International Assets Investment Management LLC Boosts Holdings in Mplx Lp (NYSE:MPLX)

International Assets Investment Management LLC raised its holdings in Mplx Lp (NYSE:MPLX) by 179.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 212,021 shares of the pipeline company’s stock after acquiring an additional 136,047 shares during the period. International Assets Investment Management LLC’s holdings in Mplx were worth $7,785,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Cherry Creek Investment Advisors Inc. grew its holdings in Mplx by 2.2% in the 3rd quarter. Cherry Creek Investment Advisors Inc. now owns 12,784 shares of the pipeline company’s stock valued at $455,000 after buying an additional 277 shares during the period. Prospera Financial Services Inc grew its holdings in Mplx by 1.2% in the 1st quarter. Prospera Financial Services Inc now owns 26,220 shares of the pipeline company’s stock valued at $903,000 after buying an additional 308 shares during the period. Sound Income Strategies LLC grew its holdings in Mplx by 12.9% in the 3rd quarter. Sound Income Strategies LLC now owns 2,710 shares of the pipeline company’s stock valued at $96,000 after buying an additional 310 shares during the period. Lee Financial Co grew its holdings in Mplx by 5.1% in the 3rd quarter. Lee Financial Co now owns 6,821 shares of the pipeline company’s stock valued at $243,000 after buying an additional 329 shares during the period. Finally, First Republic Investment Management Inc. grew its holdings in Mplx by 0.4% in the 4th quarter. First Republic Investment Management Inc. now owns 80,866 shares of the pipeline company’s stock valued at $2,656,000 after buying an additional 336 shares during the period. Hedge funds and other institutional investors own 24.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on MPLX. Royal Bank of Canada lifted their price target on Mplx from $45.00 to $46.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. StockNews.com upgraded Mplx from a “buy” rating to a “strong-buy” rating in a report on Wednesday, January 31st. UBS Group boosted their target price on Mplx from $46.00 to $49.00 and gave the stock a “buy” rating in a report on Friday. Raymond James boosted 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. Finally, Barclays boosted their target price on Mplx from $40.00 to $43.00 and gave the stock an “overweight” rating in a report on Friday, April 5th. One investment 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, Mplx presently has a consensus rating of “Buy” and a consensus target price of $43.86.

Mplx Stock Down 1.1 %

NYSE MPLX opened at $40.64 on Monday. The stock has a market cap of $41.08 billion, a PE ratio of 10.67 and a beta of 1.35. Mplx Lp has a fifty-two week low of $33.12 and a fifty-two week high of $42.89. The business has a 50 day moving average price of $40.03 and a two-hundred day moving average price of $37.63. The company has a quick ratio of 1.01, a current ratio of 1.07 and a debt-to-equity ratio of 1.52.

Mplx (NYSE:MPLX) last released its quarterly earnings results on Tuesday, January 30th. The pipeline company reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.15. The firm had revenue of $2.97 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.78 EPS. As a group, sell-side analysts predict that Mplx Lp will post 4.1 EPS for the current fiscal year.

Mplx Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 14th. Shareholders 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 payout ratio is 89.24%.

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.