Martin Midstream Partners (NASDAQ:MMLP – Get Rating ) is set to release its earnings data after the market closes on Wednesday, April 19th. Those interested in registering for the company’s earnings conference call can do so via this link.
Martin Midstream Partners (NASDAQ:MMLP – Get Rating ) last posted its quarterly earnings results on Wednesday, February 15th. The pipeline company reported ($0.01) earnings per share (EPS) for the quarter. The company had revenue of $243.38 million during the quarter. Martin Midstream Partners had a negative net margin of 1.01% and a negative return on equity of 16.53%.
Martin Midstream Partners Price Performance
Shares of MMLP stock opened at $2.59 on Wednesday. The company has a market cap of $100.80 million, a P/E ratio of -9.96 and a beta of 2.02. The company’s 50-day moving average is $2.69, and its two-hundred-day moving average is $3.05. Martin Midstream Partners has a one year low of $2.39 and a one year high of $5.98.
Martin Midstream Partners dividend announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 14th. Shareholders of record on Tuesday, February 7th were given a dividend of $0.005 per share. This represents an annualized dividend of $0.02 and a dividend yield of 0.77%. The ex-dividend date was Monday, February 6. Martin Midstream Partners’ dividend payout ratio (DPR) is currently -7.69%.
Changes in analyst ratings
Separately, StockNews.com lowered Martin Midstream Partners from a “buy” rating to a “hold” rating in a research report on Monday, March 13th.
Institutional investors weigh in on Martin Midstream Partners
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Citadel Advisors LLC purchased a new position in Martin Midstream Partners during the third quarter valued at approximately $39,000. Jane Street Group LLC purchased a new position in Martin Midstream Partners during the fourth quarter valued at approximately $43,000. HighTower Advisors LLC raised its stake in Martin Midstream Partners by 59.8% during the fourth quarter. HighTower Advisors LLC now owns 16,072 shares of the pipeline company’s stock worth $48,000 after purchasing an additional 6,016 shares during the last quarter. Victory Capital Management Inc. purchased a new position in Martin Midstream Partners during the fourth quarter valued at approximately $67,000. Finally, Acadian Asset Management LLC purchased a new position in Martin Midstream Partners during the 1st quarter valued at approximately $140,000. Institutional investors and hedge funds own 34.96% of the company’s shares.
Martin Midstream Partners Company Profile
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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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