Martin Midstream Partners (NASDAQ:MMLP) Now Covered by Analysts at StockNews.com

Posted by John Adams on Feb 5th, 2025

StockNews.com started coverage on shares of Martin Midstream Partners (NASDAQ:MMLP – Free Report) in a research report sent to investors on Tuesday. The firm issued a buy rating on the pipeline company’s stock.

Martin Midstream Partners Trading Down 0.3 %

Shares of MMLP opened at $3.58 on Tuesday. The firm has a market cap of $139.62 million, a PE ratio of 35.80 and a beta of 2.10. Martin Midstream Partners has a 12 month low of $2.04 and a 12 month high of $4.13. The stock has a fifty day moving average price of $3.72 and a 200-day moving average price of $3.76.

Martin Midstream Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, February 7th will be issued a dividend of $0.005 per share. The ex-dividend date is Friday, February 7th. This represents a $0.02 annualized dividend and a dividend yield of 0.56%. Martin Midstream Partners’s dividend payout ratio (DPR) is currently 20.00%.

Institutional Trading of Martin Midstream Partners

An institutional investor recently raised its position in Martin Midstream Partners stock. De Lisle Partners LLP grew its stake in Martin Midstream Partners L.P. (NASDAQ:MMLP – Free Report) by 13.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 260,833 shares of the pipeline company’s stock after buying an additional 30,000 shares during the period. De Lisle Partners LLP owned 0.67% of Martin Midstream Partners worth $953,000 at the end of the most recent quarter. 34.90% of the stock is owned by institutional investors.

About Martin Midstream Partners

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Martin Midstream Partners L.P., together with its subsidiaries, provides terminalling, processing, storage, and packaging services for petroleum products and by-products primarily in the United States. The company operates in four segments: Terminalling and Storage, Transportation, Sulfur Services, and Specialty Products.