Applied Capital LLC FL Boosts Stock Holdings in Mplx Lp (NYSE:MPLX)

Applied Capital LLC FL increased its stake in Mplx Lp (NYSE:MPLX - Free Report) by 101.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,570 shares of the pipeline company's stock after acquiring an additional 8,845 shares during the period. Applied Capital LLC FL's holdings in Mplx were worth $940,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Citizens Financial Group Inc. RI purchased a new position in shares of Mplx during the fourth quarter valued at approximately $362,000. HighTower Advisors LLC boosted its position in shares of Mplx by 5.9% during the fourth quarter. HighTower Advisors LLC now owns 593,566 shares of the pipeline company's stock valued at $28,408,000 after buying an additional 32,976 shares during the period. Farther Finance Advisors LLC boosted its position in shares of Mplx by 55.8% during the fourth quarter. Farther Finance Advisors LLC now owns 5,376 shares of the pipeline company's stock valued at $257,000 after buying an additional 1,925 shares during the period. Avantax Advisory Services Inc. boosted its position in shares of Mplx by 35.4% during the fourth quarter. Avantax Advisory Services Inc. now owns 6,663 shares of the pipeline company's stock valued at $319,000 after buying an additional 1,743 shares during the period. Finally, HBK Sorce Advisory LLC boosted its position in shares of Mplx by 7.2% during the fourth quarter. HBK Sorce Advisory LLC now owns 10,804 shares of the pipeline company's stock valued at $517,000 after buying an additional 730 shares during the period. Hedge funds and other institutional investors own 24.25% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on MPLX shares. Royal Bank Of Canada lifted their price target on shares of Mplx from $55.00 to $58.00 and gave the company an "outperform" rating in a research note on Monday, March 17th. Barclays reaffirmed an "overweight" rating and set a $53.00 price target (up previously from $52.00) on shares of Mplx in a research note on Friday. One 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, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $55.63.

Mplx Stock Down 0.5%

NYSE:MPLX traded down $0.24 during trading hours on Tuesday, reaching $50.71. The company's stock had a trading volume of 1,135,329 shares, compared to its average volume of 1,651,406. The company has a market capitalization of $51.76 billion, a P/E ratio of 11.71, a price-to-earnings-growth ratio of 1.58 and a beta of 0.73. Mplx Lp has a 12 month low of $39.95 and a 12 month high of $54.87. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.04 and a current ratio of 1.08. The stock has a 50 day moving average price of $50.99 and a two-hundred day moving average price of $51.37.

Mplx (NYSE:MPLX - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The pipeline company reported $1.10 earnings per share 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 analyst estimates of $3.15 billion. Mplx had a net margin of 36.34% and a return on equity of 32.08%. The business's quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.98 earnings per share. Equities analysts predict that Mplx Lp will post 4.41 EPS for the current fiscal year.

Mplx Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 9th were issued a $0.9565 dividend. This represents a $3.83 annualized dividend and a yield of 7.54%. The ex-dividend date was Friday, May 9th. Mplx's payout ratio is 88.22%.

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.