Global Retirement Partners LLC Raises Position in Mplx Lp $MPLX

Global Retirement Partners LLC lifted its position in Mplx Lp (NYSE:MPLX) by 409.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 18,516 shares of the pipeline company’s stock after acquiring an additional 14,885 shares during the period. Global Retirement Partners LLC’s holdings in Mplx were worth $988,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in MPLX. Alps Advisors Inc. lifted its position in Mplx by 1.2% in the 3rd quarter. Alps Advisors Inc. now owns 26,409,654 shares of the pipeline company’s stock valued at $1,319,162,000 after acquiring an additional 325,451 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Mplx by 0.7% in the 3rd quarter. Invesco Ltd. now owns 19,561,938 shares of the pipeline company’s stock worth $977,119,000 after purchasing an additional 143,361 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of Mplx by 8.3% in the 2nd quarter. Bank of America Corp DE now owns 9,873,619 shares of the pipeline company’s stock worth $508,590,000 after purchasing an additional 757,569 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Mplx by 4.4% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,060,024 shares of the pipeline company’s stock worth $352,648,000 after purchasing an additional 300,321 shares during the last quarter. Finally, Energy Income Partners LLC raised its stake in shares of Mplx by 2.1% in the third quarter. Energy Income Partners LLC now owns 5,659,885 shares of the pipeline company’s stock worth $282,711,000 after purchasing an additional 118,090 shares during the last quarter. Hedge funds and other institutional investors own 24.25% of the company’s stock.

Mplx Stock Performance

MPLX stock opened at $56.47 on Tuesday. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.10 and a quick ratio of 1.05. Mplx Lp has a 1 year low of $47.80 and a 1 year high of $59.98. The company has a market cap of $57.30 billion, a P/E ratio of 12.22, a price-to-earnings-growth ratio of 5.36 and a beta of 0.49. The stock’s fifty day moving average price is $56.21 and its 200-day moving average price is $55.50.

Mplx (NYSE:MPLX) last posted its quarterly earnings data on Tuesday, May 5th. The pipeline company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.15). Mplx had a net margin of 36.38% and a return on equity of 32.74%. The firm had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $3.09 billion. During the same quarter last year, the company posted $1.10 EPS. The firm’s revenue was down 2.8% compared to the same quarter last year. On average, equities analysts forecast that Mplx Lp will post 4.27 earnings per share for the current year.

Mplx Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 8th were given a dividend of $1.0765 per share. The ex-dividend date of this dividend was Friday, May 8th. This represents a $4.31 annualized dividend and a dividend yield of 7.6%. Mplx’s dividend payout ratio is presently 93.29%.

Analyst Ratings Changes

Several research firms recently commented on MPLX. Zacks Research cut Mplx from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 7th. Truist Financial decreased their target price on Mplx from $67.00 to $66.00 and set a “buy” rating for the company in a research report on Tuesday, April 7th. JPMorgan Chase & Co. upped their target price 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. UBS Group lifted 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, Wells Fargo & Company decreased their price objective on shares of Mplx from $63.00 to $61.00 and set an “overweight” rating for the company in a report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Mplx has a consensus rating of “Moderate Buy” and a consensus target price of $61.60.

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.