Mplx Lp $MPLX Shares Bought by Advisors Asset Management Inc.

Advisors Asset Management Inc. lifted its position in shares of Mplx Lp (NYSE:MPLX) by 16.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 149,367 shares of the pipeline company’s stock after buying an additional 20,777 shares during the period. Advisors Asset Management Inc.’s holdings in Mplx were worth $7,461,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Private Wealth Asset Management LLC purchased a new stake in Mplx during the second quarter valued at about $26,000. Elevation Point Wealth Partners LLC purchased a new stake in shares of Mplx during the 2nd quarter worth about $26,000. FSC Wealth Advisors LLC purchased a new stake in shares of Mplx during the 2nd quarter worth about $29,000. Operose Advisors LLC increased its position in Mplx by 216.2% during the 2nd quarter. Operose Advisors LLC now owns 585 shares of the pipeline company’s stock worth $30,000 after purchasing an additional 400 shares in the last quarter. Finally, EQ Wealth Advisors LLC purchased a new position in Mplx in the second quarter valued at approximately $31,000. 24.25% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have issued reports on MPLX. Raymond James Financial downgraded shares of Mplx from an “outperform” rating to a “market perform” rating in a research note on Monday, January 5th. Citigroup increased their price target on Mplx from $54.00 to $55.00 and gave the company a “neutral” rating in a report on Tuesday. Morgan Stanley raised their price objective on Mplx from $60.00 to $62.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 25th. Royal Bank Of Canada upped their target price on Mplx from $58.00 to $60.00 and gave the stock an “outperform” rating in a research report on Friday, November 21st. Finally, Barclays increased their target price on Mplx from $53.00 to $55.00 and gave the company an “overweight” rating in a research note on Monday, November 17th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Mplx has a consensus rating of “Moderate Buy” and an average price target of $58.29.

Mplx Trading Up 0.6%

Shares of NYSE MPLX opened at $55.70 on Thursday. Mplx Lp has a 12-month low of $44.60 and a 12-month high of $57.15. The company has a market cap of $56.65 billion, a price-to-earnings ratio of 11.56, a price-to-earnings-growth ratio of 4.97 and a beta of 0.57. 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 stock’s 50 day simple moving average is $54.73 and its 200 day simple moving average is $52.29.

Mplx (NYSE:MPLX) last issued its earnings results on Tuesday, February 3rd. The pipeline company reported $1.17 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.07. Mplx had a return on equity of 34.56% and a net margin of 37.79%.The firm had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.23 billion. During the same period last year, the company earned $1.07 earnings per share. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. Equities research analysts expect that Mplx Lp will post 4.41 EPS for the current year.

Mplx Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 17th. Investors of record on Monday, February 9th will be given a $1.0765 dividend. The ex-dividend date is Monday, February 9th. This represents a $4.31 annualized dividend and a yield of 7.7%. Mplx’s dividend payout ratio (DPR) is currently 89.42%.

Mplx Profile

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.