Mplx Lp $MPLX Holdings Lifted by Americana Partners LLC

Americana Partners LLC raised its holdings in shares of Mplx Lp (NYSE:MPLX) by 5.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 548,612 shares of the pipeline company’s stock after acquiring an additional 28,611 shares during the quarter. Americana Partners LLC owned approximately 0.05% of Mplx worth $27,403,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the stock. Bessemer Group Inc. boosted its stake in shares of Mplx by 0.8% during the 2nd quarter. Bessemer Group Inc. now owns 25,081 shares of the pipeline company’s stock valued at $1,291,000 after buying an additional 200 shares during the period. Gladstone Institutional Advisory LLC raised its stake in shares of Mplx by 3.5% in the 3rd quarter. Gladstone Institutional Advisory LLC now owns 6,069 shares of the pipeline company’s stock valued at $303,000 after acquiring an additional 206 shares in the last quarter. Magnus Financial Group LLC raised its position in shares of Mplx by 4.9% in the second quarter. Magnus Financial Group LLC now owns 4,602 shares of the pipeline company’s stock valued at $237,000 after purchasing an additional 215 shares during the period. Fifth Third Bancorp boosted its holdings in Mplx by 7.7% during the second quarter. Fifth Third Bancorp now owns 3,165 shares of the pipeline company’s stock valued at $163,000 after acquiring an additional 227 shares during the period. Finally, Visionary Wealth Advisors increased its stake in shares of Mplx by 4.1% in the second quarter. Visionary Wealth Advisors now owns 5,866 shares of the pipeline company’s stock worth $302,000 after purchasing an additional 232 shares during the period. 24.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently issued reports on MPLX shares. Weiss Ratings reaffirmed a “buy (a-)” rating on shares of Mplx in a research report on Monday, December 29th. Raymond James Financial downgraded Mplx from an “outperform” rating to a “market perform” rating in a report on Monday, January 5th. Wells Fargo & Company cut their price objective on Mplx from $60.00 to $59.00 and set an “overweight” rating for the company in a report on Tuesday, September 23rd. JPMorgan Chase & Co. restated a “neutral” rating and set a $57.00 target price on shares of Mplx in a report on Monday, December 1st. Finally, Royal Bank Of Canada boosted their price objective on shares of Mplx from $58.00 to $60.00 and gave the stock an “outperform” rating in a research report on Friday, November 21st. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $59.00.

Mplx Price Performance

Shares of MPLX opened at $56.57 on Tuesday. The company has a current ratio of 1.31, a quick ratio of 1.26 and a debt-to-equity ratio of 1.66. The company’s fifty day simple moving average is $53.98 and its 200 day simple moving average is $51.71. The company has a market cap of $57.54 billion, a price-to-earnings ratio of 11.99 and a beta of 0.56. Mplx Lp has a 1-year low of $44.60 and a 1-year high of $56.71.

Mplx (NYSE:MPLX) last posted its quarterly earnings results on Tuesday, November 4th. The pipeline company reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.45. The business had revenue of $2.95 billion during the quarter, compared to analysts’ expectations of $3.16 billion. Mplx had a return on equity of 34.14% and a net margin of 37.61%. On average, research analysts forecast that Mplx Lp will post 4.41 earnings per share for the current fiscal year.

Mplx Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Friday, November 7th were given a $1.0765 dividend. The ex-dividend date of this dividend was Friday, November 7th. This is a boost from Mplx’s previous quarterly dividend of $0.96. This represents a $4.31 annualized dividend and a dividend yield of 7.6%. Mplx’s payout ratio is currently 91.31%.

About Mplx

MPLX LP (NYSE: MPLX) is a midstream master limited partnership that owns, operates and develops energy infrastructure primarily across the United States. The company provides a range of midstream services including the gathering, transportation, storage and distribution of crude oil, refined petroleum products, natural gas and natural gas liquids (NGLs). MPLX also operates processing and fractionation facilities and supplies logistics services that connect producers, refiners and end-use markets.

The partnership’s asset base includes pipelines, storage terminals, rail and marine facilities, natural gas processing plants and NGL fractionators.