DCP Midstream Sees Unusually Large Options Volume (DCP)
DCP Midstream LP (NYSE:DCP) was the recipient of some unusual options trading activity on Friday. Stock investors acquired 6,086 call options on the stock. This represents an increase of 4,442% compared to the typical daily volume of 134 call options.
Shares of DCP Midstream (NYSE DCP) opened at $40.93 on Monday. DCP Midstream has a 52-week low of $29.70 and a 52-week high of $42.45. The company has a market cap of $5,870.00, a PE ratio of 57.65 and a beta of 2.10. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.70 and a current ratio of 0.73.
DCP Midstream (NYSE:DCP) last released its quarterly earnings results on Tuesday, November 7th. The pipeline company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.20). DCP Midstream had a return on equity of 4.47% and a net margin of 3.74%. sell-side analysts anticipate that DCP Midstream will post 0.74 earnings per share for the current fiscal year.
In other news, CEO Kempen Wouter T. Van acquired 750 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The shares were purchased at an average cost of $1,000.00 per share, for a total transaction of $750,000.00. Following the transaction, the chief executive officer now directly owns 750 shares in the company, valued at approximately $750,000. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Don Baldridge acquired 50 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The stock was purchased at an average price of $1,000.00 per share, for a total transaction of $50,000.00. Following the completion of the transaction, the insider now owns 50 shares in the company, valued at $50,000. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 950 shares of company stock worth $950,000. 0.04% of the stock is currently owned by insiders.
Several hedge funds have recently added to or reduced their stakes in the business. Bank of Montreal Can raised its position in shares of DCP Midstream by 20.9% during the 4th quarter. Bank of Montreal Can now owns 661,191 shares of the pipeline company’s stock worth $24,021,000 after buying an additional 114,091 shares in the last quarter. Atlantic Trust Group LLC raised its holdings in shares of DCP Midstream by 53.6% in the 3rd quarter. Atlantic Trust Group LLC now owns 517,903 shares of the pipeline company’s stock worth $17,940,000 after purchasing an additional 180,761 shares in the last quarter. Institutional & Family Asset Management LLC bought a new stake in shares of DCP Midstream in the 3rd quarter worth approximately $2,550,000. Virtu Financial LLC bought a new stake in shares of DCP Midstream in the 3rd quarter worth approximately $573,000. Finally, First Allied Advisory Services Inc. bought a new stake in shares of DCP Midstream in the 3rd quarter worth approximately $484,000. Institutional investors own 54.88% of the company’s stock.
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About DCP Midstream
DCP Midstream, LP, formerly DCP Midstream Partners, LP, is a producer and marketer of natural gas liquids (NGLs) in the United States. The Company is engaged in the business of gathering, compressing, treating, processing, transporting, storing and selling natural gas; producing, fractionating, transporting, storing and selling NGLs and recovering, and selling condensate, and transporting, storing and selling propane in wholesale markets.
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