Director Rutherford John R acquired 6,500 shares of Enterprise Products Partners L.P. [EPD]

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Enterprise Products Partners L.P. shares valued at $167,543 were purchased by Rutherford John R on Aug 04. At $25.78 per share, Rutherford John R acquired 6,500 shares. The insider’s holdings grew to 113,941 shares worth approximately $2.93 million following the completion of this transaction.


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Also, BARTH CARIN MARCY purchased 19,050 shares, netting a total of over 450,304 in proceeds. Following the buying of shares at $23.64 each, the insider now holds 19,050 shares.

Before that, Rutherford John R had added 10,000 shares to its account. In a trade valued at $257,384, the Director bought Enterprise Products Partners L.P. shares for $25.74 each. Upon closing the transaction, the insider’s holdings increased to 10,000 shares, worth approximately $2.76 million.

Analysts at Evercore ISI downgraded the stock from ‘”an Outperform”‘ to ‘”an In-line”‘ outlook in a report released in early April. As of February 01, 2022, Citigroup has decreased its “Buy” rating to a “Neutral” for EPD. Earlier on January 31, 2022, Citigroup downgraded its rating. Their new recommendation was “a Neutral” for EPD stock which previously was a “a Buy”.

Analyzing EPD’s Price Performance

On Thursday, Enterprise Products Partners L.P. [NYSE: EPD] plunged -1.68% to $25.72. The stock’s lowest price that day was $25.63, but it reached a high of $26.15 in the same session. During the last five days, there has been a drop of approximately -2.61%. Over the course of the year, Enterprise Products Partners L.P. shares have jumped approximately 17.12%. Shares of the company reached a 52-week high of $28.65 on 06/08/22 and a 52-week low of $22.01 on 01/03/22. A 50-day SMA is recorded $25.80, while a 200-day SMA reached $24.50. Nevertheless, trading volume fell to 5.03 million shares from 5.87 million shares the previous day.

Support And Resistance Levels for Enterprise Products Partners L.P. (EPD)

According to the 24-hour chart, there is a support level at 25.52, which, if violated, would cause prices to drop to 25.31. In the upper region, resistance lies at 26.04. The next price resistance is at 26.35. RSI (Relative Strength Index) is 50.25 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.09, which suggests the price will decrease in the coming days. Percent R is at 57.26%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Enterprise Products Partners L.P. subject to short interest?

Stocks of Enterprise Products Partners L.P. saw a sharp steep in short interest on Jul 14, 2022 dropping by -0.42 million shares to 20.95 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 21.37 million shares. A decline of -2.0% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.44 of the overall float, the days-to-cover ratio (short ratio) decline to 2.44.

Which companies own the most shares of Enterprise Products Partners L.P. (EPD)?

According to Harvest Fund Advisors LLC filings, the company currently owns 33,303,757 shares, which is about 1.53% of the total EPD shares outstanding. The investor’s shares have plunged by -532,646 from its previous 13-F filing of 33836403.0 shares. With the completion of the buy transaction, ALPS Advisors, Inc.’s stake is now worth $640,112,607. BlackRock Advisors LLC acquire a 4.70% interest valued at $528.52 million while Neuberger Berman Investment Advis purchased a 501,154 stake. A total of 78,640 shares of Enterprise Products Partners L.P. were bought by Fayez Sarofim & Co. during the quarter, and 5,543,237 were bought by American Century Investment Manag. In its current portfolio, Energy Income Partners LLC holds 14,066,744 shares valued at $342.81 million.

In terms of Enterprise Products Partners L.P. share price expectations, FactSet research, analysts set an average price target of $31.25 in the next 12 months, up nearly 18.5% from the previous closing price of $26.16. Analysts anticipate Enterprise Products Partners L.P. stock to reach $35.00 by 2022, with the lowest price target being $27.90. In spite of this, 23 analysts ranked Enterprise Products Partners L.P. stock as a Buy at the end of 2022. On January 07, 2022, Morgan Stanley assigned a price target of “an Equal-weight” to the stock and downgraded coverage with a $27.

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