Private Wealth Partners LLC Acquires 13,900 Shares of Mplx Lp $MPLX

Private Wealth Partners LLC boosted its holdings in Mplx Lp (NYSE:MPLX) by 19.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 86,800 shares of the pipeline company’s stock after acquiring an additional 13,900 shares during the quarter. Private Wealth Partners LLC’s holdings in Mplx were worth $4,336,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Private Wealth Asset Management LLC bought a new position in shares of Mplx in the second quarter valued at approximately $26,000. Elevation Point Wealth Partners LLC purchased a new stake in Mplx in the 2nd quarter valued at $26,000. FSC Wealth Advisors LLC purchased a new position in Mplx during the 2nd quarter worth $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 acquiring an additional 400 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of Mplx by 509.0% in the second quarter. Blue Trust Inc. now owns 609 shares of the pipeline company’s stock valued at $31,000 after purchasing an additional 509 shares during the last quarter. 24.25% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on MPLX. Royal Bank Of Canada upped their price objective on shares of Mplx from $58.00 to $60.00 and gave the stock an “outperform” rating in a research report on Friday, November 21st. Raymond James Financial lowered Mplx from an “outperform” rating to a “market perform” rating in a report on Monday, January 5th. Weiss Ratings reiterated a “buy (a-)” rating on shares of Mplx in a report on Monday, December 29th. Zacks Research upgraded Mplx from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 6th. Finally, Morgan Stanley raised their target price on Mplx from $60.00 to $62.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 25th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $59.00.

Mplx Price Performance

NYSE MPLX opened at $55.92 on Friday. The company has a quick ratio of 1.26, a current ratio of 1.31 and a debt-to-equity ratio of 1.66. The company has a market cap of $56.87 billion, a PE ratio of 11.85, a price-to-earnings-growth ratio of 5.09 and a beta of 0.56. Mplx Lp has a 52 week low of $44.60 and a 52 week high of $57.15. The firm’s 50-day simple moving average is $54.47 and its two-hundred day simple moving average is $52.00.

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

Mplx Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 17th. Stockholders of record on Monday, February 9th will be given a $1.0765 dividend. The ex-dividend date is Monday, February 9th. This represents a $4.31 annualized dividend and a dividend yield of 7.7%. Mplx’s payout ratio is 91.31%.

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.