Jaffetilchin Investment Partners LLC purchased a new stake in shares of Mplx Lp (NYSE:MPLX - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 6,434 shares of the pipeline company's stock, valued at approximately $344,000.
Several other hedge funds have also bought and sold shares of MPLX. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Mplx by 4.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,904,477 shares of the pipeline company's stock valued at $330,448,000 after purchasing an additional 266,998 shares in the last quarter. BROOKFIELD Corp ON lifted its position in shares of Mplx by 1.9% in the fourth quarter. BROOKFIELD Corp ON now owns 4,221,615 shares of the pipeline company's stock valued at $202,047,000 after acquiring an additional 79,799 shares in the last quarter. Westwood Holdings Group Inc. lifted its position in shares of Mplx by 5.0% in the fourth quarter. Westwood Holdings Group Inc. now owns 2,279,124 shares of the pipeline company's stock valued at $109,079,000 after acquiring an additional 108,228 shares in the last quarter. FMR LLC lifted its position in shares of Mplx by 141.1% in the fourth quarter. FMR LLC now owns 1,985,181 shares of the pipeline company's stock valued at $95,011,000 after acquiring an additional 1,161,714 shares in the last quarter. Finally, Duff & Phelps Investment Management Co. lifted its position in shares of Mplx by 2.0% in the fourth quarter. Duff & Phelps Investment Management Co. now owns 1,971,331 shares of the pipeline company's stock valued at $94,348,000 after acquiring an additional 37,845 shares in the last quarter. Institutional investors own 24.25% of the company's stock.
Mplx Trading Up 0.7%
Shares of NYSE MPLX opened at $51.59 on Friday. The business's 50 day moving average is $51.10 and its two-hundred day moving average is $51.10. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.08 and a quick ratio of 1.04. Mplx Lp has a 1-year low of $39.95 and a 1-year high of $54.87. The stock has a market capitalization of $52.66 billion, a P/E ratio of 11.91, a PEG ratio of 1.60 and a beta of 0.74.
Mplx (NYSE:MPLX - Get Free Report) last released its earnings results on Tuesday, May 6th. The pipeline company reported $1.10 EPS for the quarter, beating analysts' consensus estimates of $1.07 by $0.03. The firm had revenue of $2.89 billion for the quarter, compared to analysts' expectations of $3.15 billion. Mplx had a return on equity of 32.08% and a net margin of 36.34%. The company's quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.98 earnings per share. As a group, research analysts expect that Mplx Lp will post 4.41 EPS for the current year.
Mplx Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, May 9th were paid a dividend of $0.9565 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a $3.83 dividend on an annualized basis and a dividend yield of 7.42%. Mplx's dividend payout ratio is 88.45%.
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on MPLX. Morgan Stanley boosted their price objective on Mplx from $56.00 to $62.00 and gave the company an "equal weight" rating in a research report on Tuesday, March 11th. Wall Street Zen downgraded Mplx from a "strong-buy" rating to a "buy" rating in a research report on Sunday, March 2nd. Barclays decreased their target price 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, Royal Bank Of Canada boosted their target price on Mplx from $55.00 to $58.00 and gave the stock an "outperform" rating in a research report on Monday, March 17th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Mplx currently has an average rating of "Moderate Buy" and a consensus target price of $55.50.
View Our Latest Analysis on Mplx
Mplx Company Profile
(
Free Report)
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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