Martin Midstream Partners (NASDAQ:MMLP – Get Rating ) is scheduled to announce its earnings after the market closes on Wednesday, February 15th. Analysts expect the company to post earnings of ($0.08) per share for the quarter.
Martin Midstream Partners shares fall 0.4%
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Shares of MMLP stock opened at $2.58 on Friday. Martin Midstream Partners has a twelve month low of $2.55 and a twelve month high of $5.98. The company has a market cap of $100.23 million, a P/E ratio of 129.50 and a beta of 1.98. The company’s fifty day simple moving average is $3.11 and its 200 day simple moving average is $3.48.
Martin Midstream Partners dividend announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 14th. Investors of record on Tuesday, February 7th will be paid a $0.005 dividend. This represents an annualized dividend of $0.02 and a yield of 0.78%. The ex-dividend date is Monday, February 6. Martin Midstream Partners’ dividend payout ratio is currently 100.00%.
Analysts set new price targets
MMLP has been the subject of several recent analyst reports. TheStreet downgraded shares of Martin Midstream Partners from a “c” rating to a “d” rating in a research note on Thursday, November 3rd. StockNews.com lowered shares of Martin Midstream Partners from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 4th.
Institutional inputs and outputs
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MMLP. Citadel Advisors LLC bought a new stake in shares of Martin Midstream Partners in the third quarter valued at about $39,000. HighTower Advisors LLC boosted its holdings in shares of Martin Midstream Partners by 59.8% during the fourth quarter. HighTower Advisors LLC now owns 16,072 shares of the pipeline company’s stock valued at $48,000 after purchasing an additional 6,016 shares during the last quarter. Victory Capital Management Inc. bought a new stake in shares of Martin Midstream Partners during the fourth quarter valued at about $67,000. Acadian Asset Management LLC bought a new stake in shares of Martin Midstream Partners during the first quarter valued at about $140,000. Finally, UBS Group AG boosted its holdings in shares of Martin Midstream Partners by 10.6% during the first quarter. UBS Group AG now owns 41,955 shares of the pipeline company’s stock valued at $177,000 after purchasing an additional 4,028 shares during the last quarter. Currently, 34.96% of the shares are owned by institutional investors.
About Martin Midstream Partners
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Martin Midstream Partners LP is engaged in a diverse set of operations primarily focused on the Gulf Coast region of the United States. It operates through the following segments: terminal and storage, transportation, sulfur services and natural gas liquids. The Terminals and Storage segment provides storage, refining, blending, packaging and handling services for producers and suppliers of petroleum products and by-products, including the refining of naphthenic crude oil and the blending and packaging of various product grades and quantities industrial, commercial and commercial. , and lubricants and greases for automobiles.
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