Martin Midstream Partners (NASDAQ:MMLP) Coverage Initiated by Analysts at StockNews.com

Posted by Thomas Dobrow on Jan 30th, 2025

StockNews.com started coverage on shares of Martin Midstream Partners (NASDAQ:MMLP – Free Report) in a research note issued to investors on Monday morning. The firm issued a buy rating on the pipeline company’s stock.

Martin Midstream Partners Stock Performance

Shares of NASDAQ MMLP opened at $3.65 on Monday. The stock has a 50 day moving average price of $3.75 and a 200 day moving average price of $3.76. The firm has a market capitalization of $142.35 million, a price-to-earnings ratio of 36.50 and a beta of 2.12. Martin Midstream Partners has a 52-week low of $2.04 and a 52-week high of $4.13.

Martin Midstream Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 7th will be issued a $0.005 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $0.02 annualized dividend and a dividend yield of 0.55%. Martin Midstream Partners’s payout ratio is currently 20.00%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Martin Midstream Partners stock. De Lisle Partners LLP lifted its holdings in Martin Midstream Partners L.P. (NASDAQ:MMLP – Free Report) by 13.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 260,833 shares of the pipeline company’s stock after purchasing an additional 30,000 shares during the period. De Lisle Partners LLP owned about 0.67% of Martin Midstream Partners worth $953,000 at the end of the most recent quarter. Institutional investors and hedge funds own 34.90% of the company’s stock.

Martin Midstream Partners Company Profile

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Martin Midstream Partners L.P., together with its subsidiaries, provides terminalling, processing, storage, and packaging services for petroleum products and by-products primarily in the United States. The company operates in four segments: Terminalling and Storage, Transportation, Sulfur Services, and Specialty Products.