Enterprise Products Partners L.P. (NYSE:EPD) saw some unusual options trading activity on Friday. Stock traders purchased 25,752 call options on the company. This represents an increase of Infinity compared to the typical daily volume of 0 call options.

In other Enterprise Products Partners L.P. news, Director Carin Marcy Barth bought 12,000 shares of the business’s stock in a transaction on Monday, November 6th. The shares were bought at an average cost of $25.00 per share, for a total transaction of $300,000.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 37.50% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Boston Partners grew its stake in shares of Enterprise Products Partners L.P. by 82.6% during the 2nd quarter. Boston Partners now owns 1,206,722 shares of the oil and gas producer’s stock worth $32,678,000 after acquiring an additional 545,856 shares in the last quarter. Cullen Frost Bankers Inc. grew its stake in shares of Enterprise Products Partners L.P. by 1.8% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 92,837 shares of the oil and gas producer’s stock worth $2,514,000 after acquiring an additional 1,616 shares in the last quarter. Pinnacle Financial Partners Inc. bought a new position in shares of Enterprise Products Partners L.P. during the 2nd quarter worth approximately $1,159,000. Marshall Wace North America L.P. bought a new position in shares of Enterprise Products Partners L.P. during the 2nd quarter worth approximately $12,501,000. Finally, Everett Harris & Co. CA grew its stake in shares of Enterprise Products Partners L.P. by 17.3% during the 2nd quarter. Everett Harris & Co. CA now owns 94,025 shares of the oil and gas producer’s stock worth $2,546,000 after acquiring an additional 13,861 shares in the last quarter. 37.56% of the stock is owned by institutional investors.

A number of research firms have issued reports on EPD. Scotiabank set a $33.00 target price on shares of Enterprise Products Partners L.P. and gave the company a “buy” rating in a research report on Friday, July 21st. Stifel Nicolaus reiterated a “buy” rating and issued a $30.00 price target on shares of Enterprise Products Partners L.P. in a research report on Friday, August 11th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Enterprise Products Partners L.P. in a research report on Thursday, August 10th. BidaskClub downgraded shares of Enterprise Products Partners L.P. from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Finally, Royal Bank Of Canada cut their price target on shares of Enterprise Products Partners L.P. from $34.00 to $31.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 31st. Three research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $30.86.

Shares of Enterprise Products Partners L.P. (EPD) opened at $25.00 on Monday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.41 and a current ratio of 0.71. The company has a market cap of $53,817.57, a P/E ratio of 19.69, a price-to-earnings-growth ratio of 3.74 and a beta of 0.89. Enterprise Products Partners L.P. has a fifty-two week low of $23.84 and a fifty-two week high of $30.25.

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 7th. Shareholders of record on Tuesday, October 31st were issued a dividend of $0.4225 per share. This is an increase from Enterprise Products Partners L.P.’s previous quarterly dividend of $0.42. This represents a $1.69 annualized dividend and a yield of 6.76%. The ex-dividend date of this dividend was Monday, October 30th. Enterprise Products Partners L.P.’s dividend payout ratio (DPR) is 135.20%.

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About Enterprise Products Partners L.P.

Enterprise Products Partners L.P. (Enterprise) is a provider of midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals and refined products in North America. The Company’s segments include NGL Pipelines & Services; Crude Oil Pipelines & Services; Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services.

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