Wexford Capital Lp buys $35.9 Million stake in Enterprise Products Partners L.P. (EPD)

Enterprise Products Partners L.P. (EPD) : Wexford Capital Lp scooped up 549,213 additional shares in Enterprise Products Partners L.P. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 1,367,311 shares of Enterprise Products Partners L.P. which is valued at $35.9 Million.Enterprise Products Partners L.P. makes up approximately 6.93% of Wexford Capital Lp’s portfolio.

Other Hedge Funds, Including , Salient Capital Advisors boosted its stake in EPD in the latest quarter, The investment management firm added 291,325 additional shares and now holds a total of 10,231,697 shares of Enterprise Products Partners L.P. which is valued at $268.7 Million. Enterprise Products Partners L.P. makes up approx 6.72% of Salient Capital Advisors’s portfolio.Huntington Asset Advisors reduced its stake in EPD by selling 1,700 shares or 15.32% in the most recent quarter. The Hedge Fund company now holds 9,400 shares of EPD which is valued at $246,844. Enterprise Products Partners L.P. makes up approx 0.16% of Huntington Asset Advisors’s portfolio.Financial Architects Inc boosted its stake in EPD in the latest quarter, The investment management firm added 284 additional shares and now holds a total of 14,362 shares of Enterprise Products Partners L.P. which is valued at $377,146. Enterprise Products Partners L.P. makes up approx 0.14% of Financial Architects Inc’s portfolio.Verity Verity boosted its stake in EPD in the latest quarter, The investment management firm added 17,349 additional shares and now holds a total of 111,416 shares of Enterprise Products Partners L.P. which is valued at $3 Million. Enterprise Products Partners L.P. makes up approx 1.25% of Verity Verity’s portfolio.Wealthtrust Axiom boosted its stake in EPD in the latest quarter, The investment management firm added 3,771 additional shares and now holds a total of 24,184 shares of Enterprise Products Partners L.P. which is valued at $645,471. Enterprise Products Partners L.P. makes up approx 0.25% of Wealthtrust Axiom’s portfolio.

Enterprise Products Partners L.P. opened for trading at $27.23 and hit $27.53 on the upside on Friday, eventually ending the session at $27.37, with a gain of 0.77% or 0.21 points. The heightened volatility saw the trading volume jump to 43,83,541 shares. Company has a market cap of $56,971 M.

On the company’s financial health, Enterprise Products Partners L.P. reported $0.33 EPS for the quarter, based on the information available during the earnings call on Apr 28, 2016. Analyst had a consensus estimate of $0.33. The company had revenue of $5005.00 million for the quarter, compared to analysts expectations of $6853.38 million. The company’s revenue was down -33.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.34 EPS.

Many Wall Street Analysts have commented on Enterprise Products Partners L.P.. Bernstein Initiated Enterprise Products Partners L.P. on May 11, 2016 to “Outperform”, Price Target of the shares are set at $33.Seaport Global Securities Downgraded Enterprise Products Partners L.P. on Apr 29, 2016 to ” Neutral”, Price Target of the shares are set at $30.

Enterprise Products Partners L.P. is a provider of midstream energy services to producers and consumers of natural gas natural gas liquids (NGLs) crude oil petrochemicals and refined products. The Company operates in five segments: NGL Pipelines & Services segment includes its natural gas processing plants and related NGL marketing activities; Onshore Natural Gas Pipelines & Services segment includes approximately 19300 miles of onshore natural gas pipeline systems; Onshore Crude Oil Pipelines & Services segment includes approximately 5400 miles of onshore crude oil pipelines crude oil storage terminals; Offshore Pipelines & Services segment serves drilling and development regions including deepwater production fields and Petrochemical & Refined Products Services segment includes propylene fractionation and related operations including approximately 680 miles of pipelines. Its asset portfolio includes 24 natural gas processing plants and 22 NGL and propylene fractionators.

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