Martin Midstream Partners L.P. (NASDAQ:MMLP) – Capital One Financial dropped their FY2018 earnings estimates for shares of Martin Midstream Partners in a report released on Thursday, February 14th. Capital One Financial analyst K. May now expects that the pipeline company will post earnings of $0.12 per share for the year, down from their previous estimate of $0.14. Capital One Financial also issued estimates for Martin Midstream Partners’ Q4 2018 earnings at $0.22 EPS and FY2020 earnings at $0.82 EPS.
Other analysts also recently issued reports about the company. ValuEngine upgraded Martin Midstream Partners from a “strong sell” rating to a “sell” rating in a research report on Monday, October 22nd. Zacks Investment Research downgraded Martin Midstream Partners from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, BidaskClub downgraded Martin Midstream Partners from a “hold” rating to a “sell” rating in a research report on Thursday, November 22nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $15.83.
The firm also recently announced a quarterly dividend, which was paid on Thursday, February 14th. Stockholders of record on Thursday, February 7th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, February 6th. This represents a $2.00 annualized dividend and a dividend yield of 16.26%. Martin Midstream Partners’s dividend payout ratio (DPR) is 454.55%.
Several large investors have recently added to or reduced their stakes in MMLP. Gradient Investments LLC purchased a new position in shares of Martin Midstream Partners during the fourth quarter valued at $51,000. Jane Street Group LLC purchased a new position in shares of Martin Midstream Partners during the fourth quarter valued at $109,000. Barclays PLC increased its stake in shares of Martin Midstream Partners by 124.5% during the fourth quarter. Barclays PLC now owns 15,162 shares of the pipeline company’s stock valued at $156,000 after buying an additional 8,408 shares during the period. Endurance Wealth Management Inc. increased its stake in shares of Martin Midstream Partners by 19.6% during the fourth quarter. Endurance Wealth Management Inc. now owns 17,100 shares of the pipeline company’s stock valued at $175,000 after buying an additional 2,800 shares during the period. Finally, Camelot Portfolios LLC purchased a new position in shares of Martin Midstream Partners during the fourth quarter valued at $180,000. Institutional investors and hedge funds own 25.88% of the company’s stock.
About Martin Midstream Partners
Martin Midstream Partners L.P. collects, transports, stores, and markets petroleum products and by-products in the United States Gulf Coast region. The company's Terminalling and Storage segment owns or operates 22 marine shore-based terminal facilities and 16 specialty terminal facilities that provide storage, refining, blending, packaging, and handling services for producers and suppliers of petroleum products and by-products.
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