Mplx Lp $MPLX is NBW Capital LLC’s 8th Largest Position

NBW Capital LLC reduced its position in shares of Mplx Lp (NYSE:MPLX) by 3.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 249,837 shares of the pipeline company’s stock after selling 8,597 shares during the quarter. Mplx comprises about 2.8% of NBW Capital LLC’s portfolio, making the stock its 8th biggest position. NBW Capital LLC’s holdings in Mplx were worth $12,869,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Lido Advisors LLC lifted its stake in Mplx by 1.4% in the second quarter. Lido Advisors LLC now owns 34,234 shares of the pipeline company’s stock worth $1,763,000 after acquiring an additional 479 shares during the period. Neuberger Berman Group LLC boosted its stake in shares of Mplx by 5.2% during the second quarter. Neuberger Berman Group LLC now owns 1,048,144 shares of the pipeline company’s stock valued at $53,990,000 after purchasing an additional 51,367 shares in the last quarter. Level Four Advisory Services LLC increased its holdings in Mplx by 169.5% during the second quarter. Level Four Advisory Services LLC now owns 17,813 shares of the pipeline company’s stock valued at $918,000 after buying an additional 11,204 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in Mplx by 29.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 17,937 shares of the pipeline company’s stock worth $924,000 after buying an additional 4,045 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC bought a new position in Mplx in the second quarter worth approximately $26,000. 24.25% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on MPLX. Wells Fargo & Company reduced their price target on Mplx from $60.00 to $59.00 and set an “overweight” rating for the company in a research report on Tuesday, September 23rd. Stifel Nicolaus increased their price target on shares of Mplx from $57.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, August 14th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $57.00 price objective on shares of Mplx in a research report on Monday. Weiss Ratings reissued a “buy (a-)” rating on shares of Mplx in a research report on Monday, November 24th. Finally, Royal Bank Of Canada lifted their price target on shares of Mplx from $58.00 to $60.00 and gave the stock an “outperform” rating in a report on Friday, November 21st. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $59.00.

Mplx Stock Up 1.0%

NYSE:MPLX opened at $54.86 on Tuesday. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.31 and a quick ratio of 1.26. The company’s fifty day moving average price is $51.03 and its 200-day moving average price is $50.97. Mplx Lp has a 1-year low of $44.60 and a 1-year high of $54.94. The firm has a market capitalization of $55.79 billion, a P/E ratio of 11.62 and a beta of 0.56.

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 the consensus estimate of $1.07 by $0.45. The company had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $3.16 billion. Mplx had a return on equity of 34.14% and a net margin of 37.61%. As a group, equities research analysts anticipate that Mplx Lp will post 4.41 EPS for the current year.

Mplx Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Friday, November 7th were issued a $1.0765 dividend. The ex-dividend date of this dividend was Friday, November 7th. This is a boost from Mplx’s previous quarterly dividend of $0.96. This represents a $4.31 dividend on an annualized basis and a yield of 7.8%. Mplx’s dividend payout ratio is presently 91.31%.

Mplx Company 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.