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

Posted by Mitch Edgeman on Feb 5th, 2025

StockNews.com began coverage on shares of Martin Midstream Partners (NASDAQ:MMLP – Free Report) in a research report report published on Tuesday morning. The brokerage issued a buy rating on the pipeline company’s stock.

Martin Midstream Partners Stock Down 0.3 %

MMLP stock opened at $3.58 on Tuesday. The stock has a market capitalization of $139.62 million, a price-to-earnings ratio of 35.80 and a beta of 2.10. Martin Midstream Partners has a twelve month low of $2.04 and a twelve month high of $4.13. The firm’s fifty day simple moving average is $3.72 and its two-hundred day simple moving average is $3.76.

Martin Midstream Partners Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, February 7th will be paid a $0.005 dividend. The ex-dividend date is Friday, February 7th. This represents a $0.02 dividend on an annualized basis and a yield of 0.56%. Martin Midstream Partners’s payout ratio is 20.00%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Martin Midstream Partners stock. De Lisle Partners LLP raised its holdings in shares of Martin Midstream Partners L.P. (NASDAQ:MMLP – Free Report) by 13.0% during the third quarter, according to its most recent filing with the SEC. The firm owned 260,833 shares of the pipeline company’s stock after purchasing 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 reporting period. Institutional investors own 34.90% of the company’s stock.

Martin Midstream Partners Company Profile

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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.