Strategic Blueprint LLC Has $288,000 Holdings in Mplx Lp (NYSE:MPLX)

Strategic Blueprint LLC lifted its stake in Mplx Lp (NYSE:MPLX) by 26.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 7,849 shares of the pipeline company’s stock after buying an additional 1,649 shares during the quarter. Strategic Blueprint LLC’s holdings in Mplx were worth $288,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of MPLX. JFS Wealth Advisors LLC bought a new position in Mplx in the 3rd quarter valued at $33,000. First Capital Advisors Group LLC. bought a new position in Mplx in the 2nd quarter valued at $33,000. Fortitude Family Office LLC bought a new position in Mplx in the 4th quarter valued at $41,000. Compass Wealth Management LLC bought a new position in Mplx in the 4th quarter valued at $41,000. Finally, Rational Advisors LLC bought a new position in shares of Mplx in the 3rd quarter worth $43,000. 24.25% of the stock is owned by institutional investors and hedge funds.

Mplx Stock Performance

MPLX opened at $40.64 on Friday. The business’s 50-day moving average price is $40.03 and its two-hundred day moving average price is $37.60. Mplx Lp has a 1 year low of $33.12 and a 1 year high of $42.89. The company has a market capitalization of $41.08 billion, a price-to-earnings ratio of 10.67 and a beta of 1.35. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.07 and a quick ratio of 1.01.

Mplx (NYSE:MPLX) last released its earnings results on Tuesday, January 30th. The pipeline company reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.15. The business had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.88 billion. Mplx had a return on equity of 31.85% and a net margin of 34.82%. Mplx’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.78 earnings per share. Equities analysts expect that Mplx Lp will post 4 EPS for the current fiscal year.

Mplx Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 14th. Investors of record on Monday, February 5th were given a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 8.37%. The ex-dividend date was Friday, February 2nd. Mplx’s dividend payout ratio is currently 89.24%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on MPLX shares. Raymond James raised their price target on Mplx from $44.00 to $45.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 31st. Barclays raised their price target on Mplx from $40.00 to $43.00 and gave the stock an “overweight” rating in a research report on Friday, April 5th. StockNews.com upgraded Mplx from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, January 31st. UBS Group raised their price target on Mplx from $46.00 to $49.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Royal Bank of Canada lifted their target price on Mplx from $45.00 to $46.00 and gave the stock an “outperform” rating in a report on Wednesday, January 31st. One analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $43.86.

Mplx Company Profile

MPLX LP owns and operates midstream energy infrastructure and logistics assets primarily in the United States. It operates in two segments, Logistics and Storage, and Gathering and Processing. The company is involved in the gathering, processing, and transportation of natural gas; gathering, transportation, fractionation, storage, and marketing of natural gas liquids; gathering, storage, transportation, and distribution of crude oil and refined products, as well as other hydrocarbon-based products and renewables; and sale of residue gas and condensate.