Mplx Lp (NYSE:MPLX) Shares Bought by CFM Wealth Partners LLC

CFM Wealth Partners LLC boosted its position in shares of Mplx Lp (NYSE:MPLX - Free Report) by 13.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,876 shares of the pipeline company's stock after acquiring an additional 4,955 shares during the quarter. CFM Wealth Partners LLC's holdings in Mplx were worth $2,295,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of MPLX. CFO4Life Group LLC grew its stake 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. Colonial River Investments LLC boosted its holdings in shares of Mplx by 1.8% in the 1st quarter. Colonial River Investments LLC now owns 11,603 shares of the pipeline company's stock valued at $621,000 after buying an additional 200 shares in the last quarter. RE Dickinson Investment Advisors LLC grew its position in shares of Mplx by 11.5% in the 4th quarter. RE Dickinson Investment Advisors LLC now owns 2,017 shares of the pipeline company's stock valued at $96,000 after buying an additional 208 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its stake 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 acquiring an additional 231 shares in the last quarter. Finally, Cherry Creek Investment Advisors Inc. lifted its position in Mplx by 1.8% in the first quarter. Cherry Creek Investment Advisors Inc. now owns 14,743 shares of the pipeline company's stock valued at $789,000 after acquiring an additional 254 shares during the last quarter. 24.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on MPLX. Royal Bank Of Canada lifted 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. Morgan Stanley lifted their price target on Mplx from $56.00 to $62.00 and gave the stock an "equal weight" rating in a research report on Tuesday, March 11th. Finally, Barclays reduced 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. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $55.50.

Mplx Stock Performance

Shares of Mplx stock traded up $0.23 during trading hours on Wednesday, hitting $51.02. 775,625 shares of the company were exchanged, compared to its average volume of 1,705,907. The business has a 50-day moving average of $51.14 and a 200-day moving average of $51.14. Mplx Lp has a 1 year low of $39.95 and a 1 year high of $54.87. The company has a current ratio of 1.08, a quick ratio of 1.04 and a debt-to-equity ratio of 1.40. The stock has a market capitalization of $52.08 billion, a price-to-earnings ratio of 11.78, a P/E/G ratio of 1.60 and a beta of 0.73.

Mplx (NYSE:MPLX - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The pipeline company reported $1.10 EPS for the quarter, topping analysts' consensus estimates of $1.07 by $0.03. The company had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $3.15 billion. Mplx had a net margin of 36.34% and a return on equity of 32.08%. Mplx's quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.98 EPS. As a group, analysts expect that Mplx Lp will post 4.41 EPS for the current fiscal year.

Mplx Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 7.50%. The ex-dividend date was Friday, May 9th. Mplx's dividend payout ratio is presently 88.45%.

About Mplx

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.