Attessa Capital LLC purchased a new position in Mplx Lp (NYSE:MPLX - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 18,500 shares of the pipeline company's stock, valued at approximately $1,042,000. Mplx comprises 0.5% of Attessa Capital LLC's holdings, making the stock its 19th largest position.
Other hedge funds also recently bought and sold shares of the company. Assetmark Inc. boosted its position in Mplx by 81.5% in the first quarter. Assetmark Inc. now owns 559 shares of the pipeline company's stock worth $32,000 after purchasing an additional 251 shares during the last quarter. EQ Wealth Advisors LLC purchased a new stake in shares of Mplx during the 4th quarter valued at about $32,000. Wiser Advisor Group LLC bought a new position in shares of Mplx in the 3rd quarter worth approximately $38,000. Axiom Investment Management LLC bought a new position in shares of Mplx in the 1st quarter worth approximately $46,000. Finally, Prosperity Bancshares Inc purchased a new position in shares of Mplx in the fourth quarter worth approximately $43,000. Hedge funds and other institutional investors own 24.25% of the company's stock.
Mplx Trading Up 1.9%
Mplx stock opened at $60.43 on Friday. The firm has a 50 day moving average of $57.03 and a 200 day moving average of $56.70. The firm has a market capitalization of $61.32 billion, a price-to-earnings ratio of 13.00, a P/E/G ratio of 5.64 and a beta of 0.48. Mplx Lp has a 12-month low of $47.80 and a 12-month high of $60.95. The company has a current ratio of 1.10, a quick ratio of 1.05 and a debt-to-equity ratio of 1.71.
Mplx (NYSE:MPLX - Get Free Report) last released its earnings results on Tuesday, August 4th. The pipeline company reported $1.06 EPS for the quarter, hitting analysts' consensus estimates of $1.06. Mplx had a net margin of 35.75% and a return on equity of 32.71%. The company had revenue of $3.13 billion for the quarter, compared to analysts' expectations of $3.14 billion. During the same quarter last year, the business earned $1.03 EPS. The firm's revenue was up 10.3% compared to the same quarter last year. As a group, research analysts predict that Mplx Lp will post 4.26 earnings per share for the current year.
Mplx Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, August 7th will be given a dividend of $1.0765 per share. This represents a $4.31 annualized dividend and a dividend yield of 7.1%. The ex-dividend date is Friday, August 7th. Mplx's dividend payout ratio (DPR) is presently 92.47%.
Analyst Ratings Changes
Several brokerages recently issued reports on MPLX. Zacks Research upgraded shares of Mplx from a "strong sell" rating to a "hold" rating in a research report on Friday, June 5th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $60.00 price target on shares of Mplx in a research report on Thursday, July 2nd. Wall Street Zen cut shares of Mplx from a "buy" rating to a "hold" rating in a research note on Saturday, April 11th. Wolfe Research downgraded shares of Mplx from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, July 29th. Finally, Wells Fargo & Company upped their price objective on Mplx from $61.00 to $63.00 and gave the stock an "overweight" rating in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Mplx has an average rating of "Moderate Buy" and an average price target of $62.20.
View Our Latest Research Report on Mplx
Mplx Company Profile
(
Free Report)
MPLX LP NYSE: MPLX is a midstream master limited partnership that owns, operates and develops energy infrastructure primarily across the United States. The company provides a range of midstream services including the gathering, transportation, storage and distribution of crude oil, refined petroleum products, natural gas and natural gas liquids (NGLs). MPLX also operates processing and fractionation facilities and supplies logistics services that connect producers, refiners and end-use markets.
The partnership's asset base includes pipelines, storage terminals, rail and marine facilities, natural gas processing plants and NGL fractionators.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Mplx, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Mplx wasn't on the list.
While Mplx currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Tesla, Nvidia, and Google helped shape the last era of market growth, but the next wave could come from a new group of companies. Inside this report, you’ll find 7 stocks that could play a major role in the next tech-driven market boom.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
