Mplx Lp (NYSE:MPLX) Shares Purchased by Blueprint Investment Partners LLC

Key Points

• Blueprint Investment Partners LLC increased its stake in MPLX LP by 6.1% during the first quarter, owning a total of 171,274 shares valued at approximately $9.17 million.
• MPLX's quarterly earnings report indicated that it missed analyst expectations, posting $1.03 EPS against a consensus estimate of $1.08, with a reported revenue of $2.79 billion.
• The company declared a quarterly dividend of $0.9565, representing an annualized yield of 7.6%, with a dividend payout ratio of 90.97%.

Blueprint Investment Partners LLC raised its stake in Mplx Lp (NYSE:MPLX - Free Report) by 6.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 171,274 shares of the pipeline company's stock after purchasing an additional 9,918 shares during the quarter. Mplx accounts for about 1.7% of Blueprint Investment Partners LLC's portfolio, making the stock its 17th biggest position. Blueprint Investment Partners LLC's holdings in Mplx were worth $9,167,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Colonial River Investments LLC increased its position in shares of Mplx by 1.8% during the first quarter. Colonial River Investments LLC now owns 11,603 shares of the pipeline company's stock valued at $621,000 after acquiring an additional 200 shares during the last quarter. Axxcess Wealth Management LLC boosted its holdings in shares of Mplx by 1.8% in the first quarter. Axxcess Wealth Management LLC now owns 11,603 shares of the pipeline company's stock worth $621,000 after acquiring an additional 200 shares during the period. RE Dickinson Investment Advisors LLC boosted its holdings in shares of Mplx by 11.5% in the fourth quarter. RE Dickinson Investment Advisors LLC now owns 2,017 shares of the pipeline company's stock worth $96,000 after acquiring an additional 208 shares during the period. B. Riley Wealth Advisors Inc. raised its position in shares of Mplx by 1.1% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 21,520 shares of the pipeline company's stock worth $1,030,000 after buying an additional 231 shares in the last quarter. Finally, Cherry Creek Investment Advisors Inc. raised its position in shares of Mplx by 1.8% in the first quarter. Cherry Creek Investment Advisors Inc. now owns 14,743 shares of the pipeline company's stock worth $789,000 after buying an additional 254 shares in the last quarter. 24.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on MPLX. Wall Street Zen downgraded Mplx from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Barclays lifted their price objective on Mplx from $52.00 to $53.00 and gave the company an "overweight" rating in a research report on Friday, July 11th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $55.63.

Mplx Trading Down 0.1%

Shares of NYSE:MPLX traded down $0.04 during trading on Wednesday, reaching $49.81. 155,203 shares of the company were exchanged, compared to its average volume of 1,616,297. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.03 and a quick ratio of 0.97. The business's fifty day simple moving average is $51.16 and its 200-day simple moving average is $51.57. Mplx Lp has a 12-month low of $40.73 and a 12-month high of $54.87. The firm has a market capitalization of $50.85 billion, a PE ratio of 11.81, a P/E/G ratio of 1.31 and a beta of 0.73.

Mplx (NYSE:MPLX - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The pipeline company reported $1.03 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.05). Mplx had a return on equity of 30.95% and a net margin of 35.44%. The company had revenue of $2.79 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same quarter in the previous year, the firm posted $1.15 earnings per share. The company's quarterly revenue was down 1.6% on a year-over-year basis. On average, research analysts anticipate that Mplx Lp will post 4.41 EPS for the current year.

Mplx Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 8th will be issued a $0.9565 dividend. The ex-dividend date of this dividend is Friday, August 8th. This represents a $3.83 dividend on an annualized basis and a yield of 7.7%. Mplx's payout ratio is presently 90.97%.

Mplx 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.