BridgePort Financial Solutions LLC Invests $542,000 in Mplx Lp $MPLX

BridgePort Financial Solutions LLC purchased a new position in Mplx Lp (NYSE:MPLX) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 10,154 shares of the pipeline company’s stock, valued at approximately $542,000.

A number of other large investors also recently bought and sold shares of the business. Solstein Capital LLC bought a new position in shares of Mplx during the third quarter valued at approximately $25,000. Elevation Point Wealth Partners LLC bought a new stake in shares of Mplx in the 2nd quarter worth approximately $26,000. FSC Wealth Advisors LLC bought a new stake in shares of Mplx in the 2nd quarter worth approximately $29,000. Operose Advisors LLC grew its stake in shares of Mplx by 216.2% in the 2nd quarter. Operose Advisors LLC now owns 585 shares of the pipeline company’s stock worth $30,000 after buying an additional 400 shares during the last quarter. Finally, Caldwell Trust Co purchased a new stake in shares of Mplx in the 2nd quarter worth approximately $33,000. 24.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on MPLX shares. Weiss Ratings reiterated a “buy (a-)” rating on shares of Mplx in a research note 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. Wall Street Zen raised Mplx from a “hold” rating to a “buy” rating in a research report on Monday, March 23rd. UBS Group upped their price target on shares of Mplx from $64.00 to $73.00 and gave the stock a “buy” rating in a research note on Monday, March 16th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Mplx from $58.00 to $60.00 and gave the company a “neutral” rating in a research note on Tuesday, March 10th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $61.56.

Mplx Stock Performance

Shares of MPLX opened at $55.97 on Friday. The company has a market cap of $56.82 billion, a price-to-earnings ratio of 11.61, a P/E/G ratio of 5.12 and a beta of 0.56. The business’s fifty day simple moving average is $57.34 and its two-hundred day simple moving average is $54.10. Mplx Lp has a 12 month low of $44.60 and a 12 month high of $59.98. 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 posted its quarterly 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 34.37% and a net margin of 37.79%.The firm had revenue of $5.99 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 earnings per share. The company’s revenue was up 6.2% on a year-over-year basis. Research analysts anticipate that Mplx Lp will post 4.41 earnings per share for the current fiscal year.

Mplx Announces Dividend

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

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.