Chicago Partners Investment Group LLC raised its position in Mplx Lp (NYSE:MPLX – Free Report) by 2.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 444,691 shares of the pipeline company’s stock after purchasing an additional 9,406 shares during the period. Mplx accounts for 0.8% of Chicago Partners Investment Group LLC’s investment portfolio, making the stock its 27th biggest position. Chicago Partners Investment Group LLC’s holdings in Mplx were worth $16,618,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of the company. DRW Securities LLC bought a new position in Mplx in the 4th quarter valued at $1,572,000. Brave Warrior Advisors LLC raised its position in shares of Mplx by 41.7% during the 4th quarter. Brave Warrior Advisors LLC now owns 17,000 shares of the pipeline company’s stock valued at $624,000 after buying an additional 5,000 shares in the last quarter. Pinnacle Holdings LLC raised its position in shares of Mplx by 4.7% during the 4th quarter. Pinnacle Holdings LLC now owns 82,244 shares of the pipeline company’s stock valued at $3,020,000 after buying an additional 3,723 shares in the last quarter. Tortoise Index Solutions LLC raised its position in shares of Mplx by 12.9% during the 4th quarter. Tortoise Index Solutions LLC now owns 463,273 shares of the pipeline company’s stock valued at $17,011,000 after buying an additional 52,790 shares in the last quarter. Finally, Neuberger Berman Group LLC raised its position in shares of Mplx by 3.5% during the 4th quarter. Neuberger Berman Group LLC now owns 190,797 shares of the pipeline company’s stock valued at $7,006,000 after buying an additional 6,508 shares in the last quarter. 24.25% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
MPLX has been the topic of a number of analyst reports. Barclays lifted their target price on shares of Mplx from $40.00 to $43.00 and gave the stock an “overweight” rating in a research report on Friday, April 5th. UBS Group lifted their target price on shares of Mplx from $46.00 to $49.00 and gave the stock a “buy” rating in a research report on Friday, April 12th. JPMorgan Chase & Co. lifted their target price on shares of Mplx from $45.00 to $46.00 and gave the stock an “overweight” rating in a research report on Friday, May 3rd. Stifel Nicolaus lifted their target price on shares of Mplx from $45.00 to $47.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Finally, StockNews.com raised shares of Mplx from a “buy” rating to a “strong-buy” rating in a report on Thursday. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $45.11.
Get Our Latest Analysis on Mplx
Mplx Stock Down 0.0 %
Shares of Mplx stock opened at $41.11 on Friday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.67 and a current ratio of 0.72. The stock has a market capitalization of $41.78 billion, a PE ratio of 10.60, a price-to-earnings-growth ratio of 2.06 and a beta of 1.35. Mplx Lp has a 52-week low of $33.12 and a 52-week high of $42.90. The company has a 50-day simple moving average of $40.95 and a two-hundred day simple moving average of $39.24.
Mplx (NYSE:MPLX – Get Free Report) last released its quarterly earnings data on Tuesday, April 30th. The pipeline company reported $0.98 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.01). Mplx had a net margin of 34.96% and a return on equity of 31.70%. The company had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.89 billion. During the same period in the previous year, the firm earned $0.91 earnings per share. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. On average, analysts anticipate that Mplx Lp will post 4.01 EPS for the current fiscal year.
Mplx Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, May 13th. Shareholders of record on Friday, May 3rd were issued a dividend of $0.85 per share. The ex-dividend date was Thursday, May 2nd. This represents a $3.40 dividend on an annualized basis and a yield of 8.27%. Mplx’s dividend payout ratio is currently 87.63%.
About Mplx
MPLX LP owns and operates midstream energy infrastructure and logistics assets primarily in the United States. It operates in two segments, Logistics and Storage, and Gathering and Processing. The company is involved in the gathering, processing, and transportation of natural gas; gathering, transportation, fractionation, storage, and marketing of natural gas liquids; gathering, storage, transportation, and distribution of crude oil and refined products, as well as other hydrocarbon-based products and renewables; and sale of residue gas and condensate.
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