Michael Smith - Enterprise Products Group Senior Vice President
| EPD Stock | USD 28.89 0.02 0.07% |
President
Mr. Michael C. Smith is Group Senior Vice President of the company . He was elected a Group Senior Vice President of Enterprise GP in January 2014 and is responsible for Enterprise regulated businesses. He previously served as Senior Vice President Unregulated NGL Business from April 2012 to January 2014 as Vice President Western Gas Gathering Processing from January 2010 to April 2012 as Vice President Rocky Mountain Gathering from January 2009 to December 2009 as Director Rocky Mountains January 2006 to January 2009 and as Director Commercial Development from October 2002 to December 2005. Prior to joining Enterprise Mr. Smith served in marketing engineering and project management roles with Mapco Inc. and The Williams Companies since 2014.
| Age | 42 |
| Tenure | 10 years |
| Address | 1100 Louisiana Street, Houston, TX, United States, 77002 |
| Phone | 713 381 6500 |
| Web | https://www.enterpriseproducts.com |
Michael Smith Latest Insider Activity
Tracking and analyzing the buying and selling activities of Michael Smith against Enterprise Products stock is an integral part of due diligence when investing in Enterprise Products. Michael Smith insider activity provides valuable insight into whether Enterprise Products is net buyers or sellers over its current business cycle. Note, Enterprise Products insiders must abide by specific rules, including filing SEC forms every time they buy or sell Enterprise Products'shares to prevent insider trading or benefiting illegally from material non-public information that their positions give them access to.
Michael Smith over a week ago Disposition of 591 shares by Michael Smith of Doma Holdings at 6.07 subject to Rule 16b-3 | ||
Michael Smith over two weeks ago Acquisition by Michael Smith of 263410 shares of Danimer Scientific at 1.06 subject to Rule 16b-3 | ||
Michael Smith over a month ago Disposition of 1581 shares by Michael Smith of PetIQ subject to Rule 16b-3 | ||
Michael Smith over a month ago Disposition of 17241 shares by Michael Smith of PetIQ subject to Rule 16b-3 |
Enterprise Products Management Efficiency
The company has Return on Asset of 0.0583 % which means that on every $100 spent on assets, it made $0.0583 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.2 %, implying that it generated $0.2 on every 100 dollars invested. Enterprise Products' management efficiency ratios could be used to measure how well Enterprise Products manages its routine affairs as well as how well it operates its assets and liabilities. As of April 24, 2024, Return On Tangible Assets is expected to decline to 0.05. In addition to that, Return On Capital Employed is expected to decline to 0.1. At present, Enterprise Products' Total Current Assets are projected to increase significantly based on the last few years of reporting. The current year's Other Assets is expected to grow to about 43.3 B, whereas Non Current Assets Total are forecasted to decline to about 30.6 B.Similar Executives
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Management Performance
| Return On Equity | 0.2 | |||
| Return On Asset | 0.0583 |
Enterprise Products Leadership Team
Elected by the shareholders, the Enterprise Products' board of directors comprises two types of representatives: Enterprise Products inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Enterprise. The board's role is to monitor Enterprise Products' management team and ensure that shareholders' interests are well served. Enterprise Products' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Enterprise Products' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Graham Bacon, Group Senior Vice President - Operations and Environmental, Health, Safety & Training | ||
| W Fowler, Co-Chief Executive Officer, Chief Financial Officer, Director of the General Partner | ||
| Harry Weitzel, Executive Vice President, General Counsel, Secretary, Director of the General Partner | ||
| A Teague, Co-Chief Executive Officer, Director of the General Partner | ||
| Richard Bachmann, Non-Executive Vice Chairman of the Board of the General Partner | ||
| Natalie Gayden, Senior Vice President - Natural Gas | ||
| Bryan Bulawa, Senior Vice President Treasurer of the General Partner | ||
| Karen Taylor, Senior LLC | ||
| Zachary Strait, Senior NGLs | ||
| James Teague, CEO of Enterprise Products Holdings LLC and Director of Enterprise Products Holdings LLC | ||
| Randa Williams, Non-Executive Chairman of the Board of the General Partner | ||
| R Boss, Executive Vice President - Accounting, Risk Control and Information Technology of the General Partner | ||
| Franz Flach, Director | ||
| Paul Flynn, VP LLC | ||
| James Hackett, Non-Executive Independent Director of the General Partner | ||
| Charles McMahen, Independent Director of the General Partner | ||
| Randall Fowler, President of of Enterprise Products Holdings LLC and Director of Enterprise Products Holdings LLC | ||
| Michael Hanley, Senior Vice President - Pipelines and Terminals | ||
| Murray Brasseux, Independent Director of the General Partner | ||
| Daniel Boss, Senior Vice President | ||
| Christopher DAnna, Senior Petrochemicals | ||
| Michael Smith, Group Senior Vice President | ||
| Thurmon Andress, Independent Director of the General Partner | ||
| John Burkhalter, Vice Relations | ||
| Brent Secrest, Executive Vice President, Chief Commercial Officer of the General Partner | ||
| James Bany, Senior Terminals | ||
| G Cardillo, Group Senior Vice President | ||
| Christian Nelly, Executive Vice President – Finance and Sustainability and Treasurer of the General Partner | ||
| Richard Snell, Independent Director of the General Partner | ||
| Robert Sanders, Executive Vice President - Asset Optimization of the General Partner | ||
| William Ordemann, Executive VP of Commercial - Enterprise Products Holdings LLC | ||
| Robert Moss, Senior Vice President - Houston Region Operations | ||
