Oppenheimer & Co. Inc. Has $167,000 Stock Position in Icahn Enterprises L.P. (NASDAQ:IEP)

Oppenheimer & Co. Inc. reduced its stake in shares of Icahn Enterprises L.P. (NASDAQ:IEP) by 9.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 18,452 shares of the conglomerate’s stock after selling 1,919 shares during the period. Oppenheimer & Co. Inc.’s holdings in Icahn Enterprises were worth $167,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of IEP. Meridian Wealth Management LLC raised its holdings in Icahn Enterprises by 5.1% during the 4th quarter. Meridian Wealth Management LLC now owns 21,171 shares of the conglomerate’s stock worth $184,000 after buying an additional 1,026 shares during the period. Raymond James Financial Inc. acquired a new stake in Icahn Enterprises during the 4th quarter worth approximately $969,000. Moors & Cabot Inc. raised its holdings in shares of Icahn Enterprises by 8.1% in the fourth quarter. Moors & Cabot Inc. now owns 48,355 shares of the conglomerate’s stock valued at $419,000 after purchasing an additional 3,642 shares during the last quarter. Axxcess Wealth Management LLC acquired a new stake in shares of Icahn Enterprises in the fourth quarter valued at approximately $447,000. Finally, Virtu Financial LLC acquired a new stake in shares of Icahn Enterprises in the fourth quarter valued at approximately $856,000. 87.09% of the stock is currently owned by institutional investors and hedge funds.

Icahn Enterprises Price Performance

NASDAQ IEP opened at $8.51 on Friday. The company has a quick ratio of 3.04, a current ratio of 3.04 and a debt-to-equity ratio of 1.82. Icahn Enterprises L.P. has a 12-month low of $7.27 and a 12-month high of $17.93. The company has a market capitalization of $4.65 billion, a PE ratio of -5.16 and a beta of 0.77. The firm’s 50 day moving average is $8.58 and its 200-day moving average is $9.06.

Icahn Enterprises (NASDAQ:IEP) last posted its quarterly earnings data on Wednesday, May 7th. The conglomerate reported ($0.79) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.98). Icahn Enterprises had a negative net margin of 8.55% and a negative return on equity of 17.64%. The business had revenue of $2 billion during the quarter, compared to analyst estimates of $2.63 billion. Equities research analysts anticipate that Icahn Enterprises L.P. will post -0.55 earnings per share for the current fiscal year.

Icahn Enterprises Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Monday, May 19th were issued a $0.50 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 23.49%. Icahn Enterprises’s dividend payout ratio (DPR) is presently -121.21%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of Icahn Enterprises from a “sell” rating to a “hold” rating in a report on Saturday, May 17th.

Icahn Enterprises Company Profile

Icahn Enterprises L.P., through its subsidiaries, engages in the investment, energy, automotive, food packaging, real estate, home fashion, and pharma businesses in the United States and Internationally. The Investment segment invests its proprietary capital through various private investment funds. This segment provides investment advisory and other related services.