Barclays PLC Has $58.61 Million Stock Position in Mplx Lp $MPLX

Barclays PLC raised its position in Mplx Lp (NYSE:MPLX) by 2.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,173,400 shares of the pipeline company’s stock after purchasing an additional 31,049 shares during the quarter. Barclays PLC owned approximately 0.12% of Mplx worth $58,611,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. NewEdge Advisors LLC increased its stake in shares of Mplx by 4.1% during the 1st quarter. NewEdge Advisors LLC now owns 24,049 shares of the pipeline company’s stock worth $1,287,000 after purchasing an additional 939 shares during the last quarter. Prospera Financial Services Inc boosted its stake in shares of Mplx by 5.5% during the 2nd quarter. Prospera Financial Services Inc now owns 31,572 shares of the pipeline company’s stock worth $1,626,000 after acquiring an additional 1,634 shares in the last quarter. ProShare Advisors LLC increased its holdings in shares of Mplx by 17.6% during the 2nd quarter. ProShare Advisors LLC now owns 29,598 shares of the pipeline company’s stock valued at $1,525,000 after acquiring an additional 4,439 shares during the last quarter. Allworth Financial LP raised its stake in shares of Mplx by 860.8% in the 2nd quarter. Allworth Financial LP now owns 24,847 shares of the pipeline company’s stock valued at $1,280,000 after acquiring an additional 22,261 shares in the last quarter. Finally, 49 Wealth Management LLC raised its stake in shares of Mplx by 34.7% in the 2nd quarter. 49 Wealth Management LLC now owns 12,104 shares of the pipeline company’s stock valued at $623,000 after acquiring an additional 3,119 shares in the last quarter. 24.25% of the stock is owned by institutional investors and hedge funds.

Mplx Trading Down 0.7%

Shares of Mplx stock opened at $58.23 on Tuesday. Mplx Lp has a 1 year low of $44.60 and a 1 year high of $59.84. The company’s fifty day simple moving average is $56.02 and its 200-day simple moving average is $53.21. The company has a market cap of $59.22 billion, a price-to-earnings ratio of 12.08, a PEG ratio of 5.26 and a beta of 0.56. The company has a current ratio of 1.23, a quick ratio of 1.18 and a debt-to-equity ratio of 1.66.

Mplx (NYSE:MPLX) last released its earnings results on Tuesday, February 3rd. The pipeline company reported $1.17 EPS for the quarter, beating the consensus estimate of $1.10 by $0.07. The firm had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.23 billion. Mplx had a net margin of 37.79% and a return on equity of 34.37%. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.07 EPS. As a group, sell-side analysts expect that Mplx Lp will post 4.41 EPS for the current year.

Mplx Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on MPLX shares. Citigroup upped their target price on Mplx from $54.00 to $55.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 10th. Stifel Nicolaus lifted their price target on shares of Mplx from $57.00 to $59.00 and gave the company a “buy” rating in a research report on Wednesday, March 4th. 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 note on Friday, November 21st. Morgan Stanley raised their target price 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. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $57.00 target price on shares of Mplx in a report on Monday, December 1st. One equities 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 stock. According to data from MarketBeat.com, Mplx presently has a consensus 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.