On a relative basis, the stock has outperformed the S&P 500 by 1.55% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.14% in the last 1 week, and is up 5.99% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 1.97% and the 50-Day Moving Average is 5.3%.
Enterprise Products Partners L.P. (NYSE:EPD): The stock opened at $29.75 on Friday but the bulls could not build on the opening and the stock topped out at $29.80 for the day. The stock traded down to $29.19 during the day, due to lack of any buying support eventually closed down at $29.38 with a loss of -0.71% for the day. The stock had closed at $29.59 on the previous day. The total traded volume was 3,053,612 shares.
The company Insiders own 37.5% of Enterprise Products Partners L.P. shares according to the proxy statements. Institutional Investors own 34.43% of Enterprise Products Partners L.P. shares. During last six month period, the net percent change held by insiders has seen a change of 21.15%. In a related news, Williams Randa Duncan, director 10% owner of Enterprise Products Partners L P, had purchased 10,000 shares on March 8, 2016. The total value of the transaction was $240,000. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.
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 19,300 miles of onshore natural gas pipeline systems; Onshore Crude Oil Pipelines & Services segment includes approximately 5,400 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.