Prime Capital Investment Advisors LLC Makes New Investment in Mplx Lp (NYSE:MPLX)

Prime Capital Investment Advisors LLC purchased a new position in shares of Mplx Lp (NYSE:MPLX) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,146 shares of the pipeline company’s stock, valued at approximately $226,000.

Other large investors have also modified their holdings of the company. JFS Wealth Advisors LLC acquired a new stake in shares of Mplx in the third quarter valued at about $33,000. First Capital Advisors Group LLC. acquired a new stake in Mplx during the 2nd quarter valued at approximately $33,000. Fortitude Family Office LLC acquired a new stake in Mplx during the 4th quarter valued at approximately $41,000. Compass Wealth Management LLC acquired a new stake in Mplx during the 4th quarter valued at approximately $41,000. Finally, Rational Advisors LLC acquired a new stake in Mplx during the 3rd quarter valued at approximately $43,000. Institutional investors and hedge funds own 24.25% of the company’s stock.

Analyst Upgrades and Downgrades

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

Mplx Trading Down 1.1 %

NYSE:MPLX opened at $40.64 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.07 and a debt-to-equity ratio of 1.52. The business’s 50 day moving average is $40.03 and its two-hundred day moving average is $37.62. Mplx Lp has a 52 week low of $33.12 and a 52 week high of $42.89. The company has a market cap of $41.08 billion, a PE ratio of 10.67 and a beta of 1.35.

Mplx (NYSE:MPLX) last announced its quarterly earnings results on Tuesday, January 30th. The pipeline company reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. The business’s revenue was up 11.4% on a year-over-year basis. During the same quarter last year, the business posted $0.78 EPS. On average, analysts predict that Mplx Lp will post 4 EPS for the current year.

Mplx Dividend Announcement

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

Mplx 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.