Mplx Lp $MPLX Shares Purchased by Applied Capital LLC FL

Applied Capital LLC FL boosted its position in shares of Mplx Lp (NYSE:MPLX) by 62.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,900 shares of the pipeline company’s stock after buying an additional 13,840 shares during the period. Mplx accounts for approximately 1.1% of Applied Capital LLC FL’s portfolio, making the stock its 26th biggest holding. Applied Capital LLC FL’s holdings in Mplx were worth $1,916,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Chickasaw Capital Management LLC grew its position in Mplx by 2.2% during the 3rd quarter. Chickasaw Capital Management LLC now owns 5,611,824 shares of the pipeline company’s stock worth $280,311,000 after purchasing an additional 120,216 shares during the last quarter. Caprock Group LLC purchased a new stake in shares of Mplx in the third quarter valued at about $2,698,000. Fort Washington Investment Advisors Inc. OH acquired a new stake in shares of Mplx during the third quarter worth about $990,000. Bridges Investment Management Inc. boosted its stake in shares of Mplx by 53.2% during the third quarter. Bridges Investment Management Inc. now owns 103,351 shares of the pipeline company’s stock worth $5,162,000 after buying an additional 35,869 shares during the period. Finally, Natixis grew its holdings in shares of Mplx by 1,585.3% during the second quarter. Natixis now owns 403,758 shares of the pipeline company’s stock worth $20,798,000 after buying an additional 379,800 shares during the last quarter. Hedge funds and other institutional investors own 24.25% of the company’s stock.

Mplx Trading Down 2.0%

Shares of MPLX stock opened at $55.95 on Thursday. The business’s fifty day moving average price is $57.34 and its 200 day moving average price is $54.09. The firm has a market capitalization of $56.80 billion, a PE ratio of 11.61, a P/E/G ratio of 5.23 and a beta of 0.56. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.23 and a quick ratio of 1.18. Mplx Lp has a 1-year low of $44.60 and a 1-year high of $59.98.

Mplx (NYSE:MPLX) last released its earnings results on Tuesday, February 3rd. The pipeline company reported $1.17 EPS for the quarter, beating 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 company had revenue of $5.99 billion during the quarter, compared to the consensus estimate of $3.23 billion. During the same quarter last year, the company earned $1.07 earnings per share. Mplx’s quarterly revenue was up 6.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Mplx Lp will post 4.41 EPS for the current fiscal year.

Mplx Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Monday, February 9th were given a dividend of $1.0765 per share. This represents a $4.31 annualized dividend and a yield of 7.7%. The ex-dividend date was Monday, February 9th. Mplx’s dividend payout ratio is presently 89.42%.

Analyst Upgrades and Downgrades

MPLX has been the subject of several analyst reports. Raymond James Financial downgraded Mplx from an “outperform” rating to a “market perform” rating in a research note on Monday, January 5th. UBS Group lifted their target price on Mplx from $64.00 to $73.00 and gave the company a “buy” rating in a research note on Monday, March 16th. Weiss Ratings reissued a “buy (a-)” rating on shares of Mplx in a report on Monday, December 29th. Wall Street Zen raised Mplx from a “hold” rating to a “buy” rating in a report on Monday, March 23rd. Finally, Wells Fargo & Company lifted their price objective on shares of Mplx from $59.00 to $63.00 and gave the company an “overweight” rating in a research report on Friday, March 13th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $61.56.

Mplx Company 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.