Mutual of America Capital Management LLC Raises Position in Mplx Lp (NYSE:MPLX)

Mutual of America Capital Management LLC lifted its stake in Mplx Lp (NYSE:MPLX) by 32.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 39,761 shares of the pipeline company’s stock after purchasing an additional 9,756 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Mplx were worth $1,460,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Custom Index Systems LLC bought a new stake in Mplx in the fourth quarter worth $1,594,000. Cherry Creek Investment Advisors Inc. lifted its holdings in shares of Mplx by 3.8% in the 4th quarter. Cherry Creek Investment Advisors Inc. now owns 13,266 shares of the pipeline company’s stock worth $487,000 after acquiring an additional 482 shares during the last quarter. S.E.E.D. Planning Group LLC purchased a new position in shares of Mplx during the 4th quarter worth about $206,000. Miller Howard Investments Inc. NY grew its holdings in Mplx by 2.8% during the 4th quarter. Miller Howard Investments Inc. NY now owns 2,362,999 shares of the pipeline company’s stock valued at $86,769,000 after purchasing an additional 65,380 shares during the last quarter. Finally, Turtle Creek Wealth Advisors LLC purchased a new stake in Mplx in the 4th quarter worth about $124,000. Institutional investors own 24.25% of the company’s stock.

Mplx Stock Up 1.2 %

Shares of Mplx stock opened at $40.68 on Monday. Mplx Lp has a 1 year low of $33.12 and a 1 year high of $42.89. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.07 and a quick ratio of 1.01. The stock has a market cap of $41.12 billion, a price-to-earnings ratio of 10.68 and a beta of 1.35. The firm’s 50-day moving average is $40.27 and its two-hundred day moving average is $37.80.

Mplx (NYSE:MPLX) last issued its quarterly earnings data on Tuesday, January 30th. The pipeline company reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.15. The company had revenue of $2.97 billion for the quarter, compared to analyst estimates of $2.88 billion. Mplx had a net margin of 34.82% and a return on equity of 31.85%. Mplx’s revenue was up 11.4% compared to the same quarter last year. During the same period last year, the company posted $0.78 earnings per share. As a group, research analysts expect that Mplx Lp will post 4.11 earnings per share for the current fiscal year.

Mplx Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 14th. Stockholders of record on Monday, February 5th were given a $0.85 dividend. This represents a $3.40 annualized dividend and a dividend yield of 8.36%. The ex-dividend date of this dividend was Friday, February 2nd. Mplx’s payout ratio is 89.24%.

Wall Street Analysts Forecast Growth

MPLX has been the topic of a number of analyst reports. Barclays upped their target price on Mplx from $40.00 to $43.00 and gave the company an “overweight” rating in a research note on Friday, April 5th. Royal Bank of Canada upped their price objective on Mplx from $45.00 to $46.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. Raymond James lifted their target price on Mplx from $44.00 to $45.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 31st. StockNews.com upgraded shares of Mplx from a “buy” rating to a “strong-buy” rating in a report on Wednesday, January 31st. Finally, UBS Group raised their price target on shares of Mplx from $46.00 to $49.00 and gave the stock a “buy” rating in a research note on Friday, April 12th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Mplx currently has an average rating of “Buy” and a consensus target price of $43.86.

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.