Bouchey Financial Group Ltd Invests $528,000 in Mplx Lp $MPLX

Bouchey Financial Group Ltd acquired a new stake in Mplx Lp (NYSE:MPLX) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 10,568 shares of the pipeline company’s stock, valued at approximately $528,000.

A number of other hedge funds have also modified their holdings of the business. Barclays PLC grew its holdings in shares of Mplx by 2.7% during the third quarter. Barclays PLC now owns 1,173,400 shares of the pipeline company’s stock worth $58,611,000 after buying an additional 31,049 shares during the last quarter. Solstein Capital LLC acquired a new stake in Mplx during the 3rd quarter worth approximately $25,000. Cresset Asset Management LLC grew its stake in shares of Mplx by 3.2% in the 3rd quarter. Cresset Asset Management LLC now owns 30,217 shares of the pipeline company’s stock valued at $1,509,000 after purchasing an additional 950 shares during the last quarter. Blueprint Financial Advisors LLC purchased a new position in shares of Mplx in the 3rd quarter valued at approximately $7,885,000. Finally, Blueprint Investment Partners LLC increased its holdings in shares of Mplx by 3.3% in the third quarter. Blueprint Investment Partners LLC now owns 155,851 shares of the pipeline company’s stock valued at $7,785,000 after purchasing an additional 4,997 shares during the period. 24.25% of the stock is currently owned by hedge funds and other institutional investors.

Mplx Trading Down 0.6%

Shares of MPLX stock opened at $58.56 on Friday. The firm’s 50-day simple moving average is $55.84 and its 200-day simple moving average is $53.05. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.23 and a quick ratio of 1.26. Mplx Lp has a 1-year low of $44.60 and a 1-year high of $59.84. The firm has a market cap of $59.56 billion, a P/E ratio of 12.15, a PEG ratio of 5.29 and a beta of 0.56.

Mplx (NYSE:MPLX) last issued its earnings results on Tuesday, February 3rd. The pipeline company reported $1.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.07. Mplx had a return on equity of 34.37% and a net margin of 37.79%.The business had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.23 billion. During the same quarter in the previous year, the business earned $1.07 EPS. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. As a group, equities analysts forecast that Mplx Lp will post 4.41 EPS for the current year.

Mplx Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Monday, February 9th were given a dividend of $1.0765 per share. The ex-dividend date of this dividend was Monday, February 9th. This represents a $4.31 dividend on an annualized basis and a dividend yield of 7.4%. Mplx’s dividend payout ratio (DPR) is presently 89.42%.

Wall Street Analysts Forecast Growth

MPLX has been the subject of several research analyst reports. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $57.00 price objective on shares of Mplx in a research report on Monday, December 1st. Zacks Research raised shares of Mplx from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 6th. Morgan Stanley raised their price objective on shares of Mplx from $60.00 to $62.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 25th. Stifel Nicolaus boosted their price objective on shares of Mplx from $57.00 to $59.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Weiss Ratings restated a “buy (a-)” rating on shares of Mplx in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $58.14.

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.