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Enterprise Products reported slightly lower Q2 earnings and dropped revenue, while insiders bought shares.
Enterprise Products Partners L.P. reported second-quarter earnings of $0.66 per share, slightly below the $0.67 estimate, with revenue dropping 15.7% year-over-year to $11.36 billion.
The company’s stock, trading at $31.65, has a market cap of $68.53 billion, a 6.9% dividend yield, and a moderate buy rating with a $35.75 target price.
Insiders John R. Rutherford and William C. Montgomery purchased 15,000 and 16,000 shares respectively in July.
Institutional ownership is 26.07%, and insiders own 32.60% of shares.
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Enterprise Products reportó ganancias ligeramente más bajas en el segundo trimestre y una caída en los ingresos, mientras que los insiders compraron acciones.