Partners L.P. has a 52 week low of $26.12 and a 52 week high of $34.63.

Enterprise Products Partners (NYSE:EPD) last released its quarterly earnings data on Tuesday, October 29th. The oil and gas producer reported $0.65 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.01). Enterprise Products Partners had a return on equity of 20.31% and a net margin of 10.32%. The business had revenue of $13.78 billion during the quarter, compared to the consensus estimate of $13.87 billion. During the same period last year, the business posted $0.60 earnings per share. The firm’s quarterly revenue was up 14.8% on a year-over-year basis. As a group, sell-side analysts predict that Enterprise Products Partners L.P. will post 2.69 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on EPD. Royal Bank of Canada reiterated an “outperform” rating and issued a $36.00 target price on shares of Enterprise Products Partners in a report on Wednesday, October 30th. Bank of America assumed coverage on Enterprise Products Partners in a research note on Thursday, October 17th. They issued a “buy” rating and a $35.00 target price on the stock. Truist Financial lifted their price target on Enterprise Products Partners from $37.00 to $40.00 and gave the stock a “buy” rating in a report on Friday. US Capital Advisors upgraded Enterprise Products Partners from a “moderate buy” rating to a “strong-buy” rating in a research note on Monday, October 28th. Finally, Wells Fargo & Company cut Enterprise Products Partners from an “overweight” rating to an “equal weight” rating and set a $35.00 target price on the stock. in a research note on Wednesday, December 18th. Two investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $34.50.

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. It operates in four segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.