Blueprint Investment Partners LLC Sells 20,420 Shares of Mplx Lp $MPLX

Blueprint Investment Partners LLC lowered its stake in Mplx Lp (NYSE:MPLX) by 11.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 150,854 shares of the pipeline company’s stock after selling 20,420 shares during the period. Mplx accounts for 1.4% of Blueprint Investment Partners LLC’s portfolio, making the stock its 19th largest position. Blueprint Investment Partners LLC’s holdings in Mplx were worth $7,771,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of MPLX. Private Wealth Asset Management LLC bought a new position in Mplx in the 2nd quarter valued at $26,000. FSC Wealth Advisors LLC acquired a new position in shares of Mplx during the second quarter valued at $29,000. EQ Wealth Advisors LLC bought a new position in Mplx in the second quarter valued at about $31,000. Blue Trust Inc. increased its position in Mplx by 509.0% in the second quarter. Blue Trust Inc. now owns 609 shares of the pipeline company’s stock worth $31,000 after purchasing an additional 509 shares during the period. Finally, Trust Co. of Toledo NA OH acquired a new stake in Mplx in the second quarter worth about $39,000. Institutional investors and hedge funds own 24.25% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on MPLX shares. Wells Fargo & Company reduced their target price on shares of Mplx from $60.00 to $59.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 23rd. Weiss Ratings upgraded shares of Mplx from a “buy (b+)” rating to a “buy (a-)” rating in a report on Tuesday. Barclays raised their price objective on shares of Mplx from $53.00 to $55.00 and gave the company an “overweight” rating in a research note on Monday. Morgan Stanley upped their target price on shares of Mplx from $57.00 to $60.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 26th. Finally, Zacks Research upgraded Mplx from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $58.67.

Mplx Stock Up 0.2%

Shares of NYSE:MPLX opened at $53.42 on Friday. Mplx Lp has a 52 week low of $44.60 and a 52 week high of $54.87. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.26 and a current ratio of 1.31. The company has a market capitalization of $54.33 billion, a PE ratio of 11.32 and a beta of 0.71. The company has a 50 day moving average price of $50.61 and a two-hundred day moving average price of $50.77.

Mplx (NYSE:MPLX) last announced its quarterly earnings results on Tuesday, November 4th. The pipeline company reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.45. Mplx had a net margin of 37.61% and a return on equity of 34.14%. The company had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $3.16 billion. Analysts forecast that Mplx Lp will post 4.41 earnings per share for the current year.

Mplx Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Friday, November 7th were issued a dividend of $1.0765 per share. This is a boost from Mplx’s previous quarterly dividend of $0.96. This represents a $4.31 annualized dividend and a yield of 8.1%. The ex-dividend date was Friday, November 7th. Mplx’s dividend payout ratio is presently 91.31%.

Mplx Profile

MPLX LP engages in the operation of midstream energy infrastructure and logistics assets, and distribution fuels services. It operates through the Crude Oil and Products Logistics and Natural Gas and NGL Services segments. The Crude Oil and Products Logistics segment transports, stores, distributes, and markets crude oil, asphalt, refined petroleum products, and water.