Some Traders See Unusual Bearish Options Activity in Enterprise Products Partners L.P.

 Some Traders See Unusual Bearish Options Activity in Enterprise Products Partners L.P.

In today’s session Enterprise Products Partners L.P. (EPD) recorded an unusually high (149) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious EPD decrease. With 149 contracts traded and 1344 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: EPD161118P00024500 closed last at: $0.45 or 47.1% down. About 1.51 million shares traded hands. Enterprise Products Partners L.P. (NYSE:EPD) has risen 2.81% since April 5, 2016 and is uptrending. It has outperformed by 0.85% the S&P500.

Enterprise Products Partners L.P. (NYSE:EPD) Ratings Coverage

Out of 18 analysts covering Enterprise Products Partners LP (NYSE:EPD), 16 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 89% are positive. Enterprise Products Partners LP has been the topic of 25 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The stock of Enterprise Products Partners L.P. (NYSE:EPD) earned “Equal-Weight” rating by Morgan Stanley on Thursday, August 18. The company was initiated on Wednesday, January 6 by Howard Weil. The rating was maintained by Deutsche Bank on Monday, October 10 with “Buy”. DA Davidson initiated the shares of EPD in a report on Thursday, July 23 with “Buy” rating. The firm has “Buy” rating by Deutsche Bank given on Wednesday, November 18. Credit Suisse upgraded Enterprise Products Partners L.P. (NYSE:EPD) on Monday, September 19 to “Outperform” rating. The firm has “Overweight” rating by Mitsubishi UFG given on Thursday, March 31. The company was initiated on Wednesday, May 11 by Bernstein. The firm has “Neutral” rating by Credit Suisse given on Thursday, March 17. Morgan Stanley upgraded the stock to “Overweight” rating in Wednesday, January 20 report.

According to Zacks Investment Research, “Enterprise Products Partners L.P. is a leading integrated provider of processing and transportation services to producers of Natural Gas Liquids (NGLs) and consumers of NGL products. The Company fractionates for a processing fee mixed NGLs produced as by-products of oil and natural gas production into their component products: ethane, propane, isobutane, normal butane and natural gasoline; converts normal butane to isobutane through the process of isomerization; produces MTBE from isobutane and methanol; and transports NGL products to end users by pipeline and railcar.”

Insitutional Activity: The institutional sentiment increased to 1.23 in Q2 2016. Its up 0.23, from 1 in 2016Q1. The ratio improved, as 44 funds sold all Enterprise Products Partners L.P. shares owned while 233 reduced positions. 84 funds bought stakes while 257 increased positions. They now own 687.25 million shares or 3.25% less from 710.31 million shares in 2016Q1.
The Maryland-based Fulton Breakefield Broenniman Ltd Liability Corporation has invested 0.53% in Enterprise Products Partners L.P. (NYSE:EPD). Kanaly Tru reported 547,047 shares or 3.24% of all its holdings. Cibc Asset Mgmt accumulated 63,829 shares or 0.01% of the stock. Moreover, Moors Cabot Inc has 1.86% invested in Enterprise Products Partners L.P. (NYSE:EPD) for 361,375 shares. Callahan Advsr Llc accumulated 33,739 shares or 0.26% of the stock. Cypress Mngmt Limited Liability Co (Wy) has 21,724 shares for 0% of their US portfolio. Brighton Jones Limited Com accumulated 0.07% or 13,779 shares. West Family Incorporated reported 679,022 shares or 3.62% of all its holdings. Peoples Financial Ser holds 2,600 shares or 0.05% of its portfolio. Moreover, Beacon Grp Incorporated has 0.24% invested in Enterprise Products Partners L.P. (NYSE:EPD) for 37,541 shares. Ent Financial Corporation holds 0.22% or 12,711 shares in its portfolio. Country Club Trust Comm Na accumulated 0.22% or 51,583 shares. Asset Advsrs Corporation last reported 0.01% of its portfolio in the stock. First Interstate National Bank & Trust has invested 0.13% of its portfolio in Enterprise Products Partners L.P. (NYSE:EPD). The Arkansas-based Stephens Ar has invested 0.23% in Enterprise Products Partners L.P. (NYSE:EPD).

Enterprise Products Partners L.P. is a well-known provider of midstream energy services to producers and clients of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals and refined products in North America. The company has a market cap of $51.37 billion. The Company’s divisions include NGL Pipelines & Services; Crude Oil Pipelines & Services; Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services. It has a 20.24 P/E ratio.

EPD Company Profile

Enterprise Products Partners L.P. (Enterprise), incorporated on April 9, 1998, is a well-known provider of midstream energy services to producers and clients of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals and refined products in North America. The Company’s divisions include NGL Pipelines & Services; Crude Oil Pipelines & Services; Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services. The Company’s midstream energy activities include natural gas gathering, treating, processing, transportation and storage; NGL transportation, fractionation, storage, and import and export terminals, including liquefied petroleum gas (LPG); crude oil gathering, transportation, storage and terminals; offshore production platforms; petrochemical and refined products transportation, storage and terminals, and related services, and a marine transportation business that operates primarily on the United States inland and Intracoastal Waterway systems and in the Gulf of Mexico.

More recent Enterprise Products Partners L.P. (NYSE:EPD) news were published by: Forbes.com which released: “Enterprise Products Partners Stock Getting Very Oversold” on November 02, 2016. Also Seekingalpha.com published the news titled: “Enterprise Products Partners, A ‘Cautious Buy'” on October 31, 2016. Seekingalpha.com‘s news article titled: “Enterprise Products Partners LP (EPD) Q3 2016 Results – Earnings Call Transcript” with publication date: October 27, 2016 was also an interesting one.

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