Oxford Asset Management LLP Makes New $482,000 Investment in EnLink Midstream, LLC (NYSE:ENLC)

Oxford Asset Management LLP acquired a new stake in EnLink Midstream, LLC (NYSE:ENLC) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 34,030 shares of the pipeline company’s stock, valued at approximately $482,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in ENLC. Venturi Wealth Management LLC acquired a new stake in EnLink Midstream in the 4th quarter worth about $55,000. Farther Finance Advisors LLC lifted its holdings in shares of EnLink Midstream by 20,947.6% during the 4th quarter. Farther Finance Advisors LLC now owns 4,420 shares of the pipeline company’s stock worth $63,000 after acquiring an additional 4,399 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of EnLink Midstream in the third quarter worth approximately $98,000. SG Americas Securities LLC purchased a new stake in EnLink Midstream in the fourth quarter valued at approximately $114,000. Finally, Larson Financial Group LLC increased its position in EnLink Midstream by 800.0% during the fourth quarter. Larson Financial Group LLC now owns 9,000 shares of the pipeline company’s stock worth $127,000 after purchasing an additional 8,000 shares during the last quarter. Hedge funds and other institutional investors own 45.87% of the company’s stock.

EnLink Midstream Stock Up 2.9 %

Shares of NYSE ENLC opened at $14.56 on Friday. The stock has a fifty day moving average price of $14.56 and a 200 day moving average price of $14.73. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 2.30. EnLink Midstream, LLC has a 12-month low of $11.83 and a 12-month high of $16.40. The company has a market cap of $6.65 billion, a P/E ratio of 69.33 and a beta of 2.43.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of EnLink Midstream in a report on Monday, April 21st. They issued a “hold” rating on the stock. Eleven equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $15.33.

EnLink Midstream Profile

EnLink Midstream, LLC provides midstream energy services in the United States. The company operates through Permian, Louisiana, Oklahoma, North Texas, and Corporate segments. It is involved in gathering, compressing, treating, processing, transporting, storing, and selling natural gas; fractionating, transporting, storing, and selling natural gas liquids; and gathering, transporting, stabilizing, storing, trans-loading, and selling crude oil and condensate, as well as providing brine disposal services.