Martin Midstream Partners (NASDAQ:MMLP – Get Free Report) posted its quarterly earnings data on Wednesday. The pipeline company reported $0.07 EPS for the quarter, Zacks reports. The firm had revenue of $213.60 million during the quarter.
Martin Midstream Partners Stock Down 0.2%
NASDAQ:MMLP traded down $0.00 during trading hours on Friday, hitting $2.44. 15,116 shares of the company’s stock traded hands, compared to its average volume of 23,949. The firm has a market cap of $95.30 million, a P/E ratio of -6.41 and a beta of 0.50. The business’s fifty day simple moving average is $2.44 and its two-hundred day simple moving average is $2.64. Martin Midstream Partners has a 52 week low of $1.89 and a 52 week high of $3.54.
Martin Midstream Partners Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, August 7th will be given a dividend of $0.005 per share. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Friday, August 7th. Martin Midstream Partners’s payout ratio is -3.92%.
Analyst Ratings Changes
Read Our Latest Stock Report on Martin Midstream Partners
Institutional Trading of Martin Midstream Partners
A number of hedge funds have recently made changes to their positions in the stock. Commerce Bank purchased a new position in shares of Martin Midstream Partners in the 4th quarter worth about $28,000. Citadel Advisors LLC bought a new stake in Martin Midstream Partners in the 3rd quarter worth approximately $41,000. Jane Street Group LLC lifted its position in Martin Midstream Partners by 139.3% in the 4th quarter. Jane Street Group LLC now owns 24,068 shares of the pipeline company’s stock worth $63,000 after buying an additional 14,010 shares during the last quarter. Susquehanna International Group LLP boosted its stake in Martin Midstream Partners by 298.9% in the third quarter. Susquehanna International Group LLP now owns 44,126 shares of the pipeline company’s stock worth $135,000 after buying an additional 33,064 shares in the last quarter. Finally, Artisan Partners Limited Partnership grew its position in Martin Midstream Partners by 7.1% during the fourth quarter. Artisan Partners Limited Partnership now owns 114,935 shares of the pipeline company’s stock valued at $300,000 after acquiring an additional 7,596 shares during the last quarter. 34.90% of the stock is owned by institutional investors.
Martin Midstream Partners Company Profile
Martin Midstream Partners L.P. is a publicly traded midstream energy partnership that provides storage, transportation and distribution services for petroleum and chemical products. The company’s operations encompass bulk liquid terminals, marine transportation services and handling facilities designed to support a variety of feedstocks and refined products. Through its network of terminals and pipelines, Martin Midstream serves refineries, petrochemical plants and other industrial customers, offering solutions that help optimize logistics and maintain supply chain reliability.
With core assets located along the U.S.
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