15,447 Shares in Mplx Lp (NYSE:MPLX) Purchased by Segment Wealth Management LLC

Segment Wealth Management LLC purchased a new position in Mplx Lp (NYSE:MPLX - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 15,447 shares of the pipeline company's stock, valued at approximately $827,000.

Other institutional investors have also modified their holdings of the company. VSM Wealth Advisory LLC acquired a new stake in Mplx during the fourth quarter valued at approximately $31,000. Generali Asset Management SPA SGR acquired a new stake in Mplx during the fourth quarter valued at approximately $56,000. PSI Advisors LLC raised its stake in Mplx by 32.5% during the first quarter. PSI Advisors LLC now owns 1,100 shares of the pipeline company's stock valued at $59,000 after buying an additional 270 shares in the last quarter. Russell Investments Group Ltd. raised its stake in Mplx by 139.6% during the fourth quarter. Russell Investments Group Ltd. now owns 1,785 shares of the pipeline company's stock valued at $85,000 after buying an additional 1,040 shares in the last quarter. Finally, RE Dickinson Investment Advisors LLC raised its stake in Mplx by 11.5% during the fourth quarter. RE Dickinson Investment Advisors LLC now owns 2,017 shares of the pipeline company's stock valued at $96,000 after buying an additional 208 shares in the last quarter. Institutional investors and hedge funds own 24.25% of the company's stock.

Mplx Stock Down 0.2%

Shares of Mplx stock opened at $51.32 on Friday. Mplx Lp has a twelve month low of $39.95 and a twelve month high of $54.87. The company has a current ratio of 1.08, a quick ratio of 1.04 and a debt-to-equity ratio of 1.40. The stock has a market capitalization of $52.39 billion, a price-to-earnings ratio of 11.85, a PEG ratio of 1.61 and a beta of 0.74. The business's 50 day simple moving average is $50.95 and its 200-day simple moving average is $50.99.

Mplx (NYSE:MPLX - Get Free Report) last posted its earnings results on Tuesday, May 6th. The pipeline company reported $1.10 EPS for the quarter, beating the consensus estimate of $1.07 by $0.03. Mplx had a return on equity of 32.08% and a net margin of 36.34%. The firm had revenue of $2.89 billion for the quarter, compared to analysts' expectations of $3.15 billion. During the same period last year, the firm earned $0.98 EPS. The firm's revenue was up 9.8% compared to the same quarter last year. Equities research analysts forecast that Mplx Lp will post 4.41 earnings per share for the current year.

Mplx Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Friday, May 9th were given a $0.9565 dividend. This represents a $3.83 annualized dividend and a yield of 7.46%. The ex-dividend date of this dividend was Friday, May 9th. Mplx's dividend payout ratio is currently 88.45%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on MPLX. Wall Street Zen cut Mplx from a "strong-buy" rating to a "buy" rating in a research note on Sunday, March 2nd. Royal Bank Of Canada upped their price objective on Mplx from $55.00 to $58.00 and gave the company an "outperform" rating in a research note on Monday, March 17th. Barclays dropped their price target on Mplx from $55.00 to $52.00 and set an "overweight" rating on the stock in a research report on Monday, May 12th. Finally, Morgan Stanley increased their price target on Mplx from $56.00 to $62.00 and gave the stock an "equal weight" rating in a research report on Tuesday, March 11th. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $55.50.

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.

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