Oppenheimer Co Inc buys $29,895,587 stake in Enterprise Products Partners L.P. (EPD)

Enterprise Products Partners L.P. (EPD) : Oppenheimer Co Inc scooped up 120,505 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 Aug 8, 2016. The investment management firm now holds a total of 1,109,710 shares of Enterprise Products Partners L.P. which is valued at $29,895,587.Enterprise Products Partners L.P. makes up approximately 0.86% of Oppenheimer Co Inc’s portfolio.

Other Hedge Funds, Including , Mesirow Financial Investment Management – Equity Management sold out all of its stake in EPD during the most recent quarter. The investment firm sold 43,655 shares of EPD which is valued $1,176,066.Hyman Charles D reduced its stake in EPD by selling 510 shares or 3.46% in the most recent quarter. The Hedge Fund company now holds 14,231 shares of EPD which is valued at $387,083. Enterprise Products Partners L.P. makes up approx 0.06% of Hyman Charles D’s portfolio.Blume Capital Management reduced its stake in EPD by selling 1,600 shares or 17.39% in the most recent quarter. The Hedge Fund company now holds 7,600 shares of EPD which is valued at $206,720. Enterprise Products Partners L.P. makes up approx 0.20% of Blume Capital Management’s portfolio. Northeast Investment Management added EPD to its portfolio by purchasing 7,076 company shares during the most recent quarter which is valued at $193,175. Enterprise Products Partners L.P. makes up approx 0.02% of Northeast Investment Management’s portfolio. Prentiss Smith Co Inc sold out all of its stake in EPD during the most recent quarter. The investment firm sold 168 shares of EPD which is valued $4,783.

Enterprise Products Partners L.P. opened for trading at $27.32 and hit $27.44 on the upside on Monday, eventually ending the session at $27.23, with a gain of 0.07% or 0.02 points. The heightened volatility saw the trading volume jump to 40,04,978 shares. Company has a market cap of $57,034 M.

On the company’s financial health, Enterprise Products Partners L.P. reported $0.27 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus of $0.31. The company had revenue of $5617.80 million for the quarter, compared to analysts expectations of $5756.71 million. The company’s revenue was down -20.8 % 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.

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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