| Michael Hanson, Principal Accounting Officer, Vice President of the General Partner | ||
| William Barnett, Independent Director of the General Partner | ||
| Angie Murray, Senior Operations | ||
| Richard Boss, Risk Accounting | ||
| Michael Knesek, Senior Vice President Principal Accounting Officer, Controller of the General Partner | ||
| William Montgomery, Independent Director of the General Partner | ||
| Anthony Chovanec, Executive Assessment | ||
| Michael Creel, CEO and Director of Enterprise Products Holdings LLC | ||
| Craig Murray, Group Senior Vice President General Counsel | ||
| Kevin Ramsey, Senior Vice President - Capital Projects | ||
| Carin Barth, Independent Director of the General Partner | ||
| John Rutherford, Independent Director of the General Partner |
Enterprise Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Enterprise Products a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | 0.2 | |||
| Return On Asset | 0.0583 | |||
| Profit Margin | 0.11 % | |||
| Operating Margin | 0.12 % | |||
| Current Valuation | 92.82 B | |||
| Shares Outstanding | 2.17 B | |||
| Shares Owned By Insiders | 32.81 % | |||
| Shares Owned By Institutions | 26.49 % | |||
| Number Of Shares Shorted | 18.53 M | |||
| Price To Earning | 10.71 X |
Enterprise Products Investors Sentiment
The influence of Enterprise Products' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Enterprise. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Enterprise Products' public news can be used to forecast risks associated with an investment in Enterprise. The trend in average sentiment can be used to explain how an investor holding Enterprise can time the market purely based on public headlines and social activities around Enterprise Products Partners. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Enterprise Products' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Enterprise Products' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Enterprise Products' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Enterprise Products.
Enterprise Products Implied Volatility | 25.79 |
Enterprise Products' implied volatility exposes the market's sentiment of Enterprise Products Partners stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Enterprise Products' implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Enterprise Products stock will not fluctuate a lot when Enterprise Products' options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Enterprise Products in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Enterprise Products' short interest history, or implied volatility extrapolated from Enterprise Products options trading.
Pair Trading with Enterprise Products
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Enterprise Products position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Enterprise Products will appreciate offsetting losses from the drop in the long position's value.Moving together with Enterprise Stock
| 0.96 | AM | Antero Midstream Partners Earnings Call Tomorrow | PairCorr |
| 0.97 | ET | Energy Transfer LP Aggressive Push | PairCorr |
Moving against Enterprise Stock
| 0.74 | TK | Teekay | PairCorr |
| 0.71 | EURN | Euronav NV Financial Report 9th of May 2024 | PairCorr |
| 0.55 | CQP | Cheniere Energy Partners Earnings Call This Week | PairCorr |
| 0.52 | FLNG | FLEX LNG Financial Report 21st of May 2024 | PairCorr |
The ability to find closely correlated positions to Enterprise Products could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Enterprise Products when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Enterprise Products - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Enterprise Products Partners to buy it.
The correlation of Enterprise Products is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Enterprise Products moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Enterprise Products moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Enterprise Products can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Enterprise Products Partners. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
Complementary Tools for Enterprise Stock analysis
When running Enterprise Products' price analysis, check to measure Enterprise Products' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Enterprise Products is operating at the current time. Most of Enterprise Products' value examination focuses on studying past and present price action to predict the probability of Enterprise Products' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Enterprise Products' price. Additionally, you may evaluate how the addition of Enterprise Products to your portfolios can decrease your overall portfolio volatility.
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Is Enterprise Products' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Enterprise Products. If investors know Enterprise will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Enterprise Products listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.096 | Dividend Share 2.005 | Earnings Share 2.52 | Revenue Per Share 22.889 | Quarterly Revenue Growth 0.071 |
The market value of Enterprise Products is measured differently than its book value, which is the value of Enterprise that is recorded on the company's balance sheet. Investors also form their own opinion of Enterprise Products' value that differs from its market value or its book value, called intrinsic value, which is Enterprise Products' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Enterprise Products' market value can be influenced by many factors that don't directly affect Enterprise Products' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Enterprise Products' value and its price as these two are different measures arrived at by different means. Investors typically determine if Enterprise Products is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Enterprise Products' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.