Capital Advisory Group Advisory Services LLC Makes New $346,000 Investment in Mplx Lp (NYSE:MPLX)

Capital Advisory Group Advisory Services LLC acquired a new position in Mplx Lp (NYSE:MPLX - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,458 shares of the pipeline company's stock, valued at approximately $346,000.

Several other large investors have also recently made changes to their positions in the stock. CFO4Life Group LLC lifted its position in shares of Mplx by 1.1% during the fourth quarter. CFO4Life Group LLC now owns 19,200 shares of the pipeline company's stock worth $919,000 after purchasing an additional 200 shares in the last quarter. RE Dickinson Investment Advisors LLC increased its stake in Mplx by 11.5% during the 4th quarter. RE Dickinson Investment Advisors LLC now owns 2,017 shares of the pipeline company's stock worth $96,000 after buying an additional 208 shares during the period. B. Riley Wealth Advisors Inc. lifted its holdings in Mplx by 1.1% during the 4th 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. GraniteShares Advisors LLC boosted its position in Mplx by 0.5% in the 4th quarter. GraniteShares Advisors LLC now owns 51,441 shares of the pipeline company's stock valued at $2,462,000 after buying an additional 237 shares during the period. Finally, Curi RMB Capital LLC boosted its position in Mplx by 1.2% in the 4th quarter. Curi RMB Capital LLC now owns 25,385 shares of the pipeline company's stock valued at $1,215,000 after buying an additional 290 shares during the period. 24.25% of the stock is currently owned by institutional investors and hedge funds.

Mplx Stock Up 0.3%

Shares of NYSE:MPLX traded up $0.18 on Thursday, hitting $51.83. 596,496 shares of the company's stock were exchanged, compared to its average volume of 1,672,551. Mplx Lp has a 1-year low of $39.95 and a 1-year high of $54.87. The company has a market capitalization of $52.91 billion, a PE ratio of 12.31, a P/E/G ratio of 1.69 and a beta of 0.74. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.95 and a current ratio of 0.99. The firm's 50-day moving average is $50.49 and its 200 day moving average is $50.96.

Mplx (NYSE:MPLX - Get Free Report) last posted its earnings results on Tuesday, May 6th. The pipeline company reported $1.10 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.03. The firm had revenue of $2.89 billion during the quarter, compared to analysts' expectations of $3.15 billion. Mplx had a return on equity of 31.94% and a net margin of 36.18%. The firm's revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.98 earnings per share. Sell-side analysts predict that Mplx Lp will post 4.41 EPS for the current year.

Mplx Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, May 9th were given a dividend of $0.9565 per share. The ex-dividend date was Friday, May 9th. This represents a $3.83 annualized dividend and a dividend yield of 7.38%. Mplx's dividend payout ratio is presently 88.22%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on MPLX shares. Royal Bank of Canada upped their price objective on Mplx from $55.00 to $58.00 and gave the stock an "outperform" rating in a research report on Monday, March 17th. Wall Street Zen downgraded Mplx from a "strong-buy" rating to a "buy" rating in a report on Sunday, March 2nd. Barclays decreased their price objective on Mplx from $55.00 to $52.00 and set an "overweight" rating for the company in a research note on Monday, May 12th. Finally, Morgan Stanley upped their target price on shares of Mplx from $56.00 to $62.00 and gave the stock an "equal weight" rating in a research note on Tuesday, March 11th. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus 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.